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Human Resource Management involves a complex but valuable balancing exercise, which requires HR managers to proactively plan ways to create an environment of competitive advantage for the organisation, whilst still meeting individual employee needs.
Some examples of daily Human Resource Management functions include:
Identifying qualifications and attitudes that are required, and recruiting appropriately skilled people.
Instituting performance-based remuneration, salary packaging, and non-monetary rewards schemes.
Managing education and training programs, monitoring performance and evaluating HR activities and outcomes.
Few things are more-costly to a business than employees who are unable to meet the requirements of their job, or who fail to adapt and grow with changing business standards and increasing global competition.
This costliness is often a result of HR professionals who fail to align HR objectives with their organisational business goals, and, therefore, are unable to maximise the return on their investment in employees.
Some of the risks of ineffective HRM include:
We assist HR professionals and small businesses in the following areas of general or strategic HR management: