The Human Resources department of any organization is responsible for effectively managing its most valuable asset — employees. Their role is to maximize the employees’ efficiency while the organization continues to work towards its overall strategic goals.
Among all the contributions made by them, here are the 6 key functions of the HR department.
Recruitment and onboarding
The most crucial function of the HR Department is to ensure that they are recruiting the right person for the right job by employing a recruitment tracker excel template. The department handles the entire talent acquisition process right from inviting applications, reading resumes, conducting preliminary interviews to selecting the final candidates. While at it, software solutions like Lanteria come in handy so that the entire process is automated.
The onboarding process includes the fresh recruits undergoing the initial training as they start to work on their new jobs.
Managing your employees is a huge task — people stick around only if they are happy. The HR department needs to make the employees feel that all their problems will be heard.
This not only promotes open communication in the organization but also ensures that all the grievances of employees get resolved. Having a cordial and content atmosphere within the firm helps curb resentment.
Compensation and benefits
One of the key jobs of the HR Department is to ensure that they give their employees the best compensation and benefits package. If the employees’ compensation is not competitive enough, there are chances that a firm might end up losing its talent to its competitors.
Financial incentives always act as a motivating factor, and they can certainly help you retain your best employees for a longer period.
Training and Development
Once recruits join a firm, the necessary skills to get the job done will have to be imparted. Training and development follow a different approach.
- Training often includes the necessary training modules that the employees have to be made aware of, ranging from cybersecurity to sexual harassment training.
- On the other hand, development includes the programs crafted to improve the current skill set of the employees. These programs help them grow on a personal level and contribute better to the business.
Every decision made for the employees needs to be assessed in terms of the implications it has on both the company and its workforce. Whether it’s a new development program, a new team-building task, or any other corporate policy, all associated risks must be carefully identified, analyzed, and evaluated before execution.
This will help protect the organization from any possible corporate lawsuits, labor laws disputes, or litigation. Besides, risk analysis goes a long way in assisting businesses in making calculated decisions. Therefore, an HR professional must have innate experience in the specific industry to improve decision-making. For this, performance evaluation tips can help HR professionals make the most out of their job.
The HR department is often assigned the task of designing and drafting the corporate policies for the company. They may range from drafting suitable workplace conduct to deciding the company dress code.
The primary intent of these policies is to ensure that every employee in the organization is aware of what is expected of him/her.