There are three constants in life — change, choice, and principles.

This applies to human resource management as well. Ranging from retirement, wages to welfare, HR is arguably the backbone of any organisation as it deals with the aspect of human personnel.

Currently, there is an exponential shift in the working model, which is why some may think that HR managers are losing their touch. However, if the HR managers stick to their old-age principles, their growth will be stuck in a rut.

So unless you, as an HR manager or professional, want that to happen, don’t blindly follow HRM principles. Principles change and evolve with time. This is why here are some new age HRM principles you must be aware of. You can pursue human resources certificate courses online to acquire this knowledge, but let’s give you a kickstart.

8 Basic Principles of Human Resource Management

1. Individual Development

Whether it is in terms of personality, skills development, or industry knowledge, HR managers are required to assess the needs of each individual.

In addition, each individual differs in nature, and therefore, their abilities and areas of improvement also vary. HR managers must understand this and seek feedback about their work assignments, personnel policies, and decisions that affect organisational goals. And based on the assessment from all this data, HR managers need to set up each employee for specific training and development programs.

2. Scientific Selection

A system needs to be introduced to ensure the right type of person is hired for the job. And for this, certain techniques need to be adopted. Workers should be selected after careful consideration of the job requirements and assessment of abilities and aptitudes of candidates. This will help avoid wastage of resources and increase productivity.

If you are striving to learn more about these principles, best practices, importance or scope of HRM, consider enrolling for human resources certificate courses online. One such HRM course you can rely on is the XLRI talent management course. Offered in collaboration with Talentedge, this program provides exposure to every intricacy in HRM, ensuring you have a well-rounded education.

3. High Morale

Knock morale of an employee, and organisational productivity goes off the rails.

An employee’s motivation is directly proportional to the sum of interactions with his/her manager. High morale creates cooperative attitudes among workers and makes them committed to the organisation.

Especially during these difficult times, when everyone is on the fence, workers need to be motivated by using every tool in the box. You need to leverage everything from monetary to non-monetary incentives, including wages, bonuses, gratuity, better working conditions, flexible hours, labour welfare, etc.

4. Effective Communication

Communication and collaboration have gone out the window since Covid-19. Everything has gone remote, and communication has taken a huge toll. However, if something’s broken, that doesn’t mean you’ll not try to fix it.

Communication is an indispensable part of running an organisation smoothly. And to do that effectively, two-way traffic must be established, which means liberty must be provided to both parties — management and employees to convey their ideas, opinions, grievances, etc.

5. Dignity of Labour

Who doesn’t like to get a little appreciation every now and then? There are documented studies on human resource management that state how vital recognition and gratitude is for employees.

Let’s experiment. Send out an appreciation email to one of the well-deserving employees and notice his/her productivity during the next week. You’ll see a dramatic increase in their productivity and quality of work.

The results of this experiment clearly state that the work of employees must be duly recognised. And for this purpose, both monetary and non-monetary incentives go a long way.

Striving to learn more ways to recognise employees and communicate their appreciation organisation-wide? Pursue human resources certificate courses online. For instance, the XLRI talent management course not only aims to help you gain theoretical knowledge about these principles but also their practical application, allowing you to be effective at your job from Day 1.

6. Team Spirit

Teamwork is like a boat; it cannot move forward if everyone is rowing their own way.

Your team must feel their joint responsibility towards achieving project or organisational goals. Efforts should be made to let employees feel that their work as a team can not only accomplish project goals but can be a contributing factor towards organisational growth. For this, employees need to collaborate and extend their cooperation to the organisation and not feel competitive or threatened all the time.

An HR manager plays an indispensable role in nurturing this culture company-wide, which is why as an HR professional, you must have prowess in building team spirit.

7. Fair Reward

Employees should get fair rewards for their work. If someone is working exceptionally, he/she deserves to be rewarded for maintaining better relations and increasing the workers’ efficiency.

For this, several organisations conduct performance appraisals to determine their annual increments. In addition, some organisations roll out holiday bonuses at the end of the year based on each employees’ performance. You can leverage these techniques to keep your employees motivated and rewarded, instilling a sense of loyalty, which comes is hard to come by in a world where millennials jump ship in the blink of an eye.

8. Effective Utilisation of Human Resources

Lastly, the most imperative principle of HRM is to utilise human resources in the best manner possible to achieve organisational objectives effectively. Personnel management is an art; it requires getting the work done by people and get the desired result.

However, that does not mean overburdening employees to achieve an impossible target. Ensure human resources are effectively utilised, but productivity will go out the window if they are burned out.

Bottom Line

The principles of HRM need to keep evolving with the changing business environment. Today, it’s Covid-19 that’s affecting the workplace policies, tomorrow, it may be some unpredictable trend. Whatever it is, you need to stay up-to-date. This is where human resources certificate courses online come in handy.

These courses can help you stay abreast of the latest changes and how it is going to affect the workforce. Based on this knowledge, you can make requisite changes to the organisational culture to ensure that productivity stays put.

So what are you waiting for? Scout the internet for the best HRM course online – the XLRI talent management course offered on the Talentedge platform and enrol yourself TODAY!

More Information:

All About Building a Career in HRM

The Functions of Human Resource Management

What does it take to be a Human Resource Manager?

Roles & Responsibilities of HR Managers in Growing Organizations

How to grow your career in Human Resource Management in 2022?