HR Insurance

The HR (Human Resources) department is a group who is responsible for managing

the employee life cycle (i.e., recruiting, hiring, onboarding, training, and firing employees) and
administering employee benefits.

Purpose of the HR:

HR policies and procedures give guidance on a range of employment issues for

employees, managers and others with responsibility for people. They play an important role in
practically and effectively implementing an organisation's HR strategy.

Read more.

https://www.cipd.co.uk/knowledge/fundamentals/people/hr/policies-factsheet#gref

HR is Important:

"Employees are the foundation of every successful business". This is why human
resource (HR) management is so important. The HR department performs a wide variety of
duties and is responsible for helping employees feel safe, valued and properly supported.

HR Roles:

Planning:

When a company has more than one position, it becomes necessary to find and maintain
an adequate amount of quality employees. Human resource planning is one way to do that. HR
planning refers to the process of matching the right employee for a given job, without staffing
too few or too many people. This takes a great deal of planning and foresight to successfully
achieve.

Recruitment process:

Recruitment is a process of finding and attracting the potential resources for filling up the
vacant positions in an organization. It sources the candidates with the abilities and attitude,
which are required for achieving the objectives of an organization.

Recruitment process is a process of identifying the jobs vacancy, analyzing the job
requirements, reviewing applications, screening, shortlisting and selecting the right candidate.

To increase the efficiency of hiring, it is recommended that the HR team of an

organization follows the five best practices (as shown in the following image). These five
practices ensure successful recruitment without any interruptions. In addition, these practices
also ensure consistency and compliance in the recruitment process.

Read more.

https://www.tutorialspoint.com/recruitment_and_selection/recruitment_process.htm

Training and Delevlopment:

On-the-job training (widely known as OJT) is an important topic of human resource

management. It helps develop the career of the individual and the prosperous growth of the
organization. On the job training is a form of training provided at the workplace.

Read more.

https://en.wikipedia.org/wiki/On-the-job_training
 Human Resource Development includes such opportunities as employee training, employee
career development, performance management and development, coaching, mentoring,
succession planning, key employee identification, tuition assistance, and organization
development.

Read more.

https://www.whatishumanresource.com/human-resource-development

Performence Applaisals:

Every company has a different approach to their performance appraisal. Some companies
hold an annual review process, which may have assessment sessions annually, semi-annually, or
quarterly.

Some companies also adopt a method of one-on-one check-ins, which are considered less
formal than the annual assessments. Managers are able to provide frequent feedback to their
employees in this system. These check-ins help the employees to periodically check their
performance and re-evaluate their goals if needed. This approach works well on agile and
collaborative projects.

Different methods are best suited for different companies. Some organizations also base
their appraisals based on the kind of projects their employees are currently working on.

Read more.

https://www.startuphrtoolkit.com/performance-appraisal-in-hrm/#:~:text=Performance
%20appraisal%20in%20HRM%20is,problems%20quickly%20and%20with%20ease.

compensation and Rewards:

Compensation and Benefits in HRM refer to the salary, monetary, and as well as non-
monetary privileges provided to the employees at the workplace by the organization. It is a
primary tool of the Human Resource Managers to bring out the best potential of the employees
in their work. It works in a way – ‘Better is the compensation & benefits, better is the
performances and retention!’ From internal motivation to the higher level of productivity,
Compensation and Benefits does it all!

Companies with better Compensation and Benefits plans are on the verge of stealing your
employees because workers always look to switch to the organization’s having better salary
structures, compensation, and other benefits like health insurance. Everything related to the
company’s work culture and benefit plans can be easily found online, especially Glassdoor. Each
experience faced by employees from monetary to non-monetary terms is present in online
reviews about the company.

Also, such information helps employees weigh the pros and cons of working with the
company, which leads to their decision-making about joining the company by evaluating the
online data. Henceforth, the new talent can either get attracted or distracted by seeing those
reviews online. The more you keep your internal employees happy with the reasonable
Compensation and Benefits programs, the more good word of mouth they will spread for your
company.

In general Human Resource terms, compensation is the benefit the employee receives in
rewards for exchanging the service he has provided to the organization.

Read more.

https://www.startuphrtoolkit.com/compensation-and-benefits-in-hrm/

Health and Safety:

You have a duty of care to your employees, which means you must take responsibility for
their health & safety in the workplace.

The Safety and Security function deals with both enterprise and employee safety and
security. It includes the organization's efforts to prevent and/or mitigate loss, risks to or from
staff, threats to its physical assets, damage to its technology and intellectual property, or risks of
any other kind arising from all elements surrounding the work environment. Safety and security
encompasses two overlapping areas of practice, sometimes treated separately and sometimes
combined, as appropriate.

Read more.

https://www.shrm.org/resourcesandtools/tools-and-samples/toolkits/pages/
introsafetyandsecurity.aspx

Employee Relation with HR:

When it comes to employee relations, an HR department has two primary functions. First,
HR helps prevent and resolve problems or disputes between employees and management.
Second, they assist in creating and enforcing policies that are fair and consistent for everyone in
the workplace.

Human resource management can play an important role in building strong employee
relationships. They can conduct activities that allow employees to work with each other as well
as managers.
 I have divided the ways how hr professionals can improve relationships in the workplace into
two sections-

Employee Benifits:

1. Paid leave, sick leaves, and vacation days

2. Life insurance

3. Health insurance

4. Dental insurance

5. Vision insurance

6. Gym memberships or discounts

7. Wellness programs

8. Childcare benefits

9. Employee recognition programs

10 Relocation assistance

Read more.

https://www.startuphrtoolkit.com/employee-benefits-in-hrm/