Assignment#1 Why HRM is important for any organization? Like Operations, Accounts, Marketing Sales department, Human Resource is also one of the vital departments of any organization. It is a multifaceted and necessary part of any organization. It is responsible for different workplace needs, like recruiting, hiring, payroll, professional development and trainings, performance evaluation, employee retention, disciplinary action, and ethics. HR is like resource multiplier for any organization.
Human Resource of Management Human Resource Management (HRM) is the method of selecting and training workers employees to make an organization beneficial or valuable. Analysis of Job, planning, selecting the correct employees for the work, familiarizing and training, directing salaries, giving incentives and compensation, analyzing work, solving disputes, and interaction with workers are the main responsibilities of Human Resource Management. Examples of main qualities of Human Resource management are thorough information of the industry, leadership, and effective skills of discussion. Functions Human Resource Management. Shortly, Human Resources Management is involved with the employees’ management from recruitment to retirement.
‘If you want high performance, recruitment and selection is the most important function in HRM. Get that right and everything else falls into place’. Discuss. Human resource management is defined as the process of recruiting selecting, developing, compensating, and retaining employees. In particular, the three main elements of HRM are acquiring, developing, and holding back the workforce in an organization.
Globalization has increased the level of cross border activities. It is expanding rapidly and this makes it important for MNCs to manage its human resource management. HR is responsible to analyze and manage the human resource needs of organization in such a way that it can achieve its strategic goals (Hellriegel, Jackson, Slocum and Staude, 2009).HRM is a planned approach to make people perform effectively. It creates an open, flexible and caring management style so that staff can give their best (Michael C. C. SZE1, 995). HRM has to adapt to local conditions the most as compared to other management functions because it is highly dependent on local labour market.
1.0 INTRODUCTION Human resources management can be defined as a process of managing human talents to achieve an organization’s objectives. HRM also refers to the management of the organization employees. The purpose of Human Resources Management is to foster organizational policies that enhance the contribution of employees make to the effectiveness of the organization. Human resource (HR) management is the design of formal systems in an organization to ensure effective and efficient use of human talent to accomplish organization goals. Human resource management also focuses on managing the work force in order to take care the employee and employer relations especially in reach the organization’s strategic business objectives and to fulfill
Unlike former periods, this stage represents the integration of personnel management and industrial relations into a coordinated and strategic approach to the management of an organization’s employees and this led to the development of Strategic Human Resource Management.” (Ferris and Napie, 1990) The HR functions process starts from recruiting human resources since it cannot operate independently which have to be interconnected with each other. Firstly, this process will starts with HR planning to Staffing /recruit the right talent while retaining their existing best talent, to rewarding proportionally in order to build motivation among employees and other functions such as; conducting induction programs to contribute towards firm’s strategy. In today’s environment Human Resources department handles a broad range of activities within an organization. The first most responsibility of the HR manager is to make arrangements in different activities that the HR department is capable of delivering value to company and its staff. Also should bear in mind the bottom line if they are to fulfil the role according to the job
Human Resources Management (HRM) can be defined as a strategic and coherent approach to the management of the organization 's most valuable asset: the people working there who individually and collectively contribute to the objectives of the organization. The main features of HRM are: - Meeting the need for a strategic approach to human resources management that aligns the organization 's activities for the implementation of the strategic objectives; - The application of a comprehensive and coherent approach to the provision of mutual support of theoretical methods and practices of employment through the development of an integrated theory and practice of the Czech Republic; - The achievement of the commitment to the mission and values of the
It is the role of HR management to ensure that workers are skilled enough and have the motivation to complete tasks set by managerial staff. If this is completed to a high standard, the business will be able to operate at its highest efficiency rate therefore affecting the other KBF’s than operations. This ensures quality of product and “smooth” running of the
One of the reasons for this popularity is the assumption that HRM is a source for competitive advantage and will influence the organisational results and performance in a positive direction. In an environment where HR is an important source of competitive advantage, it is also the one that contributes to sustained competitive advantage through facilitating the development of competencies that are firm specific. Strategic Human Resource Management (SHRM) concerns with the creation of a linkage between the overall strategic aims of business and the HR strategy and implementation. The article takes a closer look at the presumed relationship between HRM and business performance. The main idea behind HRM-performance presumption is that HR practices affect employees’ attitudes and behaviour, which further affects the operational performance, such as productivity, quality and innovation, which in turn have a positive effect on an organization’s overall market for its products and subsequently its financial results.
Description and Discussion: As we know that, HRM is a department that distribute the right number and right person in to a firm in right time to continue the operation. So, HRM has act a fat part in a department. It can help a firm to provide the information and tools to help a firm to attract more employees into the firm. Nowadays, most of the students will started to find a job after they finished their study in university. So the HRM department will play their role in hiring the new employee.