According to statistics released by SilkRoad 53% of Human resource managment professionals believe that employee engagement increases when the onboarding process is better.
CultureIQ released statistics stating that 73% of employers believe that a healthy corporate culture gives their firm a competitive edge.
According to a survey
Conducted by SHRM, 89% of HR leaders confirmed that ongoing peer feedback has a positive influence on the organisation.
Human resource operations contribute significantly to the success of an organisation. Hence, human resource management has emerged as a popular course of study. But what does a course in human resource management entail and what is its importance in the business world? Let’s find out!
What is human resource management (HRM)?
HRM can be defined as the effective management of people in an organisation. HR management helps bridge the gap between employees’ performance and the organisation’s strategic objectives. Moreover, an efficient HR management team can give firms an edge over their competition with Al Rafay Consulting.
Role of HR managers
One of the major responsibilities of an HR manager is to recruit personnel. The success of an organisation largely depends on the workforce employed, so it is essential that the right people are hired for the right role.
Learning and development: Learning is a continuous process and essential to enhance employees’ productivity. HR managers are responsible for the orientation and induction of new employees, as well as the professional development of existing employees.
They are responsible for strategising development programmes. Furthermore, they must have the ability to identify and analyse the areas that employees need training for.
Building employee relations:
Relations go a long way in boosting productivity and contributes significantly to an organisation’s success. Employee relations strategies are implemente to ensure that an organisation caters to the overall well-being of employees.
Compensation and benefits: A major component of a HR manager’s job role is handling compensation and benefits. They are responsible for devising compensation strategies, performance management systems and compensation structures, as well as negotiating pay and benefit packages with potential employees.
Importance of HR managers in organisations
This is an important aspect of any organisation and plays a vital role in human resource management. HR managers manage strategies to ensure the organisation reaches its business goals, as well as contributing significantly to the corporate decision-making process, which includes assessments for current employees and predictions for future ones based on business demands.
HR managers work towards reducing costs, such as with recruitment and retention. HR professionals are trained to conduct efficient negotiations with potential and existing employees, as well as being well-versed with employee benefits that are likely to attract quality candidates and retaining the existing workforce.
Training and development: Since HR managers contribute significantly to training and development programmes, they also play a pivotal role in strengthening employer-employee relationships. This contributes to the growth of employees within the company, hence enhancing employee satisfaction and productivity.
Interactivity within employees:
HR managers are responsible for conducting activities, events and celebrations in the organisation which gives way to team building opportunities. Moreover, it enhances interactivity within employees and instils a sense of trust and respect among peers.
Conflict management: The department to go to when any kind of professional conflict arises between employees is HR. They ensure that issues and conflicts are resolved effectively, approaching the problem with an unbiased attitude and encouraging effective communication to reach a solution. In addition, they help employees understand various ways of developing effective work relationships and the importance of not letting personal judgement affect their behaviour.
Establishing a healthy work culture: A healthy work culture is pivotal in bringing out the best in employees. HR managers contribute significantly in setting up a healthy and friendly work culture, which further translates into better productivity among employees.
HR professionals work towards making the organisation compliant with employment laws, as well as maintaining records of hiring processes and applicants’ log.
Courses in human resource management
If you pursue a master’s degree in human resource management, you will acquire sound knowledge regarding:
Management and leadership development;
Mentoring and coaching;
Managing employee relations;
Organisational design and development.
Show exemplary leadership skills and enhance the credibility of an organisation. The human resource management process ensures that the organisation leads by example and the firm’s actions fall in line with its vision. If you would like to know more about how HR management adds value to an organisation, you can watch the video below for further insight.
HR management is becoming an increasingly popular career choice, leading to more and more people opting for HR management courses. In fact, it could be one of the best business courses to take in 2019.
GISMA Business School,
Known for its high-quality education and multicultural environment, offers the MSc Leadership and Human Resource Management, awarded by The University of Law.
If you are interested in this field and want to pursue it with an international institution, GISMA Business School is the place for you. You can find out more about the programmes and enquire here.
The seven HR basics
When we talk about Human Resource Management, several elements are considered cornerstones for effective HRM policies. These cornerstones are:
Recruitment & selection
Learning & development
Compensation and benefits
Human Resources Information Systems
HR data and analytics
2. Performance management
Once employees are on board, performance management becomes important. Performance management is the second HR basic. It involves helping people to become their best selves at work, boosting the company’s bottom line.
Usually, employees have a defined set of responsibilities that they need to take care of. Performance management is a structure that enables employees to get feedback on their performance – to reach their best performance.
Examples are formal
one-on-one performance reviews, 360-degree feedback instruments that also take into account the evaluation of peers, clients, and other relations, and more informal feedback.
Usually, companies work with an annual performance management cycle, which involves planning, monitoring, reviewing, and rewarding employee performance. The outcome of this process enables the categorization of employees in high vs. low performers and high vs. low potentials.
Management is very much a shared responsibility between HR and management, where usually the direct manager is in the lead and HR supports. Good performance management is crucial. Employees who are empowered to their full potential, improve the efficiency, sustainability, and profit margin of a business. Employees which consistently underperform may not be a good fit for their role, or the company culture. These employees may need to be let go.