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.
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.
The key functions of the Human Resources Management (HRM) team include recruiting people, training them, performance appraisals, motivating employees as well as workplace communication, workplace safety, and much more. Good human resource practices help in attracting and retaining the best people in the organisation. In order to make use of latest technology the appointment of right type of persons is essential. The right people can be fitted into new jobs properly only if the management performs its HR function satisfactorily. Globalisation has increased the size of the organisations, who employ thousands of employees in different countries.
In words of Taylor(2008) Human Resource Management is the range of people management functions, process and activities which involve more than one national context. These policies and practices are considered as human resource aspects of management position, including such issues as recruitment, screening, training, rewarding and appraisal which I mentioned above. When it comes to the BMW company, BMW is the basically German car company with rich experience in the field of comfortable and cutting-edge cars. The company was founded in 1981. The BMW cars company spends more money on its human inputs to add value and its big contribution of human resources also makes some advantage of the company.
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.
Traditional role of HR are recruiting, hiring, training, wages and benefit management. Human Resource Management (HRM), a crucial and integral part of our organization, ensures the success of the relationship between staff members and an organization by satisfying and identifying the wants and needs of the employees. The Human Resource works in hotels in the areas of mountainous state like Uttarakhand, India located in the Himalayas. This mountainous areas geographic location and area of India offers variety of human resource (HR)
Guest’s model of Human Resource Management (HRM) One third activities of the organization is based on HRM, it has crucial part in success of any organization, HRM concerned with the key activities related to the people. The process of planning, selection, recruitment, training, appraisal all are under the umbrella ho HR. The word HRM is really about managing people, and the term “resource” means the correct and right use of people as other resources. But these individuals are different from other resources because these can be motivated or de motivated, they can think and cooperate, they’ve some emotions and feelings. So HRM is a complex methodology.
Next, the demands of the workplace and the increasing technological drive of the domain, as well as the fluid and dynamic nature of the globalized workforce and work setting are all the elements that are rapidly changing what work people do and how they will be assessed in accordance to it. Besides, Human Resource Management can be dynamic asset to help with such changes. The days of presuming that the skills and ideas that someone has when they enter a particular job are going to not change over the course of their occupation with the organization are fading fast. And the last but not least, Human resource management is responsible for how the people are treated in organizations or company and it is guide for bringing people into the organization or company, helping them to perform their work, compensating them for their labours, solving the
It establishes mechanism for the administration of personnel services that are delegated to the personnel department. Thus, the responsibility of human resource management is very significant in an organization and it should not be diluted especially in large scale enterprises. It is the input to the whole organization and related to all other activities of the management i.e., marketing, production, finance etc. HRM: Origin & Growth: Human Resource Management deals with the administration of people as organizational assets rather than as element of production. This involves a system to be directed in business to select, hire, place, coach and grow human assets.
Moreover there are many challenges linked with HRM. The HR managers are responsible to look up to the individual departments and make obvious the inevitability and worth of their functions to the organization. The advancement in the high-tech world is also a challenge for the HUMAN RESOURSE MANGEMENT (HRM). Ethics is also important in the human resource management ethics means a sense of fairness . Being Ethical is a idea that examines the moral rightful or a wrongful act of a certain circumstances.