For organizational success, an entity needs a robust Human Resource Management Strategy. Every organization has its obvious mission of becoming the most profitable organization and without competent, self-motivated and skilled workforce it will not be able to accomplish its mission. Human capital is the most important asset of an organization and it is one of the key factors among other factors of production.
The main objective of an organization human resource management strategy is to attract, recruit, maintain and develop a competent workforce that ensures the future staff needs of the organization. Human Resource management is basically the acquisition, upgradation and development of the entity personnel and aligning the workforce individual objectives with the overall aim of the organization. Continue reading “Key Steps to Develop HR Management Strategy”
Recruitment and Selection. This refers to the processes and procedures in order to guarantee the recruitment and deployment of the appropriate combination of people who can ensure efficient contribution to the firm or organization.
Training and Development. This is considered as a combined role which is usually referred to as HRD or Human Resources Development. This intends to aid develop human resources so to remain competitive in the business or marketplace.
Training concentrates in executing various activities so to help develop workers for their present jobs. On the other hand, development pertains to preparing workers for future responsibilities and roles.
Performance Management. This is all about the culture that bolsters the continuous development of the processes in the business as well as those of an individual’s behavior, skills and contributions. Continue reading “Key Functions of HR Management”