The modern world has brought about many changes in human resource management. Organizational structures have shifted, and new technologies relating to electronic communication have become increasingly prevalent. These changes have altered both the workforce and business landscape. For example, in the past, companies would structure themselves on a centralized basis but are now seeking to decentralize and integrate operations. With this new approach, senior management expects HR to move beyond a traditional approach to a more decentralized support function.
HRM includes four main functions. The planning function ensures that there is a fit between employees and jobs. The organization chart represents the chain of command, and the balance between supply and demand for human resources is maintained. The organizing function develops the organization’s structure and aligns it with the goals of the organization. In addition, HR professionals review metrics of employees with routine performance appraisals. This provides constructive feedback and helps motivate employees through quarterly performance appraisals.
Employee training and orientation teaches employees the skills and knowledge they need to perform their jobs effectively. An experienced workforce ensures safe and reliable products and services. Moreover, a competent workforce minimizes the likelihood of legal actions and lawsuits. Job analysis involves defining different aspects of a job and matching the right talent to the needs of the business. Then, a job specification is created to outline the tasks and requirements needed for a specific job.
As a graduate, you will gain hands-on experience through an internship or co-op program. You will have the opportunity to work in an actual organization, manage real groups, and bounce ideas off classmates. During internships, you will have the opportunity to ask professors questions and bounce ideas from fellow students. An online master’s in psychology program at Pepperdine University prepares students for doctoral study or a career in the human services field.
In many cases, HR professionals enter the field with a bachelor’s degree. Others find the field by studying a related discipline. In any case, an HR professional can start as a human resources specialist and work their way up to a managerial position. Some organizations, however, prefer to hire a graduate before hiring someone to be an HR manager. Although advanced education is not necessary, it certainly makes the job market more attractive. In addition, it also gives you access to key decision-makers in the business.
Several HRM functions are directly related to the development of employees. The training process, for example, allows employees to learn new skills and prepare them for higher responsibilities. Studies have shown that companies that invest in comprehensive training programs for employees have 218% higher average income per employee than organizations that don’t. Finally, compensation management includes determining the pay scale for different job functions and implementing bonuses and incentives related to a particular job function. And finally, HRM functions include the implementation of organizational policies, and ensure that everyone is treated fairly.