Week 1 Assignment - Mgmt 410
MGMT410 – Human Resource Management
Week 1 Assignment 1. Why do you think it is important for HR to be a strategic partner to business?
a. There are several reasons why it is important for HR to be a strategic partner in business. One primary reason is profitability; Human Resource Management enhances employee skills and training employees to meet business demands, which in turn results in an increase in production and productivity, and essentially an increase in profits. Another reason is the funding; Human Resource Management can justify funding for human resources activities. Funding for training, employee development, competitive salaries and benefits packages strengthens the company’s position and competitiveness in attracting and retaining valuable talent and expertise. Without employees’ talent and expertise, the business risks losing production capabilities. The inability to achieve maximum production levels can negatively affects revenue, profitability and company standing in relationship to its competitors. Employees is like the foundation of a structure and without a strong foundation, the structure will eventually collapse and fail. Another example would be the development of employee/organization relationship because employees can openly ask Human Resource Management about any questions or concerns that they may not be comfortable asking the management of the organization directly. Human Resource Management acts as intermediary between the organization and the workforce.
“Being a strategic partner involves supporting the business strategy. This means working with line management in analyzing organizational designs, the culture, and performance systems, and recommending and implementing changes where necessary.” (DeCenzo. Fundamentals of Human Resource Management, 10th Edition, Ch. 2 Pg 33)
2. What benefits do you think the employees derive from his arrangement?
b. Employees can receive several benefits from this
Week 1 Assignment 1. Why do you think it is important for HR to be a strategic partner to business?
a. There are several reasons why it is important for HR to be a strategic partner in business. One primary reason is profitability; Human Resource Management enhances employee skills and training employees to meet business demands, which in turn results in an increase in production and productivity, and essentially an increase in profits. Another reason is the funding; Human Resource Management can justify funding for human resources activities. Funding for training, employee development, competitive salaries and benefits packages strengthens the company’s position and competitiveness in attracting and retaining valuable talent and expertise. Without employees’ talent and expertise, the business risks losing production capabilities. The inability to achieve maximum production levels can negatively affects revenue, profitability and company standing in relationship to its competitors. Employees is like the foundation of a structure and without a strong foundation, the structure will eventually collapse and fail. Another example would be the development of employee/organization relationship because employees can openly ask Human Resource Management about any questions or concerns that they may not be comfortable asking the management of the organization directly. Human Resource Management acts as intermediary between the organization and the workforce.
“Being a strategic partner involves supporting the business strategy. This means working with line management in analyzing organizational designs, the culture, and performance systems, and recommending and implementing changes where necessary.” (DeCenzo. Fundamentals of Human Resource Management, 10th Edition, Ch. 2 Pg 33)
2. What benefits do you think the employees derive from his arrangement?
b. Employees can receive several benefits from this