The Human Resources (HR) department is an important component of every organization's operations. When it comes to hiring HR specialists, companies are constantly on the hunt. Everyone interested in Human Resources may expect a rewarding career. If you're considering a career in HR, it is important to understand the key functions of human resource management.
Top 10 HR Functions
1. Human Resource Planning
HR's initial role focuses on the company's long-term requirements. How many and what sort of employees does the company require? Knowing this will influence all aspects of human resources management, including recruiting, screening, performance evaluation, and training & development.
2. Recruitment and Selection
The second HR function is to recruit and choose the best individuals for the company. Attracting new employees often begins with developing an employee brand. Being an appealing employer offers several benefits, just as the reverse is true. The tobacco business is an excellent illustration of the latter since it struggles to recruit talent owing to its tarnished image.
You're halfway there with a great employer brand and smart sourcing tactics. The selection procedure is used by HR to identify the most qualified and promising individuals. Because recruitment technology has advanced rapidly, there are now recruiting tools for every stage of the hiring process.
3. Performance Management
Performance management is critical to ensure that employees are both active and motivated at work. Supervision, defined objectives, and honest feedback are all necessary components of effective performance management.
The (bi)annual performance appraisal is one of the performance management tools. It involves the employee being evaluated by his or her boss. Additionally, 360-degree feedback systems are used to evaluate an employee's performance by colleagues, supervisors, coworkers, and occasionally even customers. Such tools may be quite beneficial for delivering feedback.
When you use performance management, you're also able to bridge the talent gap between today's workers and the ones you desire in the future. Learning and development is one of the finest strategies to establish a strong workforce for the future.
4. Career Planning
HR management is also responsible for providing workers with career advice and development as part of its fourth function, which is career planning. Employees are more likely to stay with a firm if they see how their goals connect with the company's long-term vision. A strong employer brand, better succession planning, and more productive employees are all advantages for the company.
5. Employee Participation and Communication
As per Dave Ulrich, among the most important functions of human resources is to serve as a credible activist on behalf of the workers. A variety of issues that are significant to employees must be communicated to and heard by those who work with them. Information that is important to workers is conveyed through communication.
6. Health and Safety
Health and safety laws set forth by government agencies should be followed by all employers without exception. Our labor laws require that all employers provide the necessary training, supplies, personal protective equipment (PPE), and information to guarantee the safety of employees. Making these safety requirements a part of everyday business operations is an important role of human resources management.
7. Personal Well Being
The HR department's role is to support and care for workers who encounter personal difficulties. Personal well-being is all about assisting workers in the event that things do not go according to plan. Performance of employees, commitment, and effectiveness may be harmed by issues both in and outside the workplace. This has a detrimental effect on the bottom line of a business.
Personal well-being programs conducted by your human resources department must include one-on-one engagement with workers as well as cross-team and cross-company interaction. For instance, a business may provide an employee support program through which those experiencing mental health difficulties might get a consultation.
8. Administrative Responsibilities
HR's next function is administrative responsibility. Personnel policies and procedures, as well as Human Resource Information Systems, are examples of this. Personnel procedures address issues such as promotions, resettlement, sanctions, performance improvement, sickness, regulations, cultural and ethnic diversity, unwelcome intimacy, and bullying. Each of these scenarios requires the development and implementation of policies and processes to properly comply with the demands or overcome the obstacles.
9. Industrial Relations
Additionally, human resources is responsible for maintaining and nurturing ties with union workers and other communities, as well as their members. Maintaining positive connections with unions can assist in identifying and resolving possible disputes early, as well as being advantageous during more hard financial times when redundancies or other steps may be necessary.
It is difficult to overlook the importance of rewarding workers for their efforts. In order to find the ideal person for the job and for the business, it's critical to provide competitive compensation packages.
In addition to financial compensation, employees are rewarded with possibilities for advancement and promotion, recognition, a positive work environment, and a healthy work-life balance. Employees benefit from a variety of other factors as well, such as great coworkers and meaningful work. The job's monetary compensation includes both financial and non-financial perks.
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HR has a multifaceted function in helping firms get the most from their employees. To fulfill these essential HR functions, an HR professional must have a diverse skill set. If you're interested in pursuing a career in human resources, check out Simplilearn's Global MBA Program. One Year Global MBA from IU, Germany, is a great way to begin your career in management and business administration. International focus and a hands-on approach make this curriculum ideal for students looking for work in the world's most competitive markets.