The Importance Of Human Resource Management

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All companies would like see their organizations perform better and most will try to find tools to help make this happen. Human resource management is a tool for “improving top team performance and must be about getting well qualified people into the team in the first place” as stated by Boxall and Purcell (2003) the use of HRM is said to encourage the commitment of employees to achieve high performance and loyalty to organisations as whole (Guest 1989). HRM is a strategic business tool used by many organisations, NEXT plc uses HRM to enable the development of their employees and the development and achievement of their business objectives and policies. In this assignment we will be looking at the value of which HRM has on NEXT plc and how they use this tool through different elements of HRM. The vision and mission of NEXT plc is stated as followed “To encourage a successful business it is important we are able to create an environment that enables us to attract and retain the right people to work at every level throughout Next. Our people are a valuable asset to Next, and we are committed to providing a working environment in which our employees can develop to achieve their full potential and have opportunities for both professional and personal development” Their priorities as a company is said to provide and environment for their employees where they are, • Supported and respected • Treated fairly and taken care of • Listened to • Motivated to achieve their full potential The overall purpose of Human Resource Management is to ensure that the organization is able to achieve success through people. Ulrich and Lake (1990) have stated that “HRM systems can be the source of organizational capabilities that allow firms to lear... ... middle of paper ... ...nd resources if employees are properly trained. NEXT needs the support of their employees to work harder for improvement and in return they need rewards and motivation to encourage them for their hard work. Recruitment, selection and training at higher or lower levels should be done throughout the business in any circumstance whether it be in times of recession or boom, the value is much greater for a business to have it then without. In conclusion it is recommended that NEXT should give more attention towards motivating people in terms of flexibility, rewards, reduced workload, vacations, bonus, rise in pay and promotion according to performance. As a market leader for high-street clothing in the UK NEXT are continuously meeting financial targets, as their employees help to achieve it is important for them to feel valued and rewarded through good HRM strategies.

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