What is the Full Form of HR?

Since HR manage the most valuable resource for any company, they have major responsibilities which ensure the smooth functioning of a company. The human resource management team’s responsibilities include managing the employees from hire to retire, as well as streamlining the company operations to ensure improved employee experience.

Some of the major responsibilities of human resource management are:

1. Recruitment

Since the full form of HR is Human Resources, they are required to create and maintain up to date job postings for various vacant positions within the company and post it. They are also in charge of finding the right candidate and placing them in the right position by offering competitive compensation packages. To achieve this, they also shortlist resumes and undertake interviews.

2. Benefits Administration

Employees should be compensated for their time and effort, and the HR team is in charge of the same. They handle employee compensation and benefits by ensuring that these packages are competitive, yet compliant with the local labour laws. Additionally, they also calculate the components of each salary cycle to ensure accurate on-time salary disbursals.

3. Performance Management

Another major aspect of HR duty is the performance management of the staff. HR teams are tasked with analysing the performance of employees and improving it to ensure that the staff can undertake their work with maximum efficiency. They can also suggest improvements to the staff if required, as well as consult with the managers to improve the performance of employees.

4. Training and Development

Similarly, human resources also manage employee training in an organization by deploying a dedicated training management system. They are responsible for upskilling and cross-skilling the employees, as well as ensuring that the staff undertake their training and development sessions. They also assess these sessions to improve them, while also sharing certificates for successful training and learning sessions.

5. Work Culture

The human resources teams also develop a robust yet comfortable work culture and employee relations to ensure that the employees feel valued and have a sense of belonging to their workplace. The work culture should be ethical and adhere to an employee-first philosophy, which would help cement the company’s reputation as a good place to work.

6. Attendance Management

Managing employee attendance is another major function of the HR team as it directly affects their payroll. Hence, their attendance records should be accurate and fool-proof, while also ensuring that the records are accessible to the authorized personnel. Hence, the HR professionals of a company handle employee attendance and maintain the records, while also analysing the late-comings and overtime, which can also be automated with the help of a dedicated attendance management system.

7. Employee Well-being

According to a recent study by Gallup, 69% of employees are less likely to search for a new job if they understand that their company is actively taking care of employee well-being. Hence, employee well-being is a major concern for human resource teams since they are the most valuable resource of the company.

8. Grievance Handling

When there is a diverse team of talented employees working under the same roof, there are bound to be some conflicts as well as creative differences. Similarly, there could be numerous grievances employees might have regarding their company and office. Since the full form HR is Human Resources, the HR departments have to resolve these issues amicably and confidentially.

9. Employee Data Management

Since employees generate a lot of data, the HR teams have to manage this data effectively and keep it secure. From basic attendance information to the confidential information of employees such as their documents, HRs are required to handle all employee and their employment-related information.