The human resource of an organization is one of the most important departments. It means without the help of the HR department an organization cannot develop an efficient team for business. The HR department responsible for managing resources related to employees and process of employing people, recruiting ,Hiring, Training, Compensating, Policies related to labour welfare act, Payroll , Statutory compliance and employee benefits.HR management helps bridge the gap between employers to employees.
Role of Human Resource Management (HRM)
Recruitment and Training
This is the major responsibility of the human resources team. Come up to find right people with help of plans strategies for hiring. The core function of HR trainer and recruiter need to gives employees skills and knowledge to perform their work effectively.
Performance Appraisal
Performance appraisal is the process of assessing the performance of employees and their potential for future development. The main purpose of performance appraisal analyzing and collecting information about the real worth of employee. This reports decides their salary increment and promotions.
HR Laws and Policies
In every establishment employees perform main role. Organization guideline HR policies to manage the employees. This policy helps the organizations to develop internally and externally. Good HR policies can improve the good workplace for the employees. And these policies help the organization to take disciplinary action for future conflicts.
Important Human Resource Management (HRM) Policies.
- Attendance and Punctuality Policy
- Overtime Compensation
- Holidays
- Performance Appraisal
- Workplace rules and regulations
- Uniforms and grooming
- Leave Policy
- Termination Policy
- Payroll Deductions
- Damages and Fines
- Compensation and benefits
- Sexual Harassment
- Health and safety
- Compliances and statutory policy
- Meals and Break periods
- Employment Classifications
Payroll
The business with employees should have a payroll process established. Payroll is the process by which employers pay an employee for work they did. An effective and efficient payroll process ensures that employees are paid accurately. It gives HR the chances to focus on other aspects of their responsibility.
Payroll is most complicated because of the various deductions that come into list. So employer must know and understand how to do payroll properly.
Our VHRS People Partner suggestions for avoiding payroll issues, unwanted stress and burden use payroll software or give payroll outsource to good consultant.
Statutory Compliance
Statutory compliance in HR refers to do the legal laws and frameworks within which companies must function in the treatment of their employees. It is require by every registered entity to adhere to these statutory compliances. If organizations failed this could cost heavy fines.
To run payroll in India an organization must follow the common statutory compliances.
- Minimum Wages
- TDS Deductions
- PF and ESI deduction
- Professional Tax
- Gratuity
- EDLI
