Final answer:
The purpose of HRM is to attract, hire, develop, reward, and retain talent, aiming to minimize firings and maximize hirings while ensuring effective workforce management. Professional HR practices reduce recruitment bias and provide necessary training and development to foster employee growth and satisfaction.
Step-by-step explanation:
The purpose of the organizational function of Human Resource Management (HRM) is to attract, hire, develop, reward, and retain talent. HRM specializes and focuses on the retention of employees and hiring practices to ensure proper balance in workforce dynamics. This includes a range of activities, from the initial attraction of potential candidates to developing and rewarding employees in their roles, and ensuring their continued commitment to the organization.
Professionalizing human resources functions is crucial in reducing bias during the hiring process and ensuring a fair and efficient recruitment system. Training and development play a significant role post-hire as bureaucracies must make thoughtful investments in human capital to cultivate their workforce and enhance performance.
An example case of the hiring process begins with a company advertising an open position, followed by HR's collection and review of candidate résumés, leading up to interviews and selection of the suitable candidate. Training is then provided, encompassing organizational culture, specific job duties, and skills required for the role.