The Human Resource Function - 1853 Words

Human resources on the whole, encompasses a vast amount of responsibilities. â€Å"Human resource management (HRM) is the organizational function with responsibility for attracting, retaining, and managing the people who make up organizations. (Bogardus, p. 2, 2004) We will be identifying and looking at some of the important functions that HRM performs, and how these functions are essential and contribute to the growth of the organization. Recruitment and Employee Selection Recruiting and selecting employees is one of the key functions that the human resource department performs for an organization. This is also known as the workforce plan or workforce planning . Workforce planning is a systematic process for identifying the human capital†¦show more content†¦Ã¢â‚¬Å"The core of the workforce planning process should occur after strategy has been determined and needed capabilities have been identified† (Christensen, p. 124, 2005) The long term goals of the business need to be kept in mind at all times. Utilization of Human Capital Resources Oxford Dictionary (2013), defines human capital as, â€Å"The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.† Utilizing the human capital to its fullest and most efficient extent in another important function of HRM. The utilization of human capitol should be part of a companies strategic plan. â€Å"Part of strategic planning is mapping an organizations human capital.† (Bohlander and Snell, p. 82, 2012) HRM plays an important role in this aspect of strategic planning, which in turn hopefully ensures the longevity of the company. â€Å"Human capital represents the human factor in the organization; the combined intelligence, skills and expertise that gives the organization its distinctive character. The human elements of the organization are those that are capable of learning, changing, innovating and providing the creative thrust which if properly motivated can ensure the long-term survival of the organization.† Bontis et al, 1999 (as cited in Armstrong, p. 73, 2012) The human capital of an organization should be viewed as an asset. â€Å"Although the value ofShow MoreRelatedHuman Resource Functions Of The Human Resources Department1770 Words   |  8 Pagesin the waters of our areas of expertise into the deep and sometimes turbulent waves of the unknown; Human Resources. Human Resource functions include: Payroll, Employment Tax, Recruitment, Hiring, Employee Relations, Termination, Regulatory Compliance and Training to name a few. Each of these functions demanded specific skill sets and experience. They also began to expend valuable time and resources. The reality is that when reviewing a successful business plan there are two major areas to consider;Read MoreFunctions Of Human Resource Management1632 Words   |  7 Pages Primary function human resource management can divide into primary and secondary function primary function is directly involved with obtaining, maintaining and developing employee. Primary function included human resource planning, equal employment opportunity, staffing, recruitment, and selection. Compensation and benefit, employee, labor relation health, safety and security and human resource development. Secondary function included organization, job design, performance appraisal system, andRead MoreThe Function Of A Human Resources Department Essay1368 Words   |  6 Pagessmall, has a human resource department that oversees and organizes all of the hiring for the business, the training of new employees, employee benefit programs, payroll, and so much more. Small business tends to overlook any guidance in human resources. Human resource is defined as the skills, knowledge, and motivation of people. The first step is understanding what the function of a Human Resources Department. The function of a human resources department is made up of six key functions and each ofRead MoreOutsourcing The Human Resource Function1422 Words   |  6 PagesOutsourcing the human resource function has many advantages and disadvantages for organizations. When companies operate on a global sca le, outsourcing that functions adds another layer of complexity. When evaluating various options for this department, research should be performed on (a) the culture of staffing operations on foreign soil (b) the structure of the human resource function in a global organization and (c) recruiting talent for a multinational corporation needs to be performed. ThisRead MoreHuman Resource Function Of A Company855 Words   |  4 PagesIntroduction The human resource function of a company can easily be deemed as the most important section of a company. Human resource management is considered the lifeline of an organization mainly because it plays a major role with the hiring of staff, ensures the health and well-being of employees while working, and ensures the organization is in compliance going forward. Importance of Human Resource Management From a budget control standpoint, human resources explore methods to save the organizationRead MoreThe Human Resource Function Of Management1447 Words   |  6 PagesManagement of human resources is a very dynamic concept whose excision requires a delicate touch. Human resource refers to the mass of staff within an organization. It is from the synergistic effect of these members that the organization is able to formulate a vision, develop strategies and implement them towards the realization of this vision. A consistent approach towards the management of this resource is therefore a very critical asset for an organization. Generally, the human resource function of managementRead MoreThe Human Resource Management Function Essay1228 Words   |  5 Pagesshrinking the cultural and physical borders between countries for trade through the relaxed legal framework. Due to the increasing globalization the multi-national companies have to face new challenges to work efficiently across the borders. Human resource management function has to be reshaped to operate in new countries. Despite all the advantages of adopting the parent companies’ familiar practices, it does not prove to be effective in all countries (Brewster Mayrhofer, 2015). There is a significantRead MoreThe Human Resource Function At Axa1402 Words   |  6 PagesThe human resource function is an important aspect in the insurance industry. With the recent advancement in the various industries, including insurance, it is important that the HR function evolve with these developments to guarantee success of companies in this industry. The HR role is becoming more challenging and demands a more strategic approach to cope with the competition that is being experienced in various industries. The scope of this report is to discuss the human resource function atRead MoreFunctions Of A Human Resource Management Essay2160 Words   |  9 Pageswill be researching and identifying the six main functions of a Human Resource Management (HRM) department, or simply just HR, and some changes they have went through over the years. Historically evolved from personnel and became human resources to meet the ever more complex rules, laws, and regulations that has developed over the years. HR is looked at as a system devised for the management of people inside an organization or business. Human Resource Management (HRM) includes a variety of task suchRead MoreFunctions of Human Resource Management3887 Words   |  15 PagesHuman resource management Introduction Human resource management (HRM) incorporates various functions. The primary function of HRM is to increase the effectiveness and contribution of employees in the attainment of the goals and objectives of the organization. There are many areas in which HRM can be applied to help in this primary function. These areas will be discussed in detail in this paper as well as how they relate to HRM and how they work together to help in the achievement of the primary