Why Is Human Resource Management So Important?
An organization cannot create a good team of working personnel without good Human Resources. Human Resource is an essential part of any organization, as it plays an operative role in almost every area of an organization. The principal focus of the Human Resource is to keep the organization active, strong, successful, functional and free from costly litigations, from lawsuits through sound policies and actions for handling personnel matters. Human Resource Management comprises of professionals whose main objective is to ensure that the organization is being run effectively with less cost and more convenience. The Human Resource Management is important in the running of an organization for a lot of reasons, here are some.
Human Resource Management helps in the monitoring of employee’s performance through evaluations performed on each employee at intervals. For example, most businesses use yearly reviews to evaluate the performance of its employees, which gives specific ideas about what they can do to improve their performance throughout the next year. And through evaluations, bonuses, raises, transfers, promotions and demotions are determined.
Human Resource Management is important because it can assist managers with strategic hires, meaning hiring right and not hiring problem employees. Hiring right, means finding a high potential candidate who can do more than an average employee can and then being able to persuade them to work for you. And, train new hires such as safety classes or customer service courses, to make sure that the staff is properly educated.
Human Resources check excessive spending through creating strategies for reprimanding workplace management costs, which includes negotiating better rates for benefits. In addition, human resources guarantee competitive and accurate wage setting based on examining the labor market, employment inclination and salary analysis based on job functions.
Given the deference of personalities, work styles, backgrounds and level of experience amongst employees, makes workplace conflict inevitable. A human resource personnel trained to handle employee relations can identify and settle clashes or misunderstanding between employees or a manager and an employee, and reestablish working relationships.
Human Resource Management ensures the workplace abides by the organization’s philosophy and principles. The human resources ensure that the employees follow and maintain the rules and regulations governing the activities of the organization to attain greater heights through effective and efficient management.
A good working condition or culture that prevails at the workplace is one of the many benefits employees can expect from an efficient human resource team. A friendly and conducive working environment can bring out the best in an employee and give the staff members job satisfaction as well.
The Human Resource Management organizes seminars, meetings and various official gatherings on behalf of the company to establish relationships with other business sectors thereby developing good public relations for the organization. And they also play a role in preparing marketing and business plans for the organization.
Every organization both small or large enterprises need the existence of the Human Resource Management in managing its regular activities in order not to suffer from serious problems which may arise because of inefficient and ineffective management of the company or organization.