It is also meant to ensure that the organizational goals are met with efficiency. Performance Management: It is meant to help the organization train, motivate and reward workers.Performing employees seek raises, better salaries and bonuses. Money is the prime motivator in any job and therefore the importance of this process. Employee Remuneration and Benefits Administration: The process involves deciding upon salaries and wages, Incentives, Fringe Benefits and Perquisites etc.Training and Development: Those processes that work on an employee onboard for his skills and abilities upgradation.Hiring: Deciding upon the final candidate who gets the job.

Aims at short listing candidates who are the nearest match in terms qualifications, expertise and potential for a certain job.

Selection: The next level of filtration.

Recruitment: It aims at attracting applicants that match a certain Job criteria.

Right but incomplete! It also involves the processes of Evaluation, Promotion and Layoff.

Human Resource Planning: Generally, we consider Human Resource Planning as the process of people forecasting.

To exemplify, the PMS (performance Management System) of an organization like Infosys would different from an organization like Walmart. You start from Human resource Planning and there is a continual value addition at each step. This means that each process is subservient to other. The efficient designing of these processes apart from other things depends upon the degree of correspondence of each of these.

Employee remuneration and Benefits Administration.

Human resource planning (Recruitment, Selecting, Hiring, Training, Induction, Orientation, Evaluation, Promotion and Layoff).

The following are the various HR processes: But what exactly are and entails these processes? Lets read further and explore. At the base of this strategy formulation lie various processes and the effectiveness of the former lies in the meticulous design of these processes. The same is achieved by formulation of certain strategies and execution of the same, which is done by the HR department. Each organization works towards the realization of one vision.

Hr policies of infosys pdf software