Is HRM a new concept - Essay Example

Comments (0) Cite this document
This concept has various dimensions and is different from previous disciplines. Globalization has played an effective role in evolution of human resource management. Earlier disciplines mainly…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.6% of users find it useful
Is HRM a new concept
Read TextPreview

Extract of sample "Is HRM a new concept"

HRM a new concept Contents Contents 2 HRM a new concept 3 Functions of HRM 4 Reference 5 HRM a new concept a) Human resource management can be das a holistic way to manage employees. This concept has various dimensions and is different from previous disciplines. Globalization has played an effective role in evolution of human resource management. Earlier disciplines mainly focused on executing tasks that was written in a contractual format. However HRM encompasses elements with the aim of going beyond previous concepts. Pay management is an important framework within HRM and it is now a performance related rather than job related system. It can be stated that multiple changes has been incorporated so as to establish the conceptual framework of human resource management. In case of multinational companies a brand new concept has been outlined by HRM known as organizational culture. This is a completely new field which describes internal environment of an organization and its impact on organizational performance. Change management approach is a new dimension within human resource management. It helps in describing various aspects that is related to acquisitions or mergers of firms.
b) There are some factors which states HRM is not a new concept. Earlier management discipline forms the basis of human resource management. HRM is mostly stated as old wine packed in new bottle. There were management strategies followed previously but in recent years those have been given new names. Human resource management in various ways can be defined similar to the approach of personal management. In the current scenario new dimension has been given to human resource management in order to stay competitive but it cannot be totally stated as a new concept.
Functions of HRM
There exist some important functions related to human resource management. Firstly training and development is a function that deals with training new recruits or existing employees so as to impart necessary skills and knowledge. Training and development sessions even enhances confidence interval amongst team members. Appraisal is another function which can be associated with job performance. This function tends to increase confidence interval within an employee. Compensation can be stated as the basic benefit that an employee receives. It forms the first step towards managing human capital in an organization. Assessment is an HRM function and it deals with analyzing employee performance. The assessed performance is then evaluated against a set standard in order to determine poor and best performers. All these functions are based on an essential component that is recruitment process. HR professionals are focused towards creating a pool of talented individuals. There are two types of recruitment process known as internal and external recruitment. Change management can be stated as another function and is associated with implementing or managing change so as to achieve competitive position. Motivation is an important tool to manage workforce and both monetary as well as non-monetary rewards are offered to motivate employees (Armstrong, 2006). HRM is also inclined towards developing a strong relationship between employer and employee. Other functions of HRM are offering employee benefits and taking into consideration legal formalities. Employee benefits comprise of incentive pay, retirement benefits, health insurance, paid leaves, etc.
Armstrong, M., 2006. A handbook of human resource management practice. London: Kogan Page Publishers. Read More
Cite this document
  • APA
  • MLA
(“Is HRM a new concept Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Is HRM a new concept Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Is HRM a New Concept Essay Example | Topics and Well Written Essays - 500 Words)
Is HRM a New Concept Essay Example | Topics and Well Written Essays - 500 Words.
“Is HRM a New Concept Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document



...important resource. New York: John Wiley and Sons. Holbeche, L. 2009. Aligning human resources and business strategy. Oxford: Butterworth-Heinemann. Mathis, R. and J. Jackson. 2008. Human resource management. Belmont: Cengage Learning. McCooey, D. and D. McCooey. 2009. Keeping Good Employees on Board: Employee Retention Strategies to Navigate Any Economic Storm. Garden City: Wordclay. Phillips, J. 1996. Accountability in human resource management. Woburn: Gulf Professional Publishing. Phillips, J., Stone, R. and P. Phillips. 2001. The human resources scorecard: measuring the return on investment. Oxford: Butterworth-Heinemann. Pibeam, S. and M. Corbridge. 2006. People Resourcing: Contemporary HRM in...
7 Pages(1750 words)Essay


...?Crystal Waters Winery – Human Resource Planning & Development Executive Summary Crystal Waters Winery, like most companies around the world is facing competitive pressure from larger corporations. Hence, they need to increase the work force size and make the operations more standardized to stay competitive. The most important steps include hiring more people with specialized training and education in the fields of HR, marketing, etc. This can only be done if there is a structured recruitment and selection process. They will have to set down a proper procedure that will be followed every time new employees will have to be hired. Most experts say that making proper job descriptions is a good starting point for companies...
8 Pages(2000 words)Essay


...of operation for marketing. The change in structure is feasible with the division of the area of marketing operations. Plans should be developed regarding the new responsibilities that will be provided to Sam and his accountability for the area of operations. The proposal for Sam’s pay structure is not feasible. According to the policy of employment that has been signed by Sam and the company, his pay cannot be changed due to the position he is holding. There are legal constrains that might not be applicable in restructuring the incentive package for Sam (Chan, 1995). There is another problem that might arise from the shareholders’ perspective. There might be pressure in internal nature that might rise due to the...
5 Pages(1250 words)Essay


...of the organisation. Hence, through its HRM practices, Rio Tinto aims to establish the framework which guides the attraction, improvement, engagement and retention of employees while ensuring configuration of its strategic objectives (Rio Tinto 2013). Contribution of HR Functions towards Indigenous Employment Program HR function is often referred as one of the key functions within the organisation that deals with human factor. The HR department of an organisation is assigned with the task of attracting new and potential talents within the organisation in order to seek the best possible efforts from their performances for attaining the organisational goals and objectives. Primarily, the HR functions...
8 Pages(2000 words)Essay


...HRM Functions for Competitive Advantage Question: By considering two of the principal functions of HRM, employee Training and Development, and Managing Absence, critically discuss how these functions relate to and support the achievement of competitive advantage. For companies to compete successfully in the increasingly global environment, they have to have sustainable competitive advantage (Jackson, Schuler and Werner, 2008). The achievement of competitive advantage does not mean that the company in question will always have that advantage over its rivals come what may. Some competitive advantage situations last only a few weeks and it is up to the firm’s management to find new and...
9 Pages(2250 words)Essay


...HRM: Questions and Answers What are the benefits and draw backs of appraisals? Benefits of Appraisals Benefits for the personnel: (The Learning Institute, 2004)  Acquiring an enhanced comprehension of their responsibility  Considering more evidently how plus where they suitably apply in inside the broad depiction  A superior knowledge of how performance is evaluated and checked  Getting an imminent into how well their performance is distinguished  Enhancing consideration of their potencies, flaws and developmental requirements  Recognizing the approaches in which they can augment performance Benefits to the executive/manager/team director: (The Learning Institute, 2004)  Prospects to listen as well as...
4 Pages(1000 words)Essay

New Business Concept

...Concept ment Furniture Unlimited I. Product Furniture Unlimited is a furniture company that sells both second hand and brand new furniture to offer more choice to its prospective customers not only in design but also in cost. The second hand furniture that will be sold is guaranteed to be of quality and almost as good as new to give customers value to their money and to ensure customer satisfaction. The second hand furniture that was bought at second hand shall be refurbished as a means of quality control. The greater availability of second hand furniture at Furnitures Unlimited gives the customer a wider choice with their limited budget. They are able to procure furniture at...
2 Pages(500 words)Assignment


... the world. Works Cited Briscoe Dennis et al. International Human Resource Management: Policies and Practices for Multinational Enterprises (Global HRM). New York: Routledge, 2011. Print. Harris Hilary. International HRM. New York: Routledge, 2012. Print. Harzing Anne and Ruysseveldt Joris. International Human Resource Management. Boston: Sage Publications, 2003. Print.... Kaiser Permanente There are several factors to be put into consideration when talking about international human resourcemanagement; they range from the cultural aspect, language used, style of management and laws. Therefore it is advisable for any firm or company to come up with the most appropriate ways of implementing several strategies related to...
7 Pages(1750 words)Research Paper


... Report: Goldstan and Hodell, Construct Ltd and Bilden Ltd Terms of Reference The purpose ofthis report is to evaluate the recruitment and selection process of Goldstan and Hodell and the exit Procedures used at Construct Ltd and Bilden Ltd. The report will also compare the procedures of both these processes at these organizations. Furthermore, the report is aimed to identify and discuss the reasons behind cessation of employment within an organization, employment exit procedures, and the impacts of legal and regulatory framework on employment cessation arrangements. Outcome 2: The two organizations that are selected for the comparison of the recruitment and selection process are Goldstan and Hodell. Both organizations are based... Report:...
4 Pages(1000 words)Essay

New concept of Marriage

...New concept of Marriage Marriage can be defined as a union between two individuals out of love or convenience. It is majorly a social reunion but it can also be made to be legal through creation of a binding contract between the spouses or even a religious reunion by tying the knot in front of a religious leader and vowing using the religious readings and teachings. Whatever the definition that seems to fit the concept of marriage, the main point is that it brings two different individuals together who commit to stay with each other and even possibly multiply and bring forth other little human beings to care and love (Keller 56). Marriages are different depending on the tradition and...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Is HRM a new concept for FREE!

Contact Us