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Relationship Between Hr Functions And Functions Essay

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Ques.1) Relationship between HR function in the organisation and the rest of the organisation
Principal HR functions :
i) Human Capital Strategy – 40 % ii) Talent Management-49% iii) Leadership Development -49% iv) Organisation Development 35%
v) Change Management 42% vi) Operational Excellence with HR function 46% vii) Succession Planning 24% viii) Workforce Planning 31% ix) Industrial Relations 32%
x) Organisational Design 21% xi) Risk Management 18%
Source – Mercer Human Resource Consulting,2007. Through Strategic Management Process we could find the inter-relations between HR functions and rest of the Organisation function . There are mainly three kinds of company exist in today’s economy , viz. Public , Private and Non Government Organisation . While the significant amount of public’s need is being catered by the Public Organisation , but the Private Organisation aims to maintain the substantial amount of Profit so that they could later use the amount in the later stage of the business expansion through hiring skilled labour force, joint ventures with other company in order to make the optimum usage of the revenues that came out as the profits . On the other hand , NGOs mainly focuses on fulfilling the public needs by keeping an eye on the Government/Public companies. There is an important issue which needs consideration which is known as Human Resource . No matter whatever the financial strength the company has , or how fast it is

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