Human Resource Management
-------------------------------------------------
-------------------------------------------------
Managing Human Resources
-------------------------------------------------
By Ayesha Rehan
The ability to attract and retain talented and motivated employees often marks the difference between success and failure in today’s competitive business.
Enlightened managers recognize that motivation and committed employees, combined with an effective strategy and efficient operation makes a formidable (causing admiration because of size, strength and level of difficulty) combination.
THE FOUNDATION OF HUMAN RESOURCE MANAGEMENT
Human resource management is the management of the set of organizational activities directed at
*attracting * developing and * maintaining an effective workforce.
HRM takes place within a complex and ever changing environment and is increasingly being recognized for its strategic importance.
The Strategic Importance of HRM
HRM or personnel as it is sometimes called was once relegated to second-class status in many organizations, but its importance has grown dramatically in the last two decades.
This new importance stems from increased legal complexities, the recognition that human resources are a valuable means for improving productivity, and the awareness today of the costs associated with poor human resource management.
Poor human resource planning can result in spurts of hiring followed by layoffs – costly in terms of unemployment compensation payments, training expenses and the morale.
Haphazard compensation systems do not attract, keep and motivate good employees and outmoded recruitment practices can expose the firm to expensive and embarrassing legal action.
As a result the chief human resource manager is a vice president directly accountable to the CEO of the firm.
Human Resource Planning
The starting point in attracting human resources is planning.
HR planning involves job analysis and forecasting the demand for and
-------------------------------------------------
Managing Human Resources
-------------------------------------------------
By Ayesha Rehan
The ability to attract and retain talented and motivated employees often marks the difference between success and failure in today’s competitive business.
Enlightened managers recognize that motivation and committed employees, combined with an effective strategy and efficient operation makes a formidable (causing admiration because of size, strength and level of difficulty) combination.
THE FOUNDATION OF HUMAN RESOURCE MANAGEMENT
Human resource management is the management of the set of organizational activities directed at
*attracting * developing and * maintaining an effective workforce.
HRM takes place within a complex and ever changing environment and is increasingly being recognized for its strategic importance.
The Strategic Importance of HRM
HRM or personnel as it is sometimes called was once relegated to second-class status in many organizations, but its importance has grown dramatically in the last two decades.
This new importance stems from increased legal complexities, the recognition that human resources are a valuable means for improving productivity, and the awareness today of the costs associated with poor human resource management.
Poor human resource planning can result in spurts of hiring followed by layoffs – costly in terms of unemployment compensation payments, training expenses and the morale.
Haphazard compensation systems do not attract, keep and motivate good employees and outmoded recruitment practices can expose the firm to expensive and embarrassing legal action.
As a result the chief human resource manager is a vice president directly accountable to the CEO of the firm.
Human Resource Planning
The starting point in attracting human resources is planning.
HR planning involves job analysis and forecasting the demand for and