WHY HRM IS SO IMPORTANT IN THE CURRENT BUSINESS DYNAMICS?
RIGHT MAN FOR RIGHT JOB:
HRM has marked its importance through TALENT SEARCH and TALENT DEVELOPMENT. Analyzing the top best 100 companies demonstrate one common characteristic i.e. Strengthened HR Departments that strategize RECRUITMENT & SELECTION PROCESS through policies of TOP MANAGEMENT. Every job got a person with the required skills, knowledge and traits that ensure right decision at the right time.
HRM ensures transparency in all aspects of an organization .i.e. recruitment and selection, performance management, reward & punishment that are the baseline of employee’s motivation commitment to any organization.
HRM has been identified as tool of time saving through its various business linked strategies that saves time of business operations and processes by facilitating business clientele ultimately resulting in enhanced customer base and business results.
HRM has encouraged competition in and among organizations as the existing talent tries for excelling from each other and the same way organizations promote competition.
MERIT BASED CULTURE
HRM has encouraged competition that requires talented people to hold the important positions to excel in the current race of cut throat competition. The traditional approaches of nepotism are no longer to sustain in the business race.
Business world is changing...