Human Resource Management: Communication and Compensation

Whether you work as inventory management expert or software salesperson, Human Resource Management (HRM) is an integral part of maintaining a healthy, growing business.

While human resource management reached popularity in the past, it has evolved into “Human Capital Management,” a phrase that expresses the idea that employees are money. However, maybe this sort of algorithmic, quantitative thinking is, well, wrong.

While performance can be measured, relationships, contentedness, pride, teamwork, and community are all, inherently, qualitative.

Here are some tips on how to improve your HRM strategy and, therefore, see an increase in capital and morale within the workplace.

#1 Performance Management as a part of Human Resource Management

To see the performance, you must set expectations. While it’s good to give your employees intellectual freedom (which often begets creativity and innovation), they also need guidelines and expectations to succeed.

Put all of your expectations in writing! Verify that the employee understands expectations before and after completing a task.

You can confirm expectations through work products, reports, and records, checklists, direct observation, or critical comments received about the employee’s productivity.

You can also increase or develop the level of performance by having classes or individual projects in which employees can grow, learn, and further master their skills.

#2 Delegation as a part of your HRM

Delegation is one of the trickiest parts of human resource management because of a) there is resistance to delegating on the side of the employer and b) there is resistance to taking delegation on the side of the employee.

The company may be hesitant to delegate important tasks and, vice versa, an employee may be hesitant to take delegation due to a fear of failure. Delegation should run smoothly if you give clear instructions and make sure that the task is not associated with management.

So, the delegation will require proper systems, processes, and procedures in place in your small business. Start working in building these systems, and your delegation process will become much easier.

#3 Workplace Interaction as a part of HRM

In a close, stressful environment, tensions can frequently run high. It’s important for a leader to navigate and decrease workplace tensions to optimize performance. Create open communication and conduct regular meetings, but also make sure that you set up individual meetings on occasion if you would like to hear more in-depth feedback and express concern for their position.

Dragan Sutevski

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan