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Human resource management plays a critical role in the business progress as it handles the essential resources of the company. We can argue that a set of universally applicable HR processes leads to improved business performance.
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Top-Notch Techniques for Improving Human Resource Management
Surefire techniques of human resource management involve processes and universal actions. In our HRM research, we might come across novice methods and strategies that serve well for some companies, but do they fit all organizations? There are two schools of thought on how human resource management works best - the best fit and the best practice.
Adding more value to the business has always been an integral part of growing businesses. The best fit school also states the same notion; human resource policies should align with business strategy and complement it from all angles. Most importantly, HR should focus on the requirements of both the parties - The organization and employees.
Human resource management plays a critical role in the business progress as it handles the essential resources of the company. We can argue that a set of universally applicable HR processes leads to improved business performance.
According to its proponents, certain bundles of HR activities support companies in reaching a competitive advantage regardless of the organizational setting or industry. There are a lot of studies that attest to this theory. We can table the extensive scientific debate for later; on the merits and flaws of each approach. While discussing the broader spectrum of HR techniques, the truth often lies somewhere in the middle. Also, the HR strategy and subsequent HR activities should work harmoniously with the organization's strategy for optimum efficiency.
Provide Security for the Employees Providing employment security might seem quite simple to organizations, but from an employee perspective, it is huge. Not to mention, some employees are the only breadwinners in their families. It is crucial not only for employees but also for the organizations; it can drastically improve attrition rates and employee retention.
Be Particular About the Hiring Process Emphasizing the hiring process will surely provide a lot of gains to the organization. It enables an organization to bring in employees who add value. It is not a big deal to find a candidate who fits the job's skill set required. More important is finding someone who adds more value to the business.
Self-Managed and Impactful Teams Everyone knows that teamwork is crucial for achieving goals faster. People are stronger when they work together. "A company is just like an enormous clock, and it only works when all the cogs mesh together." A phrase from Mr. Incredible fits the explanation perfectly in this case.
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