WHY HUMAN RESOURCE MANAGEMENT IS IMPORTANT

The human resources are the most important assets of an organization. The success or failure of an organization is largely dependent on the caliber of the people working therein. Without positive and creative contributions from people, organizations cannot progress and prosper.

Strategic Management - HRM can improve a company’s bottom line with its knowledge of how human capital affects organizational success. HR management is therefore factored into corporate decision making.

Maintaining Compliance - Human resources management is not only restricted to the qualitative side of the people processes, but it also plays the essential role of ensuring an organization complies with all employment laws designated in their location.

Recruitment – HRM is imperative in hiring employees who are in accordance with the organizations workforce needs and fit the workplace culture.

Attracting & Retaining Top Talent -

It’s the HR department’s job to attract and retain the best talent in the market.

Employees who dedicate their time and skills to a company mean more than just accomplishing tasks and filling vacant job positions. These talents are the spine of a company’s success.

Attracting and retaining employees who are qualified with the right skills, fit the company culture, and have a positive mindset will determine whether a company will succeed or not.

Hence, Human Resource is the back bone of all companies

To sum up,

1. They Recruit Top Talent

2. They Execute Business Strategy

3. They Maximize Employee Output

4. They Can Lower Your Costs

5. They Keep You In Compliance

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HUMAN RESOURCE MANAGEMENT

What is Human Resource Management? Human Resource or HR is one of the department which deals with finding, screening, recruiting, and training job applicants, and administering employee benefit programs. It is a function of the company or organization which deals with concerns that are related to the staff of the company. An HR department is an essential part of any business regardless of the organization's size. It focuses on maximizing employee productivity, efficiency and protecting the company from any issues that may arise from the workforce. FUNCTIONS OF HUMAN RESOURCE MANAGEMENT Managerial Function Operative Function Managerial function includes 1. 1. Planning This is the primary function to set goals and objectives of an organization. The policies and procedures made to achieve these goals. When it comes to planning the first thing is to foresee the number and type of employees needed to accomplish the objectiv...

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