Human resource management is all about overseeing human capital within an organisation. It’s to recruit and train employees in such a way that they contribute more towards company and personal growth. Several functions and practices that fall under human resource help managers to attract and hold skilled personnel, operate in compliance to state and federal laws, identify and plan future organisational needs in advance. Depends on size and nature of organisation, human resource department can either have multiple talents carrying various duties or a single person to look after everything.
Compensation management functions in a way that help organisations meet and balance budgetary needs. This information is further utilised to attract, retain and train potential employees within the prescribed budget. It’s these compensation analysts and managers that schemes job description, allot recompense levels for hourly and salaried levels, correspond with employees regarding rewards issues over rewards and benefits, identify how much it costs to reimburse workforce.
The rewards & returns administration
As a token of appreciation and vesting potential rights onto employees; organisations caters health, life insurance, disability coverage, tuition fee, flexible spending accounts and many other benefits. Professionals working under this category/department looks after benefits enrolment period, reimburse monthly benefits premiums, select benefit service providers, assist employees having queries relevant to benefits and much more. Arrange corporate presentations to train and educate potential employees and implementation of organisation norms, benefit sales and comply with laws are some other duties.
Recruitment & selection
Recruitment Agency make sure they pick highly qualified talents for your organisation. The hiring process starts when department manager identifies a vacancy within a company. Recruiter posts a job advertisement either in newspaper or over the internet in one of many job portals with entire details such as duties and qualifications of position.
Each application is screened from the pool after which selected candidates are contacted. Interview session is arranged with manager while it can extend to three, four and even five sittings depend upon organisational hierarchy. Recruitment professionals also supervise pre-employment tests, conduct character information, background checks and make offer to successful candidates.
Training is to make employees learn organisational norms, work nature, gather new information and manipulate existing knowledge for best outcome. New recruits become familiar with policies and practices of the company whereas existing employees also benefit from training sessions. Workshops, seminars and presentations specifically design to appreciate and reinforce new skills. In-short, training professionals carryout such tasks crucial to design and deliver these sessions.
Strategic planning allows human resource professionals to outline department activities as per overall organisational goals. It involves such activities that contribute directly to business growth and reinforcement. Compensation professionals contribute in strategic/tactical planning by analysing existing plans, forecasting trends in compensation and determine how all these modifications would affect organisation. These professionals participate in succession planning which determine employment openings and carry out activities designed to fill these vacancies. Future staffing needs are considered in strategic planning for overall organisational growth.
Organisational norms and practices are devised and put into effect in compliance to state laws. For instance in U.S, human resource professionals must obey state and federal employment laws like National Labour Relations Act, Family Medical Leave Act, Title VII of the Civil Rights Act 1964 and others such. HR professionals have to maintain files and ensure company decisions comply with applicable laws. Abiding by the policies reduces risk of lawsuits and employee turnover rate!
Above are a few primary functions and practices carried by human resource professionals in an organisation. So we can conclude that human resource is the backbone for any business entity without which success is unimaginable!