Maximizes the return on investment from the organization’s human capital and minimize financial risk.
Human resource management serves these key functions:
- Selection
- Training and Development
- Performance Evaluation and Management
- Promotions
- Redundancy
- Industrial and Employee Relations
- Record-keeping of all personal data
- Compensation, pensions, bonuses etc. in liaison with payroll
- Confidential advice to internal ‘customers’ in relation to problems at work
- Career development