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Human Resource Risk Management

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The Importance of HR Risk Management Navigating the world of work is becoming increasingly challenging, and there are many HR risks that organizations need to handle to stay compliant and thrive. HR risk management highlights on analysing the risks that employees of an organization pose to the business. HR risk management addresses risks related to poor employee management, employees’ behaviour, or risks related to the certain ways that human resources use to hire and fire employees. The Relation between Human Resources Management and Risk Management In order for people to understand the relationship between HR management and risk management, they must first understand the role of HR. An effective Human Resources Department helps employees to accomplish career goals. That being said, HR is responsible for staffing, employee motivation, employee training, and several other activities conducted with the intention to accomplish the vision and mission of the organization. An HR Department ...
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HR and Health & Safety

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  Image source: .staffmanagement.com What is HR’s role in ensuring the health and safety of workers?  “Every employee should have the right to show up to work, to do their job successfully, and do it in a safe environment, come home to their family after the work,” says Joey Price. (CEO of Jumpstart HR,) and HR’s role is to ensure that happens. Given their responsibility for people, culture, and associated policies and procedures, human resource management plays a critical role in supporting workplace health and safety. HR management has a responsibility to ensure that the organization is in compliance with Health & Safety Act requirements and that supervisors and managers understand that it is their duty to ensure that the workplace is free from recognized hazards that are causing or likely to cause death or serious physical harm. Management training and evaluation should ensure that managers understand employee rights, including, for example, the right to safety tra...
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Workplace Culture: What is it and Why is it Important?

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  Image source: Factorial HR The culture around us influences everything we do. On a global scale, it influences the food we eat, the languages we speak, and the social norms that are expected. On a smaller scale, the culture of a company can speak volumes to its mission, values, and ideals. What is workplace culture? Culture is all around us, even at work, it is likely defined by different people differently. On the most basic level, Forbes defines workplace culture as: “The shared values, belief systems, attitudes, and the set of assumptions that people in a workplace share.” Work culture guides employees on what behaviours, expectations and matters of importance are part of the company’s current DNA. It also grows and shifts with the circumstances.  “It’s a living and breathing thing that’s evolving all the time,” J.C. Herrera, CHRO at cyber security firm Crowd Strike. Why Is Work Culture Important? Work culture can have a profound impact on several significant aspects...
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Human Capital Management vs. Human Resource Management, What’s The Difference?

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Image source: jobspikr.com The terms Human Capital Management (HCM) and Human Resource Management (HRM) are frequently used by HR professionals. However, there are some important differences between HCM and HRM Today, most organizations focus either on: Creating a fun, exciting working culture, or Producing results But the real magic happens when you bridge the gap between the two. Understanding your human capital while operationalizing human resources is essential to your success in creating a company culture that thrives. What is Human Capital Management (HCM)? Human capital management is a relatively new way of thinking about employees. While the concept of human resources has been around for over 100 years, the phrase human capital emerged in the 1960s during an age of automation. Instead of looking at workers as expendable people who just completes the low-level tasks assigned to them, companies began viewing employees as valuable assets.  Let’s start by understanding hum...
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Internal marketing, impact on workforce

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Image Source: www.shorthand.com As Forbes council member Kristopher Jones said, in enterprise business, there’s an old saying that goes, “If you’re not growing, you’re dying.” And that’s usually true. However, when you’re focused solely on growth, it becomes all too easy to overlook other important things. Among the most important things that sometimes get short shrift are a company’s employees. Typically, the bigger your business grows, the more employees your business needs. The more employees your business has, the harder it is to give them all the attention they deserve. The irony here is that those very employees are actually your best resource for stimulating enterprise growth. So how can you foster a stronger sense of community and commitment among employees while also growing the company, so it’s bigger and better than ever before?  The answer is Internal Marketing. So what Is Internal Marketing? also called as Employee marketing.  Video source: www.youtube.com/@Haiilo...
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Human (Employee) Relations Management, How it Originated

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Definition of Human Relations Management Theory Human Relations or Employee management theory is a proposition of organizational psychology from the early 20th century, which suggests that employee productivity and motivation can be increased through positive social bonds in the workplace and acknowledgement of the worker as a unique individual. It holds that improved working conditions (empowerment, participation, positive treatment) lead to increased productivity. Human Relations management theory originated between 1924 and 1932 during experiments conducted at the Hawthorne plant of the Western Electric Company in Cicero, Illinois. These studies were started by scholars from the Massachusetts Institute of Technology (MIT), in 1927 Elton Mayo and Fritz J. Roethlisberger of the Harvard Business School got involved and eventually popularized the subject (Anteby, M and Khuran R. | n.d). Elton Mayo at Executive Weekend Conference, Harvard Business School, ca. 1950 Image source: HBS Ar...
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Conflict Resolution, an HR perspective

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Image source: unsplash.com Conflict Resolution Workplace conflicts happen everywhere, and ignoring them can be costly. Every unaddressed conflict wastes about eight hours of company time in gossip and other unproductive activities, says Joseph Grenny, co-founder of VitalSmarts. Whether the HR department operates with one or a whole team, managers and employees turn to you when they need help mediating and resolving workplace conflicts. A lot is at stake; employees may threaten to quit or even sue. The HR needs to go in armed with effective conflict resolution strategies to de-escalate tension, get opposing sides to compromise, and console hurt feelings. (HR 101 Guide, 2023 | BambooHR.com). What is conflict resolution in the workplace? Conflict resolution is the process of handling disputes and disagreements between two or multiple parties. The goal of this system is to minimize the negative factors that are influencing the conflict and encourage all participants to come to a common agr...
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