Human Resource Management (HRM) is the strategic and a key essential approach towards the management of an organization's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "Human Resource Management" and "Human Resources (HR)" have largely replaced the term "Personnel Management" as a description of the processes involved in managing people in organizations. In simple sense, HRM means employing people, developing their resources, utilizing, maintaining and compensating their services in line with the job and organizational goals.
The current economic climate is forcing organizations to explore tactics to remain competitive. Business Process Outsourcing of certain functions is an increasingly popular way to improve basic services while allowing HR professionals time to play a more strategic role in their organizations.
Falco Peregrinus offers you a variety of HR Management services spread across the following HR Towers :
Workflow intelligence tower deals with providing strategic business intelligence in the areas of conducting employee satisfaction studies, integrated benchmarking. Workflow intelligence also includes the ability to provide analytical assessments and analytical consulting to help our clients make strategic interventions in the workflows.
Learning tower provides an overarching mechanism to perform curriculum survey and analysis, assessing the overall learning organization assessment and determine the learning maturity score. Determining the best delivery mechanism based on the organization and providing administrative services such as Catalog Management, Capacity Management, Instructor and Schedule Management, Registration and Enrollment Management etc.
Organization Development tower helps an organization develop a strategy for doing Competency Management and Succession Management and Planning. This tower also helps determine the Communication Strategy, Change Management Strategy, Culture Determination, help and manage organization development through mergers and acquisitions.
Performance Management towers helps an organization create Performance Development Plans, Manage Performance Feedback and Appraisal Process, determine and administer performance improvement plans after having set up performance objectives for the organization.
Benefits broadly get categorized as Health and Welfare Benefits, Absence/Leave Management, Government mandated contributions and benefits, providing affiliated benefits such as tuition and transportation benefits.
Payroll is a crucial function of any HR organization and many a times a team in itself. Payroll tower provides core functions in the payroll area such as Time & Attendance Administration, Workforce Management, Payroll Reporting and Analytics, coordinating with banking institutions for salary credits and various statutory filings
HR Administration typically deals with new hire management, separation management, Life cycle data management and communications. This is a pivotal tower as all data management and storing get managed by functions of this tower.
Compensation tower helps organizations design and define the compensation strategy and calling it with the overall revenue goals, managing the entire compensation planning exercises. Compensation tower also helps deliberate on board compensation, compensation allowances.
Recruitment and resourcing
This towers most crucial function is to manage the Hire & Onboarding Process. This tower also helps with selection of candidate, source from vendors if required and provides specialized staffing.