What the role does human resource management plays.
What is the Role of Human Resource Management in Staff Retention? Analysis Its Importance for the Success of a Company.
Name: Tianyao Gui
Student No. :1402109
Brunel International Pathways and Language Centre
Pre-sessional Programme: 10 weeks
Word Count: 1707
Teacher: Amanda Steward
Date: 21/08/2014
What the role does human resource management play to keep employees? Is it really vital to a company? Nowadays with the development of the worldwide economy, there are numerous companies in many fields. And as a result of intense labor market competition, human resource management seems more and more important because it is related to staff retention. It is the key for the success of a company. This essay will first demonstrate the background about retention, and then extend to the role of human resource management in staff retention in four aspects by give some examples. In the final part, the importance of human resource management and staff retention will be explored.
A human resource information system (HRIS) “is a systematic procedure for collecting, storing, maintaining, retrieving, and validating data needed by an organization about its human resources” (Cathcart, 1999: p275-282). “Human resource systems are the organizational support struts that keep internal operations running smoothly” (Homey & Ruddle, 1998: p54). To put it simply, human resource management is about manage staff, motivate them and put them in a proper position. Employee retention means the ability of an organization or a company to keep its employees. And turnover means the rate at which employees leave a workforce and are replaced. There are two kind of turnover, one is unavoidable staff turnover while another is avoidable staff turnover. Some unavoidable factors are influencing staff turnover such as retirement, people got sick, got married, death, and pregnancy. And influencing factors of avoidable staff turnover
Name: Tianyao Gui
Student No. :1402109
Brunel International Pathways and Language Centre
Pre-sessional Programme: 10 weeks
Word Count: 1707
Teacher: Amanda Steward
Date: 21/08/2014
What the role does human resource management play to keep employees? Is it really vital to a company? Nowadays with the development of the worldwide economy, there are numerous companies in many fields. And as a result of intense labor market competition, human resource management seems more and more important because it is related to staff retention. It is the key for the success of a company. This essay will first demonstrate the background about retention, and then extend to the role of human resource management in staff retention in four aspects by give some examples. In the final part, the importance of human resource management and staff retention will be explored.
A human resource information system (HRIS) “is a systematic procedure for collecting, storing, maintaining, retrieving, and validating data needed by an organization about its human resources” (Cathcart, 1999: p275-282). “Human resource systems are the organizational support struts that keep internal operations running smoothly” (Homey & Ruddle, 1998: p54). To put it simply, human resource management is about manage staff, motivate them and put them in a proper position. Employee retention means the ability of an organization or a company to keep its employees. And turnover means the rate at which employees leave a workforce and are replaced. There are two kind of turnover, one is unavoidable staff turnover while another is avoidable staff turnover. Some unavoidable factors are influencing staff turnover such as retirement, people got sick, got married, death, and pregnancy. And influencing factors of avoidable staff turnover
References: Bassi, L. (1997). ‘Harnessing the Power of Intellectual Capital’. Training & Development. 51/25. Cathcart, C. & Kovach, K. (1999). ‘Human Resource Information Systems (HRIS): Providing Business with Rapid Data Access, Information Exchange & Strategic Advantage’. Public Personnel Management. 28/2. Farndale E & Scullion H. (2010). ‘The Role of the Corporate HR Function in Global Talent Management’. Journal of World Business. 14/2. Homey, N. & Ruddle, I. (1998). ‘All Systems Go?’ Bank Marketing, 30/1. Huselid, M. (1995). ‘The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance’. Academy of Management Journal, 38/3. Jack, W. (2005). Winning: The Ultimate Business How-To Book. London: HarperCollins. Koch, M. (1996). ‘Improving Labor Productivity: Human Resource Management Policies Do Matter’. Strategic Management Journal, 17/5. Weeks, K. (2013). ‘An analysis of human resource information system impact on employees’. Journal of Management, 14/3. Yingguang, S. (2004). Human Resource Management at Huawei. Online. Internet. 26 Nov. 2004. Available http://english.ckgsb.edu.cn/case_content/human-resource-management-huawei (Accessed 20/08/07)