There are several departments that comprise any organisation, firm or industry. These sectors contribute towards overall corporational success and business growth. Amongst these divisions of a particular corporation, it’s the human workforce- employees, leaders, managers, executives, and other personnel that work on strategies, plans and pathways that are decided upon by CEOs and other advisors.
“Nothing we do is more important than hiring people. At the end of the day, you bet on people, not strategies.”
The accurate understanding of HR mentioned above by Lawrence Bossidy highlights the bankable individuals who can help organisations churn out greater profits and take the corporation towards newer heights. Numerous courses of human resources management developed and offered by leading institutes of the country have been instrumental in imparting critical knowledge about this domain. HR management is more than just managing people resources and rather more inclined to utilise people as a “resource”. The talent management online course from XLRI is a brilliant program for learning about the HR department’s different functions.
Understanding the Goals and Functions of Human Resources
If one sifts through the best HR case studies from recent years, there will be a pattern wherein HR managers deploy unique ways for bringing employees closer to achieving corporate’s objectives. The reason for the same being organisational objectives keep on changing, and so does the HR functions. Various courses of human resources management designed by industry experts equip learners with the selective functions and goals laid out by HRM.
Following are the Functions and Goals of Human Resources
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Functions of HR
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Providing Compensation and Benefits
The HR managers deal with the salaries, benefits and other compensation for their company’s employees. HR personnel interact and discuss raises/promotions as well as salary cuts with their employees. Moreover, the HR department negotiates with the insurance rates, retirement pensions and plans, and other monetary benefits with third-party vendors.
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Layout Employee’s Rights and Maintain Healthy Labor Relations
HR managers defend and uphold employee’s rights, coordinate with trade and public service department unions and other functions. Furthermore, the HR sector helps solve disputes and disagreements between employers and their employees, amongst two or more employees, taking steps to avoid workplace harassment and abuse and give a voice to employees.
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Development and Training
Once the new employees and staff members come on board, they need to be trained and developed as per the company’s needs. The HR sector provides a training module for new recruits and offers up-skilling and other development courses to increase their competency. Moreover, once training is completed, the results and progress need to be checked for further insights.
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Goals of HR
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Maintaining Consistent Motivation Amongst Employees
HR managers know that good and talented employees are critical for their organisation and provide extra benefits and incentives to keep them motivated. Companies that put extra focus on work and home life balances lead to stable and profitable organisations. The HR team comes with a well-thought plan for making employees feel motivated while at work.
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Setting up General and Management Policies for the Organisation
Another objective of the HR department is to set up generic and managerial policies for the corporation. Once these policies have been developed, it’s essential for the managers to convey these strategies to the employees and ensure everyone in the organisational structure follows and abides by these policies.
The HR department’s goals and functions are critical for fostering growth and helping businesses maximise their employee’s output. Well-formulated courses such as the talent management online course from XLRI aim to teach these functions and goals to develop successful and well-informed future HR managers that gel well with their employees.
How do HR Managers Bridge the Gap Between Senior Executives and Firm’s Employees?
The world of HR revolves around unfolding the meaning and laying out the purpose of human resource planning in workplace settings. The crux of HR lies in plugging the gap between senior executives and the firm’s employees. The courses of human resources management render professionals with the practical ways of bridging the gap between senior advisors and employees.
Some of them include the following:-
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Focusing on Employee Off-Site Activities and Engagement
Both junior and senior-level can unwind themselves and express themselves better through activities that run outside the workplace scenario. A change of surroundings and informal interactions can pave the way for corporate’s executives and employees to gel together as friends. This leads to open communication, strengthens the relationship and bonding.
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Conducting Half-Yearly Reviews for Appraisals
Companies can make a system for conducting half-yearly salary appraisals to provide feedback. These appraisals meetings are an excellent way for junior employees to get their progress report straight from the senior executives allowing a space for communication between the two. Furthermore, senior employees can better their work ethic and interact with their juniors on ways to increase workplace efficiency.
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Appreciating in Open, Criticising in Private
It’s an age-old saying that “A person who feels appreciated will do more than what is expected.” Senior executives can appreciate outstanding and diligent employees in public, thereby helping employees to perform their tasks in a better manner. This helps in bridging the status quo and makes employees feel at home. Furthermore, employees need to be criticised in private so as not to demoralise them.
Following the tips mentioned above, the gap between C-suite executives and employees can be clogged. The talent management online course from XLRI teaches about other useful tips and techniques for bringing employees and executives closer.
Conclusion
The human capital acts as the treasure chest for any given organisation since they drive and channelise the corporate’s resources and provide a final form for the theoretical modelling and action plans. The department that monitors, controls, scouts and trains the human capital forms the human resources sector.
The HR managers act as the glue that binds executives and employees together. Doing so leads to good relationships and facilitates corporational growth. Enrolling for courses in human resources management such as the talent management online course from XLRI can help aspiring managers lay a strong foundation for their careers.
More Information:
Guidelines For Formulating A Career In HR
How to Find Human Resources Job Opportunities?
How to grow your career in Human Resource Management in 2022?
Professional Certificate Programme In HR Management And Analytics from IIM KOZHIKODE
