Employees are the biggest asset of every organisation as their productivity levels are directly proportional to the organisation’s success. However, the guiding principle in every organisation is that ‘general interest must prevail over the individual interest of the employees’. This is possible only through proper strategic planning and execution, which is carried out by the Human Resource (HR) department of the organisation. Thus, the HR department plays a key role in ensuring a successful run of an organisation.
They follow various processes in order to formulate stellar strategies. The processes are stated below:
1.Human resource planning (Recruitment, Selecting, Hiring, Training, and various other processes).
2.Remuneration to employees and other benefits