Human Resource Management
Instructor: Dr. Jean Gordon
Abstract Today the Human Resources Management (HRM) professional role is integral with the strategic growth of an organization by managing its Human Capital. Human Capital is defined as “the knowledge, skills, and capabilities of individuals that have economic value to an organization (Bohlander & Snell, 2010). According to a recent poll of executives conducted by the Society for Human Resource Management (SHRM), “making the most of their investments in human capital will be the greatest challenge for organizations in the next 10 years” (Schramm, 2010). This challenge will undoubtedly expand as more companies meet the need to move toward globalization. The key competencies of the HRM professional role in human capital management involves: 1) current business trends, 2) issues, and 3)opportunities for organizations.
Role of the HRM professional in Human Capital Managemet
Competing for people is the central theme of Human Resource Management (HRM). Top talent, innovation, and creativity continually contribute to an organization’s success. HRM professionals are responsible for recruiting, training and developing internal employees and external candidates to strengthen an organization (Bohlander &Snell, 2010). HRM professionals perform various functions such as implementing and enforcing company policy, acting in the capacity of employee advocate and serving as a consultant to line managers, supervisors and executives. Looking at the role of the HR Business Partner, it sums up the mastery that Bohlander refers to. Bohlander also possesses the skills that Pilenzo (Pilenzo, 2009) refers to as the new paradigm of HR. Pilenzo’s...