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I hereby declare that the attached assignment is my own work. I understand that if am suspected of plagiarism or another form of cheating my work will be referred to the Academic Registrar/ or the Board of Examiners, which may result in me being expelled from the program. Signed: Date submitted: 28 November 2014 Table of Content 1. Introduction 2. Human Resource Management Today -Recruitment and Training & Development -Performance Appraisal -Constructing Work Environment -Managing Disputes and Issues 3.
Importance of HARM for Organizational Success -Human Capital Value Cost Savings -Corporate Image 4. Challenges Companies Today Face 5. Conclusion Human resource management (HARM) is defined as a function within organizations primarily designed to handle employees’ recruitment, training & development, performance evaluation and remuneration & benefit package. Apart from its basic functions as mentioned above, human resource management also comprises of other additional functions.
One of such function is to create a conducive workplace environment and culture where employees are productive and personal goals as well as objectives are aligned with the organization. Human Resource Management Today In the modern business environment context, organizations would not be able to assemble a good team of working professionals without a strong human resource body. The primary tasks of the HARM are discussed as follows: -Recruitment and Training & Development This is one of the most important responsibilities of the HARM.
The human resource management need to strategies accordingly, to the organization specifics, when hiring to make sure that they are bringing the right person for the right job. They will also formulate a contract of agreement between new hires and the company. Beside recruitment, they have to provide trainings for employees as the organization progresses. This is to develop specific skills and knowledge of the individuals to increase productivity. In turn, they will become an indispensable asset for the progression of the organization.
Performance Appraisal HARM encourages and motivates individuals in the organization to display their fullest potential at work. On a regular basis, they communicate with the employees, providing them with information with regards to their individual roles and performance. This is beneficial for the employees as it enables hem to clearly identify their area of work, as such they can better focus on the job specifics. Performance appraisal serves to motivate employees as it shows that the organization recognizes them. It is an important aspect of HARM to build and have a conducive, friendly working environment within the organization.
This is because it influences the productivity of the working individuals. With a safe, clean and friendly environment, employees would be able to do their best, being highly efficient. -Managing Disputes & Issues In all organizations, conflicts are almost inevitable. When an issue arises thin the employees and the employers, HARM will have to step in as the consultant or mediator. It is their responsibilities to listen to any unhappiness by the employees and then find effective solutions to sort out the issues before things get out of hands.
Importance of HARM for Organizational Success Human Resource Management is an important function in an organization that cannot be disregarded. It should be viewed as one of the key point towards progression. Business strategies of the organization should incorporate not only the other departments, but HARM as well in order to attain better results. Aside from executing its primary tasks, a competent HARM will be beneficial to its organization in several ways such as defining human capital value, cost saving, performance improvement and corporate image.
These beneficial ways will be discussed as follows: -Human Capital Value HARM will be able to understand how valuable each and every individual is to the organization and defining them with a capital value. It is important to understand this value because in most of the new businesses, some of the employees will have cross-functional job scopes. In the event that an employee leaves, it will certainly leave a big gap to fill. This will jeopardize the functionality and profitability of the organization. Hence, it is vital to understand the human capital value of each individual prior to making decisions. Cost Saving The cost of trainings and preparations of new employees or rehiring can be costly to the organization. Competent HARM with a well-planned recruitment strategy and selection process can help to minimize expenses in regards to job advertisements and training of newly recruited. -Performance Improvement The human resource department would usually formulate a form of performance measurement system to evaluate the performance of individuals within the organization. This will help to identify underperforming employees who did not meet the employer’s expectations.
They can then either try to improve their job performance or, to prevent wastage of funds, be asked to leave. -Corporate Image All businesses would want to attract the most talented employees to work for them. It is only possible by being an organization that is recognized positively in the way they treat their employees. Personnel with good qualification and exceptional skills will want to work for the organization and hence, HARM can then acquire the most talented candidates for its roles. Organization would certainly benefit from having these innovative and productive individuals.
There are certainly further more benefits of having a strong Human Resource Management team within an organization. It shows that the department not only handles the administrations and welfare of its employees. When used to its fullest potential, it can help propel the organization towards greater height and achieve greater milestone. Challenges Companies Today Face There are many challenges today that Human Resource Management in the companies faces. One of the many challenging situations would be building ND developing of relevant skills whilst creating a sustainable workforce within the organization.
HARM needs to build and develop employees with relevant skill sets in order for them to quickly apply the new knowledge to their daily work. The department should invest and devise in a set of training programmer which all employees must go through. From prerequisite foundation training for new hires to upgrading workshops for existing employees, these will give them the necessary skills required when facing work challenges. At the foundation level, new staffs would recognize their job expectations and they are to understand that the organization provides constant training and upgrading for its employees.
It will help them to better integrate into new working environment as well as keeping in mind that the organization will empower their staff members constantly through various training. Apart from skills and knowledge training, HARM could also organize trainings that cultivate core values. An example would be leadership skill Of employees. Through constant training and cultivation, HARM would then be able to pick out promising talent from its pool to eventually succeed in the organization’s management role.
The overall improvement empowers the workforce to sustain and overcome any new challenges which may arise while the company develops. Organization that invests heavily in its people would definitely be able to harvest the wealth of knowledge for further advancement. It is important for the organization to make future plans and be on their toes to ensure a successful future of the organization. Conclusion The roles of Human Resource Management within an organization had since moved away from being a traditional department whose concerns are administration issues, payroll processing or handling of enrolment.
In today’s modern business world, HARM have developed into an essential role for the organization. Apart from its administrative work, HARM are now required to organism and provide trainings that amplify productivity. It is also the role of the HARM to maintain and influence positive morale In the working environment, to create a highly motivated and driven workforce within the organization. Organization have to understand the growing importance of HARM and thereby, incorporating them as one of its key strategies towards alluding a successful and sustainable business in the global industries.