This website uses cookies to ensure you have the best experience. Learn more

Benefits Of Hrm Essay

749 words - 3 pages

This essay will focus on the benefits that an effective Human Resource Management strategy can bring to any firm. Basically it will improve the performance of an organization by linking HRM to the strategic aims of a firm, helps to assess HR policies, will bring competitive advantage, brings team-building, helps direct and supervise the performances of the employees and keeps the firm legal.
Strategic HRM is based to the principles of HRM which is basically a management process that is carried out by the existing workforce in an organization. It includes functions such as attracting, selecting, and training, assessing and rewarding the employees and at the same time managing organizational ...view middle of the document...

13).
By creating a link between strategy and HR, it helps the firm to evaluate its existing HR policies and so it assists in substituting unproductive policies with those that offers better employee relations and better working environment this in turns boosts up employee’s moral and they give good outcomes and reduces labor turnover rates.
According to the theorists strategic HR practices directly influence the human capital of a firm which can bring competitive advantage (Delery, 2001). Human capital comes from employees only who are motivated by the correct HR practices. Human resources add value to the firm and cannot be copied by the rivals therefore they are the cause for sustainable competitive advantage (Wright, 1994). Competitive advantage can be gained from training, working and payment security, rewards, recruitment process, practice measurements, high wage and all those activities that fall under HRM.
Other than this, it improves team working. Making a strategy with encourages communication helps employees and all stakeholders to feel that their ideas are given importance and that they are useful to the entrepreneur, thus boosting team spirit in the organization. Also it helps the management to supervise if all the actions are taken on time by the workers to achieve business goals, thus also keeps workers alter that they need to perform well as they are...

Other Papers Like Benefits of Hrm

Human Resource Management Essay

1567 words - 7 pages Chapter 1 Human Resource Management   HRM Activities HRM involves the acquisition, development, reward and motivation, maintenance and departure of anorganisation's human resources. To do this successfully HRM must do all of the following: •Job analysis •Human resource planning  •Employee recruitment  •Employee selection •Performance appraisal  •Human resource development  Career planning and development  •Compensation • Benefits • Industrial

Management And Effects In Hrm Essay

2316 words - 10 pages , opportunities and threats (SWOT) to its external and internal environments. Human Resource planning, job analysis and job design are the core concepts in setting the organizations foundation for effective and efficient “selection, compensation and benefits, training and development, and performance appraisals (Youssef, 2012).” The practices and policies adhered by the HRM team guides the course of actions used to allocate resources to opportunities

Human Resource Management and the Workplace

1902 words - 8 pages group to focus on the regulations and to train the management of our division on any regulation changes as necessary. Once the changes to recruiting methods were changed, the HRM group was then freed to revise the benefits package. This package revision required the group to look at the paid time off plan and the health benefit plan. Recent law changes will impact the health plan over the next several years, but the HRM group decided the

Concepts of Human Resource Management

1263 words - 6 pages CONCEPT OF HUMAN RESOURCE MANAGEMENT – MBA MENTOR Human resource management means management of people at work. HRM is the process which binds people with organizations and helps both people and organization to achieve each others goal. Various policies, processes and practices are designed to help both employees and organization’s to achieve their goal. Human resource management is branch of management that deals with people at work, it is

Role And Functions Of Human Resource Managemet

1189 words - 5 pages determining a relative value of jobs in an organisation. Another practice is performance appraisal which helps to measure the performance of the employees. Next motivating practice is basic pay and also benefits. Another key function of HRM is developing. Where HR person analyzing learning requirements to ensure that staff have suitable knowledge and skills to carry out satisfactorily in their work or to advance in the organisation. In this

Managment

1311 words - 6 pages management • Appreciate the strategic challenges facing human resource management What is Human Resource Management? The focus of human resource management (HRM) is on managing people within the employer-employeerelationship. It involves the productive use of people in achieving the organisation's strategic business objectives and the satisfaction of individual employee needs. HRM is a major contributor to the success of an enterprise because

How to Be Successful as an Hr Manager

1537 words - 7 pages needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at all levels.” It is a function within a business that manages the human capital element and all that it encompasses. It functions as a business unit that deals with all the aspects of employees. The Role of a HRM in a Company

What Is Human Resources Management? In What Respects Does It Differ From Personnel Management? How Have HRM Techniques Been Designed To Facilitate The Management Of Workplace Change?

3231 words - 13 pages of employees carried out by HRM has become more effective. The more accurate the recruitment, the more benefits the organisation will achieve. This is because the employee will carry out their tasks more appropriately and will be 'ideal' for the new post and will be able to take responsibilities. The more recruitment in an organisation, the higher the overheads and therefore HRM needs to be effectively managing and deciding whether there is a need

Differences Between Human Resource Management and Personnel Managent

886 words - 4 pages DIFFERENCES BETWEEN HRM AND PERSONNEL MANAGEMENT ALTHOUGH both human resource management (HRM) and personnel management focus on people management, if we examine critically, there are many differences between them. Some are listed below: i) Nature of relations: The nature of relations can be seen through two different perspective views which are Pluralist and Unitarist. There is a clear distinct difference between both because in personnel

Compe and Ben

2116 words - 9 pages / Revision of syllabus – Lecture XV Tuesday, 29 July 2014 Compensation & Benefits – Methodology  Theory Presentation  Classroom Discussion  Case Study Method  Numerical Examples  Group Assignments  Individual Assignments Tuesday, 29 July 2014 Compensation and Benefits – Reference Text  Essentials of HRM and IR by P. Subba Rao  Managing Human Resources by Bohlander, Snell, Sherman  Compensation and Reward Management by B. D

Human Resources Management Roles

925 words - 4 pages Human Resources Management Roles Corenna DeRuiter HCS 341 August 29th, 2011 Nichole Harris Human Resources Management Roles The human resources management (HRM) role, in aspects of the health care industry has become very difficult. Nonetheless, areas of expertise fields include such struggles as maintaining sufficient employment balance; quality study is required to assess the staffing needs. The

Related Essays

Group Insurance And Welfare Law Hrm 425: Benefits, Safety, And Health

809 words - 4 pages If employers had it their way they would have employees working for them with as little as possible. Thankfully it is more of the unethical employers that would do this but even those organizations that are well-rounded in ethics can show a little of their bad side when it comes to benefits and money contributions. This is why laws and regulations were implemented into companies by the states and federal government so that those that want to

Human Resource Mgt Essay

2526 words - 11 pages fourth principal HRM function, maintenance of human resources, encompasses HRM activities related to employee benefits, safety and health, and worker-management relations. Employee benefits are non-incentive-oriented compensation, such as health insurance and free parking, and are often used to transfer nontaxed compensation to employees. The three major categories of benefits managed by HRM managers are: employee services, such as purchasing

Diffrences Soft And Hard Essay

588 words - 3 pages encouraged to seek delegation and take responsibility - Appraisal systems focused on identifying and addressing training and other employee development needs - Flatter organisational structures - Suits democratic leadership style 3. Hard HRM treats employees simply as a resource of the business (like machinery & buildings) thus company will try to reduce the cost as much as they can in order to maximize their profit, the manufacturing based

Hrm And Organizational Performance Essay

1926 words - 8 pages performance, Starbucks ensures that entry level baristas get 24 hours of training prior to starting work in order to prepare them to stay calm during busy hours. Other HRM best practices that Starbucks has in place include comprehensive health benefits that exceed those provided by other retailers. Even though most of its employees are part time workers, Starbucks ensures that they receive the benefits of full time workers if they work 240 hours a