Human Resources Management: The Importance Of Human Resource Management

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In today’s fast moving, unpredictable business environment, human resource management is more crucial than ever to a business’s success. As the ‘VUCA’ world continues to change and evolve, human resource practices will continue to transform to adapt to the business environment. As a concept, human resource has been constantly redefined, undergoing countless analyses and discussions by various theorists and business people in order to ascertain why HR activities are so important, and the changes in the business environment that led them to be this way.
Human Resource Management has been defined in the past as: “A whole consisting of interrelated, inter-dependent and interacting physiological, psychological and sociological and ethic components”
The acquisition of human resources deals with getting the best candidates possible for the job, those who have the required skill set and are a good fit for the organisation. This is arguably the most important purpose of HR and proves a critical success factor for businesses of all sizes. Author and business consultant Jim Collins conducted a study for his book ‘Good to Great’ to find out the difference between a good company and a great company, finding that great leaders “first got the right people on the bus, the wrong people off the bus, and the right people in the right seats” before doing anything else. (Collins, 2001). This shows that employing the right people is key, and thus this stage must be both prioritised and planned as carefully as
This also helps mould workers into becoming a perfect fit for the business and ensures that every employee has the correct knowledge and aptitude required to work to their best capacity. This purpose of HR is particularly important as it makes sure that the workforce is as skilled, and thus valuable to the business, as possible. The motivation of human resources is similar, however it works on a more individual level as all employees will find motivation and satisfaction from different places. This HR purpose deals with ensuring workers are both happy in their job role and in the organisation, as well as making sure they know what they are working towards and why. Motivating employees to work productively and co-operatively leads to a positive workspace which leads to an increase in creativity and ideas, which will prove a great competitive advantage over those who are unable to do so. The final function, the maintenance of human resources, deals with ensuring that these working conditions are sustained in order to uphold a high level of productivity and creativity, and well as making sure that the business retains all of its high quality workers. Whereas the purposes of a good HR system will remain unchanged, there are changes in the environment which are changing the

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