The objectives of HRM can be broken down into four broad categories:
- Societal objectives: Measures put into place that responds to the ethical and social needs or challenges of the company and its employees. This includes legal issues such as equal opportunity and equal pay for equal work.
- Organizational objectives: Actions taken that help to ensure the efficiency of the organization. This includes providing training, hiring the right number of employees for a given task or maintaining high employee retention rates.
- Functional objectives: Guidelines used to keep HR functioning properly within the organization as a whole. This includes making sure that all of HR’s resources are being allocated to their full potential.
- Personal objectives: Resources used to support the personal goals of each employee. This includes offering the opportunity for education or career development as well as maintaining employee satisfaction.