Need of Human Resource Department

Need of Human Resource Department

For small Enterprises and large multinationals alike, the human resources function is helpful for much more than simply Recruiting & processing payroll. Human resources play an essential role in developing a company's strategy as well as handling the employee-centered activities of an organization.

The supportive effects of these functions are as follows- 

Human Capital Value

Employees are assets to the any Organization. Human capital is the bottom line to companies. HRM handles the human assets of the company.

Recruitment and Selection

This is one of the key responsibility of the human resource team .The HR managers come up with plans and strategies for hiring the right kind of people. A right person with right strategy helps company to grow more. Hiring right means reduced turnover and increased retention. By hiring right you can focus on growing the business not dealing with problem employees.

Performance Appraisals

HRM encourages the people working in an organization, to work according to their potential. The team communicates with the staff individually from time to time and provides all the essential information regarding their performances and also defines their respective roles. Performance appraisals, when taken on a regular basis, encourage the employees.

Sustaining Work Atmosphere

A good working condition is one of the benefits that the employees can expect from an efficient human resource team.

Managing Dispute

In an organization, there are several issues on which disputes may arise between the employees and the employers. In such a circumstances, it is the human resource department which acts as a Consultant and mediator to sort out those issues in an effective manner.

Training and Development

The role of HR in a company is to help develop and train managers to do the best job possible. HR’s role is to advise and assist management on how to manage employees and deal with difficult situations.

Budget Control

Human resources control excessive spending through developing methods for extra workforce management costs. 

Developing Public Relations

The responsibility of establishing good public relations lies with the HRM to a great extent. They organize business meetings, seminars and various official gatherings on behalf of the company in order to build up relationships with other business sectors.

The role of Human Resources is transforming within organizations and businesses around world. The growing trend is that organizations and businesses are considering HR as a Business Partner and not just a support function