7 Excellent Functions Of Human Resource Management You Should Know

Functions of human resource management were never this popular before, and not many people were concerned about this before! So, what changed through the chapters of the time? And how people have realized, that Human Resource Management (HRM) is a cornerstone of any successful organization?

There is no doubt that functions of human resource management are more than critical to managing as well as optimizing the most valuable asset of any company—its people! And to be honest there are ample key functions of human resources management that can shock even the HRs of big companies!

However, we may not talk about every one of them in this blog, but we’ll tell you about those seven excellent ones that every HR professional should be aware of. Moreover, as an HRMS service provider ourselves, we will highlight how attendance software plays a vital role in enhancing these functions of human resource management, ensuring seamless operations and a productive workforce.

What are the Functions of Human Resource Management?

The functions of human resource management play a critical role in the organization to keep running smoothly. Such an functions of human resource management always includes everything from recruiting the right talent to ensuring that all employees are well-engaged and aligned with the organizational goals.

Hence, the HR department must deal with multiple challenges while managing these advisory functions. And modern HR tools like attendance software have been supporting these efforts for so long. So, let us start by explaining every one of those 7 excellent functions of the human resources department!

7 Major Functions Human Resources Management

Managing the human resources of your company can be difficult, hence here we are providing you with the best 7 functions of human resource management that can ease that difficulty of management! So, let’s start with the 1st one, which is crucial for workforce planning- HR planning!

1. Human Resource Planning

Here we are talking about HRP [Human Resource Planning] which is a strategic process of human resource management. And the HR teams have to follow such a process to accomplish the organizational goals. Such kind of function involves;

• Analyzing the current workforce,
• Predicting future requirements, and
• Creating a plan ensures that the right people are in the right roles at the right time.

This kind of effective HRP strategy includes a thorough assessment of the current workforce management, identifying skill gaps, and planning for future hires. So, when you integrate attendance software into the HRP process, HR departments can ensure they comprehensively understand their workforce and are better equipped to plan for the future.

2. Recruitment and Selection

Recruitment and selection, are the two of the most visible and essential functions of human resource management. Such kind of talent acquisition in your company culture involves the process of attracting, screening, and selecting the right candidates to fill positions within the organization.

So, here the process begins with identifying the need for a new hire and creating a job description that outlines the required skills and qualifications. Furthermore, having a human resources information system at your side can help you streamline this whole process. And when you integrate it with applicant tracking systems, you make the whole onboarding process smooth and efficient.

3. Performance Management

Employee performance management is the process that ensures that employees’ work aligns with the organization’s goals and objectives. This function majorly involves around

• Setting performance expectations,
• Monitoring employee progress,
• Providing feedback, and
• Taking corrective actions when needed.

Here, the functions of human resource management undoubtedly play a critical role by providing real-time employee-related data and getting to see employee performance quite efficiently. For instance, we get to know everything, like;

• What new employees or the old ones are doing?
• What about their attendance and the frequency of their absenteeism?
• How engaged they are?
• At what time do they complete the given projects?
• And about all this, we can get their reviews from peers in detail!

Such kind of integration helps HR professionals to make more informed decisions when it comes to promotions, raises, or addressing performance issues.

4. Learning and Development

After performance management, the functions of human resource management come in handy for employee development also, Because the learning and development programs benefit administration and also play a major role in employee benefits!

These programs assist employees in boosting their skills and provide the sufficient knowledge they need to perform their roles effectively. These programs offer training sessions, workshops, online courses, and other educational opportunities for successful business growth. And are designed to contribute to employee welfare, and help them grow consistently.

Here, the human resource management role stands to support such initiatives greatly, and becomes the reason behind boosting employee productivity! Furthermore, it helps in tracking employee participation in training programs and providing data on the effectiveness of these programs.

5. Rewards and Recognition

You have employee data, you have to ensure every one of them has understood labor relations as per the labor laws, their work is great but still your employee retention rate is way low! When things like that happen then apart from health and safety regulations, you are forgetting to reward and recognize your employees’ work!

Hence, to improve industrial relations [as per the HR manager], before even you recruit employees, you have to start availing employee perks! You have to acknowledge their hard work, and contributions to the organization and start to reward them for their achievements!

Long story short, effective rewards and recognition programs can easily boost employee motivation, increase employee satisfaction, and improve employee retention rates! Here, the HRMS Indian software including attendance tools plays a crucial role, as it can;

• Automate the process of tracking employee achievements and
• Ensure that rewards are distributed fairly and consistently!

For example, attendance software [best HR software] can track attendance records and identify employees with perfect attendance, who can then be rewarded as part of a recognition program.

Moreover, if you integrate the workflow data with rewards and recognition programs then you can ensure that employees are not just getting recognized for their work performance; but also for their dedication and commitment to the organization.

A Highly Engaged Team Boosts Profitability by 21%!

Boost employee engagement & profit altogether with the best Engagement Software!

Book a demo

Challenges of Human Resource Management

Despite the critical importance of the functions of human resource management, challenges of strategic human resource management remain imminent! Because the roles of HRM keep facing several challenges in today’s dynamic business environment. These challenges can be;

• Maintaining better employee relations
• Adapting to new employment laws,
• Hardship in dealing with employee complaints
• Accurate distribution of employee compensation
• Maintaining employee records
• Positive work environment in the company
• Managing diverse workforce data, and
• Keeping up with technological advancements.

One of the most significant challenges is managing employee attendance and effective performance management because that is quite tough to maintain your own! For that reason, you need robust HRMS payroll software in India, because such software only can end the challenges of administrative responsibilities!

These tools provide HR managers with the data and insights [including the job analysis] they need to make informed decisions, improve employee engagement, and ensure compliance with labor laws. With such software in your facility eases human resource management activities like salary administration, hiring process, financial compensation, and many more in a great way!

With the great HR management system in HRMS, both the employees and the human resource managers can excel in their daily activities. Here the function involves recording attendance and from there it keeps solving every challenge of HR!

Trends in Human Resource Management

We all know that HR plays a critical role in managing the workspace and even in the scope of human resources management. And when new trends keep emerging in the form of technology, we have to comply with them! Some of the current trends include the increased use of HR analytics, the rise of remote work, and the growing importance of employee well-being.

Here the important of human resource management systems is consistently increasing day by day, as organizations looking to manage both remote and hybrid work environments effectively. And the thing is that such tools successfully help to accomplish the roles and responsibilities of HRM to make informed decisions and stay ahead of the curve.

Here, We Wrap Up,

Now that you have explained the concept of HR management in the modern landscape quite well, we want to introduce the best HRMS software in India, Superworks! This highly efficient software is making sure that people should face no troubles while doing their routine HR work!

And whatever functions of human resource management you seek to have, whether it is recruitment or performance management you will get it here in Superworks! So, connect now, and start improving your HR functions right away!