Human Resource Management ( Hrm ) Concepts - 1429 Words

Human resource management (HRM) concepts are strongly tied to management effectiveness as well as an organizations overall success. In this report the author will examine the importance of a strong human resource department and how that influences the day-to-day running of the business. â€Å"Increasingly, what makes organizations effectiveness is how they organize staff and manage their human capital. It’s important for organizations to have the right amount of financial capital and hard assets, but it is the soft assets that are progressively the difference makers between successful and unsuccessful firms.†(Forbes, 2014) HRM is growing in use, especially since the mid 90’s, expanding its potential to be use as a vital resource to the organization. There are three management roles that HR normally falls into, those being administrative, operational, as well as strategic. While the administrative and operational roles are important more HR management is transforming into strategic contributors. In a morphing society management is exposed to issues never faced before such as: â€Å"organizational cost pressures and restructuring; economics and job changes; globalization of organizations and HR; workforce demographics and diversity, HR technology; and measuring HR impact through metrics† (Mathis, pg. 8). Due to all the previous mentioned aspects HR having a â€Å"seat at the table† is important for the future planning and state of the organization. By bringing the HR role into theShow MoreRelatedConcept and Origin of Human Resource Management1869 Words   |  7 Pages HRM Practice The concept and origin of HRM Experts have acknowledged that HRM is an inherent part of management, which is connected to an organizations human resource. It aims at maintaining better human relations in the organizations development, application, and evaluation of policies. This includes procedures and programs that relate to human resource to optimize their contribution in their quest for organizational goals. Concisely, human resource management deals with achieving betterRead MoreHrm And The And Human Resource Management1094 Words   |  5 Pagesdifferences in the field of HRM and IR. The Foundation of Industrial Relations and Human Resource Management is based on intense academic study. The essay is an endeavor to illustrate by scrutinizing their objectives and the viewpoints or the approaches of this field. The first part of the essay is an attempt to define HRM and IR and it further continues to explain the differences and similarities between the two. In the last part, the essay addresses various concept s and theories that exists inRead MoreHuman Resource Management Influence Organizational Outcomes1314 Words   |  6 PagesHow does Human Resource Management influence Organizational Outcomes? A Meta-Analytic investigation of Mediating Based on the Best-Practice model, a meta-analysis was conducted in order to examine the impacts of the three dimensions of Human Resource Systems which includes enhancement of skill, motivation and opportunity on both proximal and distal outcomes of an organization. The results indicate that skill-enhancing practices were more positively related to human capital and less positively relatedRead MoreHuman Resource Theories and Concepts1609 Words   |  7 Pagesusing Human resources models, concepts and assumptions, how and why people are of value to organisations and how and why it is assumed that HRM/SHRM can contribute to company success through valuing and managing its employees. According to Legge (2009 pg77), human resource management is defined as the strategic and approach to the management of an organizations most valued assets which is the people or the staff members. There is a traditional definition or way of human resource management andRead MoreDesign and Implementation of Sets of Strategic Human Resource Management Practices 1694 Words   |  7 Pagesdesign and implementation of sets of strategic human resource practices continues to lack coherence and consistency, primarily because the concept of fit is still so little understood. Strategic human resource management refers to managing people in organizations proactively, such that it helps a business gain competitive edge. It is directed by the organizational strategy, as opposed to human resource management which aims to on better management of people only. SHRM is gaining widespread popularityRead MoreThe Strategic Goals Of An Organization1602 Words   |  7 Pagesdivided into two main theories – Best practice, Contingency/Best Fit. Contingency / Best Fit Theory Contingent or best fit SHRM is well-supported through recent studies (Andersen, Cooper Zhu 2007). It supports a concept in which HRM is considered a ‘second order’ strategy, utilising HRM activities to complement and assist in achieving the organisation’s overarching strategy. This works on the assumption that the firm has a deliberate, realistic strategy; a supposition that may not be the case givenRead MoreHuman Resource Theories and Concepts1594 Words   |  7 Pagesusing Human resources models, concepts and assumptions, how and why people are of value to organisations and how and why it is assumed that HRM/SHRM can contribute to company success through valuing and managing its employees. According to Legge (2009 pg77), human resource management is defined as the strategic and approach to the management of an organizations most valued assets which is the people or the staff members. There is a traditional definition or way of human resource management and aRead MoreThe Relationship Between Hrm Practices And Employees Performance From An Islamic Perspective Essay1395 Words   |  6 Pagesquality; In order to compete in such a competitive, dynamic and always changing environment, organizations has to invest more on their human resources and equip them with needed knowledge and skills. To invest on human resources and improve performance, organizations have considered religion and culture as major shapers for employees’ performance at work place. HRM can be defined as the function within an organization that is responsible of recruiting, managing and providing the guidance and directionRead MoreThe Global War For Talent1509 Words   |  7 PagesHuman capital is possibly the most vital, yet overlooked, means of establishing competitive advantage for companies today. Business periodical have featured the â€Å"global war for talent†, the need for better ways to encourage innovation, the complexities posed by the maturing work-force, or the preparedness of the talent pipeline. Further, rarely can one look through a company’s annual report or listen to a CEO presentation without being reminded that â€Å"people are our greatest asset.† Regardless ofRead MoreConcept Of Strategic Human Resource Management1552 Words   |  7 PagesIntroduction Human Resource Management (HRM) has effectively been an integral part of organizations’ since the end of the 19th century. There has been continuous shift in name change, focus and responsibilities of HRM, with the role progressively evolving since the days of the industrial revolution, reflected in the change of terms from Welfare Officers, Personnel Management, Human Resource Management (HRM) and most recently Strategic Human Resource Management (SHRM). Many academics have written