Every successful company has a human resource department because they understand the value and essence of the department. You should ensure that your business has this department if it is missing. This is because the hr department undertakes some of the most essential responsibilities in a company. Go through this article and get to understand the importance of hr department in a dentistry company.
1. It Manages The Company Strategically
Human Resource department is one of the most vital departments of a company. Your company should not miss this department as this is the central government of your company. The fact that the department manages the inflow and outflow of cash in the company makes it an important management spot of your business. Leaders of the department ought to be highly competent and equipped with excellent qualities of leadership. Most of the time, the manager of the HR department is the overall manager of the company. It is the HR department that makes decisions for the company as it does assessment of staff and makes projections of company.
2. Manages Finances
All salaries and dividends of the company are managed by the HR employees. Not only does the hr department manages salaries and wages, but also the revenue of the company. Mostly the top hr reports give a clear description of how funds and time have been used in the company. The reports also highlights on the income generated by the sales of the company and the loss incurred. With the aid of the report, the firm is in a position to analyse its performance and know where the gaps are so that it can work towards providing solutions. Ensure that the HR employees you hire for your company are qualified and trustworthy.
3.Training And Developing Employees
It is the role of the human resource department to identify the weaknesses of the employees so that they can help in developing them. Analysis of the employees is done by the department and the performance of each worker is known by the HR department. Once they have analysed the performance of the employees, they can now identify the weaker ones. They can then come up with strategies on how to improve the productivity of the employees. One of the most effective ways to develop the employees is by organizing some training for them. The Hr department looks for a trainer who can train the workers from within or outside the company.
4. Recruitment Of New Employees
The Hr department also has the responsibility of hiring new employees. When the company is need of employing new staff, it submits the request to the HR department. The Hr manager organizes on how the procedure for hiring will be. The department does all the job ranging from advertising for the vacancies, shortlisting of the qualified applicants, contacting of the applicants for interview, doing the interview, contacting the referees, contacting those who have passed the interview and orienting them to the company. It is the work of the HR department to ensure that the company hires qualified employees and assesses their qualifications as well.
5. Maintains Compliance
Any company running in the United States should adhere to the federal employment roles of the state. There are some necessary documents that the company ought to fill and sign and this is the work of the human resource department. It is upon the department to ensure that the revenues of the land are paid in time ranging from taxes and all other payments. If there is need of renewal of the licence, it is the HR department to ensure that upon the expiration of the licence, they renew I.e Company that is not following the laws of the land is prone to closure its businesses terminated. The human resource department should be on toes and be able to be aware of any changes concerning the business laws and commerce in general.