Essay
Essay Human Resource Management
- Module
- Human Resource Management
- Institution
- London School Of Business And Finance
Essay of 1 pages for the course Human Resource Management at London School of Business and Finance (HR)
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We have talked about the basic concept of HRM and the ways in which it assiststhe organization meet its goals. In this article, we debate the motives for
organizations to have a HRM strategy along with the business drivers that make
the strategy necessary for success in any organization .
It is a truth that to rise in the competitive and unstable business environment,
companies need to constantly creat new and advanced
strategies in terms of practicing business . It is for this reason that to be on
the top of the pack that HRM becomes a beneficial tool for management to
guarantee well being of the organizations.
The Evolving Business Paradigm
One of the reason behind firms giving a lot of importance to their people is the
demanding nature of the firms in the current business environment. Given the
fact that there has been a fast movement towards an economy based on services,
it becomes important for firms to interfere in the service sector to keep their
employees motivated and productive. Even in the manufacturing and the
traditional sectors, the urge to remain competitive has meant that firms in
these sectors use strategies that make effective use of their resources. This
changed business landscape has come out as a the result of a paradigm shift in
such a way that businesses and firms view their employees as more than just
assets and in reverse adopt a human first approach.
Strategic Management and HRM
As discussed in the articles on modern era HRM practices, there is a need to
agree on goals set by organizations with that of the HR strategy to make sure
that there is conjunction of the people policies with that of the management
objectives. This means that the HR department can no longer be referred as an
supplementary part of the firm but instead it will be a vital organ in helping
organizational success.
The goals of strategic management are to give the organization with a sense of
direction and a feeling of motivation. The days when the HR manager was
concerned with administrative responsibilities is ended and the current HRM
which is being practiced in many industries are taken seriously with the
function of marketing and production.
Importance of HRM for Organizational Success
The application of HRM must be encouraged the idea of overall strategic goals
for the organization instead of a separate goal that takes only one unit based
or a micro approach. The idea here is to take on a complete perspective towards
HRM that secures that there are no fragmented strategies and the HRM policy
entangled itself fully with the goals organization sets for itself. For example,
if the training necessities of the employees are simply met with trainings on
omnibus topics without any interest, the firm tends to lose not only the time
that the employees spend in training but also a loss of direction. Hence, the
organization that takes its HRM policies seriously will ensure that training is
based on focused and topical methods.
In closing, the practice of HRM should be combine with the overall strategy to
guarantee the effective use of people and provide better refund to the
organizations in terms of ROI (Return on Investment) for every rupee or dollar
spent on them. Unless the HRM application is planned in this way, the firms face
lose from not utilizing people fully. And this does not go well for the success
of the organization.
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