- 10 Marks
Question
The successful implementation of corporate strategy depends, in part, on effective management of human resources within an organization.
Required:
Explain FIVE (5) human resource management functions that can help accomplish organizational objectives. (10 marks)
Answer
Human Resource Management Functions:
- Hiring and Recruiting:
- One of the primary functions of the human resources department is to oversee hiring and recruiting within an organization. The department actively recruits, screens, interviews, and hires qualified candidates for open positions. The department administers skills assessment and personality tests to match candidates with the right job within the company. The human resources department also develops employee handbooks that explain company policies and procedures to new hires. Effective recruitment ensures that the organization has the right talent to execute its strategy.
- Training and Development:
- The human resources department handles the training and development of staff within an organization. It creates training programs and conducts training for new hires and existing employees. The human resources department also works in conjunction with department managers and supervisors to determine the training needs of employees. They are responsible for contracts with training providers and monitoring training budgets. Continuous learning and development ensure that employees’ skills and knowledge remain aligned with the company’s strategic goals.
- Handling Compensation:
- The human resources department is responsible for various aspects of employee compensation. The department typically handles employee payroll and ensures employees are paid accurately and on time, with the correct deductions made. Human resources departments also manage compensation programs that include pensions and other fringe benefits offered by the employer. Proper compensation management motivates employees to perform at their best, contributing to the achievement of organizational objectives.
- Employee Benefits:
- The human resources department manages all aspects of employee benefits, including health and dental insurance, long-term care or disability programs, as well as employee assistance and wellness programs. The department keeps track of employee absences and job-protected leave, such as family medical leave. Human resources department representatives ensure employees receive the proper disclosures regarding benefit eligibility or if benefits are no longer available because of a layoff or termination. Comprehensive benefits packages can enhance employee satisfaction and retention, which is critical for maintaining a stable workforce aligned with organizational goals.
- Employee Relations:
- The human resources department handles employee relations matters within an organization. Employee relations involve employee participation in different aspects of organizational activities. The department maintains the relationship between employees and management by promoting communication and fairness within the company. The department also handles disputes between employees and management, as well as disputes between the company and labor unions or employee rights organizations. Positive employee relations help create a motivated and committed workforce, which is essential for the successful implementation of corporate strategies.
- Topic: Marketing, operations and HR perspectives
- Series: NOV 2018
- Uploader: Theophilus