With the constant evolution of the Human Resources role, we have witnessed several significant changes in the HR working modules. Yet, only a few strategies are practised long enough to be entrenched in the daily HR routine as “best practices”. The inclusion of these exceptional HR practices is crucial for any business as they are highly effective towards the proper management of human resources. These practices are Human Resource Management (HRM) actions and processes that are universally applicable and boost productivity tenfold.
Within the HRM research, two schools foster effective workforce management. The first one encourages the best fit while the second is guided by the best practice.
1. The best fit school advocates that HR policies must align with business strategies to add value Whereas, 2. The school of best practice promotes the inclusion of diversified HR processes results in superior business performance
Diversification of the best HR practices
Here are the best practices for boosting high productivity in an organization. With the diversification of these HR principles, their overall impact becomes even more profound.
1. Job security
This is the first thing any employee looks for during their job search
2. Selective Hiring
As part of this practice, the organization hires only those employees who can add exceptional value to the company
3. Performance-based Fair Compensation
Once hired, the right incumbant is compensated in line with the industry and their individual skill set
4. Relevant Skills Training
Any gaps in performance are filled through Training Need Analysis ensuring that employees can maximise their potential in their field.
5. Creating an egalitarian organization
All employees are valuable members of the organization and must get similar treatment. The egalitarian structure ascertains that everyone gets equal respect. This helps in the promotion of idea-sharing in a cordial environment.
6. Accessible Information
The direct propagation of information ensures that there are no rumors or misinformation at the workplace. With information-sharing companies, the company can keep track of individual access to information.