Companies with good Human Resource management practices are viewed as having less turnover, better productivity, and higher employee retention. In other words, Human Resources professionals consider a company’s ability to retain its people to be one of the most important factors in determining a company’s success. In this article, I will show you ways to build a solid Human Resources Department that will serve you and your business well into the future.
Good Human Resources practices begin with the top down. At the top of the Human Resources department should be a person who is responsible for recruiting, interviewing, and hiring new employees. This person needs to have a comprehensive understanding of the entire human resources field and the different types of employees that are needed in every type of company. The head of this department needs to be able to make the tough decisions when it comes to separating a good-performing employee from a bad one.
As you head down the ladder of management in companies you will find that there are many types of positions that fall under the Human Resources area of the company. Some of these include:
- Recruitment / onboarding
- Talent acquisition
- Employment law.
- Talent management
You should develop your skills in each of these areas and make sure that they are covering all of the bases when it comes to finding and hiring the best people to fit into your company’s culture and vision. These are some of the critical points that you need to think about as you start to develop your company’s human resources practice.
Another important area of consideration is the HR Performance Management program. Just as you have to pay close attention to the recruitment practices of the company, you need to pay attention to the HR Performance Management system as well. Your company’s HR Performance Management practice includes things like the identification and evaluation of weaknesses, opportunities for improvement, and of course the implementation of strategies that will enhance these weaknesses and develop more avenues for your company’s success.
In companies with good HR practices, there is an increase in the number of people that are leaving the company for various reasons. This is one of the major reasons that there are so many people looking for work in this industry. The biggest obstacle that a person has in this industry is finding a company that they can grow and develop into a successful venture. In order to do this, you have to make sure that they have a good opportunity for progression within the company.
One thing that many people forget is that your human resources department is only one part of the team. When it comes to running a business it is important to remember that the other departments, which include marketing, operations, finance, and accounting, all play a significant role in the development of the business. Your HR practices will cover the recruitment and consideration of candidates, but these other aspects of the business will affect the results that you get. For example, if the marketing department does not do a good job at developing new clientele, then the profits that you get from your products will suffer because people will not be aware of the products that you have to offer.
Examples of Company to Look For
A good example of a company that uses good HR practices is CitiMortgage. The company has always had a good track record, and in fact, has been at the top of their class for quite some time. The employees of CitiMortgage are some of the most highly educated and talented people in the field of home mortgages. The company prides itself on being able to match the skills of the people who apply with the specific needs of the customers that they are servicing.
It is important to remember that these types of companies are on the front lines when it comes to customer service. Many people assume that these companies are simply in the business of loan contracts and collecting monthly fees from people that cannot pay. However, companies like CitiMortgage understand that each customer is an individual and that having good customer service is imperative in order to build long-term relationships with your customers. If you own a company that wants to make sure that you are a part of the top-of-the-line business world, it pays to have good human resources. You want your people to look at you as an employer, not as just a loan processor. This will pay off for you down the road and will also benefit your bottom line.