Human Resource Managment in Business Context - Essay Example

Comments (0) Cite this document
Summary
Human Resource Management in Business Context (freewriting) Introduction Globalisation and rapid changes and developments in information and computer technology continue to transform and challenge contemporary global business environment (Barreto 2010). These significant factors have established a dynamic and highly competitive global business environment (Salami & Idowu 2010)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Human Resource Managment in Business Context
Read TextPreview

Extract of sample "Human Resource Managment in Business Context"

Download file to see previous pages However, as companies design strategies, it has been found out that competitive advantages of companies are difficult to sustain and on average period, there is an observable decrease (Ruffigins & Ruefli 2005). In this regard, firms have to come up with strong strategies that will enable it to respond to the demands and challenges of the global business environment, while at the same time, keeping the company’s niche for longer period. In this situation, human resource management (HRM) plays a crucial role, since, HRM is “strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and collectively contribute to the achievement of its objectives” (Armstrong 2006, p. 3). This view offer the notion that HRM is no longer just concern with the traditional functions that are normally associated with HRM such as payroll, recruitment, pensions, benefits and other administrative concerns (Werbel & DeMarie 2005). Instead, it offers the framework wherein HRM activities and undertakings become strategic as it aligns its functions with the goals and endeavours of the organisation. From this framework, it becomes essential that HRM develop strategies that will not only align its activities with the goals and objectives of the company, but will also help the company develop programmes and policies responsive to the demands and challenges of the business environment and not reactive to crisis as it happens (Kew & Stredwick 2010). This is significant because, in this way, HRM becomes strategic and proactive. In effect, this approach of HRM undertakes a holistic view of HR in such a way that the business environment, organisation, theories and best practices become the fundamental elements in the determination of the appropriate activities, policies, procedures and programmes for the company. In this study, The Condition Understanding the condition involves looking at two important factors – external environment and internal environment. This is necessary as organisations do not operate in a vacuum, but are integrated in the society and carrying out social interactions (Tencati & Zolsnai 2009). As such, the external environment of the company is essential in understanding the business environment or climate where the company is thriving. At the same time, the internal environment of the organisation is necessary, as it will help in understanding the context of the firm. Briefly, on the external environment, globalisation has transformed the manner in which countries conduct business transactions with one another. Through globalisation, trade barriers in the forms of taxes and trade tariffs have been removed or substantially reduced. This economic policy allow for a freer movement of goods, services, products, capital and people across nations and between physical boundaries (Coatsworth 2004; Suarez-Orozco & Qin-Hillard 2004; Stiglitz 2009; Balakrishnan 2008). Moreover, another factor, which has changed the manner of doing business, is the rapid development in information and computer technology (ICT). This change has created the platform wherein knowledge and information have become an integral part of doing business, aside from the fact, that faster and newer forms of conducting business have been established in view of this development (Chi 2011). Finally, the last important factor ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Resource Managment in Business Context Essay”, n.d.)
Retrieved from https://studentshare.org/management/1393885-human-resource-managment-in-business-context
(Human Resource Managment in Business Context Essay)
https://studentshare.org/management/1393885-human-resource-managment-in-business-context.
“Human Resource Managment in Business Context Essay”, n.d. https://studentshare.org/management/1393885-human-resource-managment-in-business-context.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Human Resource Managment in Business Context

Human Resource Managment

...? Human Resource Management Distinguish between personnel management and human resource management Human resource management is a word that is commonly used interchangeably with the personnel management, however, in recent years businesspersons have tried to differentiate the two words and give each word its meaning. Human resource management entails the activities undertaken by any business organization in ensuring that their employees work towards achieving group, individual or organizational goal. The human resource management deals with the people’s side of management. The human resource management mainly deals with the incorporation and development of the personal management. The human resource management also focuses... . The...
8 Pages(2000 words)Essay

Human Resource Managment

...levels of the company’s performance in the competitive business field. The Human Resource Management Strategy of Improving Employee Motivation Employee motivation is inducement or incentive which may be self-generated or influenced by external forces, that fuels satisfaction and inherent urge towards improvement in performance. Productivity is defined as “the efficient as well as the effective use of resources to achieve outcomes” (Berman, Bowman, West et al, 2005, p.309). Productivity depends on the quality of human resources, and their levels of performance. There is increasing emphasis on implementing high performance...
12 Pages(3000 words)Term Paper

Human Resource Managment

...with the staff and aligning the business goals with that of employees and human resource management goals. Understanding the significance and positive implications of reward management, Taj Group of Hotels also embarked upon an organization wide reward system to acknowledge and appreciate the hard efforts of its human assets. Taj Group of Hotels functions under the aegis of Tata Group and has its operations both domestic and outside India. With products and services spanning across Luxury, Business and Leisure hotels, Taj considers its employees the very basic component of its survival and sustenance (Tata n.d). To give...
8 Pages(2000 words)Essay

Human Resource Managment

..., 2006. Kissler, Gary D. The Change Riders: Managing the Power of Change. Reading, MA: Addison Wesley, 1991. McConnell, John H. How to Develop Essential HR Policies and Procedures. New York: Amacom, 2005. McConnell, John H. Auditing your Human Resource Department. New York: Amacom, 2006. Milgate, Michael A. Transforming Corporate Performance: Measuring and Managing the Drivers of Business. Westport, CT: Praeger, 2004. Moore, Michael L. “Beyond HR: The New Science of Human Capital”. Human Resource Planning 30 (2007): 52-55. Moore, Michael W. Absenteeism in the Workplace. New York: Absenteeism in the Work...
7 Pages(1750 words)Essay

Human Resource Managment

...Human resource management Personnel management is an important concept in business management today and one that focuses on the recruitment and development of employees. This is to be achieved in a manner that would maximize and enhance knowledge, skills, abilities and commitment of people in an organization. The employees of an organization are vital for the growth and performance of the firm and hence their commitment cannot be ignored. It is important that employees remain committed to company's targets and goals and hence personnel management has developed into one of the core concepts of business...
4 Pages(1000 words)Essay

Evaluating Human Resource Managment

...April 26, 2007 Evaluating Human Resource Management " Management is the art of getting things done through other people. Management is the dynamic, life-giving element in every business. Without it the resources of production remain resources and never become production." (Yvonne, 1999, p.97) Human resource Management is, perhaps, the oldest and most widely researched subject in management. Yet, as technologies change, cultural diversities occur and people's expectations undergo fundamental shifts towards newer and newer dimensions. For instance, professionals are gaining more say in the running of organizations. Even where governance is by people who own the majority stakes, their own positions and the respect they command... University...
10 Pages(2500 words)Essay

Human Resource Managment

...Human Resources Management - Diversity Executive Summary Promoting diversity in organizations has become a matter of expediency, given the multinational and multicultural exposure that organizations face in the wake of large scale globalization. Building a multicultural workforce requires conscious efforts that start with the process of Human Resources planning and recruitment. To ensure harmonious working among various groups in the organization, training programs to bring about proper awareness of the benefits of multicultural working, and to bring about attitudinal changes, where required, need to be conducted. Employees should be oriented towards achieving the goals of the company and targets set to them in order to make... ,...
17 Pages(4250 words)Essay

Human Resource Managment

...Employee relations, their motivation and productivity are terms that are quite connected when it comes to real life situations in business environment. Scholars and researchers as well as I agree that they are interconnected and that they tend to depend on one another. Employees require compassion and the feeling of belonging and appreciation by both their colleagues and superiors. Superiors in particular should ensure that there is good relationship existing between them and the juniors. According to Heery and Noon (2001) when dealing with employee relations the management’s duty is to ensure there are channels that are used to solve and actually prevent problems from occurring in the workplace. The...
2 Pages(500 words)Assignment

Human Resource Managment

...and efficiency of the HR function is audited on a regular basis (McConnell, 2006, p. 16).1 The primary questions that an HR audit delves on are the efficiency of the health and welfare systems, resource allocation, adherence to safety norms and employee relations (Stemple, 2006).2 Ironically speaking, GS Plumbing is facing grave discrepancies in all these areas. There exists a wide and discernable communication gap between the top management and the staff that is taking a severe toll on the employee relations. The company is lacking in promptly coming out with apt and favourable health and welfare policies and of course the competitors are taking ample advantage of this shortfall by stealing the skilled...
7 Pages(1750 words)Essay

Human Resource Managment

...profitability. This can be done by enhancing employees’ skills and training employees to meet business demands. HRM is responsible for improving productivity and employee engagement (Sims, 2007). HRM, being a strategic business partner, could justify adequate funding for human resources activities. For example, adequate funding for training, employee development, competitive salaries, and benefits could build a strong reputation of the company in attracting and retaining valuable expertise (Malik, 2014). Normally, talented employees are the ones who increase production capabilities. For this reason, HRMS ensure companies have gained competitive advantage in the markets...
3 Pages(750 words)Research Paper
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 Human Resource Managment in Business Context for FREE!

Contact Us