A management team must develop the company’s ability to recruit, train, and keep first quality employees, as well as its ability to train and motivate seasonal workers. Without effective human resource management, company growth can be restricted and performance can suffer. The term Human Resource Management (HRM) refers to activities undertaken to attract, develop, and maintain an effective workforce within an organization. Companies such as General Electric and Hewlett-Packard have become famous for their philosophy about human resource management, which some analysts say is the foundation of their success. HRM is also important in nonprofit organizations as well.
Over the past decade, human resource management has shed its old personnel image and gained recognition as a vital player in corporate strategy. Research has found that effective human resource management has a positive impact on organizational performance, including higher productivity. Especially in today’s tight labor market, the ability to attract and retain quality employees can be a powerful strategic weapon. Some small business in particular report that finding and keeping good workers is the biggest problem they face. Human resource management has three
For example, a sports broadcaster may perform well on the job-knowledge dimension, but may not perform as well on another dimension, such as communication. First, all managers are human resource managers. Employees can use this information to change their job performance. They also describe performance areas that might need improvement. The CEO responded by reinstating the training program and expanding it to include bookkeepers and administrative workers as well as computer-repair and network-service technicians. Human resource programs are supposed to be designed to fit organizational needs, core value, and strategic goals. Human resource managers must find, recruit, train, nurture, and retain the best people. Promotion from within helps companies retain and develop productive employees. Companies as well as employees are increasingly appreciating the importance of training programs as they expect workers not only to have skills related to specific tasks but also to demonstrate the ability to think critically and solve problems. IJT has many advantages, such as few out-of-pocket costs for training facilities, materials, instructor fees and easy transfer of learning back to the job. a fast-growing computer services company, let its training programs lapse, productivity sagged and turnover soared. The major goals of HRM are to develop employees into an effective workforce. Promotion from within is one of the development approaches. Performance Appraisal is another importance technique for developing an effective workforce. A mix of economic, demographic, and social factors has led to an excessively tight labor market in most areas of the United States.