What Is the Function of Human Resources?  (Part 4)

Having a well-functioning HR department is critical to every business. Their responsibilities include the following:

Human resources collaborate with the company’s top executives to develop a remuneration philosophy. HR experts often do market research to establish a compensation structure in line with industry norms and competitive pay rates.

They also collaborate with insurance brokers to pick health and welfare benefits, such as dental, medical, vision, life, and 401(k) plans.

A qualified human resources specialist can answer employee queries concerning their compensation, vacation, and personal time packages and programs.

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