What Does an HR Manager Do

hr meeting

HR department job descriptions can be confusing to those who are not familiar with the general business environment. HR does not simply stand for “Human Resources.” In fact, HR professionals deal with many employees within an organization and its many activities. This makes HR the first line of communication for a manager to his or her employees. As such, understanding the purpose of HR within a business is critical for managers to effectively lead their teams.

HR definition

HR” is a broad term used to define the department or personnel within a company that provides sustainable support for the organization’s activities. The primary function of HR is, of course, to provide employees with a fair and consistent compensation and benefits package as well as a work environment that is productive and enjoyable. But the goal of HR, according to some specialists, is far more than merely meeting the needs of an employee. HR is an agency created by and for the benefit of a company.

Conduct interviews

Managers play a key role in HR because, as their name suggests, they direct the HR department. In addition, HR managers often conduct employee interviews and review applications. To perform these important functions, a manager must have outstanding communication skills and interpersonal skills. Human Resources, or HR, has many responsibilities within the larger organization. For example, HR manages or directs all employees’ lay-offs, terminations, recall requests, disciplinary action, and other events. If an employee violates the company’s HR policies, HR takes responsibility for investigating the situation and making appropriate corrective actions.

 

hr meetingProvide training

Other responsibilities of HR include providing training and workshops to employees to enhance their job satisfaction; develop and implement comprehensive employees development programs, such as career transition planning and inclusion; develop methods of workplace improvement; establish guidelines for promoting and advancing employee engagement; conduct employee monitoring and reviews to ensure compliance with company policies; and monitor productivity, quality, and cost. HR also has a vital role in implementing changes to organizational policies, such as promoting and implementing balanced workforce planning and organizing workforce compensation. By law, HR must maintain records regarding employment practices and comply with legal requirements concerning whistle-blowing and worker compensation.

The overall direction of the HR department

Although HR performs many vital HR functions, many wonder what exactly an individual who has entered into the role of an HR manager does. An HR manager is responsible for the overall strategic direction of an HR department. Some HR managers oversee the entire department, while others are responsible for a specific area or a number of areas. In addition to overseeing HR activities, an HR manager must maintain communication with employees, consultants, and outside vendors. It is the duty of the HR manager to implement cost-saving initiatives, assist with employee recruitment, and provide support for the overall organizational development. Additionally, the HR manager will be responsible for managing and developing the organization’s talent management plan, engagement strategy, and talent and skill management plan.

The manager must keep in mind that the HR department is part of an organization’s larger strategy to increase corporate sales. If an organization wishes to maximize its profit potential, it must recruit, retain, and develop the best individuals available. There are many tools that can be used by the HR manager to assist in these efforts, such as offering incentives for high-level employment, creating an environment of continuous professional development, and maintaining an effective and efficient compensation package for all employees.

There are several areas that an HR manager may focus on. One important area is strategic planning. This includes everything from setting company policy to assessing the success of a particular HR recruitment initiative. Another important area is employee compensation. It is the responsibility of the manager to implement a compensation plan that provides the right compensation for each individual while also providing a competitive benefits package.

Finally

Human resource management is a continuously evolving field. This is why the manager must stay informed about new trends in this exciting career field. Learning what is new and developing strategies for new goals are the hallmarks of being a successful manager. With a good understanding of today’s business world, skills in research and development, knowledge of employee motivation, and a solid understanding of the benefits of an individual’s talents, one has a good chance of becoming a successful HR leader. What is an HR department? It is much more than just a title.

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Why You Should Listen to Business Podcats

podcast

It may sound a little odd when you first hear about people who listen to business podcasts. After all, if you’re used to reading business magazines and newspapers, you probably took for granted that you could simply skim an article here and there to get the information you needed. But podcasts, and especially radio shows, can offer a great deal of information that you might otherwise miss out on.

First of all, you should be able to understand why people listen to business podcasts. They are essentially aimed at helping you become better organized and effective in your professional life. So why would someone want to do that? There are actually several answers to that question, but perhaps the most important one is that it can help you learn a lot more about a particular subject or industry than you would by just reading books on the subject. Books on a subject can be informative, but you may not always learn everything you are looking for. But on a podcast, you can almost always find out everything you want to know about that particular area because there are several shows about virtually every topic under the sun.

Focus on practical things

Another reason that it’s good to listen to these podcasts is that they often focus on the practical side of things. Entrepreneurs will often tell you that they do not listen to business magazines because each article is essentially a commercial for a product. Podcasts, however, are often more entertaining because they are about more mundane topics, like the differences between two kinds of bread. It’s no secret that entrepreneurs need to constantly be striving to be better at whatever it is they do. By listening to one of these podcasts, you can learn a lot more about what’s going on in their lives and maybe even find out something you didn’t previously know.

podcast

Become a better leader

The other benefit of being able to listen to these podcasts is that they can make you a better leader, as well. In fact, it is widely believed that some of the best leaders in the world are also very successful entrepreneurs. That is because they are able to apply their entrepreneurial skills to all aspects of their lives. When you are an entrepreneur, you are always trying to improve your business, and you are always trying to create new products. You are also always thinking of ways to expand your business. So, if you are in a position to listen to an entire podcast, you will have a better idea of how you can improve your leadership skills.

One final reason why it’s good to listen to business podcasts is that they can help you get more clients and customers. Of course, this all goes hand-in-hand with being a great leader, but the two go hand-in-hand when you are an entrepreneur. There are plenty of great online business opportunities available, but few of them actually allow entrepreneurs to build huge businesses. There are some opportunities that can bring in hundreds of thousands of dollars every month, but most of them require months of work. On the other hand, if you build a solid foundation, which is required for an online business, you can easily earn six figures a year. You see, it really doesn’t matter what type of online business you want to start; if you do not learn how to attract clients and customers, then you will never make any money.

podcast

Develop business mindset

So, if you are trying to develop your mindset, and you are trying to develop your skills in order to become a better leader, you may want to consider listening to podcasts. Not only will you be learning valuable information, but you will also be listening to people who are going through the exact same experiences you are at the moment. This is definitely something that is of benefit to you, and it will help you grow personally and professionally. You will also be able to learn from the best entrepreneurs in the world, and you will be able to put all of that knowledge to work towards empowering yourself with even more success.

Completely free

Perhaps the greatest thing about podcasts is that they are completely free. If you look at the official iTunes store, you will see there are literally millions of podcasts that you can listen to! When you start seeing that number swell up and start adding up each day, you will start to see just how many people are using podcasts to promote their businesses. In addition to being free, you have the opportunity to brand yourself and your image on the internet in a way that very few people are capable of doing.

Finally

Once you start branding yourself and promoting your image on the internet with podcasts, you will never stop growing. There are currently over 22 million podcast episodes out there, so you are never going to run out of opportunities. The most important aspect of listening to business podcasts is that you will want to make sure that each episode is full of content that is relevant to whatever it is that you are promoting online. If you fail to do this, you could potentially damage your personal reputation as well as your business reputation. Make sure that you do not rush into starting an internet marketing campaign without doing your research first.

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Benefits of Running a Business from Home

man working from home

The benefits of working at home include; reduced commute times, the ability to work from home alone, flexibility, and numerous savings. Here are some of each to help guide you as to whether working from home really is for you. There’s greater flexibility. Working from home enables you to work when your best hours, wear whatever you are most comfortable wearing, and create a workflow that works best for you in any given situation.

Hiring employees

It also means you don’t have to hire employees. The majority of advantages come from the fact that you can “hire” employees through remote employment firms. They are called contractors. In other words, you can hire them and then you control their workload, expenses, and more. You only pay them for the work they do for you-which is one of the most advantageous parts of work-from-home.

man working from home

As a boss, you have control

You have complete control over the working hours, benefits packages, costs, and more. This gives you the ability to determine the most profitable work schedule. There are no limitations as to how many employees you can have and at what salaries you can offer them. When it comes to disadvantages, it usually comes from how there may be other disadvantages you weren’t aware of before.

Flexibility

Flexibility is vital in any type of business. Work from home businesses is no different. There will always be distractions in your office space. However, when distractions are eliminated, productivity increases. When people feel more comfortable in the workplace, they perform better and this increases your profits and the quality of your services or products. While the main complaint against having a distracting environment is that people keep interrupting you while you’re supposed to be working, there is also a much bigger problem with how we handle our own distractions in the first place. A huge part of the problem is our environment. If you’re surrounded by people, appliances, and things that constantly distract you, it can be difficult to stay focused and on task. This is especially true if you have to deal with several distractions at once or if you’re always surrounded by other people or appliances.

Work-life balance

When your customers or clients feel that your services or products are worth buying, you have to maintain a good working-life balance. You need to make sure that you are able to maintain a good, healthy, and stress-free working-life balance. Remote work enables you to maintain a good working-life balance. Remote workers are not bound by traditional workplace policies such as sick days, holidays, physical disability, or company rules. Employees feel that the rules do not apply to them, and they feel more relaxed when working remotely. The result is a more satisfied employee base, more satisfied customers, and ultimately, more profit.

woman with children working from home

Higher level of motivation

Work from home also means greater levels of motivation. A lack of motivation in the workplace can lead to a loss of productivity and income. When your employees feel that their work does not matter, they will be more motivated to complete work. When your employees feel like they are doing something important, they work harder. You will also have a better and more productive workforce with higher levels of motivation. It is also beneficial to the environment because increased productivity means lower emissions which leads to a cleaner environment.

Increase in morale

A final benefit of remote work-life balance is that it increases employee morale. People enjoy flexibility and choices. When your employees feel like they are in control of their working schedules, they will be happier, healthier, and less stressed. They will return to work with increased energy and enthusiasm. This will improve your business and help you stay ahead of the competition. When people are happy and healthy, they are much more productive, which leads to increased revenue.

Finally

Remote working can be an incredible opportunity to increase productivity. If you are willing to take the time to adjust your work-life balance and create a high level of motivation and productivity, remote working could be perfect for you. It can provide a great opportunity to increase your income while having the freedom to do what you want.

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Leader’s Advice: How Pavel Melnikov Reached the Top of His Industry

Leader's Advice: How Pavel Melnikov Reached the Top of His Industry

Do you love reading inspiring stories about success? Yes! Well, here’s one about Pavel Melnikov, the famous entrepreneur and investor from Russia.

The most interesting thing about his story is that he built an empire in the plumbing engineering industry – that’s right! Pipes, faucets, filters, water meters – you name it, Pavel Melnikov and his company VALTEC got it.

Want to find out more? Read on.

The plumbing engineering industry

The plumbing industry is on a steady rise worldwide. If we look at the numbers, we can see that the revenue of the wholesale of hardware, plumbing, and heating equipment will amount to millions and billions of dollars by 2024.

Taking a closer look at Europe, we have:

It looks like the competition in the sector has always been quite high, and these trends suggest that it will become even stronger.

VALTEC products
VALTEC products

Pavel Melnikov as the innovation leader

One thing that has made Pavel Melnikov and his company VALTEC stand out in the manufacturing and trading of the sanitary and plumbing products sector is the innovation-oriented approach. 

With more than 30% share in certain positions in the Russian market, VALTEC has become one of the most recognizable brands and trademarks in the industry.

None of this would have happened if it weren’t for the innovative mind of Pavel Melnikov who today has over 100 patents for various types of heating and plumbing equipment.

It all started with the import of Italian radiators to Russia. Melnikov quickly realized that many of the sanitary engineering products could not meet the local regulations and operating condition requirements of the Russian market because of the challenging characteristics of the heating and water supply systems in Russia. 

Together with his new partners from Italy, Pavel Melnikov developed a new brand and an entirely new line of products adjusted for the Russian market, many of which were designed and patented by Melnikov himself.

Thanks to his accumulated experience in engineering of plumbing products, Melnikov has also developed brands such as MINKOR, TENRAD, and BRIXIS which are now parts of his vast array of registered trademarks. Moreover, different kinds of heating and water supply appliances such as radiators are today produced in other countries like Italy (BRIXIS) and China (TENRAD), and other sanitary engineering products are produced in Turkey, Spain, and Germany as well. 

Pavel Melnikov - Industry leader
Pavel Melnikov – Industry leader

Pavel Melnikov’s diversification into other businesses

Every great business leader knows that a company or entrepreneur needs to diversify into additional fields to secure success.

We can see that Pavel Melnikov is definitely a follower of this business approach by looking at all the other companies he has founded. 

Next to VALTEC, MINKOR, TENRAD, and BRIXIS, there is VestaTrading, a leading retail chain in the supply of modern materials and equipment for heating and water supply systems, and ENERGORESURS, a company focused on maintenance and servicing of electric networks and heat production. 

In the Laboratory for Comprehensive Testing of Elements of Engineering Systems (LaKIELIS), all the products undergo comprehensive quality tests from raw material research to final products of engineering equipment and systems.

Additionally and not directly connected with the engineering plumbing, Melnikov leads a real estate management company Luch LLC and leases retail and office premises in Saint Petersburg, Russia.

Quite impressive, wouldn’t you agree?

Final words

Pavel Melnikov’s story and rise to the top of a huge industry such as the manufacturing and trading of sanitary and plumbing products is a story of innovation and courage. His innovative brands and products have managed to meet the requirements of a very demanding market. Today, VALTEC quality is recognized across the world and there is no doubt that it will hold the leading position in the years to come.

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Lighting the Workplace: A Perspective for Safety and Productivity

Lighting the Workplace

Workplace safety is one of the biggest concerns for any business owner. While in residential and public properties the primary considerations are related to the aesthetic aspect of lighting, in commercial environments, it’s also important to consider its impact on workers’ safety and productivity. Let’s expand those considerations into eight reasons why you should invest in reliable lighting solutions. 

Reduces trips and falls

Regardless of your business niche, shadowy and poorly-lit areas are constant workplace hazards. Especially unpredictable in environments with heavy machinery or dangerous materials, insufficient lighting combined with unregulated storage presents a tripping risk that can lead to serious injuries and even death. LED lighting not only illuminates the immediate workstations or manufacturing lines but can also be directed to eliminate shadowy areas, contributing to greater overall safety.

 

Protects your premises against external threats

Properly graded LED lighting in parking lots and perimeter lamps makes the workplace not only safer for employees and customers but also protects the building and its contents from unlawful entry and crime. Eliminating shadowy areas with more capable lighting is an extremely cost-effective deterrent, and if you combine additional floodlights with motion sensors, you can expect any unwanted activity around your building to fall on a minimum. Not to mention that upgrading to LED has an abundance of other cost-saving benefits. 

Lighting the Workplace

Improves color rendering

Typical high-pressure sodium bulbs (HPS) that are traditionally used in industrial and warehouse environments come with color-rendering index (CRI) of less than 30, the effect of which is an unnatural orange glow that makes colors difficult to identify. While they provide enough illumination, they make it difficult for workers to distinguish between colors on hazmat labels, wiring, and many other items that rely on color-coding for proper use and safety. Industrial-grade LEDs, on the other hand, provide a CRI of 70 and above, ensuring a much more natural color palette that significantly improves worker’s color perception. 

Improves alertness

Fatigue and eye strain are often listed as circumstances that lead to a work-related injury or accident. In facilities that depend on overnight shift work, this issue is even more serious. High-pressure sodium (HPS) lights have poor CRI, which has been related to lower mood and energy levels among employees. Modern commercial LED solutions can increase safety in the industrial workplace as the white light they produce has a composition closest to natural sunlight, while their elliptical light distribution is ideal for spaces with narrow and elongated geometry, such as warehouse and assembly lines. 

Reduces workplace temperature…

Traditional lighting fixtures produce high heat that makes warehouse temperature unstable. For example, a facility can be cool in the morning, only to become warm and stuffy in the afternoon. Unless compensated with a quality HVAC system, these temperature changes can negatively impact employee productivity. Still, even then, conventional lighting puts an extra load on the air conditioning, which only increases your monthly energy bill. On the contrary, LED lights operate at lower temperatures so they don’t cause significant heat fluctuations during the day. 

…and the risk of fire

One of the less-known benefits of replacing fluorescent or high-intensity discharge lights (HIDs)  with LEDs is the decreased fire hazard risk. Since they operate on much lower power, LED lights produce little heat and are less likely to cause a fire. The problem with traditional lights is that they convert 95% of the power they draw into useless heat, while with LEDs the ratio is roughly the opposite – 5% heat and 95% light. Due to their low-efficiency, incandescent bulbs are already banned in many countries. If installed improperly into a wall or ceiling plaster, as in recessed configuration, without proper ventilation, traditional lights can cause fires, which is not the case with LED lights.  

Lighting the Workplace

Requires less maintenance

Apart from their poor color rendering, HPS fixtures demand regular maintenance that comes with its risks. High ceilings in industrial and warehouse environments can often be reached only by a mobile scissor lift or knuckle boom, while the production demands often make shutting the power down unfeasible. Their relatively short lifespan means that your maintenance staff is put into risks every time they need to change a bulb, and the U.S. Bureau of Labor Statistics shows that 90% of crane-related accidents occur due to human error. Industrial LED lights last three times longer than HPS, which means fewer maintenance interventions and potentially risky situations. 

Eliminates mercury exposure

Did you know that a single HPS bulb contains enough mercury vapor to poison an entire office floor of people? Just one broken bulb can expose workers to mercury with symptoms that range from mild to severe toxicity, even those with lifelong consequences. LED lights are much more environmentally-friendly, as they contain zero mercury, or other harmful chemicals for that matter, which makes them a much safer alternative in both industrial and retail applications. 

 

If you’re still using fluorescent or HPS lighting solutions in your manufacturing facilities, these eight benefits should be enough to convince you to make the switch for a quality commercial LED system, excuse the pun. Employee safety is tightly related to productivity, as only the worker who feels safe can fully focus on the task at hand.

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Simple Guide for Investing Smart in Real Estate

Real Estate

The reason why people are so into real estate investing is that it’s a lucrative “job” that you can do without any formal training. No degrees, no seminars, no workshops are needed to start making money by investing. What you do need to know though is all the different types of real estate investing to choose from. Follow this simple guide to smart real estate investing. 

Rental properties

This is probably the most basic type of property investing and it’s also the best for beginner—it gives your monthly cash flow and eventual value appreciation. Your biggest expenses will probably be taxes, insurance, maintenance and mortgage payments, but if you’re a good landlord, you will still be able to get good cash flow. Also, in case you manage to acquire your property below the market value, you’re already in the green. Your safest bet is to look for houses that need some work or better management. This way, you can get a good price, improve their look and make more money. But, don’t think that rentals don’t have downsides. The market is very selective, and traditionally, the more lux the area, the harder it is to find your rental. 

Real Estate

House flipping

Like rentals, house flipping sounds very simple. In its core, it takes only three things: buying a good property, remodelling it and selling it for more money so that you end up with a nice profit—simple, right? Well, once you’re supposed to execute your vision, this is where the entire thing gets a little more complicated. Firstly, there are many expenses to consider from financial and carrying costs to acquisition and selling costs. Secondly, the act of finding a good house to flip is a hard task in itself. Thirdly, the competition is fierce. However, if you manage to get out of the house flipping victorious, you can earn some good money—definitely enough to allow you to keep investing. 

Real estate investment trusts

If you’re not ready to take big risks at the beginning of your investment career, it’s best to start with real estate investment trusts or REITs. REITs allow people to invest in bigger investments through stocks. This allows you to choose how much money you want to gamble which is great for those allergic to business risks. If you want to be even more secure, you can consult with people from FMI and get amazing advice when it comes to investment, development or owner-occupation needs. With their wide array of services from project evaluation, due diligence, deal execution, and on-going asset management, you will definitely end up with amazing profits. 

Real Estate

Wholesaling

Another pretty simple concept is wholesaling. What you get is a house, either through direct purchase or under contract, but instead of renting it or fixing it up, you just sell it to another investor like you. What’s special about wholesaling is that you don’t even need to have your own money on the table in order to invest. You can get the house under contract and assign the contract to an investor who will pay for the house. Using a double close is also a possibility—buying a house and selling it to another investor on the same day. 

Airbnb

If you’re already a property owner, you can already become a landlord and start making money through Airbnb. These services allow you to rent out your property whenever you want and earn some extra cash while meeting all sorts of amazing people. If you’re not ready for tradition real estate, this can be a great way to dip your toe into the business. 

Pick an investing type you like, do some more thorough research or consult with pros, and you can expect plenty of excitement and some good returns on the investment.

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