What Is Human Resource Management?
What Is Human Resource Management?
What Is Human Resource Management?
Training and development programs are organized for both new and
existing employees. Employees are prepared for higher level
responsibilities through training and development.
5. Wage and Salary Administration - Human resource management
determines what is to be paid for different type of jobs. Human resource
management decides employees compensation which includes - wage
administration, salary administration, incentives, bonuses, fringe benefits,
and etc.
6. Employee Welfare - This function refers to various services, benefits,
and facilities that are provided to employees for their well-being.
7. Maintenance - Human resource is considered as asset for the
organisation. Employee turnover is not considered good for the
organisation. Human resource management always tries to keep their best
performing employees with the organisation.
8. Labour Relations - This function refers to the interaction of human
resource management with employees who are represented by a trade
union. Employees comes together and forms an union to obtain more voice
in decisions affecting wage, benefits, working condition, etc.
9. Personnel Research - Personnel researches are done by human
resource management to gather employees' opinions on wages and
salaries, promotions, working conditions, welfare activities, leadership, etc.,
Such researches helps in understanding employees satisfaction,
employees turnover, employee termination, etc.,
10. Personnel Record - This function involves recording, maintaining, and
retrieving employee related information like - application forms,
employment history, working hours, earnings, employee absents and
presents, employee turnover and other data related to employees.