In the business, there are experts to oversee and advise you on various areas and departments. For example, your Chief Financial Officer’s sole purpose is to keep their eyes on the financial functions and make a decision for the company. Without good accounting and insight on your cash flow, investments, and balance sheet, you risk making poor business decisions and potentially going out of business.Likewise, there are many reasons why the role of Human Resources Management (HRM) in a company is important to its survival and success. The reasons why Human Resources Management is important can vary depending on if you look at the issue from a manager or employee. A company cannot build a good team of working professionals without good Human Resources. The key functions of the Human Resources Management include recruiting people, training them, performing appraisals, maintaining work atmosphere as well as managing disputes, developing public relations and much more. Without good employees, the best business plan and ideas will fail. The importance of these functions are discussed in our presentation, we will help you better understand the essential role of Human Resources Management in the company.In our presentation, we have collected data by searching for information in the reports, magazines, Internet related to Human Resources Management.
Group 5: The Importance Of A Good Human Resources Management I Opening In the business, there are experts to oversee and advise you on various areas and departments For example, your Chief Financial Officer’s sole purpose is to keep their eyes on the financial functions and make a decision for the company Without good accounting and insight on your cash flow, investments, and balance sheet, you risk making poor business decisions and potentially going out of business Likewise, there are many reasons why the role of Human Resources Management (HRM) in a company is important to its survival and success The reasons why Human Resources Management is important can vary depending on if you look at the issue from a manager or employee A company cannot build a good team of working professionals without good Human Resources The key functions of the Human Resources Management include recruiting people, training them, performing appraisals, maintaining work atmosphere as well as managing disputes, developing public relations and much more Without good employees, the best business plan and ideas will fail The importance of these functions are discussed in our presentation, we will help you better understand the essential role of Human Resources Management in the company In our presentation, we have collected data by searching for information in the reports, magazines, Internet related to Human Resources Management II Body Some definitions in the topic The first, we understand what is the human resource, the human resource management 1.1 Human Human: Refers to the skilled workforce in the organization 1.2 The Human Resources This is the division of a company that is focused on activities relating to employees These activities normally include recruiting and hiring of new employees, orientation and training of current employees, employee benefits, and retention Formerly called personnel 1.3 The Human Resources Management The Human Resources Management is the process of recruitment and selecting employee, providing orientation and induction, training and development , assessment of employee (performance of appraisal), providing compensation and benefits, motivating, maintaining proper relations with employees and with trade unions, maintaining employees safety, welfare and healthy measures in compliance with labour laws of the country Functions and Missions 2.1 Building an organization culture Some organizations say that human resources own the culture, as in all other employee relations matters I recommend all employees owns the culture the same Avoiding favoritisms and cliques Leaders will be respected by treating staff the same Colleagues always show each other’s weaknesses and give each other useful advice The truth is that building the culture of justice and civilization within an organization will bring higher profits 2.2 Creating a talent staff Human Resources have to devise rules and criteria for hiring people who are right for the job Good HRM also involves motivating employees by encouraging staffs to work to their full potential and providing information on the performance of their work The goal of a manager is developing and improving employees From that, good HRM will create a talent staff who helps the organization so much 2.3 Recommending a suitable market-based salary Employees can propose a reasonable and satisfactory salary level for the work that they contribute to the organization And based on the company’s profits and the incentives granted, they have the right to receive those funds If the employees receive the right salary and suitable for the market, their productivity will be high 2.4 Developing good relations Establishing cordial relations lies with the Human Resources to a great extent You shouldn’t jump to conclusion before listening to all sides Making sure you are consistent in how you handle conflict across the organization There are two sides to every story, keep calm, shouldn’t be impatient to conclude something and keep up the good working relationships in each other 3 The importance of a good Human Resources Management 3.1 Recruiting and Training This is one of the major responsibilities of the human resource department The Human Resources Management comes up with plans and strategies for hiring the right kind of people They design the criteria which is best suited for a specific job description Their other tasks related to recruitment include formulating the obligations of an employee and the scope of tasks assigned to him or her Based on these two factors, the contract of an employee with the company is prepared When needed, they also provide training to the employees according to the requirements of the organization Thus, the staff members get the opportunity to sharpen their existing skills or develop specialized skills which in turn, will help them to take up some new roles 3.2 Performing appraisals HRM encourages the people working in an organization, to work according to their potential and gives them suggestions that can help them to bring about improvement in it The team communicates with the staff individually from time to time and provides all the necessary information regarding their performances and also defines their respective roles This is beneficial as it enables them to form an outline of their anticipated goals in much clearer terms and thereby, helps them execute the goals with best possible efforts Performing appraisals, when taken on a regular basis, motivate the employees 3.3 Maintaining work atmosphere This is a vital aspect of HRM because the performance of an individual in an organization is largely driven by the work atmosphere or work culture that prevails at the workplace A good working condition is one of the benefits that the employees can expect from an efficient human resource team A safe, clean and healthy environment can bring out the best in an employee A friendly atmosphere gives the staff member to feel satisfaction as well 3.4 Managing disputes In an organization, there are several issues on which disputes may arise between the employees and the employers You can say conflicts are almost inevitable In such a scenario, it is the human resource department which acts as a consultant and mediator to sort out those issues in an effective manner They first hear the grievances of the employees Then they come up with suitable solutions to sort them out In other words, they take timely action and prevent things from going out of hands 3.5 Developing public relations The responsibility of establishing good public relations lies with the HRM to a great extent They organize business meetings, seminars and various official gatherings on behalf of the company in order to build up relationships with other business sectors Sometimes, the HR department plays an active role in preparing the business and marketing plans for the organization too Any organization, without a proper setup for HRM is bound to suffer from serious problems while managing its regular activities For this reason, today, companies must put a lot of effort and energy into setting up a strong and effective HRM Dfree Vietnam Company Training and Consultancy Company Address: Head office: No 3A, 34 alley, Hoang Quoc Viet street, Cau Giay district, Ha Noi, Viet Nam Branch: No 36, Pham street, Cau Giay district, Ha Noi, Viet Nam The company operates in the field of soft skills training and self development for Vietnamese students Organizational structure: CEO Business Department Acounting Department Administrative Personnel Department Training Marketing Effective employee management is the boss's top priority and brings benefits to both parties The boss succeeds in his role and the employee works more productively, more enthusiastically To manage good corporate HR staff did the following: 4.1 Setting up an employee Setting up an employee goal is not just paper work but it requires you to develop and implement a regular supervisory and support process in the workplace Company leaders need - Determine employee interest - Adjusting business goals and expectations - Discuss with staff about the goal - Identify resources to support - Monitor the work process and work efficiency of employees 4.2 Learn to listen and understand others The secret to success in leadership know how to communicate and evaluate your employees correctly It is the most challenging part of managing many professionals in the transition from a friend to a control position When establishing a relationship with a new team, it is important to be forthright and honest 4.3 Regulations concerning rewards and punishments Give reward to employees for their good work and dedication Employees will also be moved by the rest of the world to watch World Cup matches, or take part in interesting extracurricular activities, or simply have lunch served free of charge They will be happy to be valued and will work harder and more effectively On the contrary, employees will be punished when they make a mistakes or fault during working hours 4.4 Company culture Factors such as professional ethics, rituals, cooperative methods, and warnings are something that employees want to know because they directly affect their day-to-day operations In addition, the boss should make sure everyone is working towards a common goal, giving them confidence and communicating openly 4.5 Discipline Measures Creating a development company can not fail to mention discipline as well as rules in a company In order to develop together, employees in the Company adhere to discipline and maintain discipline III Closing Any organizations, without a proper setup for Human Resources Management is bound to suffer from serious problems while managing its regular activities Effective hiring and training practices, creating employees who are motivated and rewarded for their hard work, and maintaining a good relationship between employees and the company are all results of good Human Resource Management Even for small businesses, managing the Human Resource aspect of the business is very important, and can only be done through good Human Resource Management For these reasons, today, companies must put a lot of effort and energy into setting up a strong and effective Human Resources Management Reference Material http://www.humanresourceexcellence.com/importance-of-human-resource-management/ https://www.thebalance.com/what-is-the-importance-of-human-resources-management1917588 http://www.payscale.com/compensation-today/2009/04/why-is-hr-important http://www.whatishumanresource.com/human-resource-management Contents ... Recommending a suitable market-based salary Employees can propose a reasonable and satisfactory salary level for the work that they contribute to the organization And based on the company’s profits and the. .. motivated and rewarded for their hard work, and maintaining a good relationship between employees and the company are all results of good Human Resource Management Even for small businesses, managing... up a strong and effective Human Resources Management Reference Material http://www.humanresourceexcellence.com /importance- of- human- resource -management/ https://www.thebalance.com/what-is -the- importance- of- human- resources- management1 917588