The new-age world is much more exciting and challenging. The start-up wave has got the world since last couple of decades. Yes, it’s the start-up era.But do you know not all start-ups survive? There have been so many initiatives that failed in its very first year. The severity of competition and economy, could be one of the top reasons of failure. And what about management? Don’t you think management plays an important role in making a business succeed and fail?
Don’t worry! You are new to the business. It’s still in the start-up phase. Turn up to a proper HR management to keep things sane and running. Reason why start-ups do not make is because they don’t give much importance to the HR management. A planned HRMS can solve much of your difficulties.
When you lack a dedicated HR corner, there might be chances that you yourself enact as HR and do hiring and further management. This will distract you from your core duty. Isn’t it?
Make sure you have a dedicated HR personnel or a team that handles payroll processing, leave management, internal requirements, etc. HR department will help you keep things organised and lets you not worry about HR policies and compliances. Here’s how-When we talk about effective human resources management, there are so many important areas to consider – such as payroll management, performance tracker, employee engagement, asset management, leave management, and similar.
Let us learn the cornerstones one by one-
Staff payrollActing a payroll manager can bring in huge penalties on your way. Even a small mis calculation in payroll can be extremely expensive and could also lead to fine by IRS. Timely payroll and accuracy at wage are some signs of good HR management.
Efficient payroll management can help you build trust among workforce. A new-age payroll system can help you automate wage calculation keeping abide by compliances.
Employee leave managementIt is very essential to track employee leaves and attendance in order to calculate final pay. Especially in times of remote working, employee timesheets play a major role in maintaining smooth employee data and payroll management.
Cloud based leave management system can help you track remote employees and calculate total working hours through clock-In and clock-Out. Automate attendance management solves more than half of your HR process.
Performance appraisalEmployee productivity AKA performance tracking is one of the basic duties of HR. Keeping an eye on employee tasks is one of the major responsibilities of manager as well as HR.
This helps in boosting employees’ morale and builds better performing workforce. A simple performance management system will help you review your employees through legit feedbacks and assist in appraisals.
HRMS softwareLeveraging technology at HR will win you unscalable benefits in long run. HR technology like cloud HRMS software comes up with integrable payroll system, timesheet management, self-service portal, and much more.
All-in-one HR solution makes it very easy for a start-up to focus on essentials and leave HR on the software. Abiding the budget of any start-up, HR solutions come with monthly subscriptions and leave no pain in the pocket.
A futuristic human resource management system (HRMS) automates all your administrative HR tasks and allows you to focus on more manual job.
Employee managementCreating a good work culture remains always the prior job for any HR professional. This might seem important to the small business owners (especially start-up makers). But employee or an intern engagement might play pivot role for a business.
Different employee management strategies like empowerment, decisions making, and strategic contributions help in better employee engagement. Such practice also improves focus and commitment towards company. Get them involved, through whatever it takes.
Conclusion
You now know the major 5 roles of a human resource personnel. Human resource management is not a joke. Be it a multi - national or start-up like yours, HR makes the difference. HR and employees are two major aspects of an organisation.
A successful start – up is made up of attentions to all cornerstones like HR and culture. Lot more to come your way!
Good luck. Thanks for reading!
Author bio-
Ritik Singh writes about HR software in India, cloud, and enterprise technology. A dynamic content writer who writes for Pocket HRMS, a leading provider of cloud-based HR software with inbuilt AI-powered HR Chatbot (smHRty) to small and mid-sized businesses across India.
