Functions of Human Resource Management
It is well established that HRM is a defined function in any organization. It is required at all levels of organization. Top level management are responsible for formation of strategies and their application whereas other levels execute the formed strategies. Some of the functions of HRM can be classified into:
Recruiting and Hiring
Recruitment and Hiring process is one the important HR functions in any organization. Hiring and recruiting talent is a crucial responsibility, also in the present day, HR is not only restricted to attending job fairs and skimming resumes for potential candidates. Now, the HR department is also responsible for workforce planning, writing job descriptions, advertising the opening, screening candidates, interviewing candidates and assisting managers. In addition, talent management is a new horizon in recruiting and hiring. The main objective here is to get the right people in the right place.
Compensation Management
Compensation management deals with shaping salary, benefits and incentives for the employees. Moreover, the HR department is also responsible for defining the salary ranges and providing the compensation according to the roles and responsibility assigned. The HR department working together with front-line supervisors and managers, is responsible for setting strategies to ensure competitive and equitable wages, salary, compensation, benefits and incentives.
Performance Management
HR departments are indulged in performance management of all the employees. It basically means evaluating how employees are performing at individual and group level. Along with it, HR responsibility includes motivating employees to perform well for which they create programs and plans.
Not only this, the HR department is responsible to take proper action to those who do not perform well or violate policies. All disciplinary policies fall under performance management.
Benefits Management
Benefits are the form of compensation given to employees. Fringe benefits given in a job makes a job competitively attractive and motivates employees. To illustrate, education benefits, holiday benefits, child care benefits, health coverage, accommodation and travelling benefits etc. are essential benefits in a workplace.
HR function evaluates the performance and determines the benefit packages for the employees.
Professional Development and Training
The work environment is dynamic and its human nature to try things out of curiosity. Such behavior leads humans to grow and learn new things. Employers, to capitalize this desire for growth and development, need to orient training to the employees considering the changing environment. HR function is responsible for training employees and improving the human competencies
For instance, training sessions, procedural orientations, strategy meetings, employee meetups, on and off the job training, technical training etc. are regular in any organization. All such activities are HR functions and contribute to professional development and training.
Employee Relations
The HR department plays an important role by acting as a bridge between employee and employer. They invest to make the employee-employer relation stronger. Also, employers share their expectation to HR departments and employees can put their request to the employer via HR. Besides such direct responsibility, the HR department is constantly looking for the benefit of the employer and employee.
Worker Safety and Health
HR function is responsible for all the human-related issues in an organization. They are the authority to look after the voices and actions of all the employees. For this purpose, worker’s safety is a prime concern in today’s employment world. An ignorance can cost a huge sum of money to the company. Therefore, the HR department regularly plans and implements policies and procedures that make employees safe and the work environment healthier.
Also, when it comes to workers’ health, HR is concerned with the mental health of the employees. Furthermore, activities like team gathering, counseling sessions, paid leaves, adjustable work hours etc. are some small adaptations which lead to workers safety and health.
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