Module 13

• Human Resource Management

  focuses on principles, methods, and technologies that are used to improve the productivity of an organization.
• HRM is a management function concerned with hiring, motivating, and maintaining people in an organization. It focuses on people in organizations.
• COMPENSATION

  Monetary payment given to employees in exchange for their work, typically in the form of wages or salaries.
• BENEFITS

  Non-monetary rewards or provisions offered to employees in addition to their compensation, such as health insurance, retirement plans, and paid time off.
• Budget Control

  The HR department develops methods for trimming the costs associated with workforce management. This helps curb excessive spending and saves the company money in the long run.
• Employee Satisfaction

  HR team has the responsibility of determining whether employees are satisfied, not only with their supervisors but also the job and related duties as well.
• Training and Development

  It is important to ensure that all employees have the qualifications and skills necessary to meet the demands of a position.
• Conflict Resolution

  Given the diversity of work styles, personalities, levels of experience and backgrounds of employees, it’s a given that arguments and disagreements will happen.
• Performance Improvement

  Without a human resources specialist to construct a plan that measures employee performance, employees may end up in jobs that aren’t suitable for their expertise and skills.
• Recruiting New Talent

  In many organizations, HR professionals are responsible for recruiting new talent. They might use social media to share job postings or employee testimonials.
• Hiring New Employees

  HR is responsible for screening applicants to make sure only those who meet the requirements are considered for the job.