It is believed that by doing the abovementioned will aid the company in achieving its organizational goals successfully. HRM zoom in to the people strategies, integrating it with company’s corporate strategies, an... ... middle of paper ... ...s an important portion in the organization, which is highly integrated with the core strategy. PM is typically held responsible by the company’s personnel/manpower department. In HRM, all managerial level of the organization is involved with a collective aim, where personnel issues are being taken care of by managers of the respective departments, who are trained with the necessary skill set. As motivations, PM offers employees with extrinsic rewards like compensation, bonuses, rewards, and the reduction of work responsibilities.
HR has to develop strong relationships with other departments and have a cohesive plan running to have any company do better down to the bottom line figures. For the most successful business, there needs to be cooperation between all parts of a company, HR most likely should facilitate this, and when it does, companies thrive. “By utilizing basic HR tools like business process redesign, organizational redesign, job redesign and competency model development, we were able to more effectively align our selling and support processes” (Hults, 2011). Basically, HR being involved in strategic planning efforts is a smart move. HR brings the business perspective while other departments (management, finance) are looking directly at numbers.
Strategic Human Resource Management “Human resource management is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them” (Diaz, 2012). In recent years, there has been a dramatic shift in the human resource function. Traditionally, management viewed the HR function as purely administrative and professional. Human resource managers continually transform and adapt to the ever changing workforce demands. Human resource management is a vital asset to any organization, as they are a strategic partner that enhances the skills of an organization helping to ensure the organization’s success.
Increased consideration should be given to the development of internal talent. Though, it is critical for the company to generate talent pools that is reliable and consistent internally leading to successful talent management. Developing skilled talent pools can be done on the basis of high performance. Conclusion and Recommendations It is important that TNNB emphasizes on the importance of talent management across the company. It should start from the recruitment to the retention and development of the employee, as it greatly affects the overall business strategy, profitability, success and growth of the company.
This enables an organization to assess its strategies and formulate new ones hence meet the customers’ demands. Since employees implement strategies, they have to be informed of the strategic missions of an organization. Strategic plans by an organization are always aimed at gaining competitive advantage, as such; human resource practices should be aimed at focusing the employees’ attention to the organization’s major strategies (JobsD.com, 2011). Human Resource as a Competitive Advantage for Organizations From the recent research, it is evident that the human resources are very essential for the competitiveness of organizations. An organization can define its strategic human resource roadmap by availing framework in which to plot a course to its future.
The resource based view is another important theory, which highlights the role of human resource in the success of the organisation. The resource based theory considers the human resource as the major asset for the organisation that plays a significant role in differentiating the organisation from its competitors. The resource based view focuses on hiring highly skilled and qualified employees in order to make the organisation more competent in the market in terms of human resource (Armstrong, 2010). Due to this reason, the resource based theory is more concerned about managing people in such a way that it becomes the essential resource for the company. To support the resource based theory the HR managers play a very significant role in formulating such HRM strategies, which are directed towards recruiting, selecting, compensating, retaining and developing the highly skilled employees.
Recruitment and selection is one of the human resource management and plays a crucially important role in any forms of organisations effectiveness and performance. Furthermore, recruitment is a strategy meth... ... middle of paper ... ...exploit their business and to solve the employee relationship problem as well as save cost. Costco chose the performance management of human resource management to require and management employees and obtain a huge success. Costco guide members of the team to reach a consensus and have a common goal. Through performance examine results to improve and motivation employees from work, give full play to the employee’s potential and motivation and required employees to have certain career quality.
A managing director will emerge and identify the key deliverables, provide a vision, manage workflow, and delegate accordingly. The next step is to set up a schedule for completing tasks. A schedule provides a structured framework within which progress can be measured. Planning is more like contingency planning because it is a series of interventions that look to improve overall effectiveness and employee well-being. Organizing The ability to organize and execute a strategy is the ultimate challenge in today's business environment.
Human Resource Management The primary function of human resource management is to increase the effectiveness and contribution of employees in the attainment of organizational goals and objectives. An organization's success increasingly depends on the knowledge, skills, and abilities of its employees. Without out them they would surely fail. Particularly, how a company is run and how they treat their employees and customers help set the core competencies, which distinguish one organization from its competitors. This paper is intended to give an overall view of how important Human Resources re to a organization, by looking at the people involved, the laws that effect, and the methods used in Human resource management.
The primary objective of human resource management is to ensure a satisfactory accomplishment of the objectives of an organization and its employees. While framing the human resource objectives of the organization the main consideration is taken to consider the interests and needs of the employees and employee goals. This is done by integrating the employee’s interests and management interests with a view to achieve the objectives of the entire organization (Khanka, 2007). One of the most significant and valuable aspects of human resource management is its control of the recruitment and selection of candidates. Human resources is at the forefront of determining what kind of candidates an organization wishes to add to its workforce, hence they are impacting organizational performance before people even step through the door.