In today’s society, there are corporations that are making huge profits from customers on a daily basis lining the pockets of Upper Management, CEO’s, and the Owners. The essential part to any company is the Human Resource Department also known as HR or HRM. This department aids in the training and development of its employees. The company is making an investment in its employees to maximize the benefits of its employees. One of a company’s most expensive assets is its human capital, the human resources of the organization. (ITAP International, 2010) An organization’s success depends on the knowledge, skills, and abilities of the employees. The Human Resource Department has come a long way in the last few years in becoming the “central part” or the nucleus of a company. Human Resource Management is the voice of both the employee and the employer. The relationship between human resources and management is becoming more collaborative. Human resource executives are beginning to earn a seat at the management table. (U. S. Office of Personnel Management, 1999)…
Research has shown that the human aspect of resources within an organisation contributes approximately eighty percent of the organisation’s value. This implies that if people are not managed properly, the organisation faces a serious chance of falling apart. The Human Resource Department’s main objective is to bring out the best in their employees and thus contribute to the success of the Company.…
Over time the importance of the value of human resources (HR) to its firm has increased. The management of human resources went from being operational to strategic, which are the two levels of HR, and from reactive to proactive. The HR field may organize its thinking about the past, present, and future around the framework that results from the combination of both proactive and reactive HR. Operational HR activities generally refer to the routing, day-to-day delivery of HR basics. The strategic level of HR activity is more difficult to explain and involves five criteria:…
The management of Human Resources has now assumed strategic importance in the achievement of organizational growth and excellence. As globalization advances and we move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people.…
people is the core element in an organization. When an organization purchacing its goals, planning, organization, execution and monitoring are needed, but all the activities can not be done without people. People’s attitude, behavior determine the organizational performance. But people are not perfect, they make mistakes. They have both advantages and disadvantages. Sometimes, they creative,self-confident, passionate, hard-working, active which are benefit for the organization , while sometimes they are lazy, passive, selfish, disoperative which are hamful for the organization. So management become necessary for an organization,especailly,the human resources management. A effective human resources management should create a enviroment under which the employee are benefits rather than interferences to their organization.…
So, Human Resource Management has become one of the most discussed approaches to the practice and analysis of the employment relationship in world market economies. Whether the perspective is supportive or critical, the idea that a reformulated relationship between management and employees is occurring has taken hold to a considerable degree. There’s no doubt that the world as we know it is rapidly changing. As part of an organization then, HRM must be prepared to deal with the effects of the changing world of work. The manner in which organizations conduct their HR activities will help create and sustain a competitive advantage. The contemporary trends and challenges in the business environment necessitate that even greater attention be given to the human resources of an organization.…
Now days doing Business all over the world is very challenging. corporate performance and revenue growth are challenge by Internal and external operating environment factors To survive in profitable way in the highly challenging and competitive global market economy, all the factor of production - machine ,materials & men,– should be managed in a impressive way Among the factors of production the human resource constitutes the biggest challenge because unlike other inputs employee management calls for accomplished handling of thoughts, feelings & emotions to…
At present the focus is on how to build ‘human capital’. There are various reasons for such awareness. The first and foremost is the economic growth of a country which is attributed to human skills rather than to capital. Second reason is that investment in human resources, contributes to economic development and growth, by promoting the knowledge and application of science and technology to production processes. Third reason is that it is one of the major objectives of the country. It is a established fact that like plant, machinery and other physical assets, human beings are also an important factor in production. Investment in developing people as a resource is productive and income generating as are other physical assets and inventories. In order to make an organization successful, it is necessary to make the people capable. It is human resource which gets the people in the organization and also enables them to acquire the required capability and motivate them for running the organization successfully. What after all is human resource, it is nothing but people having the required skills to make the organization successful. In today’s competitive environment companies treat their employees as a valuable asset, there by generating commitment and involvement. The company’s open door policy encourages employee involvement in the decision making process. Human beings form…
The human resources are the most important assets of an organization. The success or failure of an organization is largely dependent on the caliber of the people working therein. Without positive and creative contributions from people, organizations cannot progress and prosper. In order to achieve the goals or the activities of an organization, therefore, they need to recruit people with requisite skills, qualifications and experience. While doing so, they have to keep the present as well as the future requirements of the organization in mind.…
Human Resource Management involves the recruitment and management of the people who work in an organization. The focus of Human Resource Management is to attract, select, train, motivate and compensate employees, while making sure that they comply with employment and labor laws. In the stressful environment of today 's businesses, organizations and managers are faced with numerous challenges. Technological change and innovation in product on one hand and the management complexity, on the other hand, make managers rely on human capital. Due to the changing business environment, human resource management also does undeniably need to change to respond to changes. The future is unpredictable and difficult to determine. As a result, the flexibility and business knowledge towards responding to this uncertainty is important. Today, the strategic challenges in the field of human resources are not limited only to administrative matters, but at the same time attention should be given to the four criteria:…
Human resources are the life blood of an organization. Despite the application of technology in modern business management, human resources are still relevant and most adaptive resources of the organization. The essential attribute of HR assist the enterprise to make rightful decisions and respond effectively to the threats and opportunities within the environment of the organization. Thus the enterprise depends highly on its HR for success and survival.…
Introduction The Human Resources of an organization consist of all people who perform its activities. For the purpose of this essay, it is important to define further what human resource management is and what it is used for and to establish how it effectively contribute to the positive performance of an organization. "Human resource management (HRM) is concerned with the personnel policies and managerial practices and systems that influence the workforce. In broader terms, all decisions that affect the workforce of the organization concern the HRM function." (Bernadin,H.J.2007). Furthermore, (Armstrong.2006:4) defined it as a strategic and coherent approach of an organization 's most valued assets-the people working there, who individually and collectively contribute to the achievements of the objectives of the business. The term Human resource management is therefore also widely known as "Personnel Management" as a description of the process of managing people in organizations. In a constantly changing world, which requires flexible responses, with strong competition from nearly every continent, due to increased globalization, it is important for organizations to have some kind of competitive edge. Especially in the service industry, but more generally spoken throughout every industry, the human capital is the most contributing factor to being competitive and making a difference between customer satisfaction and general positive organizational performance. Main functions of HRM The main functions of…
Human resources are the set of individuals who makes up the workforce of an organization, business sector or an economy. This resource resides in the skill, knowledge and motivation of people and under the right condition it improves in age and experience which no other resources can do. It is therefore considered the most productive resources that can create the longest advantages for an organization.…
“Why do people stare at us mother?” Asked Ryan as him and his mother walked down Ally Drive. Ally drive was a posh street filled with the most lavish houses; it was like walking through a dream. Their interiors were as beautiful as the outside. The themed bedrooms, the chandelier in the living room with the golden paint and white soft couches something he always hoped his mattress would be. He often went with his mother to work. His mother was a simple fairly pretty charming lady. Being a single mother was not easy. Ryan lost his father when he was 4. She wasn’t educated and had a minimum wage job, she was a house help and that is how she ran the family.…
People are considered as the most valuable resources of a firm or organization. In order for a firm to succeed and survive in the market, the firm needs the right personnel, at right place and time. The new generations of workers are seen as the ones with lesser loyalty to their companies and have more expectations for autonomy, self-development and greater involvement in company decision making. The importance of human capital had been accelerated by the increasing emphasis on knowledge-based competitiveness in the current turbulent environment. Careful management of the workers who has been considered as valuable resource calls for a strategic focus on human resource management (HRM) in the firm.…