Humans are an organization’s greatest assets; without them, valuable operations fail to carry out. With the potential to impact and drive an organization towards success, it is important to maximize its organizational efficiency and competence through HR Practices. This aids in realizing the capabilities and potential a human possesses and acts as a motivator increasing organizational profits in the long run.
Organizations nowadays emphasize gaining a competitive edge over others in the market through the use of advanced pieces of equipment and technology; employee rewards programs, improved strategies, available and efficient customer services, etc. as building blocks and tend to forget human resource, which is one of the most benignant force to determine the success or failure of an organization whose ability cannot be replaced by machines.
Most superlative HR Practices can be defined as a set of global HR processes leading to increased organizational performance. They don’t fall into place in the blink of an eye; one needs to focus and adopt the finest of the fine strategies for business. Sailing on the same old path of HR policies is no longer given importance; one has to think out of the box! A notable combo of procedures aligned towards the organization’s needs and employee benefits is the key to success.
A few promising HR practices which undoubtedly would help the organization in the alignment of their needs and expectation of employees can be shortlisted as stated underneath:
1. Alignment Of Requirements With Suggestions
All business operations and practices should be aligned for a more conspicuous result. Business needs with a perfect alignment with Human resource recommendations help one simplify HR Practices and work on motivating analytics to identify areas where HR is required to set up and work for. While keeping a close eye on the needs of each department, the top-level management can identify the hot spots and carry on the required action after that. After having a comprehensive image with oneself, he/she can start with the implementation of HR practices for a revamped performance and retention within the management and employees.
2. Compensation To Employees
Keeping connected with changing trends in salary and bearing in mind any discriminative policy regarding the same is of immense importance for employees. Fairly equitable distribution of salary helps in employee retention and attraction of loyal candidates. Payment should be within the paying capacity of the organization’s organization and earning capacity, which will serve well one to decide upon his skills and quantum of investment.
3. Company Requirements And Employee Expectations
Coupled with strategy planning, HR should also incorporate an open relationship between employees and management, lending a hand towards connection and informalities. Management shall be made aware accordingly by dissatisfied employees, either due to their position in the organization, their salary or policies, and procedure. Straightening up the requisites of the company and employees aids in better decisions and acts as a motivating key.
4. Improved Job Security
Employees prefer having control over their position and income in the organization. Job security can be treated as an equivalent guiding principle, just like business ethics, which helps handle reputation and staff absenteeism with a reduced amount of resignations and failure to reach the predetermined goals and expectations.
While the activities mentioned above can be considered as secondary, the following are considered as two of the most abundant primary HR Practices for a business of any size:
1. Employee Rewards Programs
Employee reward programs help an organization retain its staff and encourage new talent to work towards the organizational goal. Being a critical part of employee experience, the following are the leading practices of employee rewards programs:
- Traceable employee rewards programs
An immeasurable quantity can in no way be optimized. While considering programs, it’s impossible to measure the impact for which traceable programs should be used for measuring productivity, morale, and other factors. This can be done through rewards by noting down the number of times an employee has been recognized for a specific skill.
- Give employees meaningful reward options.
With a variety of rewards, employees might feel motivated to grasp the best from the list. For instance, 3 distinctive reward options are made:
|GROUP 1||Monetary reward|
|GROUP 2||Edible rewards|
|GROUP 3||Complimentary reward|
|GROUP 4||No reward|
As a result, it is noted after that that Group 1 performed best while Group 4 came out to be the least productive amongst all. This shows that with various rewards, employees get a choice to make that is the most motivational and meaningful to them.
- Incorporation of team rewards into employee rewards
With the addition of rewards for an efficient performance as connective tissue for a team, team-building can be increased while leaving a praiseworthy impact on employees and the organization and the realization of accomplishments. Apart from helping in giving out superior group performance, group rewards help produce the best of the performing employees within the organization.
- Let employees reward each other.
With recognition among the working employees, rewards turn out to be an incredibly powerful tool to encourage higher performance. Respect by the co-workers in an organization ends up motivating oneself and helping them live up to the expectations from him/her. It grants an extra insight into how a team is performing.
2. Virtual Career Fair: Concept And Importance
A virtual career fair is an online event concerning the employment and recruitment sector, which are custom-designed for hiring employees. It helps provide access to a wide audience and aids in saving cost and time to speed the requirement process. Virtual career fairs have come out to be a fairly dynamic solution for employers to break free from the pre-existing traditional hiring events.
When one can’t meet the candidates in person, it is important to provide virtual experience needs with video integration and other online ways. It helps in an uninterrupted experience and keeps the attendees engaged in interactions. Powerful networking tools such as virtual stands, online chats, webinars, workshops, and video call interviews help assist the same.
A virtual career fair helps filter a list of people in providing mobile-friendly interactions through images and videos. Interactions via chat help in an efficient fill-up of job vacancies and easy access of job details within a click. Video call interviews and live streaming have turned out to be an eminent source of career fair engagement, ending with detailed reports and analytics of job.
Hence, with happy management of the human resource, an organization can easily strive towards its goal, which can be done through HR Practices. Hence, it is no wrong to say that human resources are the most valuable asset.