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Tag: HR

importance of a human resource team

The Importance of a Human Resource Team, Even in Your Small Business

Human Resources, a.k.a. HR, is the foundation for cultivating an effective and positive workplace.

The importance of your Human Resource Team is more than just having someone in place to help with the hiring process. HR takes on several roles with the fundamental purpose of supporting the company by managing the employees. HR also works to reduce exposure to risk and the time spent on trying to figure out whether your company is taking the best and most effective action. Businesses that lean on their experienced HR team have greater success in maximizing business performance and improving both employee & customer satisfaction as well as profitability.

What are HR Functions?

What are HR Functions?

HR is an important function within a business regardless of size, industry, or location.

Having someone fully focused on one of your biggest assets (your staff) is invaluable! So, what are the major HR functions and responsibilities?

Major HR Functions

While the activities of your HR staff are wide-reaching, they are all focused on your employees. Your HR ensures that your employees are treated properly, and the employment is mutually beneficial for employee and employer. The five core functions are:

  • Staffing
  • Development
  • Compensation
  • Safety & Health
  • Labor Relations
Should an Owner be in charge of HR?

Can an Owner be in Charge of HR?

As a small business owner, you might not have the capital to hire a team member for every department.

You’re probably wearing most of the hats yourself, but can an owner be in charge of HR? The short answer is a yes, but. Yes, you can do it yourself, but there are some drawbacks to having an owner running human resources.

Small Business Bookkeeping Blog