Human Resource Management - Essay Example

Sufficient research studies have been undertaken linking Human Resource Management to the overall growth of a firm or organization which is essentially its financial performance. It has been observed that there is a strong positive relationship between the two. In order to be successful, organizations need to invest in and build organizational capability which can be provided by focused HRM practices by HR professionals who create value by increasing organizational competitiveness. This value is created across board, in every division, every team and every individual.

The responsibilities of an HR Department are focused on the Human Capital which has begun to enjoy prestige as the most dynamic factor of production. The tasks are multifaceted and includes some of these, listed in order of priority hereunder: People Extends from the day a need is established for taking on people, screening and recruitment, salary negotiation, placement and job profiling, orientation, training and development, periodic reviews and appraisals, handholding, welfare initiatives, exit, replacement.

Regulations Knowledge and intervention regarding all laws, regulations, facilities whether state run or internal, that directly or indirectly impact the employees. Various job profiles and content definitions of the Human Resource function have been created and recreated time and again. To have a better view, let us first analyse the challenges that face any organization today.