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Importance of human resource function
Analyse the meaning, principal dimensions and components of ‘employee engagement’ and compare with other related concepts
Importance of human resource function
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In many companies, it is still a strong belief that investing (money, energy, time) in furthering and developing employees is unprofitable. Employers often fear that after some time the employee will leave the company and the knowledge and skills he or she will use when working in another, competitive position. However, it turns out that this way of thinking employers makes employees decide to leave.
Employers need to realize that the basis of every business and every success in business is people, and investing in employees should be an important element in the development strategy of today's business. The development of the employee is the development of the company. Educating employees can not be treated solely as a superfluous expense,
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For this reason, companies are simply paying off to invest in employee development.
In addition to its obvious purpose (as described in the section above), investing in staff development may also affect positively on their involvement in the work of life, and loyalty to employers.
Employee, in which it invests (can attend training courses, workshops, participate in conferences, etc.), much more identified with the company, he/she feels noticed and appreciated, therefore, so does not need to worry about a possible release. Therefore it becomes an integral part of the company - has a sense of stability of employment and of belonging to the company, co-authored and which needs his/her abilities, skills and experience. At the same time, the employee's level of trust and appreciation for the employer increases - the employer gains a grateful, respected and identified employee.
Personnel training can also be important in the process of staff turnover. Firstly, training and retraining are a good alternative to the exchange of personnel in the company, ie, layoffs and hiring new staff. Do not forget the importance of experience, good corporate knowledge and
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Employees are familiar with these values and learn the organization's policies and strategies.
In addition, the training has the function of integrating employees of a particular department or the whole company, depending on its size. Even if people work with each other on a daily basis, they do not always have the time or the courage to get their relationship closer and warmer, less formal, which in turn would favor work comfort. Training, workshops, courses, etc. give you the opportunity to meet colleagues in other situations, to establish closer relationships. In addition, employee training integrates them, thereby reducing the risk of harmful conflicts on the premises. This helps to improve communication between co-workers, and if management also participates in the training, then between them and employees. Consequently, the effect of such training may be on better teams with fewer conflicts. And even if such conflicts occur, it is easier to manage them (solve them).
It must be emphasized that the team can be effective, it is necessary to "rip" - people must be integrated, prepared to cooperate, must know each other, their capabilities, limitations, have to
This method also empowered the employees giving them an opportunity to increase their skill levels and an opportuni...
Importantly, human capital therefore is not merely the people – but rather their potential. As a result, human capital is a critical resource for an organization.” (Hitt and Ireland, 2002). Human capital is arguably any organizations most important resource and continually adding value to that resource is critical to success. Whether by training or mentoring programs, this helps ensure that employees continue to grow and learning never stops. Also, when an employee feels that they are being invested in, then they will not only have greater knowledge, but might be more willing to go the extra mile for their company that has invested in them. Human capital is a company’s most unique resource along with the most important, because no two people are exactly the same. This sets people apart and companies apart by the employees they have, train and can ultimately keep, as headhunters are always on the lookout for talent. Evidence of this at BMW is that they provide its associates with training and benefit programs. “BMW doesn’t just hire tomorrow’s talent; we help build it. In addition to on-site training, BMW offers tuition assistance for courses taken by associates at local universities. You’re in the driver’s seat controlling your destiny, and we stand ready to help at each turn. It’s part of a corporate philosophy that includes respect for the individual and dedication to self-improvement.” (BMW Group,
Will be able to take inputs/suggestions from the employees and use the best to improve the business.
An organization should optimize every employee’s potential to get great work performances, and then can make the organization stand on better position than other organizations. One type of investment in an organization is human development. This kind of investment has a purpose to improve productivity by doing some improvements in health, education, and work training. Healthy, educated, and skilled employees will give positive impacts to organization productivity. An organization with a good human resource management will have a competitive advantage which hard to be copied by other organizations. Invesment in human, which is the most valuable economic resource, provides a sustainable competitive advantage and will overcome workforce ill-equipped which is the biggest threat in economic stability.
Employee turnover costs are very costly to a company. Turnover not only affects the bottom line but also affects the company’s morale. We are analyzing the problems within our company that are causing our employees to become unsatisfied with their job. Then we are going to find solutions. And then do the cost estimates of the turnover costs and the turnover savings after our solutions are implemented.
Being the lack of career development programmes the main reason for employees to leave the company more in detail issues were identified:
Staff turnover not only incurs large costs of hiring & training new employees, but also adversely affects the quality of patient care.
Voluntary and involuntary turnover have an effect on organizations. Rapid changes in job descriptions, organizational structures, and inter-organizational competitiveness increase the importance of studying turnover and its relationship with organizational change. According to Leana and Van Buren (1999), "the loss of key network members can severely damage an organization 's social fabric and perhaps eradicate its social capital altogether." When businesses lose a high number of employees, problems can occur, costing the company time and money. Some of the costs incurred are associated with training, drug testing, physicals, and orientations to hire replacements that may take several months to learn the job and to achieve competency. There is a saying, “Good help is hard to find---and harder to keep”. This saying refers to good organizations trying to reduce turnover when the competition for retaining good employees is intense.
Good to great companies allow the employees to have a voice and listen to what they are saying, good and bad. This allows the leaders to utilize the information to make changes and move forward. By truly facing the facts, and keeping your faith, you can succeed. If you ignore reality, you are setting yourself up for
Phillips and Connell, A. O. (2003), Managing Employee Retention: a strategic accountability approach. Amsterdam; Boston, MA; Alexandria, Va.: Butterworth-Heinemann.
In the previous article, the definition of turnover was defined. There was also a discussion into the different types of turnover with a brief explanation on ways companies reduce turnovers. Organizations are widely known to invest high amount of funds in terms of employee development, training, maintaining and retaining them within the organization. It is therefore pertinent for them to minimize the costs of employee turnover. Labor turnover is typically measured in terms of the separation rate (quits, layoffs, and discharges per 100 employees on the payroll).
If the organization succeeds then the employees also succeeds. Employees must see the bigger picture and must feel that they are part of the organization and not just a one man show.
The training is to provide the cost cut of the organization and to utilize its maximum resources for betterments of the organization.
Human Resource Development (HRD) is often seen to be a central feature of SHRM. Discuss the role and importance of HRD in achieving SHRM organizational outcomes.
Adequate training should be provided for the workers which are required to perform their work.