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Human resource management (HRM) also referred to as human resources, is the process of managing people and systems to support the objectives of an organization. It covers activities like recruiting, interviewing and managing salary. It also includes training, record-keeping as well as workplace safety and recording. This field also includes many legal responsibilities including compliance with labor and employment laws. HR managers are responsible for implementing and monitoring policies that ensure the ethical treatment of employees.

HR professionals use data to making decisions about benefits and compensation, such as bonuses, salary increases, and to track the performance of employees. HR managers must be aware of trends and legal obligations related to these matters, which can change quickly. They often collaborate with other departments on strategies that address broader company goals.

Companies that invest in highly-performing employees reap https://hbs-netzwerk-pao.de/2021/03/24/warum-gibt-es-so-viele-unternehmen-ohne-unternehmenskultur/ higher productivity, sustainability, and profit margins. HR teams are in charge of encouraging and supporting employees to reach their maximum potential. They can make use of a SWOT analysis method to analyze the weaknesses, strengths, opportunities and threats. Then, they think of specific strategies to increase the former, while minimizing or avoid the latter.

Implementing a strategy that is effective will take time. However, short-term pressures such as budgets and annual plans could push HR managers to focus on immediate issues instead of long-term goals. However, successful HR managers understand the importance of patience and perseverance.