HR policies are nothing but guidelines drafted and reviewed time to time in order to get various benefits at both ends. It developed by the administration and the purpose of these policies is to manage its employees in one single framework applicable to each and every employee irrespective of their designation in the company.
In fact human resource management is a wide subject which involves multiple dimensions and various verticals which requires lots of care and attention to manage each and every vertical so that concerned company can get seamless benefits and enhance productivity continuously. Broadly they can be divided into four major groups and they are as follows
Recruitment: Recruiting suitably talented personal to the vacant posts is considered as the major purpose of HR department. It is opined that though this is the major purpose, this is not all one has to look after. The very process of HR recruitment services involves many branches which again demands professionals and experience people to handle the responsibility.
Training: After recruitment, it is highly beneficial to provide essential training to the employees so that they can instantly become productive and resourceful to their employers. Significantly proper training found to enhance their abilities and talents directing their attitudes precisely and successfully for the betterment of the company. A set of well trained employees become assets of the company and they thrive to take the company to the next stage within no time.
Compensation: Proper compensation is very important. It enhances job satisfaction. One should not forget that everyone is after monetary benefits when they know their abilities and talents. They feel ditched if they don’t get suitable compensation. Therefore, HR policies always include this fact in their agenda. The compensation varies depending upon various factors, availability, scarcity, demands, challenges involved in the job and so on which dictates the level of compensation one is going to get for his job.
Promotion: This is another important vertical where HR policies should clear enough so that employers become inspired to work with their fullest capacity. Suitable recognition, awarding them for their creativity and implementation of new ideas, timely promotion helps higher percentage of employee retention.
Overall HR policies and policy reviews helps an organization to have better organization structure, solve legal issues smoothly, and they provide precise guidelines to employees, and help them work in coordination with the company policy thereby enhances consistency or work among employees.
Importance of Legal Compliance and Solution Firms
Legal compliance is the process or procedure to ensure that an organization follows pertinent laws, regulations and business rules.[4] The definition of legal compliance, particularly in the setting of corporate legal departments, has recently been prolonged to include understanding and observing to ethical codes within entire professions, as well.
Online Payroll Management System India – Best Solution
The Online payroll management system available in India provides the best solution to online management of payrolls and attendance. The organizations that have installed this system can avoid the complications on account of the payroll software and moreover they can be free of the cumbersome statutory calculations. The online system is free of location barriers.
Human Resource Management Software India
The HR management software facilitates the integration of the human part of the business with the strategy measures of the organization.
