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14 September, 2019

Best human resource practices

The Human Resources Manager guides and manages the overall provision of Human Resources services, policies, and programs for a company. Human resources are important to organizations in innumerable areas, ranging from strategic planning to company image. A good human resource practice is critical to an employee-oriented productive workplace. Professional Employer Organizations (PEOs) employ a team of experts who handle everything from risk management, to payroll, employee benefits, compliance, recruiting, unemployment, and more.

The everyday tasks of a Human Resource Manager include the following:

  • Recruiting and staffing
  • Performance management and improvement
  • Policy development
  • Organization development
  • Employee safety, welfare, health and wellness
  • Employee and company communications
  • Charitable counselling
  • Employee servicing and counselling

Debates about the best practices in human resource occur daily in workplaces but first, let’s list the reasons why HR is important for a business.

  • Strategic Management

Businesses run with people. Human Resource improves the company’s bottom line by searching the best human capital which leads to a company’s success.

  • Wages and Salaries

HR specialists develop realistic structures and models to set the company wages competitive with other similar business competitors.

  • Analysing benefits

The skills and the area of expertise of an HR specialist benefit the organisation by saving money. They’re proficient to negotiate salary, health care and other coverages reducing company’s costs associated with turnover.

  • Safety and Risk Management

Workplace safety and risk management specialists from the HR area manage compliance with Canadian Occupational Health and Safety by maintaining work logs and records, developing models to reduce injuries in a workplace emergency. HR also promotes safety by organizing awareness programs. 

Overall, Human Resource helps run a company run smoothly and efficiently. The importance of HR is easily overlooked in the busy day-to-day in the workplace, but without contributions in each of these areas, the organization would be less successful.

Introduction to best Human resource practice

Best practices are a set of Human Resources Management processes and actions that work universally. The two schools of thought on how to manage people are:

  • The best-fit school states in order to add value, HR policies should align with business strategy. This means to focus on the needs of the company and the employees.
  • The best practice school argues about a set of universal HR processes that leads to higher business practices.

At the same time, there are a large number of best practices that have shown to lead to superior performance for the organization while satisfying the employees. If HR executes these practices correctly, they will add substantial value to the business and its goals.

1. Making a company needs with employee expectation

Employees are very crucial for business success. It is not uncommon for HR to be totally out of touch with employees. That makes employees feel their role is insignificant. Aligning the needs of the company and employees leads to better hiring decisions and encourages an employee to add value and go the extra mile for the company.

2. Recruitment and selection processes

The Second-best HR practice is selective hiring. This allows an organization to bring in workforces who add value. Companies do their utmost best to hire exceptional people because they add the most value to the business.  The difference between an average performer and a high performer is very high.

Bringing in the right people is the key to build a successful business.

3. Providing security to employees

Life is unpredictable and work is a constant aspect that is very vital to most people. Having an employer who enables the employee to provide for themselves and their family is, in essence, one of the important reasons why people come to work. When this employment security is threatened it affects the company as a whole.

4. Employee incentives and compensations

Incentives motivate employees by using productivity as a measure of raise. They try to do their best work for the company. Incentives aren’t always monetary. Social recognition and rewards can also help push people to do more.

Combining good benefits and compensation can show employees the value the company holds. Compensations include vacation days, gift cards, company discounts, profit sharing or stock options.

5. Training and relevant skills

The company should heavily invest in training time for its employees. After hiring the best people, good training will improve their skills exponentially in the field. As the rate at which technology is developing and changing, training has become even more relative today. According to Gallup, younger employees rate learning and personal growth as much more important compared to older generations.

6. Termination

This probably most people know the HR for. Issues that may warrant termination should always be addressed before they reach a roasting point. The following skills are important for HR:

  • Showing Empathy: Informing the employees as to why they are being let go, is very important.
  • Standing Ground: If the employee gets emotional or will say they’ll do better, standing with your decision is the best an HR manager can do.
  • Exit interview: A good exit interview can help emphasize things the organization does well and things they could improve upon. Exit interviews should be conducted face-to-face if not, a survey form can also be useful.

Why AUM growth solutions?

When implemented, these best human resource practice form the basis of good HR Management. However, implementation isn’t easy. Getting help from an experienced firm like AUM with years of expertise can be pretty helpful. Based in Edmonton they are the best human resource company in Edmonton and they provide support through HRO- Human resources outsourcing model. AUM can help boost your organizational performance and productivity with many strategic benefits; like eliminating the redundant non-core functions, increasing cost competitiveness, and helping in maintaining strategic focus. Get a clutter-free life, contact AUM Growth Solutions today.

Get a clutter-free life, contact AUM Growth Solutions today.