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The Strategic Importance of Human Resources Management in an Organization - Research Paper Example

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This paper, The Strategic Importance of Human Resources Management in an Organization, analyses the strategic importance of human resource management for a growing organization. Business has many functions, but human resource management seems to be the most important one. …
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The Strategic Importance of Human Resources Management in an Organization
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Download file to see previous pages Even though machines, money, and materials are some of the essential resources needed for establishing or sustaining the growth of the business, human resources seem to be one place above all. All the organizational resources can be mobilized only with the help of the human element. ‘Human resources’ is the brain of an organization whereas other resources are only the parts of the organization. In other words, human resources control all the other elements in an organization in a particular way to ensure the success of the organization. In short, the success of an organization remains on how well the organization is able to manage its human resources.
Human resource management (HRM) is gaining more prominence at present because of the entry of globalization and the development of the cross-cultural business. Earlier, HRM focused mainly on the internal or domestic matters; however, the increasing interdependence of the global economy and trade activities forced HRM to look beyond the boundaries to ensure the safe functioning of the organization. For example, many of the current organizations have an extremely diverse workforce. It is the duty of the HRM to manage this diverse workforce effectively to extract the maximum productivity out of each and every worker. The major functions of HRM include planning, recruitment, selection, orientation, training, development, compensation retention etc.
Right people at the right place at the right time are always beneficial to an organization. It is not necessary that a manager who excelled in a particular position in the past may continue to do so in future also because of the changing business climate.  ...Download file to see next pagesRead More
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