What Role Does Human Resource Management Play in a Business?
The human resource function has gone from the traditional hire and fire role to a strategic partner at the table with finance, operations and other business centers that are not centers of profit for the organization. The job of HR, as is the job of all such departments, is to ensure that the business gets the most out of its employees. Another way to put this is that the human resource management needs to provide a high return on the businesss investment in its people. This makes it a highly complex function because it deals with not just management issues but human ones as well. These 2 polarities are not always easy to balance and the human resource managers specifically try to maximize output from employees by instituting various schemes and policies. The following are some of the functions handled by the human resources team. Handle compensation and rewards: Human resources are responsible for tying incentives and rewards to certain positions and roles in order to maximize perform
