By I am sure that you already know how important Human Resources is in any organization. But do you know that this field is changing constantly with this ever-evolving world? Hence, it’s important to keep track of the important changes in this field to make sure that your organization runs smoothly. Well, basically, there are 12 key functions in this crucial field. And don’t worry if you don’t know what those functions are. I am going to explain these functions to you and help you understand how they are going to help companies grow in 2024.
Recruitment and Hiring
Well, we all know that the most important functions of Human Resources are recruitment and hiring. Yes, most people who don’t know much about this field often link human resources to this important function. And I am sure that I don’t need to tell you why it is so important. Obviously, if you don’t find the right people for your company at the right time. Your company is not going to operate effectively. Therefore, to run a company successfully, you need people. The human resources department of the company hires these people. Hence, they make sure that the right people are selected for the given role to ensure success.
Onboarding and Orientation
Now, hiring is one thing, but what’s next? Obviously, you need to provide orientation to the hired candidates. To ensure their smooth transition within the organization. You just can’t leave the candidates on their own. There are some formalities that need to be completed. And that is obviously done by HR. So, their job is not finished after hiring them. However, they need to make sure that these candidates settle down successfully in the firm as well.
Employee Relations
Want to know more? Well, another important function of Human Resources is to keep a positive relationship between a manager and their subordinates. Obviously, you just can’t leave workers at the disposal of their manager. Without any checks or balances. So, the HR works like a peacemaker in an organization. And makes sure that everything runs smoothly between employees. They are all ears for every employee. And make sure that they listen to every concern of the workers. And resolve them effectively for them.
Performance Management
So, performance management of the workers is also an important function of Human Resources. Thus, it is the job of HR to set goals for the workers to perform in an effective manner. Not only that, but they perform regular assessments. And evaluate the performance of the workers. They make sure that they offer constructive feedback to employees considering their performance. To assist them in growing successfully in their careers.
Training and Development
Ah, we all know how the world around us is transforming rapidly. Therefore, it’s not enough just to hire the best talent for your company. However, HR must make sure that this talent remains the best. So, it is the job of Human Resources to provide training and development to the employees to keep them updated with the latest trends and information in the industry and help them grow successfully.
Compensation and Benefits
I know what you like most about your company’s HR. Well, it is compensation and benefits, obviously, which is another function of Human Resources. So, they are the ones who are responsible for everything related to your salaries and other benefits. They dispatch your salaries to your account at the end of the month. They are responsible for ensuring that you are availing your other benefits like healthcare according to company rules. So, they make sure that every worker is given a reward for their hard work in the end by ensuring timely dispatching of salaries.
Employee Engagement
Well, in this competitive world, it is quite important to keep your employees engaged to make sure that you retain them successfully for your company. So, HR makes sure that they focus on employee engagement by organizing different activities or seminars. Or by recognizing their efforts and rewarding them for their achievements. So, there are different methods to achieve it; it just depends on the Human Resources and what they prefer.
Diversity and Inclusion
We all have been living in a world, where diversity and inclusion have become a key to success in the business world. So, this responsibility is also put on the shoulders of Human Resources to ensure this in their organizations. Hence, they play an important part in promoting diversity and inclusion within their workplace. By crafting policies and developing initiatives to create a positive environment for everyone with equal opportunities.
Compliance and Legal Matters
Well, we all know that there are certain laws and principles of any company right? It is the duty of HR they make sure that everyone follows these laws and policies in the organization. Well, it is not just about internal matters of the company, but about external legal matters as well. Human Resources ensures that everything is done according to laws and is responsible for everything from health and safety laws to even privacy laws. So, it’s quite tough for HR to take care of everything all at once.
Industrial Relations
You must have heard about the labor unions and stuff. But do you know who deals with all of them and keep a balance in industrial relations? Well, yes, HR also does this. They are responsible for listening to the demands and concerns of labor unions and other industrial matters and ensuring that they resolve them in an effective manner for the smoother functioning of an organization.
Succession Planning
Succession planning is another key function of human resources. So, they are the ones who are responsible for identifying or developing the future leaders for the company. Hence, they make sure that when someone from top management leaves the company, it doesn’t affect the functioning of the company. As they already have someone ready to take over that important role in a company.
Employee Wellbeing
So, finally, employee well-being is another function of Human Resources as well. This function has gained much popularity in the last few years and has become one of the key functions of HR. Hence, this function is now emphasized all around the world. Services like HR assignment help also emphasize this key function of HR considering its importance in the corporate world.
Final Words
In a nutshell, you now know about the 12 key functions of the Human Resource field. Hence, if you are passionate about this field, then you must keep track of these functions and learn how are they going to impact this field in 2024. So, these functions indicate how crucial Human Resources is in any company. They play a key role in that a company keeps on working towards its success without any problems.
