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Posted by TFG Partners on May 29, 2024 at 1:26am 0 Comments 0 Likes
Posted by babo on May 29, 2024 at 1:25am 0 Comments 0 Likes
A short time ago, there was a post trending on Linkedin which stated- HR is not all about making Rangoli and we couldn't agree more. HR is the most strategic function in any organization and perceiving the HR department as the incompetent and ineffective department is nothing less than a misconception. HR managers are responsible for various human resource management functions including talent management, engagement, recruitment, payroll, etc.
No matter if you are managing 8 people or 80, there's a lot of work that needs to be done for effective human resource management. Let's have a look at some of the major functions of human resource management:
1. RECRUITMENT AND ONBOARDING
Hiring the right people is crucial for any organization and this responsibility to hire the perfect fit for a job role is often assigned to HR professionals. From creating job descriptions to getting those jobs published on various platforms to scheduling interviews- HR has to make sure that each process is smooth and hassle-free. Because offering great candidate experience is one of the major factors for building brand image. According to a report by G2, 39% of hiring managers say employer brand will be a long-lasting trend to focus on in the future. Just like having the right recruitment strategy is key for attracting qualified talents, executing that strategy in a hassle-free and timely manner is important to make sure your efforts yield results.
2. TRAINING AND DEVELOPMENT
This is another major function of human resource management as offering proper training and development programs not only improves employee retention but also helps in building a positive work culture. Offering continuous training and development opportunities to employees can help organizations build a skilled workforce that can help them improve their business processes. HR leaders are also responsible for offering employee development programs across all departments. This is a long-term investment in a company's future as skilled employees are more likely to perform well. According to Linkedin, 94 percent of employees would stay with a company for a longer time if there was an investment in learning.
3. PERFORMANCE MANAGEMENT
Okay, so you have the right people but how do you ensure if those right people are hired performing the right way. Performance management is the answer to this question. 98% of businesses believe performance management is important, and this is one of the most crucial functions of human resource management. It is important to identify the top performers and reward them accordingly. Also, insights into performance management can help you identify the strengths and weaknesses of your team. This information can help you improve your overall performance. The HR professionals act as a mediator between the managers and the employee to ensure a smooth implementation of the performance review and appraisal process.
Read full article 5 Major Functions of Human Resource Management
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