Final answer:
The key function of human resource management is recruiting, which encompasses a range of activities from job advertisement to interviewing and selecting candidates. It also aims to professionalize HR functions to minimize hiring biases and focuses on retaining and developing employees post-hire.
Step-by-step explanation:
One of the key functions of human resource management (HRM) is recruiting. The process of recruiting involves advertising job positions, collecting resumes, conducting interviews, and selecting the best candidates for employment. As an example, a company with an open position would have its HR manager direct the hiring team to begin the recruitment process. A candidate like Imani, who submits a resume, would have it reviewed alongside others by the HR team. They would then shortlist the most suitable candidates for the department manager, who conducts the interviews.
Professionalizing HR functions is essential not only for efficient hiring but also for reducing bias in the process. For instance, research in Canada has shown that candidates with Asian-sounding names faced discrimination during hiring, suggesting that larger organizations with more professional human resource strategies may reduce such biases. These organizations often have better resources and experience managing diverse staff, which contributes to fairer hiring practices.
Finally, HRM doesn't stop at hiring; it also includes the development and retention of employees. Thoughtful investment in human capital through training and development is crucial to maximize the value of the hiring process. Personnel selection is therefore a strategic process, with companies frequently opting to hire individuals who fit the company culture, with the understanding that skills can be trained while personality traits are less malleable.