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Human Resources Management - Essay Example

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This essay "Human Resources Management" focuses on organizations that are moving towards a new level of competitiveness both internally and externally. In order to succeed there is a need for the management to enhance efficiency in all departments primarily in Human Resources. …

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Subject: Environmental Studies
Type: Essay
Level: High School
Pages: 3 (750 words)
Downloads: 2
Author: dallas76

Extract of sample "Human Resources Management"

Organizations are moving towards a new level of competitiveness both internally and externally. In order to succeed there is a need for the management to enhance efficiency in all departments primarily in Human Resources. The contemporary approach in HR management has been the increased role of the Line Managers. Line managers offer the first platform for employees to report back to the top management. This is the operational level whose performance directly affects the success of a firm. Therefore, line managers’ positions can be used to facilitate teamwork, higher performance, the cohesive gap between the management and the workforce, and the improvement of a company’s image (Taylor, 2011).
A company can use its HR functions to conquer the challenges of globalization. In relation to staffing, a company is supposed to employ a highly skilled and experienced workforce. This is possible through rigorous recruitment and training practices especially in technology-related fields. In order to attract and retain resourceful employees an attractive and competitive compensation package should be offered also to ensure growth sustainability. Employee’s performance should be constantly evaluated in order to correct fault lines and this is possible through performance management. This assists in ensuring that all employees are working towards the achievement of the overall organizational goals.
Intangible assets are generally those assets that are non-monetary and are not physical in nature. They comprise human capital which falls in the realms of HR management and intellectual capital among others. A company stands to gain competitive ground if it fully utilizes these assets. They form a source of value which is at 75 percent and as such need ample attention (Taylor, 2011). HR influences these assets through performance management, selection practices, compensation schemes, and training. Companies that utilize them even without adequate financial and physical capital, end up at higher competitive ground than those with the latter but short in intangible assets.
Evidence-based human resource management is based on healthy and skeptical attitudes towards what works and what does not in regard to HR practices in a company. This practice tries to assess qualitatively the human capital strategies that result in a certain achievement or lack of it for example the relationship between financial performance and the HR strategies in the workplace. An HR department may fail to appreciate this as it is more of a best practice approach that acts only as a guide but not the true nature of the HR landscape (Taylor, 2011). In this regard, its evaluation can be quite subjective leading to misleading findings.
Acquiring and preparing human resources contributes heavily towards helping a company gain a competitive advantage. Compensating human resources contributes least towards the above. Acquisition and preparation act as foundations of all human resource functions. It is here that a company needs to acquire the most skilled workforce possible. When this workforce is adequately prepared to handle the task ahead then the company stands to gain a competitive edge. Compensation of human resources on the other hand does not necessarily lead to a competitive advantage as it is heavily dependent on how other HR functions are done.
Southwest Airlines is the leading low-cost carrier in the US and it has impressive and unmatched records of profitability and on-time arrivals. One of its HR policies is no layoffs which it stuck with even after 9/11. It also has training and development programs that enable employees to multitask resulting in them having multiple skills. Employees are therefore highly productive and loyal to the airline leading to its success. Due to high morale employees serve customers with pride which translates to customer loyalty; a rare occurrence in the airline industry across the world.
Due to the heightened competition in the business arena human resources professionals need to have an army of skills in order to be more professional, better managers, and better integrators of various competencies. They fundamentally need to have knowledge of financial accounting strategies coupled with planning and interpersonal skills. Financial accounting skills can be sought by enrolling them into colleges for further studies. For planning and interpersonal skills training, forums and workshops can be developed where these skills are imparted to them. If possible they should be shown how to be better planners and have good people skills in real-life situations preferably within their organization (Taylor, 2011).
There are numerous environmental variables that are changing in the business world today and whose effects touch the HRM function. One is the increasing competition on a global scale which will result in HR managers recruiting highly competitive and resourceful employees who think and operate on a global scale. Union power and influence are increasing meaning that higher compensation woes will be in the offing in the near future. Society is becoming increasingly involved in affairs of running a company in the name of corporate social responsibility (CSR) whereby employees are required to engage in activities other than those directly benefiting the company (Taylor, 2011).

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