Importance Of Talent Management

The Importance of the Human Resource Function Human resource is the backbone of any business. It deals with the most important resource in the business – people. For any business to achieve its objectives they must plan their resources and one of their key resources is people. They need to get the right people and develop them well in order to meet the organisation’s aims successfully. As an organisation grows and expands, the human resource department will know that the organisation needs to recruit more staff and they plan carefully.

By following or understanding these methods you can tell why HR has become an importance to a successful company. Communication is essential to any company achievement this can either take your company to the next level or set your company back

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.

Human resources is the most crucial aspect of an organizations success. By managing their human resources and motivating, training, improving and rewarding their employees companies can create a benchmark in the field of recruitment. Companies who are able to meet their corporate objectives are those who believe in innovation, launching new products on regular basis, believe in hiring and invest on talented and creative people. Their people are kept motivated by incentives and promotion based on meritocracy and they also keep their suppliers and labors happy. This essentially means the employees must be literally driven to feel motivated and become active performers that would result in a positive work environment and enhanced productively levels.

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.

Thus, to foster a culture of engagement, HR leads the way to design, measure and evaluate proactive workplace policies and practices that help attract and retain talent with skills and competencies necessary for growth and sustainability. The challenge today is not just retaining talented people, but fully engaging them, capturing their minds and hearts at each stage of their work lives. Employee engagement has emerged as a critical driver of business success in today's competitive marketplace. Further, employee engagement can be a deciding factor in organizational success. Not only does engagement have the potential to significantly affect employee retention, productivity and loyalty, it is also a key link to customer satisfaction, company reputation and overall stakeholder value.

Human Resources and Managers must work together to develop strategies for identifying, recruiting, and hiring the best talent available. Through recruiting and selecting the best talent organizations are able to have higher productivity and compete and the highest levels. Human Resources can ensure that organizations have a competitive advantage by selecting the right employee for the right job. Globalization The second way human resources can create a competitive advantage for an organization is through globalization. The environment in which businesses compete is rapidly becoming globalized.

In an increasingly competitive world, organisational structure and effectiveness within companies are key concepts. Effective leadership skills can enhance the growth and success of an organisation as well as on an internal level, create a healthy and functional work environment for employees. It is important to recognise the importance of good leadership skills and how they affect the working process in an organisation. This essay will identify leadership and provide definitions and how it is assessed. It will furthermore identify the commonly known traits of a successful leader and importance of emotional intelligence.

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. Dell Organisation was through recruitment and selection of human resource management to choose the best talent and then have training and develop of human resource management to practice them become elites. On the whole, it can be seen human resource management is fairly important to business management, it is a highly acquaint strategic advantage at present work organisations.

HR Adaptations As businesses strive to be competitive and successful, there is an increasing focus on methods that will attain this goal. Employers are realizing that their human capital is just as essential as their monetary capital. Employee contributions in terms of training, knowledge, insight and judgment add great economic value to an organization. (Noe, et al). Quality employees are crucial to the overall accomplishments, as well as the bottom line of a company.