Monday, December 30, 2019

Essay on Human Resource Management in Business - 3172 Words

Running Head: HUMAN RESOURCE MANAGEMENT IN BUSINESS Human Resource Management in Business Sylvan R. Wilcox Warner Southern College Abstract Human Resource Management (HRM) is no longer a personnel office that is simply a record-keeping and maintenance function. Huselid (1995) points out that there is a positive correlation that has developed between HRM as a strategic ally and company performance. HRM research has grown from an atheoretical origin to view organizational activities from an interdisciplinary perspective (Jennings, 1994) that is concerned with a movement toward methodological and theoretical development (Ferris Judge, 1991). This review will look at the different ways HRM plays into the overall scheme of providing†¦show more content†¦Without HRM practices in place, organizations are likely to suffer in the three areas described above. The importance of HRM as a business function is exemplified in Huselids (1995) view that HRM practices influence employees skills and competencies through the acquisition and development of a businesss human capital. Because HRM is such a fast-changing study it seems appropriate here to explain the alternative terminology that is starting to make the scene. Human capital was introduced in a statement by David Walker (2000), the Comptroller General: We at GAO use the term human capital because in contrast with traditional terms such as personnel and human resource management it focuses on two principles that are critical in a performance management environment. First, people are assets whose value can be enhanced through investment, as the value of people increases, so does the performance capacity of the organization, and therefore, its value to clients and other stake-holders. Second, an organizations human capital approaches must be aligned to support the mission, vision for the future, core values, goals, and strategies by which the organization has defined its direction and its expectations for itself and its people... The term human capital originated in the field of economics. But both words human and capital are equally important to the concept as we apply it. Enhancing the value of employee is a win-win goal for employer and employeesShow MoreRelatedHuman Resource Management And Business Strategy Essay1307 Words   |  6 Pagesbetween human resource management and business strategy is one of the most m important demands that are placed upon modern strategic human resource management. In both the management and the academic literature, it is generally acknowledged that the strategic deployment and management of personnel can contribute to the success and continuity of the firm. Some go even further by stating that a firm’s human resources form the basis of the firm’s competitive advantage. In this view, the human resourcesRead MoreHuman Resource Management At A Large Business934 Words   |  4 Pagestoday is that I am the Human Resource Manager of a large business called â€Å"Achieving better people management†. The main content in Human resource management that I will be covering is the recruitment stage. What is HRM? Well what is Human Resource Management; it is the management of the employee relationship that covers establishing, maintaining and terminating employment. Why is it Important? Human Resource Management is very important in an organisation/business, human resource managers will hireRead MoreBusiness Intelligence For Human Resource Management1426 Words   |  6 PagesThere are considerable of business intelligence applications in real world that are composed by the four basic elements of business intelligence to access the data [6] .see Figure above. The system of Humana Resource Management uses also business the tools ofintelligence tools. Using business intelligence for human resource management, it predicts which workers are likely to perform well; it predicts which workers are likely to get their leave, recruiting intelligently based on performance recordsRead MoreHuman Resource Management in Business Context1189 Words   |  5 Pagesï » ¿Human resource management or mostly named simply as HRM is a strategic method thoroughly thought out for managing industrial relations which accentuate the fact that workforce efficiency and commitment are the key fa ctors in achieving constant competitive advantage or high quality work performance. This is accomplished through a peculiar set of integrated employment policies, programmes and practices intruded in an organisational and social context (Bratton and Gold, 2012). The new HRM model isRead MoreBusiness Administration And Human Resource Management845 Words   |  4 Pagesvery frequently. I am studying in both business administration and human resource management and will identify how both fields could benefit from this research method below. Additionally, the pitfalls or negatives will be analyzed to ensure that there is a clear understanding of how best to use this method of research to the absolute maximum. First, let us examine how the world of business uses quantitative research methods on a daily basis. In the business world, numbers generate all outlooks viaRead MoreHND Business Human resource management5390 Words   |  22 Pagesï » ¿ Difference between Human Resources and Personnel management (1.1) Personnel Management Personnel Management is essentially an administrative record-keeping function, at the ground level. Personnel Management professionally manages employee’s activities for individual departments for example in Bhs you will have a personal manger for customer services. It is assumed that the outcomes from providing justice and achieving efficiency in the management of personnel activities will resultRead MoreBusiness Ethics For Human Resource Management1309 Words   |  6 PagesWhat are the implications of business ethics for human resource management? Explain the potential roles of human resource managers in the ethical conduct of business. By Shehan Perera (100684161) Ethics in HRM suggests the treatment of employees with common decency and justice. Ethical business practices contributes to the long and short term business objectives as the employees will feel motivated thus they will work efficiently and effectively . The conduct ofRead MoreEssay on Human Resource Management in Business3064 Words   |  13 PagesHuman Resource Management in Business Abstract Human Resource Management (HRM) is no longer a personnel office that is simply a record-keeping and maintenance function. Huselid (1995) points out that there is a positive correlation that has developed between HRM as a strategic ally and company performance. HRM research has grown from an atheoretical origin to view organizational activities from an interdisciplinary perspective (Jennings, 1994) that is concerned with a movement toward methodologicalRead MoreHuman Resource Management and Business Strategy5165 Words   |  21 Pages| Human Resource Management and Business Strategy | | | Abstract Human resource strategies of the group Sun City International have been identified and analysed for purposes of this report. While reviewing the different related literature this report attempts, through an analysis of external and internal factors, to examine how strategic management may help to deal with challenges and changes in a company, closely linked to the human resource department of the group. Finally, the impactsRead MoreHuman Resource Management in Business Context1884 Words   |  8 Pagesmotivator for employees and is it an effective way for organisations to gain and retain high performing staff. This is questionable especially as organisations differ in size, organisational culture (therefore differing needs), the ability and/or resources to manage an effective process to support PRP. This study will explore whether performance bonuses offer a win-win for both the organisation and the employees, using primarily the public sector, with reference to the private sector. â€Å"PRP was the

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.