Successful Management & Business Ownership Built on 4 HR Principles

Effective human resources management is a critical component of successful business ownership and management. To ensure the success of a business, managers and business owners must prioritize fairness, clear communication, compliance, and effective employee relations. With these principles, organizations can create a positive and productive work environment where employees feel valued, respected, and motivated to succeed. 

We’ll try to explore these four key principles of human resources management and provide practical tips for how to implement them in your own organization. Whether you are a seasoned manager or a new business owner, this article will provide valuable insights that can help you take your business to the next level.

Fairness and Consistency in Treatment of Employees

Fairness and consistency in the treatment of employees is a key principle of human resources management. For managers, this means they should treat all employees in a similar manner, regardless of their personal characteristics, backgrounds, and more so personal relationships.

Managers should also actively strive to create a diverse and inclusive workplace where all employees feel valued and respected. This includes taking steps to recruit and retain employees from underrepresented groups, and providing training and support to help employees from diverse backgrounds succeed in the workplace.

All employees should consequently enjoy the same opportunities to apply for promotions, transfers, and other opportunities for advancement. Managers should be at the forefront of upholding such standards, ensuring that hiring, promotion, and other employment decisions are not based on discriminatory factors such as race, gender, age, or disability.

Clear Communication of Expectations and Performance Metrics

Managers and business owners should clearly communicate the goals, expectations, and performance metrics for each position within the organization. This will help employees understand what is expected of them, how their performance will be evaluated, and how they can earn that “job well done”.

In this regard, constructive positive and negative feedback is important in creating an atmosphere where employees cultivate their talents. This can include both formal and informal feedback, such as through performance evaluations, informal discussions, and recognition for good work. Consistent feedback can help employees understand their strengths and weaknesses, and also paints managers and business owners as fair and just.

From feedback, employees can expect recognition and rewards. It greatly helps to increase motivation and engagement, and also helps to retain top talents.

Compliance with Legal and Ethical Standards

Business owners and managers must comply with a wide range of legal and ethical standards in order to ensure that their organization operates in a responsible and lawful manner.

For one, business owners and managers should be familiar with the laws and regulations that apply to their industry, including labor laws, anti-discrimination laws, and health and safety regulations. 

In line with familiarization with laws and regulations, business owners and managers should provide training to employees that pertain to said laws and regulations, apart from trainings regarding the organization’s own policies and procedures.

Any violations of laws, regulations, or organizational policies and procedures should also be dealt with swiftly, justly, and without prejudice.

Upholding ethics isn’t just a matter of rules and regulations; business owners should hire manager and staff that embibe the same values and principles that the brand/company is founded upon.

Establishing and Maintaining Effective Employee Relations

In the Philippines, a small “kamusta” and a little bit of time to suss out an answer goes a long way. Establishing and maintaining effective communications channels is a tightrope that managers and business owners need to tread.

On the one hand, Filipinos as a culture are open to each other by nature. However, the same openness can be misconstrued for closeness that crosses professional boundaries. Establishing professional relationships that are both open and constructive in nature while also maintaining an approachable countenance is important in business success.

Always maintain that everything that goes on in the office stays in the office. This will help keep personal feelings literally outside of the workplace. Support this by being approachable and open to criticism while maintaining both a sense of relatability but also professional detachment. This will help employees know that you can be trusted, but also that you mean business.

Business owners and managers can always learn a thing or two especially from professionals that work closely with people like HR. Adhering to several HR key principles helps ensures effective management of employees. It also cultivates a positive and productive work environment for everybody.