Human resource management (HRM) also referred to as human resources is the process of managing people and systems to support an organization’s goals. It covers activities such as recruitment, interviewing, salary management training, record-keeping and workplace safety. The field also encompasses a range of legal functions which include the compliance with labor and employment laws. HR managers are accountable for implementing and evaluating policies that ensure the ethical treatment of employees.
HR professionals use data to help make decisions regarding compensation and benefits such as bonuses or salary increases as well as to monitor the performance of employees. HR managers need to be aware of developments and legal obligations in relation to these issues, which can change quickly. They often work with other departments to create strategies that meet the company’s larger goals.
Companies that invest in high-performing employees reap higher productivity, sustainability and profits margins. HR teams are accountable to assist employees in reaching their maximum potential by empowering and supporting them. They can use the SWOT analysis method to analyze the strengths and weaknesses of a company’s, opportunities and threats. Then, they brainstorm specific strategies to increase the former, and decrease or eliminate the latter.
A good strategy will take a long time to implement. Unfortunately, pressures on short-term plans like budgets and annual plans could force HR managers to focus on immediate issues rather than long-term goals. Successful HR managers understand the importance of perseverance, patience and persistence.