Identifying The Key Functions Of HRM That Every Business Owner Should Know

Functions of HRM

In any business, the task of managing the workforce is a difficult task without a properly managed system. With functions such as employee recruitment and management, payroll, training, performance management and legal, the HR department ensures that employees maintain dedication and commitment towards the organization. Human resource management includes processes and programs that are meant for managing employees and successfully running the business. For good employee management, HRM is also responsible for maintaining a secure, accurate, timely and effective payroll system. This is where the need for a reliable and efficient payroll solution India arises. By using such software the employees can be managed well, as their salary is released on time without any errors. The HR also provides essential tools, coaching, knowledge, legal, performance management and management advice for the organization.

The HRM functions are not only confined to administrative and payroll. It is also responsible for advisory and operative functions. Let’s see the key functions of HRM.

1. Employee selection and recruitment

This process involves selecting potential candidates for a particular job based on certain objective standards. The aim of this process is to attract qualified candidates and eliminate the unqualified ones through processes like tests and interviews. Before the recruitment process, the companies have to do human resources planning and job analysis. Both these processes are important for the company as they help the HR professionals to estimate the size and type of workforce, prepare job descriptions and specifications. Once these things are planned, the recruitment, selection and hiring process starts and finally, the right candidates are officially offered the job. This step-by-step process reduces errors or mistakes like engaging incompetent and unqualified employees. 

2. Employee induction and orientation 

Many companies don’t follow a systematic process for introducing their new employees. But, the employee induction process is a crucial step that helps new hires in adjusting with the new job and employer.  This process involves reorganizing the new hires and making them accustomed to their job role, job description, duties, department and work culture. With intensive orientation, the employees are helped in achieving long-term and short term goals of the company. 

3. Training

For grooming of employees, the company should make use of training and development programs. It is quite important to include the training and development process in the business plan as improving employee performance is essential for the growth of the organization. If the company is planning to implement a new employee payroll software, then it probably must have set some objectives for each employee to accomplish with the new software. To achieve those objectives the employees require training on how to use the software. HR professionals should plan the right training and development programs that enhance the skills of employees and allow them to handle various challenges in the future. 

4. Creating good work conditions

It is important to have a healthy and reliable work environment in the organization. Maintaining good work conditions increases employee engagement and it also motivates the employees to work efficiently. HRM must come up with good remuneration and employee benefits for different departments. It should explain the roles and business objectives to the employees to make them work with dedication and commitment. 

5. Managing good employee relations

It is a known fact that any organization cannot achieve its goals and success without a good relationship with employees. Building a strong relationship between the organization and employees is one of the important functions of HRM. Various factors such as working environment, compensation, laws and policies have an influence on the behavior and performance of the employees. So, it is the responsibility of HRM to arrange activities that help in knowing the employees better and foster strong employee relationships. 

So, these are the key functions of HRM that are equally important and have a direct impact on the success of an organization.

 

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