Assignment. THE MANAGEMENT OF HUMAN RESOURCES
Assignment. THE MANAGEMENT OF HUMAN RESOURCES
Content
Description
Human Resource management plays a crucial role in ensuring the success and growth of an
organization.
● One of the key objectives of Human Resource management is to hire and retain
skilled individuals who may contribute to the success of a business. By implementing
effective recruitment and selection processes, human resource managers aim to
identify and attract skilled individuals who possess the necessary knowledge, skills,
and abilities required for the job.
● Also, human resource management seeks to establish a productive workplace where
workers are motivated and committed. This can be achieved through different
strategies.
● Additionally, promoting inclusion and diversity inside the organization is one of the
goals of human resource management. This is important as diverse perspectives and
backgrounds can lead to innovative ideas and better decision-making.
● One of the key objectives of human resource management is to increase employee
wellbeing and happiness.This can be achieved by implementing policies and
practices that promote work-life balance, offering competitive compensation and
benefits packages, providing opportunities for career development and advancement,
and promoting a healthy and safe work environment.
2. The functions of human resource management.
2.1 Key operational functions of human resource management.
● Recruitment and Selection: This involves attracting, sourcing, and selecting qualified
candidates for job vacancies within the organization.
● Orientation and Onboarding: This function entails providing new employees with the
necessary information and resources to integrate them into the organization
effectively.
● Training and Development: HR management is in charge of determining the need for
training, developing and implementing training programs, and offering chances for
employee development to improve knowledge and abilities.
● Performance Management: HR management establishes performance goals and
metrics, conducts regular performance evaluations, and provides feedback and
coaching to employees to ensure optimal job performance and productivity.
● Compensation and Benefits: HR management is in charge of creating and
overseeing employee benefit programs, as well as salary systems, bonuses, and
other financial incentives.
● Employee Relations: HR management plays a crucial role in maintaining positive
employee relations, ensuring effective communication between management and
employees, addressing employee concerns and grievances, and fostering a positive
work environment.
The key strategic functions of human resource management play a vital role in driving an
organization's success and creating a competitive advantage in the global marketplace.
These functions include:
2.3 The relationship between business strategy and human resource management.
3. How internal and external factors impact the human resource management
function.
The effectiveness of a business's human resource management function is crucial for its
overall success and competitiveness. There are several techniques that can be used to
measure the effectiveness of a business's human resource management function.
● One technique is surveying the customers of the HR function. This approach involves
gathering feedback from managers, supervisors, line executives, and human
resource professionals to assess their perceptions of the importance and
effectiveness of the HR function in the organization.
● Another technique is conducting an HR Audit, as suggested by Ulrich. An HR Audit is
a systematic assessment of the HR function to evaluate its performance and identify
areas for improvement.
● Additionally, the HR Scorecard can be used to evaluate the effectiveness of talent
management and development techniques. The HR Scorecard is a comprehensive
framework that allows organizations to measure the impact and value of their HR
initiatives.
● Furthermore, HR Surveys can be conducted to gather data on various aspects of the
human resource management function, such as employee satisfaction, engagement,
and perception of HR effectiveness.
● HR Experiments can also be used to measure the effectiveness of human resource
management techniques. By conducting controlled experiments, organizations can
assess the impact of different HR interventions and strategies on outcomes such as
employee performance and satisfaction.
● Lastly, HR Analytics can provide valuable insights into the effectiveness of the human
resource management function. By analyzing HR data and metrics, organizations
can evaluate the impact of their HR initiatives on key performance indicators such as
employee productivity, retention rates, and workforce diversity.
4.2 Suggest ways in which a business could improve the effectiveness of its human
resource management function.
Reference:
3. Embrace diversification
4. Embrace digitization