Understanding Governance in HR
What I understand from my readings on the subject is that governance is a higher function and a more solemn responsibility than a mere HR functionary.
The object of governance is to safeguard the interests of all stakeholders, i.e., employer, employees, and organization, by:
• Establishing systems, mechanisms, procedures, principles, and practices for effectively carrying out HR functions and initiatives. For example, setting up a grievance redressal system for time-bound redressal of grievances or designing an objective PMS, etc.
• Ensuring transparency about HR policies by informing employees about their rights and responsibilities.
• Ensuring fairness and objectivity in implementing HR policies. For example, evaluating employee performance objectively or granting rewards strictly based on eligibility norms without showing any favoritism.
• Fixing accountability at various levels for implementing policies fairly.
• Enhancing the value and stock of all stakeholders by designing suitable training programs to build skills so that their productivity grows for the overall business growth.
Hope this helps.
Regards,
B. Saikumar
HR & IR Advisor