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The Human Resources department manages the company policies and aids in the creation of the employee handbook.
As a result, the overall workplace environment and employee satisfaction depend on the efficiency of human resources managers.
Key HR functions include selection and recruitment, training employees, benefits administration, employee performance management, etc.
These activities are crucial to attract, develop, and retain a high-performing workforce.
However, HR as a department is focused on who is the team that is performing the functions.
Recognizing employees contributions also keeps them motivated.
HR is also a platform through which employee voices are facilitated through suggestion programs and collaboration ventures.
This, in turn, increases productivity and reduces the scale of attrition.
HRs also use multiple (and relevant) sources to find the best talent tool.
When employees have a strong relationship with the company, job satisfaction increases.
For example, suppose the HR team in a factory sets up an employee assistance program.
Apart from fair compensation, employee benefits are essential in improving overall employee satisfaction.
Of course, the benefits offered would vary depending on the company.
Furthermore, it promotes an ethical and positive work culture.
Thus, effective human resources management reduces frustration while motivating employees towards further productivity.
Core Functions of HR
The HR teams main prerogative is to manage the human resources.
Human resources mean people or the human capital of the organization.
Talent Acquisition
The foremost and most integral element in core HR functions is the acquisition of qualified candidates.
Mentoring and coaching are ways experienced employees can pass on their valuable knowledge to their juniors.
The market research factors in the differences of roles as well as locations.
Through this, employees feel respected, valued, and engaged.
They promote open communication between employees and managers through regular meetings, feedback, and surveys.
Through this, employee morale and a sense of community are boosted.
Grievance address, too, is another aspect that the HR team looks after.
They are responsible for establishing grievance procedures for fair, timely, and confidential concerns addressal.
To maintain a positive work culture, they resolve and investigate grievances.
For employees with personal or professional challenges, the HR team provides support and resources for better career paths.
Diversity, equity, and inclusion
Diversity, equity, and inclusion are no longer ideal for organizations.
For example, suppose a company is criticized for not having diversity in its management or leadership positions.
The company can rectify this by becoming more inclusive.
To prevent the chances of costly penalties, HR departments have to be on their toes.
For example, companies must update their employee handbooks regularly to comply with laws regarding wages or leaves.
Managers are provided training as to the management of such remote teams.
All these increase the importance of data-driven HR decisions.
While artificial intelligence cannot replace HRs, AI will help automate tasks.
This will improve not only the speed of the process but also overall efficiency, performance, and productivity.
Furthermore, positively engaged employees are 8 for likely to continue at the same company[2].
They have the same possibility of gaining a promotion while being less likely to quit[3].
Increasing Importance of Data-Driven HR Decisions
Data is not just information, its a revelation.
If you use it sensibly, you could build businesses that will change the world.
Predictive analytics is a good way to forecast future HR needs and identify potential risks.
