HR Summary
Business Notes – Human Resources
Role of human resource management
Strategic role of human resources
Human resource management refers to the management of the total relationship between an employer and employee in order to achieve the strategic goals of the business. Its role is to ensure that the productivity of a business or its output per person can achieve its fullest potential because employees are effective and efficient in the way they go about their tasks. It also is to reduce conflict through effective procedures and relationships.
Best Practice – Refers to business practices that are regarded as the best or of the highest standard in the industry. Includes employment security, merit selection in hiring, extensive training and development, sharing information, pay based on performance and self-managed teams.
Best Fit – A close relationship between HR methods and the strategy of the business
Resource based view – Focusing on the internal resources of the business and the contribution they make to the competitive advantage of the business.
Interdependence with other key business functions
HR and Operations: Most of the employment in your business is in the operations. HR contributes to operations through planning staff needs, acquiring employees, training and developing them, supervision and maintenance and conflict resolution.
HR and Marketing: Marketing is heavily involved with new product design and development as well as customer satisfaction. HR has the role to train and develop employees to successfully bring the product to the customer.
HR and Finance: HR needs to ensure that there are a sufficient amount of employees to complete the work of the business. Employees need to be paid competitively and receive rewards to be motivated to complete their tasks efficiently and effectively. Finance is becoming the main source of performance measurement data.
Specialist HR managers should be responsible for:
HR planning and job design
Role of human resource management
Strategic role of human resources
Human resource management refers to the management of the total relationship between an employer and employee in order to achieve the strategic goals of the business. Its role is to ensure that the productivity of a business or its output per person can achieve its fullest potential because employees are effective and efficient in the way they go about their tasks. It also is to reduce conflict through effective procedures and relationships.
Best Practice – Refers to business practices that are regarded as the best or of the highest standard in the industry. Includes employment security, merit selection in hiring, extensive training and development, sharing information, pay based on performance and self-managed teams.
Best Fit – A close relationship between HR methods and the strategy of the business
Resource based view – Focusing on the internal resources of the business and the contribution they make to the competitive advantage of the business.
Interdependence with other key business functions
HR and Operations: Most of the employment in your business is in the operations. HR contributes to operations through planning staff needs, acquiring employees, training and developing them, supervision and maintenance and conflict resolution.
HR and Marketing: Marketing is heavily involved with new product design and development as well as customer satisfaction. HR has the role to train and develop employees to successfully bring the product to the customer.
HR and Finance: HR needs to ensure that there are a sufficient amount of employees to complete the work of the business. Employees need to be paid competitively and receive rewards to be motivated to complete their tasks efficiently and effectively. Finance is becoming the main source of performance measurement data.
Specialist HR managers should be responsible for:
HR planning and job design