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HR Functions: 1. Employee Finances

HR functions include managing employee finances like payroll, loans, and incentives; maintaining employee attendance, leaves, and grievances; ensuring a positive work environment through workplace maintenance, feedback, and team building; monitoring performance through assessments, feedback, and improvement; and handling onboarding and offboarding processes like recruitment, onboarding new employees, and offboarding departing employees.

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Vishnu Ch
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128 views2 pages

HR Functions: 1. Employee Finances

HR functions include managing employee finances like payroll, loans, and incentives; maintaining employee attendance, leaves, and grievances; ensuring a positive work environment through workplace maintenance, feedback, and team building; monitoring performance through assessments, feedback, and improvement; and handling onboarding and offboarding processes like recruitment, onboarding new employees, and offboarding departing employees.

Uploaded by

Vishnu Ch
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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HR Functions

1. Employee Finances
a) Payroll processing: A complete roundup of all the cash inflows and outflows
from and to the company.
b) Employee loans: Providing loans to employees on request and creating a
suitable repayment plan i.e. deciding on the repayment period, interest rates,
etc.
c) Incentives, Bonuses: Assess when and how an employee should be granted
an incentive or a bonus.
d) Asset management: Maintain tabs on all the assets allotted to employees and
their condition from time to time.
e) Expense reimbursement: Reimburse the employee’s spending towards the
firm after verification with appropriate proofs of the spent amount.

2. Employee Maintenance
a) Attendance management: Checking if each employee is working his/her
share of hours every day, making sure that the tracking system is effective
and suitable to all teams.
b) Leave management: Assigning appropriate leave plans to each team,
verifying and approving/rejecting leave requests timely.
c) Grievances: Addressing Employee grievances, workplace related or
otherwise.

3. Workplace maintenance
a) Workplace hygiene: Creating a nurturing, relaxing and well-equipped
workplace.
b) Feedback: Collecting timely and effective feedback from the employees
about the firm.
c) Team building: Implementing team building exercises to promote cross team
interactions.
d) Law compliances: Ensuring all existing and new work policies are compliant
with the laws of the region.
4. Performance Management
a) Performance assessment: Creating comprehensive reports of each
employee’s contribution to the company.
b) Performance feedback: Providing quality and continuous feedback on each
employee’s work.
c) Performance improvement: Making sure the employee knows where he
stands in their team and what is expected of him/her, implementing
appropriate training strategies to strengthen the employee’s skills.

5. Onboarding – Offboarding
a) Recruitment: Devising recruitment strategies that are as broad as they are
deep i.e. testing ample number of candidates in ample competencies.
b) Onboarding: Making sure a new hire fits well in the firm i.e., submits all
required documents, is allotted a good workplace, has access to all
workplace facilities, fits in with the team, etc.
c) Offboarding: Making employee exits easy and quick by making sure that all
the assets are handed over back to the firm, salary is credited according to
the company’s policies for in-month exits, proper F&F settlement is made,
etc.

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