Human Resource Management & Industrial Relations
FHH Consultants are formidable partners in the market with a presence across a multitude of industries. Our staffing solutions include Recruitment, Human Resources, Industrial Relations and Payroll Services.
In this article, we will be identifying the key characteristics and comparisons between Human Resource Management and Industrial Relations as well as the importance of both functions.
Human Resource Management focuses on the ways of effectively managing the human capital in an organization. There are several functions of Human Resource Management and can be categorised according to the following:
- Recruitment and Talent Acquisition
- Organizational benefits and Compensation
- Performance Evaluation
- Employee Relations
- Enforcements of Disciplinary Actions
- Employee Records and Maintenance
- Learning and Development
- Off-boarding Procedures
Additional components of human resource management functions extend to a strategic and comprehensive approach in creating a productive workplace culture and environment.
Industrial Relations primarily have the functionality of establishing and maintaining good standing relationships between employers and employees. There are varying types of industrial relations which can be categorised into Labour relations which is the relations and collaboration of union management. The other categories include Group relations between various groups of workmen as well as Employer-employee relations.
The role of Industrial Relations in organisations is pivotal to achieving strategic, tactical and operational goals. Collective bargaining and active participation through the appropriate legislation and mechanism ensures fair and equitable treatment of employees.
The importance of Industrial Relations can assist with dispute management and resolutions to create harmonious industrial relationships. This can in turn reduce the likelihood of industrial disputes such as strikes, lockouts or go-slow tactics which can ultimately affect productivity in the long run.