Simply put, human resources are the individuals who make up the workforce of an organization. People capital is still how businesses compete and remain the most important part of growth.
I believe in putting employees first, then customers, then management in the needs hierarchy. In our experience, this is how top organizations continue to win. To do so, the best companies focus on ensuring direct support in four key areas:
- Develop strategic capabilities
- Perform everyday job activities
- Train on trends and best practices
- Manage career growth
Companies that do this improve performance and retention while driving sales and profit growth. HR Managers are vital to growth, which means hiring and incentivizing these “partners” correctly since they typically deal with so many of the heart beating functions within the organization.
- Determine needs of the staff
- Recruit, hire, and train employees
- Manage employee relations, unions and collective bargaining
- Prepare employee records and personal policies
- Ensure high performance
- Manage employee payroll, benefits and compensation
- Ensure equal opportunities
- Deal with discrimination
- Deal with performance issues
- Ensure that practices conform to various regulations.
- Push the employees’ motivation.
Bottom Line: Companies need people to grow, and human resources is the crucial component in workforce culture and overall business success.