Human Resource Management (HRM) is considered as major part of organizations of all sizes, so it is necessary to have well-trained HR professionals in a team.
FREMONT, CA: Good Human Resource Management (HRM) has become an essential element for organizations of all sizes. Human Resource Management boils down to optimizing company performance through better management of human resources.
Here are a number of elements that are considered cornerstones for effective HRM policies:
Recruitment & selection
The most noticeable elements of HR are recruitment and selection. It’s the responsibility of HR to select the best candidate to come and work for the company. People are the lifeblood of the organization, and finding the best fits is a crucial task. When a new job is created, the request for new employees starts. The direct manager then sends the job description to HR, and HR starts recruiting candidates. In this process, HR can use different selection instruments to find the best person to do the work. These include interviews, various assessments, reference checks, and other recruitment methods. Sometimes, when there are a lot of candidates, HR may deploy tools. The successful candidates then continue to the next round, where they are interviewed and receive a more in-depth assessment.
Performance management becomes essential when the employees are on board. Performance management is the other HR basic. It helps workers to give better performance. Performance management is a structure that enables employees to get feedback on their performance to reach a better performance. Successful performance management is very much a shared responsibility between HR and management, where usually the direct manager is in the lead and HR supports. Proper performance management is crucial, as employees who consistently underperform may not be a good fit with the company and culture and may have to be let go.
Compensation and benefits
Compensation and benefits are other basic of HR. Fair compensation is vital in motivating and retaining employees. Compensation can be split up in primary compensation and secondary compensation. Primary compensation involves directly paid money for work, which often is a monthly salary and sometimes performance-based pay.
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