Human Resource Management

Running Head : HUMAN RESOURCES MANAGEMENT

Human Resources Management

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Human Resources Management

Human resource management (HRM ) is the HYPERLINK "http /en .wikipedia .org /wiki /Strategic " \o "Strategic " strategic and HYPERLINK "http /en .wikipedia .org /wiki /Coherent " \o "Coherent coherent approach to the HYPERLINK "http /en .wikipedia .org /wiki /Management " \o "Management " management of an organization 's most valued assets their workforce who contribute individually and collectively as a group to achieve the firm 's objectives (Armstrong , 2006 . Its features include personnel administration , personnel management

, manpower management and industrial management . The goal of human resource management is to help an organization to meet strategic goals by recruiting , and sustaining employees and also to manage them effectively

The HR department deals with the HRM issues . The objective of Human Resources Department is to maximize the return on investment from the organization 's human capital and minimize financial risk . It is the responsibility of human resource managers to conduct these activities in an effective , legal , fair , and consistent manner . Small businesses deal with all the HRM issues themselves , whereas larger companies hire help from outside agencies to manage them . But most companies make sure that the employees are aware of personnel policies which conform to current regulations . The policies are often in the form of employee manuals and are provided to each employee

HRM consists of several processes like workforce planning , recruitment induction and orientation , skills management , training and development personnel administration , compensation in wage or salary , time management , payroll , employee benefits administration , personnel cost planning and performance appraisal . The key issues in HRM processes are getting the best employees , paying employees and providing benefits training employees , ensuring compliance to regulations , ensuring safe work environments and sustaining high performing employees . The implications of HRM policies are therefore significant for every company and their impacts exceed their potential

References

Armstrong , Michael (2006 . A Handbook of Human Resource Management Practice , 10th edition , London : Kogan Page

Legge , Karen (2004 . Human Resource Management : Rhetorics and Realities Anniversary Edition , Basingstoke : Palgrave Macmillan

Human Resources Management , Wikipedia , Retreived on June 04 2008 from http /en .wikipedia .org /wiki /Human_resource_management

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Human Resources Management...