Beginners guide is essential for good Human Resource Management (HRM) for all types of businesses. It is necessary. If you are looking for basic information about human resource management, you have come to the right place. In this article, we will talk about the basics of human resource management.
We'll start with a brief explanation of HRM and HR; before diving into the five basics of HR, you need to understand what HR does before concluding on some other technical terms like HRIS.
What is Human Resource Management?
Let's start with a brief definition. Human resource management, or HRM, is the process of managing people to achieve better performance. For example, if you hire people in a business, you are looking for people who will fit the company culture because they will be happier, stay longer, and get more results from those people. There will be those who will not fit into the company's culture.
Another example is engagement. Busy employees are more productive, provide higher quality work and make customers happier. It means we help the company if we can find ways to engage more employees. HR recruitment management has highlighted the same thing: improving its performance through better human resource management. The next question is, who are these human resources?
What is a Human Resource?
Referring to people as 'human resources' may seem a bit strange. Human resources are all individuals who contribute to an organization in one capacity or another. These people make up the company's workforce. They can be permanent employees, for example, but also contractors.
Especially with the rise of the gigantic economy, more and more people are starting to work for a contract-based organization without entering into a traditional wage agreement.
These include independent contractors, workers provided by contract firms, call workers, and temporary aid agency workers.
An independent contractor can contract with the same organization for years, while an agency worker can work for 20 different companies a year. Because these people are involved in the company to a different extent, they join the management, and the organization should also be different.
Besides, the number of people working for the company is growing rapidly. In this case, we are talking about increasing robotization. Robots are increasingly involved in day-to-day operations, and human-machine interactions are essential to this organization's success.
Although these machines are not considered "human resources", it should be a case that they should be included in some way because they are part of the workforce.
Seven HR Basics:
When we talk about human resource management, many elements are considered cornerstones for effective HRM policies. The basics are:
• Recruitment and selection
• Performance management
• Learning and development
• Succession planning
• Compensation and benefits
• Human resource information system
• HR data and analytics