Reality of business and hr strategy essay

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Reality of business and hr strategy essay

After reading this essay you will learn about: Definition of Human Resource Management 2.

Reality of business and hr strategy essay

Objectives of Human Resource Management 3. Human resource management may be defined as a set of policies, practices and programmes designed to maximise both personal and organisational goals. It is a process by which the people and organisations are bound together in such a way that both of them are able to achieve their objectives.

The purpose of these functions is to assist in the achievement of basic organisational, individual and societal goals. According to Institute of Personnel Management U.

It seeks to provide relationships within the enterprise that are conducive both to effective work and human satisfaction. The primary objective of HRM is to ensure a satisfactory accomplishment of the objectives of an organisation and of its employees.

A version of this article appeared in the Autumn issue of strategy+business. Companies use emerging technologies to achieve digital transformation in their operations. Research finds nine igital transformation change areas: understanding customer wants and needs, increasing top-line revenues, opening new touch points for customers, automation of operations, knowledge sharing, performance management, digitizing parts of the business, creating new business . A collection of articles about Reporting from The New Yorker, including news, in-depth reporting, commentary, and analysis.

While framing the HR objectives of the organisation, care is taken to consider the interests and needs of the employees and of employee goals. This is done by integrating the employee interests and the management interests with a view to achieve the objectives of the entire organisation.

The objectives of the HRM are, basically, four fold as shown in the diagram above: The objectives are discussed in detail as follows: The basic objective of HRM towards the society should be to ensure that their organisation manages human resources in an ethical and socially responsible manner through ensuring compliance with legal and ethical standards.

Thus, this objective includes: To manage human resources in an ethical and socially responsible manner. To ensure compliance with legal and ethical standards. To minimise the negative impact of societal demands upon the organisation. The organisational objectives of HR include the following: HR department, like any other department in an organisation, should focus on achieving the goals of the organisation first.

If it does not meet this purpose, the HR department cannot exist in the long run.

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HR department should recognise its role in bringing about organisational effectiveness. HRM is not an end in itself. It is only a means to assist the organisation with its primary objectives. In simple words, the HR department should aim at serving rest of the organisation.

The functional objectives of HRM include the following: HRM should employ the skills and abilities of the workforce efficiently. HRM should aim at providing the organisation with well trained and well-motivated employees.

Personnel objectives or personal objectives of the employees must be met if employees are to be maintained, retained and motivated.

Roles And Functions Of The Human Resource Department

Otherwise employee performance and satisfaction may decline and they may leave the organisation. The objectives of HRM in this context are: HRM should increase employees job satisfaction to the fullest extent.

It should stimulate every employee to achieve his potential. It makes employment in the organisation a desirable, personal and social situation. Organisational performance can never be improved without improving the quality of work life.

Schools of thought

It will help the HRM in tapping the ideas, opinions, feelings, and the views of the employees. Essay Scope of Human Resource Management: According to Dale Yoder, the scope of human resource management is very wide.

It consists of the following activities: The Indian Institute of Personnel Management: Personnel Management in India, has described the scope of human resource management into the following aspects:HR practices and strategies are rather important for a business as research advocates that HR strategies are the main means by which firms can manage the set of social relationships held by the organisations employees (Van Buren, ).

During Jeff Immelt’s 16 years as CEO, GE radically changed its mix of businesses and its strategy.

Reality of Business and HR Strategy Essay

Its focus—becoming a truly global, technology-driven . Developing an effective human resource strategy to manage an organization’s human assets requires considering employees as investments.

Such an approach helps ensure that HR practices and principles are clearly coordinated with the organization’s overall business strategy. News analysis, commentary, and research for business technology professionals.

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