Role Of Human Resource Management In Todays Business World
Human resources are one of the most important features of many businesses, especially in an economy where there is an increasing shift towards service-based industries.Human resources account for a large proportion of many businesses costs and it is the people that invariably drive a business.
Management of these resources therefore is an integral part of business success. The main aim of this unit is to develop an understanding of how management functions can affect the performance of business. The measure role of human resource management are as follows :
1. Reduce absenteeism : if staff are absent from work they are not able to carry out the function for which they have been employed. In many businesses, these functions have to be taken on by someone else- if not, the customer could suffer. Reducing absenteeism is an important feature of human resource management.
2. Motivate the staff : motivation is an important part in reducing staff turnover and minimizing staff absenteeism. Motivation can be done by work environment and work atmosphere. Motivation is done by creating interest in the job of the staff by taking suggestion schemes, and giving out some gifts for best suggestion will definitely motivate the staff.
3. Team work : many business places gives more importance to team work. A good team consists of people with different skills, abilities and characters.
4. Recruitment and Selection : when candidate apply for a job, a business will have to make a shortlist and draw up plans for the interview process. After shortlisting their is psychometric tests conducted. Psychometric tests means 3 types of tests i.e ability test, personality test and interest test. Finally the selection is conducted.
5. Providing training programmes for the staff : the main role of human resource management is to provide its staff with training programmes on the current topics with which they can develop themselves with the present situation.
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