A properly run human resource department can provide your business with structure and the ability to meet the needs of your business by controlling your company’s greatest assets -its employees. There are many HR-related disciplines, but HR professionals within each discipline can carry out four fundamental functions. Small companies that don’t have a dedicated HR department can attain the same efficiency and effectiveness in managing the workforce through outsourcing HR tasks or signing up to a professional employer association.
Here are a Few Major Key Functions & Features of Human Resource Management.
Finding Out Suitable Candidates
The performance of employment specialists and recruiters is generally judged by the number of jobs they fill and the length of time required to fill the jobs. In-house recruiters- rather than companies that provide recruitment and staffing services – play a crucial role in developing employers’ workforce. They promote job openings and source candidates, interview candidates, conduct pre-interviews and oversee hiring efforts with supervisors responsible for making the final decision on candidates.
The HR department is responsible for employee relations. It’s a discipline concerned with improving the relationship between the employer and employee by assessing employees’ satisfaction, engagement and resolving workplace conflicts.
Compensation and Benefits
Similar to labor and employee relations, the benefits and compensation functions of HR can be handled by a single HR specialist who has dual skills. HR’s responsibilities comprise establishing compensation structures and assessing competitive pay practices for the compensation aspect. The specialist in compensation and benefits could also determine group health coverage rates with insurance companies and coordinate their actions with the administrator of the retirement savings fund.
Labor Law Compliance
Respecting labor and employment laws is an essential HR job. Unobservance could lead to workplace complaints due to unfair practices in employment, unsafe working conditions and general discontent over working conditions which could affect productivity and, eventually, profit. HR employees should be aware of state and federal employment laws. Such as Title VII of the Civil Rights Act and the Fair Labor Standards Act, the National Labor Relations Act and various other regulations and rules.
Training and Development
Employers need to provide employees with the necessary tools for success. Which in many instances, involves offering new employees intensive orientation training that will assist them in adjusting to a different organizational environment. Opportunities for professional development are available to those looking for opportunities to advance their careers or those looking to accomplish personal goals. Such as obtaining the requirements for a college degree. Assistance programs such as tuition as well as tuition reimbursement plans typically are in the scope of the department of HR’s training and development department.
The above points provide an overview of the critical functions of human resource management. There are much more duties and roles that HR and the HR department perform. Human Resource Management is an integral part of managing the workforce in a company. HR departments maintain a balance between the organization’s goals and employee benefits. Thus, they play a significant role in the smooth growth of an organization.
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