Examine the nature and scope of Human Resource Management
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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This essay is going to examine the nature and scope of Human Resource Management (HRM). What Is Human Resource Management? HRM is the process through which the manager of an organization recruits, selects, trains, and develops an effective employee team for the business. Human resource management involves employees’ features and performance in an organization or a business. It may also be defined as the strategic approach used in procuring, developing, and maintaining a highly skilled workforce to effectively attain an organization's goals through a distinctive set of integrated employment policies, programs, and practices. According to the resource-based view, human resources contribute immensely to an organization’s sustained competitive advantage by facilitating the development of rare competencies that are only firm-specific.
What is the scope of human resource management? The scope of HRM primarily includes recruiting, hiring, and onboarding new employees. It also covers employee relations, benefits, and payment. HRM’s scope has recently expanded to incorporate strategic planning, management, and employee development.
What are the functions of human resource management? HRM is significant to organizations because it helps in retaining their best employees who play a part in organizational development. Therefore, organizations aiming to maintain their competitive advantage in the current times and in the future need manpower that is well acquainted with current skills and technologies to approach change and difficulties that might come their way. HRM has a number of essential functions, including job design and analysis, recruitment and selection, training and development, performance management, and so many others.
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Examine the nature and scope of Human Resource Management a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand what is meant by Human Resource Management, its nature and scope, and how it impacts the growth and development of an organization
- Understand the role Human Resource Management plays in an organization
- Understand how to apply the various methods of Human Resource Management to any organization
1.0 INTRODUCTION
What Is Human Resource Management? HRM is the process through which the manager of an organization recruits, selects, trains, and develops an effective employee team for the business. Human resource management involves employees’ features and performance in an organization or a business. It may also be defined as the strategic approach used in procuring, developing, and maintaining a highly skilled workforce to effectively attain an organization's goals through a distinctive set of integrated employment policies, programs, and practices. This essay is going to examine the nature and scope of Human Resource Management.
What is the scope of human resource management? The scope of HRM is very vast and it primarily includes activities such as recruiting, hiring, and onboarding new employees. It also covers employee relations, benefits, payment, performance appraisal, motivation, welfare, health, and safety of employees, and maintains industrial relations. HRM’s scope has recently expanded to incorporate strategic planning, management, and employee development.
What is the nature of human resource management in detail? The nature of human resource management is concerned with handling management functions such as planning, organizing, directing and controlling, procurement, development, and maintenance, of an organization among so many others.
What are the functions of human resource management? HRM is significant to organizations because it helps them in retaining their best employees who play a part in organizational development. Therefore, organizations aiming to maintain their competitive advantage in the current times and in the future need manpower that is well acquainted with current skills and technologies to approach change and difficulties that might come their way. HRM has many essential functions, including job design and analysis, recruitment and selection, training and development, performance management, and many others.
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