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The Fundamentals of Human Resource Management A Guide

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415 views5 pages

The Fundamentals of Human Resource Management A Guide

Uploaded by

ashish.jugran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The Fundamentals of Human Resource

Management: A Guide

Human resources managers are the bridge between an employee and a


company’s management. If you are a human resources manager, it’s important to
understand the specific functions and the fundamentals that make up this role. The
better you’re able to understand the basics of human resource management, the
more you’ll be able to perform your duties with ease. Learn about the functions of a
human resources management position and the answers to common questions
about this line of work.

What exactly are the fundamentals of human


resource management?

Human resource management refers to the management of a company or


organization’s employees and operations. This involves the recruitment and hiring of
employees, their management and the direction provided to these employees. There
are many key functions and fundamentals in regard to human resource
management. They are as follows:

 Recruiting and staffing


 Training and development
 Performance management and evaluations
 Payroll and benefits
 Succession planning

Recruiting and staffing

One of the fundamentals of human resource management is the recruitment and


staffing of new employees. Human resources managers are responsible for
advertising open positions for their companies. Based on the applications they
receive, they choose the individuals they want to interview, conduct interviews and
select the right candidates to hire. In some cases, they may have candidates perform
various assessments to test their abilities related to the job, and they may also
complete reference checks themselves to verify certain information. Essentially, they
are responsible for filling open positions with qualified candidates.

Training and development

Another main function of human resource management is the training and


development of all company employees. Human resources managers help
employees perform at the best of their abilities by offering programs that allow
them to grow and maintain their skills and expertise. This allows them to
improve their performance and efficiency in the workplace.

Performance management and evaluations

Human resource management also involves the evaluation of an employee’s


performance. This is often done multiple times throughout the year and is used to
help foster communication between a supervisor and an employee. Human
resources employees help define company goals and objectives, help employees
utilize performance management software and set meetings to foster these
discussions. This is important because performance management allows
supervisors to determine an employee’s abilities and their potential for future
growth and development. Based on the evaluation, supervisors can help create a
plan for future goals in order to improve an employee’s performance.

Payroll and benefits

Another fundamental area of human resource management is payroll and benefits.


Human resources managers are tasked with creating strategic compensation plans
and negotiating health care benefits for employees. The latter involves making sure
the company adheres to various policies. A competitive compensation plan and
benefits package can be attractive to prospective employees, so it is important for
human resources managers to put together strategic offers to attract and retain
employees for the future.

Succession Planning

Lastly, succession planning is a fundamental area of human resource management


as well. Succession planning involves the identification and development of
employees who can step in and replace certain leaders when they step down
or leave their positions. For example, in the event that a leader retires, human
resources managers should have a succession plan in place that details who
will take their place or succeed them. This is an important role in human resource
management because it ensures that a business will continue to operate smoothly
as leadership changes.

Three Crucial Points: -

In order to better understand the role of human resource management, you need to
familiarize yourself with the three crucial points or areas that make up this position:

1) Recruitment

Human resource management involves the recruitment of new employees. This is


done by posting advertisements about open positions on job boards, social media
and other mediums. Recruiters do this in the hopes of hiring new employees, but the
responsibilities may fall on the hiring manager, depending on the company.
Recruitment also involves staffing. Therefore, not only does human resource
management entail interviewing candidates, but it also involves the management
and onboarding of new hires.

2) Management

A large part of a human resources manager’s role involves managing a company or


organization and its employees. They do this by overseeing daily operations such as
the supervision of team building. They also manage the downline of employees
along with general employee relations. In regard to the latter, human resources
managers aim to mediate any disagreements to avoid legal action, help interpret
harassment laws and more. Overall, they help employers manage their employees
and provide guidelines for what is expected in each team member’s role.

3) Direction
Along with the recruitment and hiring of new employees, the human resources
department provides direction and guidance to a company and its employees. This
includes providing employees with any necessary knowledge, offering training and
coaching to develop their skills and giving them advice regarding work or legal
matters.

Essentially, human resources managers help shape the culture of an organization by


inspiring employees, among their other duties. They ensure that a company’s
mission, values and goals are upheld by guiding how the organization operates.
Overall, human resources managers provide direction in order to maintain
orderliness in their company and ensure employees understand their roles.

Human Resource Management FAQs

Here are some of the most commonly asked questions regarding human resource
management:

What are some key skills needed to work in human resource


management?

Employers should hire employees that have a wide variety of skills in order to
succeed in a human resource management role. Some of the most essential skills
include the following:

 Organization
 Problem-solving skills
 Written and verbal communication Skills
 Decision-making skills
 Negotiation Skills
 Training and developmental skills
 Budgeting skills
Why is Human Resource Management important?

Human resource management is important because it deals with several issues


related to the workplace. It manages compensation, employee training and
development, benefits and compensation, safety and more. Because of human
resources managers, a company’s operations run more smoothly.

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