What is Human Resource or HR? It refers to the people working for a company and the department that manages employee’s resources. What is Human Resource Management or HRM? It is the process of managing employees in a company. That involves hiring, firing, training, and motivating employees.
HR has several functions in a company or organization, and they are all equal in importance. These include performance management, learning and development, recruitment, and a lot more. Let us take a look at the functions of HR and how they help the company or organization to move forward.
Recruitment: Looking for the right people for the right job.
How do you measure the success of recruiters? It is by the number of positions they fill and the time it takes for them to fill those positions. Recruiters advertise job postings, source candidates, screen applicants, and conduct preliminary interviews. They coordinate hiring efforts with managers who make the final selection of candidates.
Workplace safety: Maintaining a safe environment
The law requires that employers provide a safe working environment for employees. One of the main functions of HR is to support workplace safety training. They also have to maintain logs for workplace injury and fatality reporting. Safety and risk specialists work with benefits specialists to manage the company’s workers’ compensation issues.
Compensation planning: Compensation and benefits
An HR Specialist with dual expertise can handle the compensation and benefits functions. The HR sets compensation structures and check competitive pay practices, and negotiates with insurers for group health coverage rates. He or she can also coordinate activities with the retirement savings fund administrator. The compensation and benefits department of HR usually handles the payroll. But, many companies outsource some functions like that.
Complying: Following the Labor Law
HR is in charge of making sure that the company complies with labor and employment laws. Employees tend to complain when there are unfair employment practices, unsafe working conditions, and general dissatisfaction. HR staff needs to be aware of federal and state employment laws.
Training: Providing the necessary tools
Employers have to provide employees with the tools they need to ensure the success of their work. Most HR departments offer leadership training and professional development. Those hired recently are often required to undergo leadership training. Promoted supervisors and managers can also enjoy that. HR should also provide professional development opportunities for employees who want to achieve personal goals. That includes, but is not limited to, finishing a college degree.
Human Resources Information Systems often store employee data. Companies buy, install, and manage these systems to use the data for better decision making. Taking up a human resource course singapore is one step closer to becoming part of HR. HRM is a central pillar of a lot of organizations, and HR often conducts various activities.