Organizations and corporations are multifaceted. Such complexity within a business necessitates the need to strategic approach to the management of the employees, whose task is to enable the business to achieve its objectives. Human capital is an imperative asset of an organization and proper use of a potent assent can construct a successful and resourceful organization. In an organization, human capital can make or break an objective or a strategy. The human resource department is the most important department of an organization. Almost all activities directed at attracting, developing, and maintaining effective workforce are implemented in this department. The functions of human resource management are, but are not limited to, hiring the right candidates, at the right time, and at the right price. It also involves training the existing employees, motivating them to give the best to the organization, resolving conflicts, discipline the employees who violate the organization’s rules and regulation, as well as downsizing of the staff strength. Managing human resource is difficult as the job deals with solely installing the organizational culture into employees and keeping them happy in the work environment. In essence, this can be accomplished in theory, but is quite difficult in practice.
The different aspects of human resource management can be broadly categorized into recruitment and selection, performance management, benefits and compensation, disciplinary and grievances, labor relation, and manpower planning. Recruitment involves the process of advertising job through magazines, newspaper, headhunting, employment agencies, internal sourcing, and organization’s newsletter. The purpose of recruitment is to attract as many candidates as possible, to enable the organization pick the most talented and motivated workers.… Read the rest