Oct 12, 20223 min read

Understanding Human Resources by Mr. Vivek Anand

1: What is Human Resource? Human resources (HR) is the division of a company in charge of finding, screening, hiring and onboarding candidates. The vital components of business culture that HR addresses includes compensation, performance management, training and development and reinforcing the company's values. It also develops policies and strategies to retain the employees. Human resource management is, thus, a modern umbrella term for the management and development of employees in an organisation. Managers of human resources plan, organise, and oversee an organization's administrative operations. Hence, in creating, sustaining, and altering an organization's culture, human resources (HR) is a critical component as a firm is only as good as its employees to preserve or enhance the sustainability of the organisation.

2: Why HR is important for every organization Regardless of how intelligent the machines and systems become, management personnel will always be required. The talent you rely on to carry out goals and strategies will, in the end, determine the growth of your organisation. You can't afford to lose focus when your company grows when it comes to the numerous expectations that come with it, especially in the areas of hiring. Hence it is essential to manage employees, the talent, productivity and motivation along with safety & compliance. In order to keep the workforce aligned with the overall business objectives & corporate priorities, HR definitely plays a crucial role. A well-integrated HR team plays a significant role in developing and effectively communicating policies and strategies. Thus, the value of people as a resource cannot be understated, in any business sector.

3: Why every business needs to focus on HR From enhancing employee wellbeing to risk management, HR is a crucial component of any firm. Without effective administration, this complicated line of work would be disorganised and unable to advance over time. Absence of competent human resources management in the businesses would not be able to attract and retain top talent, grow and improve their operations, or maintain a positive, accepting workplace culture. Hence, an effective workforce is the cornerstone of a successful business, and HR management is the glue that ties it all together. For this reason, every business needs a knowledgeable, sympathetic manager or an HR team to oversee the human resources division and understand the dynamic changes in business demands. One of the best ways for a business to assure employee happiness, productivity, and future growth is to have a robust HR team supported by good leadership for business to grow and prosper.

4: How to Identify the right company that can provide Quality HR Services With the studies conducted, there are a set few parameters which are considered. Service delivery performance: A day-to-day operation of processes and systems which establishes the consistency of performance, accuracy of service delivery and a quick problem resolution approach. Service provider agility: This tells how flexible and adaptable the organization is to accept and implement responses to changes Relationship attributes: It talks about leadership, knowledge, proactivity of the HR organization which is providing services. Service Attributes includes feature/ functionality, technology, breadth, the HR Organization has to offer Implementation Performance parameters consists of upgrades, new features, new projects the company has to offer Standards & Compliance Levels Hence, in a nutshell, domain expertise and the ability of HR Organizations to be updated with the current trends will be the crucial factors in determining the quality services it has to offer.

5: Importance of Training and Development. Employee training and development aids in the updating of employees' knowledge and skills for carrying out a job, which ultimately results in an increase in their work efficiency and the productivity of a business. It makes sure that employees' eccentricity is minimised and that learning or behavioural change should occur in a highly structured manner. It creates a highly skilled, motivated and enthusiastic workforce, implements optimum utilization of human resources, increases productivity by improvement in quality of work, builds team spirit, promotes personal growth, effectively increases employee morale, improves the goodwill of an organization and many more.