Get a Complimentary Workforce Realignment Feedback Session

What is your 30-day workforce management plan?

As you start to plan for the weeks and months ahead, we would like to help by offering a complimentary Workforce Realignment Feedback Session with our HCM Analytics team.

During this session, our HCM Analytics team will:

  • Discuss your current plans for workforce changes to manage the next 30 to 90 days and provide feedback on potential risks and opportunities
  • Identify targeted areas where you could potentially reduce your labor costs while minimizing long-term damage
  • Suggest key metrics for you to track so you can forecast labor costs better and make earlier interventions

Request your complimentary Workforce Realignment Feedback Session with our HCM Analytics Team.

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How Human Resource Management is Important to Your Business

human resource managementHow many times have you heard that your employees are the greatest asset to your business? After all, in today’s landscape, many businesses offer services rather than produce products, and your employees are the main resource when it comes to providing quality customer service.  That being said, it’s important that your business manages its human resources effectively.

What is Human Resource Management?

Human resource management (HRM) is a function within a company that seeks to maximize employee performance to help a company reach its strategic goals. It is often referred to as human resources or the HR department. It is up to the members of the HR department to provide any necessary tools, training, administrative services or legal advice to help improve employee engagement, productivity and contribution.

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Common responsibilities that fall under Human Resources1:

  1. Recruitment

Posting job openings

Conducting interviews, background checks and drug screenings

  1. Safety

Ensuring workplace safety is in compliance with federal guidelines

Training employees on safety regulations

Monitoring equipment

Developing safety policies like evacuation plans

  1. Employee Relations

Processing employee complaints

Investigating employee complaints

Helping resolve employee issues

  1. Compensation and Benefits

Setting wages

Negotiating rates for health insurance coverage

  1. Development

Reporting to management about succession planning, compliance issues and employee satisfaction

Outsourcing Human Resource Management

Companies may outsource various human resource management tasks. Payroll functions are most often outsourced, but vendors and external consultants can help a company with HR in many different ways: background checking, benefits administration, diversity training and temporary staffing to name a few2.

The Importance of HR

We’ve said it before, but we’ll say it again. Your employees are essential to the success of your business. Hiring the right people for the job and keeping those people engaged and productive is key. Human resource management seeks to keep the company functional, satisfied and free of litigation. After all, without your employees, what would your company be?

How EPAY Can Help

Ease your HR workload with EPAY’s human capital management platform. EPAY can help you recruit, staff, manage and pay your employees with one single sign-on cloud platform, so your staff can get back to focusing on your core business. Contact us to learn more.


 

Resources

  1. http://yourbusiness.azcentral.com/core-responsibilities-human-resources-company-8502.html
  2. http://humanresources.about.com/od/glossaryh/f/hr_management.htm