An Effective Method Of Human Resource Management - 1383 Words

Among businesses seeking competitive advantage, it is readily acknowledged that human capital represents an organization’s greatest asset. As such, it is critical for organizations to devise an effective method of human resource management (HRM) in order to maintain a competitive advantage within a global market. In addition, globalization of business has led organizations throughout the world to invest heavily in technology, and more specifically, in Human Resource Information Systems (HRIS) to efficiently handle such tasks such as recruitment, training, support, and management of its human resources (HR). In defining what an HRIS is, Kavanagh and Thite (2015) explain: A Human Resource Information System is a system used to acquire,†¦show more content†¦The amount of money companies invest in employee training and development increases nearly every year. As author Bill Leonard explains: The latest statistics compiled and released by the Association for Talent Development (ATD) revealed that corporate spending for employee training and development programs has held steady for the past two to three years. The ATD 2014 State of the Industry report found that businesses spent an average of $1,208 per employee on training during 2013, which is an increase of $13, or 1 percent, from 2012. (www.shrm.org) There are numerous ways to teach a workforce skills, however, there is no one perfect method that will be effective for all employees. This represents quite a challenge for HR personnel seeking to implement LD. Apart from this, while most managers will avow that LD adds value to an organization, measuring its effectiveness is often more elusive. Unfortunately, for those organizations that neglect to modernize their LD methods, productivity and growth can be stymied. â€Å"Learning and development helps organizations build and maintain internal capabilities so they can successfully execute their strategies. It includes: †¢ The identification of key employee skills and abilities and the methods for teaching and acquiring them. †¢ Training program design and delivery †¢ Leadership assessment and development programs †¢ Internal and external executive coaching †¢ The metrics used to assess each of these programs.†Show MoreRelatedHuman Resource Planning Assignment1359 Words   |  6 PagesBusiness Management and Psychology [pic] Module: Human Resources Assignment: Discuss how Human Resource Planning contributes to effective Human Resource Management Date: 21st December 2011 Student: Laura Doyle Lecturer: Michelle Flannery Introduction In the following text, the process of Human Resource Planning will be defined and described in detail. We will see the importance of Human Resource Planning and the essential role it playsRead MoreEssay on MBA detail course outline1314 Words   |  6 Pages14) General Management 1st Quarter Effective : Spring Quarter 2011 Human Resource Management Finance Accounting Banking Finance †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Organizational Communication †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Principles of Management †¢ Research Methods †¢ Research Methods †¢ Research Methods †¢ Research Methods †¢ OrganizationRead MoreJob Evaluation for a Human Resource Manager738 Words   |  3 PagesJob evaluation for a Human Resource Manager Job evaluation is a systematic approach used for defining the relative value or worth or size of job or duties and responsibilities in an organization in order to establish internal relativity and provide the base for designing an equitable grade structure, grading jobs in the structure and managing relativities. In this case study, I will evaluate the performance of a Human Resource Manager. A Human Resource Manager is the individuals who help inRead More HR roles and responsibilities Essay1121 Words   |  5 Pages In today’s competitive business market, it is very important to remember how effective planning and development play an important role in the overall success of the organization. The ability to plan and execute an effective strategy is only as good as the people that are placed in the positions to make these decisions. It is crucial to have an aggressive team that will be both competitive and motivated to carry out the objectives set forth. Not only is it important to understand how these individualsRead MoreThe Effective Management Of Human Resources1338 Words   |  6 PagesThe effective management of human resources is essential for business success. In this article, it will talk about the importance of the effective management of human resources. Human resources management is a function that using the limited employees to do the most work and mak e the business run, which is called HRM or simply HR. A valid work on human resources management will make business successful. The intention of this discussion is to argue about various sources, helpful purposes and functionsRead MoreHrm. Recruitment and Selection Report1715 Words   |  7 PagesHuman Resource Management. Recruitment and selection report. February 2008 1770 Words Human Resources Management. Human Resources Management (HRM) is described by Michael Armstrong in A Handbook of Human Resource Management Practice as â€Å"strategic and coherent approach to the management of an organizations most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business† . One of the main parts of HRM is theRead MoreHuman Resources Policies And Procedures1704 Words   |  7 PagesAssignment 2: Human Resources Policies and Procedures Ways that the Joint Commission has influenced the basic functions of HRM Every patient is supposed to access safe and quality healthcare services at all times. As such, it gets important to develop proper communication channels and a good understanding of the patients for purposes of offering high quality healthcare services. The fact that hospitals serve people from all over with varied cultures tends to call for effective planning by the managementRead MorePerformance Management Plan Essay1285 Words   |  6 Pagesï » ¿ Week 4: Performance Management Plan Abstract Performance management is an essential tool for a company. It creates the opportunity for the individual success of all its employees, and therefore the longevity of the company to prosper. Performance management creates a point of reference for the employee to see where they stand performance wise, and gives the employees the insight to see where they can strengthen their productivity. The following paperRead MoreHuman Resources Management– Case Study1421 Words   |  6 PagesHuman Resources Management– Case Study Human resource management refers to a series of human resources policies and the corresponding management activities. These activities include corporate human resources strategy, employee recruitment and selection, training and development, performance management, compensation management, staff flow management, employee relationship management, employee safety and health management, etc. Namely: enterprise modern management method, is used to obtain (candidate)Read MoreStrategic Role Of Human Resource Management1550 Words   |  7 Pagesthe face of increasing competitive environment organisation needs to focus on the value of investing human resources as a major competitive advantage. It is important to set a HRM to meet those advantages to meet company’s objectives with the flexible environment. Schuler (1992) defines strategic human resource management as â€Å"the integration and adaption to ensure (1) human resource management is fully with the strategy and the strateg ic needs of the firm (2) HR polices cohere both across policy