2.1.2 Practices and Best Practices

Lesson Progress

2.1.2 Practices and Best Practices

Practices refer to the systems used in organisations in regular operations. These are the accepted, normal, and customary ways of engaging in business. On the other hand, ‘best practices’ refers to the human resource systems in place that positively and most effectively impact the organisation. Some best practices that are relevant to you include:

  • Selective hiring

Your organisation’s hiring practices are a reflection of its mission, vision, and goals. The most important thing to note in hiring is that you ought to have a level of selectiveness. This means that you do not simply hire people to fill vacancies. Rather, you ought to hire the right people who are fit for the job. Every organisation wants to have the best employees because this builds competitive advantage and ensures that goals are more effectively and efficiently met.

  • Training

Once you have hired the right people, you must ensure that you take care of them. In this regard, investing resources in training your employees is key. From their orientation and onboarding, you must ensure that you empower your people to be their best. Develop relevant skills to ensure that they continue to grow within your company. Aside from the benefits this will produce on an organisational level, this is beneficial for your employees on an individual level. Seeing their growth would inspire them to continuously remain committed to the company and its goals as doing so enables them to reach their own goals as well.

  • Performance-based compensation and bonuses

Fair compensation is important for any employee. If you hire the right people in your organisation, it is all the more important that you compensate them properly. Provide above-average compensation for your people to encourage them to stay committed to their work. In order to ensure that this compensation is not put to waste and that your people continue to add value to your company, you should set up measures and indicators of their performance and use these as the basis of the compensation they receive. This will likewise keep them in check and ensure that they work effectively and efficiently. Additionally, if you want to increase the quality of work, it would be beneficial for you to set up performance-based bonuses. This means that if employees go above and beyond the minimum expected outcomes, they will be rewarded. This practice would encourage as well as condition them to work more effectively.