Human resources (HR) is one of the most important assets for any organization. Your employees are your greatest resource. Treat them fairly and offer them opportunities to advance and they’ll help you achieve your business objectives–this is the main purpose of HR in an organization.
So, as you set up a business in Mexico, your first major concern should be where and how to get the right human resources team. You’ll need people to work in different departments within the facility, including facility management, finance, production, warehouse, and more. As an international investor establishing a manufacturing plant in Mexico, you might have a hard time hiring the right people.
This is why you need to work with a partner like Tetakawi that understands the local business market. With Tetakawi softlanding systems, your business will easily cover all its regulatory, human resource, operational, and environmental requirements. We’ll help you to set up the factory, hire workers, and manage your facility so you can focus on other core areas of your business without worrying about getting the wrong workforce.
What Is Human Resources?
‘Human resources’ is a general term used to define the process of acquiring, managing, and developing employees in a company. It involves improving the performance of employees. Previously, the HR department only focused on recruiting, onboarding, and firing employees, but today, the department’s scope of work has widened, covering a broader range of responsibilities.
The most basic functions of HR include recruitment, onboarding, payroll management, employee benefits, holiday management, employee training and development, employment regulation compliance, and safety regulation compliance. Additionally, HR develops a positive business philosophy and improves employee engagement and productivity. This department is also responsible for ensuring that employees get their benefits and achieve personal development.
Importance of Human Resources
One of the biggest mistakes that organizations make is to overlook human resources. Many businesses start out well but lose their momentum shortly after because they don’t know how to manage their human resources; managing your workforce well is a huge undertaking that requires special skills, which is why you need to have a team of qualified and experienced HR managers to effectively manage your personnel. As a business owner, you should be able to leave the work of hiring, managing, and compensating employees to your HR team.
It’s very easy to downplay the need to have a robust HR team, especially when you’re running a small business. You’ll assume you’ve got everything under control until you start seeing backlogs and missing important deadlines. These may seem like ordinary business hiccups, but they’ll eventually have a serious effect on your bottom line.
With a professional and reliable HR team, you can rest assured that your business will have enough employees with the right skills and attitude to help you achieve your overarching goals. HR managers make sure that the people they bring on board are qualified for the job and have the passion to help your business achieve its objectives.
At first, you may be able to handle human resources functions perfectly by yourself, especially if you own an SME–but as your business grows, you won’t have enough time to take on the day-to-day HR management tasks. Trying to combine these tasks with other core functions like production and sales is a costly mistake that will affect the overall success of your business.
You might end up having a dissatisfied workforce, the impact of which will eventually be felt in every area of your business, especially in regards to production and revenue flow. It’ll also lead to your employees adopting the wrong business culture, which can result in a steady decline in productivity. Without a properly structured HR team to manage your workforce, your employees will feel unsupported, which will ultimately kill their motivation.
They’ll end up working long or fewer hours and miss important opportunities to grow their careers. The lack of a well-structured HR team will have a serious effect on the people within your company, business philosophy, bottom line, and the overall success of your business.
The people you bring on board also have a direct effect on your brand’s image and reputation. It’s the work of your HR team to ensure that the people working for your company complement your brand’s status in the eyes of the consumer.