Business Operation And Development : Human Resource Management Essay

Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.

“Human resource management is defined as a strategic and coherent approach to the management of an organisation’s most valued assets-the people working there who individually and collectively contribute to the achievement of its objectives.” (Armstrong, 2009, p.4). Human resource is the employees within the business, Human Resource Management is the management of the employees and to emphasis what they can bring to the business and monitor how the business can improve. “The overall purpose of human resource management is to ensure that the organisation is able to achieve success through people” (Armstrong, 2009, p.8), if the workforce feel valued, the work performance will be of a higher standard, this in tale can then boost the businesses production.

Human Resource is a governance of organizations employees. A company 's human resources department is responsible for implementing and overseeing policies governing employee behavior and the behavior of the company toward its employees. It is the people in the organization that carry out important work activities. Managers and HR professionals have the important job of organizing people

Human Resources (HR) is fundamental to business performance and has a pivotal role to play in the decision making that enables organisations to operate effectively.

The term human resource is defined as a system of activities and strategies that focus on successfully managing employees at all levels of the organization to achieve organizational goal (Niles, 2013). Human resource management is the process of proper use of available limited skilled workforce. The main purpose of the human resource management is to make efficient use of existing human resource in the organization.

A director is a person in company who leads or supervises a particular area while the company is developing. These persons have similar duties and play different roles. In more details, “director” that cleared in S9 of the Corporations Act 2001 means that:

“HRM is comprised of the staffing, development, motivation, and maintenance functions. Each of these functions however is affected by external

Human resources are the most important resources in any organisation. To succeed a business needs committed staff to meet its aims and objectives. Staff must be trained and motivated by the management to achieve their potential.

Strategic human resource management (SHRM) is a tactical method for the management of an organisation’s human resource function in line with organisational goals and objectives. SHRM enhances these functions by linking the traditional human resource practices to business strategy and the realization of organisational goals in order to enable the organisation to achieve a competitive advantage.

In Case Study 10.1, Economics professor Richard Easterlin asserted that money couldn’t buy happiness. He based his findings of studies conducted in wealthy and very wealthy countries. His theory was that if happiness indeed were a “commodity” that one could purchase, the wealthiest countries would have more purchasing power for happiness. Easterlin concluded from his research that the wealthier countries were not happier overall. One’s level of happiness did not increase with an increase in money. On the opposite end of the spectrum, individual happiness did not change between rich and poor individuals. This contrast has become known as the Easterlin Paradox. Easterlin asserted that one’s relative income (comparison between one’s income vs. another’s income) was more important than absolute income (income earned in a given time period).

Human resource is one of the most important components of any business entity. Managing the human resource is becoming one of the most difficult challenges for the organisations all across the world.

Most people that have held a job, have had the opportunity to speak with human resources. When in-processing a new job, human resource is the section of an organization that is responsible for all of the paperwork that needs to be filed out properly by the employee. These important documents range from policies and regulations, to life insurance policies that an employee may want to apply for. The human resource department is not always a team of people but often times a single person that handles and keeps

Studies and researches showed the direct and strong relationship between human resource management and a business or organizations performance. In such a tough and competitive industry like retail industry Target is able to reserve a top spot and maintain a very high performance to keep the brand name as one of the best and largest retailer nationwide. Target invest high in its employee to prepare them to be future managers that able and capable of take responsibility and add values to the business. The company HR strategies are keys factors to build a workforce that add values and meet customers and stakeholder satisfaction. The company HR strategies and programs are based on Target’s competitive strategy to help and enable building a brand name and high performance as well as stable workplace.

‘Human resource management is the strategic and coherent approach to the management of an organization’s most valued assets- the people working there who individually and collectively contribute to the achievement of the objectives of the business’ (Wikipedia, nd). Human resource management is responsible for how people are treated in organizations. It is responsible for bringing people into the organization, helping them perform their work, compensating them for their labors, and solving problems that arise (Cherrington, 1995, p. 5). With the introduction of Information Systems, human resource management has gone beyond the traditional personnel management functions and developed Human Resource Information System (O’

Human resource management is an effective tool for the overall performance and survival of a business firm. Human resource is the only resource in an organization which is scarce and unstable. Human capital helps a firm to improve the performance of the firm’s assets and leads the entire firm towards attaining a sustainable competitive advantage. The human resource management function aims at increasing the skills, knowledge, abilities and experience of an employee.