Human Resource Management
Human resource management (HRM or HR) is the strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer’s strategic objectives. Human resource management through Microsoft Dynamics 365 Business Central is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and benefit systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and governmental laws.
The overall purpose of human resources (HR) is to ensure that the organization can achieve success through people. HR professionals manage the human capital of an organization and focus on implementing policies and processes. They can specialize in finding, recruiting, training, and developing employees, as well as maintaining employee relations or benefits. Training and development professionals ensure that employees are trained and have continuous development. This is done through training programs, performance evaluations, and reward programs. Employee relations deals with the concerns of employees when policies are broken, such as cases involving harassment or discrimination. Managing employee benefits includes developing compensation structures, parental leave programs, discounts, and other benefits for employees. On the other side of the field are HR generalists or business partners. These HR professionals could work in all areas or be labor relations representatives working with unionized employees.
A module to build comprehensive records of employees to include attendance tracking, run “what if” scenarios with salary adjustment projections, access to numerous standard and customizable templates to streamline the recruitment process, standardize the process for performance reviews, facilitate information-sharing with seamless integration to Microsoft Dynamics 365 Business Central payroll and general ledger applications.
HRM Self Service Suite:
Personalized, secure portals to review expenses, pay and benefits, personal profiles, attendance records, recruitment, promotion and training opportunities, enter holiday requests as well as share selected data across the organization. Reduces administration costs and eliminates need for paper.