In the present competitive world, the companies are facing lot of skill shortage, talent crunch and attrition those reached historically height ever, that made the companies feel the internal customer also more important equally with external customers, so every company try to devise best HR practices to attract best talent.
Best practices for recruitment and selection include streamlining the hiring process through tools such as applicant tracking systems and communicating with applicants and candidates about the selection process. Best practices like these prevent a company from earning a reputation for keeping job seekers in the dark, unaware of their status in the hiring process.
At Enchore Retail Solutions we understand the fact that Human resources best practices are culmination of functional activities and strategic plans that enable improved services to employees and increased profitability for the employer.
All our HR best practices go beyond technology enablement and orbit around the following two pillars :
Employee Retention : – Employee compensation and benefits may be the most important area for best practices. Being an employer of choice doesn’t mean your company pays the highest wages or that it offers the trendiest benefits, though. Best practices in compensation requires understanding the value of jobs and their worth in the labor market. Additionally, offering retention-focused benefits packages are among best practices in human resources. Attention to best practices in your organization’s compensation and benefits structure improves job satisfaction, morale and employee retention, all of which have a positive effect on your company’s bottom line.
Performance Management :- Of all the HR disciplines, the employee relations discipline has the broadest reach. Human resources leaders generally have a common goal–to strengthen the employer-employee relationship. An effective way to strengthen the relationship is through a well-constructed performance management system. Employees need feedback. They need to understand their employers’ expectations, and employers have an obligation to provide employees with the tools necessary to achieve high performance. Within the context of HR best practices, performance management comprises job descriptions, performance standards, continuous feedback from supervisors and regularly scheduled performance appraisals. Employers who overlook the importance of feedback may experience high turnover and overall dissatisfaction among employees. On the other hand, employers who engage in best practices demonstrate their commitment to helping employees achieve excellence, and they rank high on the list of top companies to work for. They are capable of maintaining a fully engaged work force that maximizes the company’s productivity and, ultimately, the company’s profitability and success.