Human Resource Management
Every organization has a human resource department of its own. Regardless of the number of employees or members of an organization, the organization survives—and thrives—because of the capabilities and performance of its people. As a small business owner you may not have an official HR Department, but as the owner of the company you are ultimately responsible; you may not even have employees. Neither of these situations releases you of the necessity of thinking and organizing your company’s activities to ensure the policies and procedures you implement along the way support your success.
Human Resource Management (HRM) implements and manages recruitment, training, career and organizational development initiatives within an organization. The aim of HRM is to maximize the production of an organization by maximizing the effectiveness of its employees while simultaneously improving the work life of employees and treating employees as integral resources. As a small business owner with no employees, are you scratching your head as to how this is even applicable to you? HRM focuses on promoting personal development, employee satisfaction and compliance with employment-related laws. Still confused? Good. The purpose behind this article is to help you understand as a one-person-shop how HRM is critical to your overall success. Following are a few perspectives normally used by HRM and how they translate into small business.
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