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In this article, we are going to provide information about Features Of HRM where you will know how to become an HRM and what things are required. HRM understands human employees’ behavior and recognizes individual behavior. To know more about HRM proceed further in the article.

What Is HRM?

HRM is human resource management that approaches the group of people such that they help their business gain a competitive advantage. So It helps people manage their business. It maximizes the performance of the employee in the workplace. Given below are the few points which help you understand what HRM stands for. And further you will find some Features Of HRM which will help you know more.

• The art and science of HRM are very compound and composite. HRM is both art and science as it manages by giving an alternative to creativity and innovation. It is also a  science as well because of its precise methods and meticulous application of theory.
• It is compulsory to follow HRM in organizations both profit or non-profit making. HRM developmental program covers all the levels and considers all types of people, and staff and management. No discrimination should take place between any levels or to the categories.
• It is a continuous process as there are several functions to perform in a series and it is a never-ending process.
• HRM is a facilitator and staff function that has all the responsibility of other departments.
• It is rapidly growing as the organization encompasses welfare, personal management, manpower and maintain industrial relations.
• HRM is a performance-oriented that focuses more on the results.

Some Features Of HRM

Human resource management has various approaches to manage human resources in today’s fastest-developing world. Here are some mentioned Features Of HRM.

1. HRM An Individual Management

HRM is put forward as the management of human resources as it manages laborers, supervisors, managers, departmental heads. It is perturbed by people’s proportions of management. This is one of the Feature Of HRM.

2. HRM A Continuous Process

It is an ongoing process of managing people and the competition. All the processes should be run continuously until the organization gets dissipate. This is one of the few Features Of HRM.

3. A Dynamic Function Of HRM

This one of the main Features Of HRM. The principles of HRM should not be non-flexible rather they should be dynamic. The HRM process gets influenced by environmental factors. Employees should adopt some good changes and gain updated knowledge such as Human resource management, business risk, customer service.

4. The Universal Function Of HRM

It is applicable in all types of organizations as it is a universal function. Irrespective of the size, nature, scope, and purpose of the organization these principles are used. Here this is one of the Features Of HRM.

5. The Strategic Approach Of HRM

It is a strategic approach to the development of the organization. It makes use of the human resources in the organization to achieve the target and objective strategically. But to change the strategy it is designed in a way that they are interconnected with effective utilization use of human resources.

6. Integration Of Goals

HRM helps in amalgamating both the employee and manager goals into the framework. Therefore both the goals are getting in completion through and employees work for a higher level performance. So this is one of the Features Of HRM.

7. Future-Oriented

It is a sense that evaluates human resource requirements for the future. So it helps in accomplishing the objective of the organization and employees to get a job in the future. So there is a total of 7 Features Of HRM in this article to enhance your understanding.

Conclusion

In short, human resource management is a very important part of the organization that helps bring positivity and motivation in the employer’s life.  We hope this article, Features Of HRM was helpful to you and if it did then do not forget to leave your feedback in the comment section given below. Also, let us know your experiences about HRM and how useful it is in the organization. Also, if you want to learn more about Human Resource Management you can read this article Top 5 HR Trends That Can Shape A Business/Company.

Whether you are an Actor, Singer, Manager or Sportsperson. Irrespective of what are your goals and targets, everybody wants to be perfect in their respective fields. The same is the case for a Human Resource Manager. An HR Manager is the main man responsible to help the company lead to success. If you are thinking about how? continue reading to know the keys to be a great Human Resource Manager.

Keys To Be A Great Human Resource Manager

An HR manager is considered efficient when he performs all his roles efficiently. A Human Resource Manager is the foundation of the company. You can assume from here why do companies pay a lot of attention to their Management. We have listed below a few of the important keys to being a great HR manager.

1. Sharp Insight

A good HR knows how to prevent a situation from worsening. Furthermore, he should be a good examiner who can make decisions according to the situation. HR managers should have insight into finding out what is best for the company in any situation.

2. Outstanding Communication Skills

A great HR is the one who can impart effective information to his subordinates, colleagues, and superiors. His communication skills should be brilliant. In short, he should know how to communicate with different people.

3. Honest As well As Modest

The HR Department is an important organ of the company. Human Resource Manager should maintain the modesty of the company. He shall also be honest and transparent with the company and its staff. He should make unbiased decisions.

4. A Good Motivator

Human Resource Manager is required to motivate employees constantly. They must motivate the employees positively and effectively, as a result, it will provide the company with an effective workforce. The HR department must develop strategies to motivate employees to work towards the company goals.

5. Comprehensive Knowledge

It is important for HR to regularly update himself with the latest trends and changes in Human Resources. He must know about the theories, principles, concepts, and terms of Human Resource Management. Consequently, this will help him to deal with different situations arising in the company.

6. Aim At Employee Satisfaction

The HR department is the link between the organization and the employees. An HR Manager should ensure that the employees receive fair remuneration. Moreover, it should also make sure that the employees get proper training, they have their say in the company, their rights are respected, etc.

7. Impartial

Human Resource Manager is the authorized personnel responsible to make decisions in situations of disputes. He is obliged to make the right decisions without allowing his personal opinions to affect them. He shall stay neutral.

8. Objective

Sometimes an HR manager may have to work under pressure. During such times, HR should try to find ways to solve such problems instead of running away. He must have positive solutions for negative problems.

9. Training The Employees

New employees often require training, for this, they always look forward to the HR department. The Human Resource Manager should train and educate the employees effectively. Helping the employees to develop and improve their skills and performances not only benefits the company but also adds an advantage to the employee’s career.

Hence, these were the few of the qualities required for being a great Human Resource Manager.

Summary

To summarise, these are some of the most important ways to become a great Human Resource Manager. Our article ends here and we hope this information is beneficient enough. Furthermore, if you have anything more to add up, you can submit it in the comment box. In addition to this, also provide your feedback to this article.

Non-monetary incentives are another type of incentive. Most of the company don’t focus on this type of incentive. These incentives can help your employees to stay determined and motivated. This will make a positive impact on their work as well. As a company, it is important to understand what kind of incentive suits your employees the best. There are various non-monetary incentives but not every type will be motivating for the employees. These incentives highly depend on the individual’s life and what is his/her needs currently.

What Are Non-Monetary Incentives?

It is the opposite of monetary incentives. Non-monetary incentives are incentives that are not given in cash. These incentives motivate your employees. There is no fixed time to provide a non-monetary incentive. A company provides this type of incentive according to the performance of the employee. This boosts the morale of the employee hence it is very vital. Every company should practice giving these incentives. There are different forms of Non-monetary incentives. Let us get to it in detail.

Different Forms of Non-Monetary Incentives

There are different forms of non-monetary incentives. Which incentive is suitable for which employee varies from one employee to another. The situation and the lifestyle of an employee determine the need for an employee. According to the need, the company should provide incentives.

1. Contribution

This is also a kind of incentive. You should let the employee know that he/she is providing a useful contribution. This should be said to them at regular intervals. It will only help them to stay focus and they will also know that the company values their presence.

2. Autonomy

Every company teaches team building. Yes, it is important but what also is important to learn how to be independent. Every now and then the company should provide employees such a task that they gain confidence in doing tasks alone too. Feeling independent is also important and this can also be one of the types of non-monetary incentives.

3. Flexible Timings

There are employees who are not always able to match the office timings. Hence you can plan a different schedule that does not affect the organization’s work and also helps the employee. This will motivate the employees. As the company is trying to make some sacrifices and in return, the employee will work with more determination.

4. Leaves

Leaves can also be effective non-monetary incentives. If there is an issue with the employee, the company can compensate the working hours some other day and provide him a leave. This would show the employee that the company values the employee. Of course, the reason for leave should be valid and if it includes family you should show that family comes first. At the same time also make sure that the employee needs to compensate for the working hours and he will happily do it.

5. Company Trips

Being caught up inside the walls every day can be a little monotonous. Hence the company can try a form of non-monetary incentives i.e. to take the employees on trips. Taking employees on a short trip every month is feasible and also it will refresh the employees. This will ensure that they don’t burn out. Employees if burned out work, will decrease their productivity and it will affect the company ultimately.

Summary

This brings us to the end. These were the different forms of non-monetary incentives that a company can use to motivate and encourage their employees. This will have a chain effect and ultimately help the company. Another non-monetary incentive could be to help the employees make their work easy. This is possible if there is a portal for employees. Read the Albertson Login portal article to know about it.

Everything ultimately revolves around money. It is the best source of motivation. This article will highlight what are monetary incentives for an employee that he or she can expect from a company in the long term. An employee when starts his or her new job. He or she expects a job according to the experience he has been exposed to and the learning from the school and college. These expectations gradually increase with more experience in work unless he or she changes the field altogether.

What are Monetary Incentives

Basically they are money. They motivate an individual to work and gives a purpose to all the work he/she does. These monetary incentives are the source of their motivation and they drive them to work more and hard. They give them recognition. They are also given to encourage employees to stay at their company for a longer period. These monetary incentives ultimately take the form of hard cash. It is given to an individual on the basis of his/her knowledge, skills, and other attributes that the company finds useful. These incentives come in different forms, let us know more about it.

Different Forms of Monetary Incentives

There are different forms of these incentives. Every form has its own time at which the company offers. For example, a salary is offered to an individual on a monthly basis. Let us get into the details of these forms of monetary incentives.

1. Salary

Of course, salary is the most basic form of monetary incentive. They are generally offered either on a weekly basis or on a monthly basis. It can demotivate and employee If any month the salary is skipped. This will directly affect the work he/she is doing and then impact the organization.

2. Bonus

A bonus is another form of incentive that motivated the employee. This should be given when an employee performs extremely well and it benefits your company too. This will show that the company recognizes what he/she is doing. This is very beneficial because this encourages the employee to maintain the performance level and it can also raise the performance bar among the employees.

3. Stock Options

Another kind of monetary incentives. Stock options mean you are giving some part of your company stock to an employee. He/she can then sell the stock or keep the stock according to their wish. Selling the stock will give them the money. The value of the stock determines the money value. Generally, these incentives are given to higher-level employees. This is also a performance-based incentive.

4. Promotion

This doesn’t mean you are paying the employee immediately but this confirms that the employee’s salary is now increased. This is the most effective monetary incentive because unlike others this incentive becomes permanent. Giving promotion is a thoughtful process. This is because increasing the salary permanently is a big step and the employee’s responsibilities also increase with it.

5. Allowances

There are different kinds of allowances that can motivate employees. These allowances will motivate the employees in different ways because it saves a certain amount of money going out from their pocket, which can boost the motivation and help them. Hence allowances are very useful monetary incentives. These allowances can be:

• Travel Allowances – The company covers the travel cost of the employee.
• Fuel Allowances – The company provides allowances for the fuel.
• House Rent Allowances – The company pays the rent of the employee’s house.

Summary

These were the different monetary incentives that a company can provide to its employees. Motivated employees work harder and with more dedication. Compromization in monetary incentives can demotivate the employees. The other type of incentive is non-monetary incentives. These are not the physical kind, they are more of how an employee feels. Such as a good employee portal makes the work easier for the employee. Have a look at this employee portal to know-how. Safeway – Direct2Hr.

Human Resource needs to manage the employees. They need to create an environment that can make employees from different cultures feel safe. Only the best hr practices can help you maintain a proper flow within the organization. The organization has various elements that need to be managed. The employees should feel like they want to work here. It should not be the case that they are working here because they are bound to something. In that case, that employee will not work harder or motivate the people around him or even come up with ideas or solutions.

5 Best HR Practices

The following 5 Best HR Practices will allow you to manage your employees and their behavior. These practices are to encourage the employees and to maintain a culture and environment around them that will make them feel safe. Hence, they will try to work harder and that will ultimately benefit the company.

1. Safe & Healthy Environment

HR should be able to create a workspace where every employee feels safe. An employee in a day spends most of the time in the office, hence it is very important that he/she stays in a safe and healthy environment. This is important because an unhealthy environment can demotivate the employee and make them want to leave the job. This then can be said that the company is not utilizing the employee well.

2. Performance-Based Reward

One of the best HR practices can be to reward your employees on the basis of their performance. There are many proven studies that show an employee gets motivated when his or her work is appreciated in some or the other way. Monetary incentives are always the best booster but there are other non-monetary incentives that can boost the morale of an employee. This also shows that management recognizes their work.

3. 360 Degree Performance Appraisal

Another one of the best HR practices and a very well working approach. Every Human resource should adopt this method because this performance appraisal is an approach to get feedback about a particular employee from all the other people he/she is connected too. For example, every appraisal would be done considering the feedback from the top management, his/her peers, and the direct supervisor. This will decrease any kind of favoritism or biases.

4. Give The Spotlight To Top Performers

This suggests that the company should recognize the employees who are working hard and they are making a difference just like the company wants. This recognition should be done in a manner that every person in the company would be able to see it. This is one of the best HR practices because this brings healthy competition between the employees. For example, you can post a photo of the employee on a board or post it on the company’s website. This will motivate other employees to work harder and steal that spot for themselves.

5. Brief Weekly Discussions

This is very important because employees always want that they are heard. Weekly discussions where there are the focus brings new ideas from their side about what change do they seek in the organization. It is very important to keep regularity in these discussions because if after 2-3 weeks it stops, then it will be difficult to encourage employees to speak because they will be demotivated thinking that the organization will not follow it.

Summary

These were the 5 best HR practices that every organization should adopt in order to satisfy the employees and make them work hard, and compete between themselves to increase the level of performance. Having an employee portal is very important, read this article to know how Direct2HR has made things easier for the employees of a company. Shaw – Direct2Hr, Albertson – Direct2HR, Vons – Direct2HR, and Safeway – Direct2HR.