Importance of the Evolution of HRM Function in Our Industries

  Figure 1 , source; (vantage circle) Employee relations is another major event in the modern HRM concepts. Employee relationships can be mentioned as the dynamic interaction, connections and mutual understanding between the employee & employers. According to Verlinden (2024), Employee relations are about reinforcing the ties between the employer and employees and making the company a better place to work. Employee relations can be status on two types based on the hierarchy, (darwinbox, 2024). Vertical employee relation – This is top to bottom relations. Which means the relationships between manager & employee. Horizontal employee relation – This is the relationship among the same level employee in the company.   Importance of the employee relations This is very importance from both points of views of employee & organization. According to Martic (2023), few reasons has mentioned for the employee relations. Employee engagement – With better employee communicatio...

Figure 1 , source; (custom insight)   As the most valuable asset of an organization, Employee satisfaction is another important topic which has come into play with the evolution of the modern HRM concepts. This is a crucial role for the success of an organization. Employee satisfaction is the degree of contentment that workers feel about their occupations. It conveys how content they are with their positions and the business. This happiness, which reflects the company's overall work culture, is frequently the direct outcome of job positions meeting employees' wants and desires ( Simpplr, 2023).   Importance & benefits of employee satisfaction When discussing about the importance of the employee satisfactions for an organization, below benefits can be listed (Deskbird, 2023). Employee Retention and Talent Attraction • High employee satisfaction is crucial for reducing turnover and attracting talent. • Satisfied employees are aligned with their professional ...

The development of Human Resource Management (HRM) represents a significant evolution from earlier notions of personnel management. While all concepts focus on managing employees within an organization, HRM has a broader and more strategic approach that recognizes the importance of human capital in achieving organizational goals. This is very importance for Sri Lankan industry as well for the growth with the global contexts as a developing country and getting out from the current crisis situations. Performance management is one of the main parts in the modern HRM concept. Figure 1 , source; (Kiron Aidhi, 2024) What is Performance Management According to Vulpen, ( 2024) , Performance management is a set of processes and systems aimed at developing employees, so they perform their job to the best of their ability. The goal is to help employees build on skills that enable them to perform better in their roles, reach their potential, and boost their success while also accomp...