Human Resources is the backbone of company success in promoting goals and efficiently managing employees. HR frames suitable guidelines to achieve long-term goals. Employees should follow the guidelines and policies they created.
Functions of HR:
Human Resources is also known as personnel management and follows the best practices and guidelines to reach the organisational goals from the initial induction phase, i.e. Securing the ideal candidate precisely when needed is paramount for seamless team integration and operational efficiency. They are tasked with overseeing the onboarding process for the individual’s growth.
Performance management is an integral part of HR which helps to identify and understand the employee’s performance in their job and how well they are working to reach their Key Performance Indicators (KPIs). To foster employee engagement and retention, offering both financial incentives and non-monetary perks is crucial.
The payroll function manages the financial aspect of employee compensation, where they work on the payroll application, which automates attendance data collection, net pay calculation, salary distribution, tax filing, and more.
Hybrid Work Culture:
Nowadays, people have been introduced to a new work style model called “Hybrid Work”. Hybrid work refers to a workforce that combines both remote and in-person participation.
As per the Chartered Institute of Personnel and Development, Hybrid working represents flexible working that involves employees working some of their time remotely and some in the employer’s workspace.
Why is there an increasing demand for hybrid work?
- Employee preference: The recent global pandemic underscored the significant value that many workers place on flexibility and the option to work remotely. Studies indicate that hybrid models are highly sought after as they strike a balance between individual autonomy and collaborative office work.
- Business advantages: Companies see hybrid work as a way to potentially reduce office space costs, tap into a wider talent pool, and enhance employee satisfaction.
- Technological advancements: The advent of cloud-based tools and collaboration platforms has greatly improved the feasibility and attractiveness of remote work.
- Addressing burnout challenges: Managing the intersection of personal and professional life is crucial to preventing burnout. This entails promoting healthy boundaries, providing mental health resources, and encouraging regular breaks.
The hybrid work model is still evolving, with its full implications yet to be realized. Organisations can harness their potential by adopting a data-driven approach, fostering innovative collaboration methods, and prioritizing employee well-being.
Challenges in the evolving hybrid landscape:
- Building team cohesion and corporate culture: Maintaining a strong sense of identity and encouraging teamwork can be challenging with a dispersed workforce.
- Ensuring equity and inclusivity: Remote workers should not face disadvantages compared to their office-based counterparts. Inclusive meeting practices, fair access to resources, and transparent communication are essential.
- Performance management: Flexible methods for evaluating performance are necessary in a hybrid work environment.
- Technology and security: Strong cybersecurity measures and carefully selected technologies are vital to ensuring data privacy and seamless communication.
Human Resource Planning plays a pivotal role in enabling organisations to synchronise their workforce with strategic objectives, anticipate and adapt to change, optimise resource utilisation, and foster employee engagement and retention in the context of a successful hybrid work model. HR sets objectives that include clear guidelines for employees to work both in-office and remotely as needed, facilitates access to necessary resources, and promotes team-building activities through both in-person and virtual means, employing asynchronous communication methods to encourage interaction and trust among team members. Embracing a people-centric approach is crucial to creating a hybrid workplace, characterised by remote meetings, group chats, virtual lunches, and clearly defined expectations. Consistent feedback and a well-defined performance management plan are essential for guiding employees in managing their performance effectively
——- Blog penned by our sourcing specialist, Swapna Rao