Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Importance of strategic human resource management
Importance of strategic human resource management
Importance of strategic human resource management
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Importance of strategic human resource management
The Best HR Department
Human Resources (HR) has been constantly evolving due to technological innovations, tough competition and rapid growth of globalization. The Knowledge Age of 21 century demonstrates the significant shift in strategies and methods have been used by HR professionals to efficiently manage personnel in the organization. Such change leads to acknowledgement of the true value of employee based on their ability and potential to excel. “Knowledge Age worker-citizens need to be able to locate, assess, and represent new information quickly. They need to be able to communicate this to others, and to be able to work productively in collaborations with others. They need to be adaptable, creative and innovative, and to be able to understand things at a ‘systems’ or big picture’ level” (NZCER, 2013, p.1).
The Best HR Department
Creating a friendly and successful workplace environment ensures employee and customer satisfaction and leads to the company’s efficiency and profitability. Positive organizational environment can be reached through retaining and motivating people based on open communication, proactive leadership, appropriate behavior patterns in line with the mission, vision and values of the organization and work- life flexibility.
A Capital One Financial Corporation has established such workplace by providing mobility and flexibility to their employees in business units. They implemented a concept “virtual workplace” which is based on reconfiguring office space and use of up to date mobile technology. It gives employees opportunity to be more productive since they are able to work from any place they would choose. According to the Benefits Survey Report from the Society for Human Resource Management published i...
... middle of paper ...
...ance costs, increased productivity and reduced overall costs” (Wellness Proposals, 2013, p.1).
Summary and Conclusions
In conclusion, Human Resources department plays a significant role in the organization providing a wide range of valuable services to employees in various functional areas such as recruiting and training people, developing public relations, performance appraisals, maintaining workplace atmosphere, employee relations, benefits administration and much more. More than likely, HR essentially contributes to organization’s strategies and objectives through promotion of leadership activities, building friendly workplace environment and ensuring an efficient management of talented employees overall. As a strategic asset of a company, HR improves the human capital utilization and establishes the competitive workforce based on business and market demand.
Human Resource Management involves the productive use of people in an organisation to collectively achieve the organisation's strategic business objectives. Human resource management also involves employer employee relationship and the satisfaction of the individual employer needs (Stone 2006, p. 4). It is an essential function of an organisation. It has become more prominent in recent years as organisations have to improve their productivity and international competitiveness. In modern times, no organisation can afford to rest on their laurels; to be competitive in the global marketplace, organisations need to rethink their strategies towards human resources.
Overall, human resource plays an important role in the business growth of a company. This is mainly due to the strategic issues faced are mostly human related based. Hence, with strong human resource management, companies will be able to maximize the gains from their employees that will result in maximum productivity that further leads to higher and sustainable growth.
Many say Human Resource Management (HRM) refers to manage people, but in fact HRM is much more comprehensive. It is “a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personal techniques.” (Storey, 1995). Human Resource (HR) is one of the critical factor affecting and supporting organization from financial, services and processes. Almost every aspects of business are driven by HR, hence management has to be conscientious and prudent on which HR strategies, plans and policies to implement so as to improve overall performance.
According to the (B), Human resource management consists of those activities designed to provide for and coordinate the people of an organization. Some activities involve determining human resource needs, assisting in designing work systems, recruiting, selecting, training and development etc. It is pretty clear that the human resource functions within firms are responsible for making decisions related to employees and also are responsible for understand that certain decisions made could set a precedent within the entire company. In today’s business world, most large companies have many branches that each holds a great importance. For example, Nicholas has noted that within the company he works for, the HR function
Human resource managers have the job of making sure that a companies employees are in alignment with the organizations overall goals. This is not a simple process and requires attention to several aspects of the companies process. HR must address legal issues, planning, recruitment, selection, development and training, pay, safety and health, and labor relations. When management is able to combine all of the above listed items they will at that point be able to maximize the companies overall mission.
Human resource department is the core to determine a success of a corporation. A success of a corporation come from the contribution by the employees anticipate, adapt and respond to the management change. HR department that can well handle human interact problem such as culture change, morale, and relationship between employees will ultimately enhance potential success for the corporation. Last by not least, corporation goals can be easily achieve by keeping a proper communication that involving all employees.
The Human Resource Management (HRM) is a function in an organisation that manages the use of human being as a resource. The HR department is responsible for all affairs related to the people, similar to the finance department managing the finance of the firm. The HRM plans for employees on concerns like recruitment, training, compensation, welfare, performance management, career development, and employee relations. Basically, the HR department shapes the values and culture of the organization, to enable changes or organizational developments.
The Human Resources department contributes to an organization’s competitive performance through: recruitment and selection, globalization and technology.
positive work environment leading to increased job satisfaction of employees, greater productivity and organizational growth.
The practices of HR can impact for the company in the short term and long term, causing the company to lose and gain attractions for employees or new employees. Leaders or leaders that are good and respectable tends to motivate their employees to do a better performance and it will increase in profits which will result in an excellent human resource within the company. Employees working at the Human Resources department are the one in charge of the company to manage employees and customers and with managers, CEO and others to bring a better place. Human Resources looks for strategies and political rules that use in the right department. To operate the personnel policies in an organization is needed and define and articulate social functions
The development and unsuccessfulness of an organization is based on the human resource and their efforts. Without the dedicated and positive contribution from workforce or human resource, an organization can not grow or progress. To achieve a goal and objectives of an organization, they need to recruit skilled peoples. Human resource management means the man power management of an organization. There are two main function of human resource management they are:-
Human resource management is a wide and significant concept that allows organizations to execute business procedures to be at its best. It is necessary that proper balance be formed in order to allow organization to grow and expand at a continuous manner. This means a lot from the perspective of seeing to it that the control is likely to be formed upon one or the other relevant areas as well. Primarily, human resource management aims upon raising the effectiveness and involvement of employees just as to make goals and objectives achievable and attainable.
With the rise of mobile working whereby companies employ from different regions without necessarily having employees enclosed in one building, they end up employing more skilled and qualified workers regardless of their location. This has been made possible by companies embracing virtual meetings and video conferencing where managers and
Human resources is the personnel of a business regarded as a significant asset in terms of skills and abilities, it’s the business function that is responsible for policy and process decisions and is involved in recruitment. Within HR there are many distinctive roles such as HR planning and job analysis, recruitment and selection, reward management, appraisal, training and development, health and safety, workforce diversity and industrial relations. Each role is directly involved with the people within the organisation, they provide knowledge and support to each individual. Human resources is prominent in the planning process that sets out where the organisation wants to
Human resource management is a very important part of each organization. It drives the core of the organization. As the business grows the need of hiring new employees increases.