A company’s capital is divided into two broad categories –
Human Capital and Product or Service capital. One is when the company spends
money in terms of salaries and benefits for hiring and retaining employees and
the other one is when the company spends money on the product or services they
provide.
To get the best you need to give the best – thus is the
motto of any working professional. While the need to be in a constant growth – It
is the employee that plays one of the most important parts in the company;
hence a group of professionals are hired, whose main endeavor is to keep the
companies policies and their resources up to the mark.
Who is an HR?
Human Resource Management is a broad category that contains
everything that deals with managing the company’s human capital. The
professional team that overlooks the organization’s human capital or human
resources is termed as the human resource department. The people who are part
of this team are termed as HR. An HR’s main endeavor is to maximize employee’s
performance to achieve the goals that the company has set.
Why does a company
need an HR?
From a corporate point of view, employees are viewed as
assets to the organization and their value grows over time. A good organization
engages in a wide range of HR management tactics so that the organization can
capitalize on these assets.
Qualities of an HR
1.
Skilled
Influencer: An HR should have the capability to influence their prospective
employees and also retain their current employees. One has to agree to the fact
that there are plethora of job opportunities out there and in today’s day and
age if employees are not satisfied with their working environment – they don’t
think twice before quitting. So when you know the possibility of an inhospitable
environment, the HR needs to have the power to influence and make sure that the
environment is healthy and the employees are happy.
2.
Credible:
Your word should be written in ink. You cannot say anything that has no stand.
Especially when you are hiring employees. Your word has to be credible and should
be valued by all.
3.
Open to
Challenges: You should be a keen observer in the office. Understand what is
going around and where things might get dicey. You cannot be authoritative, but
still somehow manage to balance out the situation.
4.
Innovator:
As an HR you have to find out new ways to incorporate team building and
employee engaging activities.
Roles of an HR in
a Company
1.
One of the main objects of an HR is the process
of hiring and terminating. Finding
new talents, making sure that the present employees are working up to their
mark etc.
2.
Each company has their own set of employee codes and policies. The HR’s
duty is to see that it is being followed through.
3.
Most countries have their own set of labor laws that every organization has
to follow. Following Government Laws and labor Relations and incorporating them
into the companies organizational structure is an HR’s duty.
4.
Stating employee’s
payrolls and benefits are also part of job description of an HR.
5.
Keeping a hospitable
environment so that the current employees retain their jobs and work as
efficiently as before – is an unsaid duty of an HR.
6.
Apart from the main KRA’s of an HR, they also
need to do team building activities,
so that no matter how many teams are there in a company – once in a while they
get to mix and mingle so that team bonding grows.
7.
At the end of each financial year appraisals and performance based appreciation
awards are awarded. The HR creates rankings on based of
which employees are rated and in turn apprised.
Educational
Qualification of an HR
Most of the reputed companies do not hire HR employees
unless they at least have an MBA
degree in HR. The main reason for this is, that while you are undergoing an
educational qualification like a master’s in business administration the
practical and the theoretical knowledge that it bestows upon you, helps you to
be a competent HR.
People might assume that being an HR is all easy; all they
do is hire and fire people. But it is exponentially more than that. The
recruitment process is just one component in the KRA (key responsibility
area’s) of their job description. The rest is all about how to retain the
employee and keep them happy and content.
An HR is the person who hires you, fires you, pays you, rewards
you, applies company policies etc. They are the ones that maintain the perfect
balance between the employees and the managers. Like most departments, the HR
team also is divided into levels – from junior level HR’s to the HR Head.
Anyone who joins this team has an equal chance of climbing up the ladder to reach
the top.
Author Bio:
Trisha is a professional writer and
adviser on education and career. She is an ardent reader, a traveler and a
passionate photographer. She wants to explore the world and write about
whatever comes across her way.
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