Not everyone is cut out to become a good HR manager. HR managers have to be a sole point of contact between all these departments not only during recruitment drives but even during a regular operational cycle of the company. And this is where HR comes into play to synchronize all the recruitments, however different they might be in their functions and methods, to fall in line with the vision, mission and goals of the company. Talent acquisition, recruitment and training- The place, time and methods of recruitment for a company with various departments like engineering, finance, marketing, productions, etc are different from one another.A good HR team will consider all aspects judiciously, from financial aspects to legal and humanitarian aspect, before coming up with a robust compensation and benefits scheme. Compensation and benefits- Starting from cost-to-company, to various compensation and benefits policies that help retain employees and reduce attrition rates, the responsibilities fall on the HR employees coupled with the dynamics of framing these policies.Right from the hierarchical structure, to organizational design, they frame the entire human resource policy in line with the company’s vision and mission Planning and organizing- They form the basis of the company’s HR policies.
In the figure below, we can see the main components of the concept of human resource management
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