Topic > Importance of Human Resource Management - 1728

Human resource management is a very effective concept that helps in improving organizational efficiency and effectiveness in terms of organizational objectives. Below are the key points of human resource management that help in improving the effectiveness and efficiency of the organization to successfully achieve the organizational objectives:- Compensation and Reward Systems: The compensation and reward systems in HRM they are designed for employee advancement and to increase inspiration and motivation with the motive of achieving better and more productive results. in this system, to achieve bigger goals, small goals or we can say short term goals are set and employees are rewarded for achieving the short term goals. It also minimizes the risk of errors or low productivity. The main motive of this system is to make employees happy and motivated and increase the overall quality of an organization's production and work. - Maintain organizational organization – HRM helps to maintain organization in an organization. Every employee has a certain position and knows what his or her job responsibilities are. This system minimizes confusion in assigning work. Therefore, in this way, employees only perform their assigned jobs which results in better performance and successful achievement of their organization