A Necessary Function to Innovate a Business - Essay Example

Human resource management: a necessary function to innovate a business Contents Contents 2 Introduction 3 Definition 3 Function 4 Characteristics 5 Benefits or importance 6 Conclusion 8 References 9 Introduction Human resource management is very important for function for innovate a business. It is the human resource of the company which would innovate in the business. Modern business is full of innovation. Human resources function is the back bone of any company or business house as far as the business innovation is concern. Human resource is a function which is the custodian of talent of business house. This function is responsible for recruiting human resource for the business house. This function is important for recruiting innovative workforce. There is no doubt that the importance of human resource for business innovation is unquestionable. Human resource is very important for business innovation as the HR is the only functionality which deals with recruitment of innovative talent and retains those human talents for the business house. Definition Human resource management is a function in organizations created for maximization of workforce performances and for their employer’s strategic goals. Human resource management is a process which hires and develops employees so that they can be more precious for the organization. In human Resource Management different processes are included those are performing job analyses, planning for needs of personnel, recruitment of the proper people for the right job, training and orientation, managing wages and salaries for workforce, offering different incentives and benefits, performance evaluation, issue resolving and maintaining communication at all level of organization (Ronald, 2007, pp. 45-52). The HR function is primarily related with the management of workforce within the organizations. This function is also focuses on policies and systems of organizations. HR function is typically responsible for a different number of important activities. This function is also focuses on with industrial relationship. Human resource management is the custodian of the workforce of an organization. Human Resource Management is a function within every innovative business organization that focuses on whole process of recruitment, providing direction and management for the people who work in that organization (Ronald, 2007, pp. 56-59). Human Resource Management is a systematic process of managing workforce in a company; it deals with interpersonal relationship of that organization. HRM can be defined as the management of people at work place of any organization. Human Resource Management is a management process which unites people with their organizations, it also helps both organization and employee to converge each other’s desired goal (Biswajeet, 2005, pp. 89-96). Human resource management is a function of management that deals with organization workforce. HRM is concerned with different human dimensions of management related to the organization. Human resource focuses towards all the management decisions which are responsible for maintain relationship between workforce and organization. It is functionality of management which is responsible for all the workforce related matter and situation (Biswajeet, 2005, pp. 104-106). Function Human resource management has lots of function regarding the work force of any innovative business house. Staffing is one of the core functions of HRM. It is all about setting different procedures and guidelines to guide recruiting and placement for the company. It focuses on different issues like monitoring of leave and disciplinary matters. Robert and John (2008), claim another very important function of HRM is retention of good employees for business innovation. It would reduce the attrition rate of employee (Robert and John, 2008, pp. 59-64). Providing training and different orientation programs for the betterment of the workforce is also an important function of human resource management. Personal development and employee value creation is also an important function of human resource management. Remuneration, offering packages, distributing reward to the performing employee is also an important function of human resource management. It is a very important function of HRM. Maximum employee of any organization are very much concern with their salaries, perks and incentives (Robert and John, 2008, pp. 67-75). Appraisal of employee is also a very important function of Human resource management. Performance appraisal is the only way by which organization able to measure performances of each and every individual employee. Industry relationship is also a very important function of human resource management. Human resource management is also related with different legalities of the company (Robert and John, 2008, pp. 79-83). Personnel related planning and monitoring of those personnel is also a very important function of human resource management. Employees are the internal stake holders of any company. Human resource management has another function of creating inter personal relationship among those internal stake holders. It converge the goal of employee and organization into a common point. The main function of human resource management is to custodian of talent related to innovative business. Societal objectives of any business house can be accomplished with the help of proper human resource management (Robert and John, 2008, pp. 87-95). Characteristics Ronald (2002) stated that different characteristics of human resource management are discussed here. All organizations no matter what the size irrespective of size or extent of its resources commercial or nonprofit making depends on Human resources management. Human resource management is an art and a science. The balance of art and science of HRM is very tough and delicate in nature (Ronald, 2002, pp. 60-66). Human resource management is both the art of dealing with people with help of different resources and approaches. It can be termed as science also because of the usage of rigorous applications of theory and precision in different process. It has dual characteristics. It is pervasive in nature because it is needed in every department of any company or organizations. It is continuous process. It has to perform number of steps starting from human resource planning, recruitment, selection, training and orientation and at the last performance appraisal of employee. All steps come through a flow (Ronald, 2002, pp. 43-47). Human resource management is not a profit centre it is a service function of management. It provides services to all the other function of management. Human resource management is friendly with all legalities. It is always focuses on different legalities and rules and regulations. Interpersonal relationship and flexibility is also a significant characteristic of Human resource management. This function is having one more significant characteristics of result orientation (Ronald, 2002, pp. 75-78). It motivates the people to give full energy towards its work. It results into good result for organizations. People centeredness is also an important characteristic of Human resource management. Human resource management takes every human being on its merit. It has important characteristic of maintain human relationship in organization. One more important characteristic of human resource management is concept of people’s integration. Human resource management includes different welfare aspect, aspect of industrial relationship and personnel factors of employee (Ronald, 2002, pp. 90-96). Benefits or importance According to Mark, Lengnick, Cynthia and Lengnick (2003), human resource management is having immense benefits for innovative business. It is the function in the management which innovate different products and services of an organization. Human resource management utilizes the existing resources of any organization effectively. Every resource has its limitations. Human resource management provides a clear guide line for the proper and effective utilization of existing resources. Every company needs very skilled and well developed work force. Human resource management helps the organization to get more and more well developed and valuable efficient workforce (Mark, Lengnick, Cynthia and Lengnick, 2003, pp. 114-119). Importance of Human resource management in any organization is unquestionable. It can benefit the company in terms of discipline, training, performance measuring, rewarding, by retaining efficient employees and maintain industrial relationship. It has an importance in terms of setting and achieving different goals of any innovative business house. It is very important for meeting the desire goal of both employee and organization (Mark, Lengnick, Cynthia and Lengnick, 2003, pp. 123-127). It also gives focus to the ethical issues of organizations. It is also very important for uniting the whole organization and for dealing with different conflicts inside any organization. It is very important for maintain productivity of any organization. Productivity of any organization is directly related with the performance of its employee which is dealt with by the human resource management (Mark, Lengnick, Cynthia and Lengnick, 2003, pp. 147-154). Human resource management is very important for cost cutting of any organization. HRM function often comes up with different austerity measures to reduce its operating costs of any organization. It gives lots of benefit to the organization in terms of corporate image. Any organization with good Human resource management is having a very bright corporate image. People from different organizations also feel attraction towards the company with bright corporate image. Human resource management is also very important for sustainable business organization. Human resource management can be a significant difference maker between and average organization and a super successfully innovative organization (Mark, Lengnick, Cynthia and Lengnick, 2003, pp. 183-187). Conclusion Human resource management is one of the most important functions of management. Modern business world is ever-changing in nature. It is very important for every organization to adjust with all those sudden changes. Proper human resource management would enable the organization to keep pace with all those changes around. Human resource management doesn’t have any direct profitable influence for any organization. But Human resource management indirectly influences all other functions of management. Human resource management is must for every organization. There is no substitute of this function. It is the function which holds and controls all the delicate fabrics of any organization. Human resource management is the building block of any organization. Proper human resource management provides huge competitive growth to any organization. It can be the silent game changer for any organization which is striving for innovation and creativity. References Biswajeet, P. 2005. HUMAN RESOURCE MANAGEMENT. New Delhi: PHI Learning Pvt. Ltd. Mark, L. Lengnick, H., Cynthia, A. and Lengnick, H. 2003. Human Resource Management in the Knowledge Economy: New Challenges, New Roles, New Capabilities. San Francisco: Berrett-Koehler Publishers. Robert, L. M. and John, J. 2008. Human Resource Management: Essential Perspectives. Mason: Cengage Learning. Ronald, R. S. 2002. Organizational Success through Effective Human Resources Management. New York: Greenwood Publishing Group. Ronald, R. S. 2007. Human Resource Management: Contemporary Issues, Challenges, and Opportunities. New York: IAP. Stephen, E. C. 2010. Handbook of Human Resource Management in Government. San Francisco: John Wiley & Sons. Read More