Human Resource Management (HRM)

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There are many business leaders such as John Chambers of Cisco Systems & Howard Schultz of StarbucksTM who consider the employees of their organisation as their assets and want to ensure that the talent that they have is retained and work with same amount of excitement and satisfaction for years to come (Jackson, Schuler, & Werner., 2009). These manpower resources who work in organisations performing various jobs in return for payments, incentives and other benefits are called Human Resources (H.R) and the people who manage the resources i.e their recruitment, salaries, performance evaluators are known as Human Resource Personnel’s (What is Human Resources, 2010). Human resources drive the company to do the best by using finance, knowledge and other available resources. These human talents must be managed and cared for to ensure the organisational goals are attained. The function that enables this task is called Human Resource Management (HRM) (Bohlander, G. & Snell, S., 2007). HRM ensures that the Human talent is effectively utilised by doing the following basic functions such i.e manpower planning, recruiting, managing performances, training, development, salaries, benefits and industrial relations (Dowling, J. P., Festing, M., & Engle, D. A., Sr., 2008). Wilton (2011, p.6) states that decades ago organisation had a separate department which was considered to be more administrative in function such as working on payroll, leave record keeping, conducting safety related trainings and dealing between trade unions (industrial relations) etc known as Personnel Department which managed HR activities as well. However, in mid 1980’s focus was shifted to more of people management techniques which has now emerged to become people ... ... middle of paper ... Storey, J. (2007). Human Resources Management : A critical text (3rd ed.). London: Thomson Learning. Storey, Wright, Ulrich. (2009). Routledge companion to Strategic Human Resources Management (1st ed.). New York: Routledge. The Service Sector, High employment with low productivity growth prospects for emerging economies. (2010). Accountancy Business and the Public Interest , 9, 125-146. What is Human Resources. (2010, September 17). Retrieved from Wilton, N. (2011). An Introduction to Human Resource Management. London: Sage Publications. Wright & Boswell. (2007). Desegregating HRM : A review and synthesis of Micro & Macro Human Resource Manaagement Research. Russian Management Journal , V5, N1.
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