Human Resources Importance
CROWNE &
ASSCOCIATES
THE IMPORTANCE OF HUMAN RESOURCE MANAGEMENT
Human Resource Management (HRM) is a management process that is responsible for the careful selection and training of , training and management of the culture of the company and employees people with the necessary skills by attracting, hiring, training, motivating and maintaining employees to pursue strategies for success effectively while reducing expenditure. Implementing HRM, you will be able to provide a pellucid association to the support of the organization’s strategy and the representation and encouragement for the employees. ORGANIZATIONAL GOALS AND OBJECTIVES ACHIEVED THROUGH HUMAN RESOURCE’S AID
Human Resource refers to the personnel, your employees, of a business
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Through the implementation of Performance Management Systems, you can reach maximum growths (more income for shareholders and the company) and develop dedicated employees thru:
Building communication – two-way feedback o Between managers and employees, and employees and customers o Clarification of job responsibilities and expectations
Developing both the employee and the employer o Enhancing individual and group productivity/teamwork o Conducting performance appraisals which may yield job promotions
Documentation for all legal aspects of the company o Reason for appraising the employee, details of their work and where they are either exceling or lacking, and reasons for reprimand if any. THE IMPORTANCE OF AN EMPLOYEE
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As a recap, SWOT analysis consists of:
S STRENGTH how did you achieve your current position
what is your most marketable product
W WEAKNESS identify where you are failing in the current market and in the organization
O OPPORTUNITY research new or different products
research new ways of introducing newer or different products, such as Facebook, LinkedIn, Twitter
T THREAT analyze your current cost and efficiency – cuts may be necessary either in workforce or product distribution
research on what may be the downside of the introduction of a new product
After analyzing your SWOT analysis, the HRM will be able to look at:
Targets
Plan: Train staff in new information technology
Introduce compensation practices, i.e., awards, banquets, or stock options
Train & develop employees: gain more customers, efficient work flow, possible gaining of mergers or acquisitions
Cut labor
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