Human Resource Management
Final Paper
Anglia Ruskin University
STU40664
Word Count 2702
Submitted on the 20th of October, 2014
IMPACT OF HUMAN RESOURCE MANAGEMENT ON ORGANISATIONAL SUCCESS
The Case of Hotel Millennium
Introduction
Human Resource Management (FIRM) can be described as the planning, organizing, directing, implementation and control of policies and processes aimed at optimum utilization of employees in a bid to achieve the corporate objectives. According to Johnason, P.
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Companies in the beginning or growth phases can benefit from identifying training needs for existing staff. It's much less expensive than the cost to hire additional staff or more qualified candidates. In addition, it's a strategy that also can reduce turnover and improve employee retention.
Employee Satisfaction
HRM can determine the level of employee satisfaction with carefully designed employee surveys, focus groups and an exit interview strategy. What underlies employee dissatisfaction can be addressed to motivate employees.
Human Capital Value
Human resources expert or staff can increase the understanding of how important human capital is to the company's bottom line. For small businesses, in particular, human capital is critical because so many smaller firms have employees who perform cross-functional duties. With a smaller workforce, if just one person leaves, it leaves the company with a huge gap to fill and a potential threat to the company's profitability.
Conflict
* Human resource management= the management function focused on maximizing the effectiveness of the workforce by recruiting world-class talent, promoting career development and determining workforce strategies to boost organizational effectiveness
Human resource is vital to 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. Human Resource managers are responsible for getting the right people in order to meet the organization’s aims successfully.
For existing employees a training program also has numerous benefits: It will help them to continually improve their knowledge, skill sets and keep them fully engaged in their work.
Human resource , or any are- be it marketing, finance, or manufacturing- deserves more attention and resources if and only if it creates value. (Prof. Dave Ulrich, 2005). In is article he said that human capital is important intangible asset for creating a value. A company can influence, but not control, employee’s expectations and perceptions of the firm- two factors that largely drive their behavior, how hard they work, how well their actions support the firm’s interest and ultimately whether they will continue working for the firm.
Human Resource Management is the precise and compelling administration of individuals to attain the wanted goals. To addition a vital edge, it is exceptionally essential to deal with the "individuals" assets beneficially. This will help to accomplish the vital objectives and the fulfillment of the individual worker needs. All the Human Resource practices are focused around moral establishment. It is the obligation of the businesses to keep up wellbeing and security of their head honchos in the work environment.
Training has many benefits for both employees and employers in an organisation and they are discussed below.
Training also helps company to train employees with different skills which will help them to perform variety of task within the organisation.
Human Resource Management is the function within an organization that focuses on recruitment, management and provides direction for the people
Human resources management covers all levels ( low ,middle and top) and categories( unskilled, skilled, technical, professional, clerical and managerial) of employees. It covers both organized and unorganized employees.
Human resource management theories have relation to various factors including the policies of the firm, the management of performance within the firm and the connection with the achievement of strategic goals of the firm. Human resource management has a rich history, dating back to the 1920s where the existing companies started paying special people to manage the activities of the workers in term of paying them, accounting their absence and handling their recruitment and dismiss. By the 1940s, there was the establishment of the labor management sections within the companies that catered for the welfare of all the employees. By the 1980s, the title of labor welfare and management had evolved to personnel administration unit, later changing to the term human resource management (Runar 2008).
At the outset we would like to thank IMT Dubai and Dr. Arun Prasad for providing us with the opportunity to go beyond the classroom teaching and actually have a hands on experience on the HR practices of an organization. This was a great learning opportunity for us and will hold value for us in the future.
Human Resource Management (HRM) - is both an academic theory and a business practice. It is based on the notion that employees are firstly human, and secondly should NOT be treated as a basic business resource. HRM is also seen as an understanding of the human aspect of a company and its strategic importance. HRM is seen a moving on from a simple “personnel” approach (or was supposed to) because it is preventative of potential problems, and secondly it should be a major aspect of the company philosophy, in which all managers and employees are
At the outset we would like to thank IMT Dubai and Dr. Arun Prasad for providing us with the opportunity to go beyond the classroom teaching and actually have a hands on experience on the HR practices of an organization. This was a great learning opportunity for us and will hold value for us in the future.
Human resource management is a function used by various organizations to enable them to maximize employee’s performance and it focuses on policies and different systems.
Human Resource is an important department that matters. When you look at the challenges and successes in business workplace it is because of the actions of the human resources. Since HR is becoming a distinguishing competitive advantage the management of such resources is vital. When prompted about the importance of HR productivity founder of Global Learning