The Importance Of Human Resources Management in Your Business

In the XVIII Century, the industrial revolution and economic growth, led to an increased demand for human labour. During World War I, many men were deployed to the army, and the workforce needed to be replenished. As a result, more women entered the workplace to fill those gaps. For companies to adapt to the ongoing changes, there needed to be some formal organizational structures in place to transition unskilled women into the workforce, job training, and adjustments for fluctuating number of workers.

This created a need for a branch of any new rising industries to find mechanisms to monitor and train the ever-growing workforce. Management of these new industries (such as engineering) began to see a benefit in retaining employees skilled in the craft who were an integral part in bringing the production of goods or offering of services in that industry. Thus, losing these valuable employees would have a negative financial and operational impact on the company.

HRM is an umbrella wing of most modern businesses around the world. Their responsibilities are vast and include, but are not limited to, organizational development, monitoring employee absence, rewarding employee performance, and ensuring diversity in the workplace. HRM is also responsible for interviewing and vetting new entries into the company, and with that, the training and development of new employees’ skills to best suit the workplace.

The formula for a successful business is simple from the organization's point of view. A company needs an efficient workforce to conduct its business. An increase in employment opportunities signified that workers could be more selective about which employer they wanted to work for. Therefore, hiring valuable employees and retaining them became far more challenging over the years, and as a result, new approaches have been studied and developed to determine how employers could keep valuable employees satisfied in the workplace.

One of the Human Resources Management key responsibilities is to assure employees are treated and paid fairly for their efforts. They create and implement policies and procedures to ensure that if there are employees to employee or employee to management concerns, those are addressed accordingly, and the ground issues are addressed. HRM also establishes the benefits that employees gain by working for the company. These, among others, several approaches are the essential components that contribute to business growth and sustainability.

In some regions of Guinea-Bissau, the role of Human Resource Management is widely unutilized. Common business failures often disseminate from poorly developed management systems and high reliance on untrained personnel. In some respects, Guinea-Bissau’s newer industries are growing and beginning to experience the boom that other parts of the world experienced when HRM first came into existence. Perhaps it was not formerly a visible need for this as the status quo prevailed across many industries. However, as Guinea-Bissau various industry sectors are growing, a more structured approach brought up by HRM would be highly beneficial.

Without the presence of HRM, the workforce may repel against certain rules or procedures. If benefits and compensation schemes are not clearly defined and established, companies face the risk of consistently losing highly valuable and talented personnel. In addition, a significant number of industries in Guinea-Bissau are uncoordinated and are driven by forces outside of the continent. This signifies that companies in Guinea-Bissau have less influence on how their own labour and industry is regulated and controlled. Without the presence of HRM, the enforcement of employee attendance and a system rewarding good work is more complex to manage.

Human Resources Management is crucial to the success of any modern business. With a clear structure of work rules, guidelines and behaviour, employee training, skill development programs, clear communication, benefits and compensation schemes, as well as a structured process of handling workplace issues or disputes, can make the work environment vastly more productive and sustain a happier, more productive labour force.

To learn more about how our team of HR consultants can help, contact us today on:

+245 965030326

+245 956636825


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