Hr Essay
STUDENT NUMBER
201312572
MHC605 HUMAN RESOURCE MANAGEMENT
ESSAY
21/02/2013
LECTURER:
SANDHY MASSIE
Table of contents
Introduction……………………………………………………………………………... | 3 | Essence of HRM functions integration in the frame of business strategy……….. | 3 | Peculiarities and obstacles in strategic issues of HRM……………………………. | 7 | Conclusion……………………………………………………………………………. | 8 | References……………………………………………………………………………… | 10 |
Introduction
The basis for effective company management is all-around assessment of all aspects of business. In the context of fast-growing markets and globalization, it becomes significantly important for any company to keep HRM actions in the same pace with global strategy. In the second half of XX century, company management theory moved toward a new paradigm of management. Personnel are to be considered as the main asset of a company, the strategic factor that determines the success of all business. Human resources intend to be one of the main competitive advantages of a company. At the same time more attention is paid to strategic issues of a company. HR is supposed to be one of the most important areas of a company functioning, which should be able to increase productivity repeatedly. During this period, functions of HR were significantly increased from common personnel management to motivation system development, career planning, conflict management, labor market research etc. This essay is aimed to assess the importance of HRM functions aligned with the position of global business strategy and HRM and business strategies relation, in order to examine its necessity and possible difficulties during its implementation.
Essence of HRM functions integration in the frame of business strategy
The strategic issues of HRM got its particular importance at the beginning of 1980s, since it became evident that HRM provided skills development of personnel in order to meet the overall company strategy. Relying on the fact
201312572
MHC605 HUMAN RESOURCE MANAGEMENT
ESSAY
21/02/2013
LECTURER:
SANDHY MASSIE
Table of contents
Introduction……………………………………………………………………………... | 3 | Essence of HRM functions integration in the frame of business strategy……….. | 3 | Peculiarities and obstacles in strategic issues of HRM……………………………. | 7 | Conclusion……………………………………………………………………………. | 8 | References……………………………………………………………………………… | 10 |
Introduction
The basis for effective company management is all-around assessment of all aspects of business. In the context of fast-growing markets and globalization, it becomes significantly important for any company to keep HRM actions in the same pace with global strategy. In the second half of XX century, company management theory moved toward a new paradigm of management. Personnel are to be considered as the main asset of a company, the strategic factor that determines the success of all business. Human resources intend to be one of the main competitive advantages of a company. At the same time more attention is paid to strategic issues of a company. HR is supposed to be one of the most important areas of a company functioning, which should be able to increase productivity repeatedly. During this period, functions of HR were significantly increased from common personnel management to motivation system development, career planning, conflict management, labor market research etc. This essay is aimed to assess the importance of HRM functions aligned with the position of global business strategy and HRM and business strategies relation, in order to examine its necessity and possible difficulties during its implementation.
Essence of HRM functions integration in the frame of business strategy
The strategic issues of HRM got its particular importance at the beginning of 1980s, since it became evident that HRM provided skills development of personnel in order to meet the overall company strategy. Relying on the fact