There are many areas that fall under human resources. The human resources department is responsible for selecting employees, engaging employees, rewarding employees, and employee relations. The selection of a quality employee is a vital to the success of an organization but just as important is ensuring that the company retains the quality employee. Potential employees are attracted to organizations that meet their needs both their intrinsic and extrinsic needs. It is doing the selection process that both the employee and the employer are able to determine if these needs can be met. Extrinsic needs are satisfied by the salary that employers are able to provide employees. Intrinsic needs are making an employee feel safe and needed which is accomplished through performance appraisals. In this paper I will analyze the current performance appraisal system and hiring system at the Personal Care Products Council. I will show the areas where the systems are weak and vulnerable. I also will include recommendations for these systems. Companies consist of both intangible and tangible assets and each has an impact on the success of the company. The tangible assets are things that you can physically see. Examples include buildings, inventories, and equipment. Intangible assets are the assets that you cannot see or touch like money, intellectual property, patents, company reputation and human capital (Lev,2004). Human Capital consists of employees and their skills and
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.
The Human Resource category addresses employee selection and development practices, motivation, satisfaction and compensation as it relates to the growth and success of the company. The experts will review the work environment, the morale of the employees, the benefits and the company culture. The applicant will need to address workforce development, staff performance management, and how both align with the company’s goals.
An effective performance appraisal system strives for as much precision in defining and measuring performance dimensions as is feasible. Some of the major problems with the Darby appraisal system are:
Human resource management demonstrated over time to be more than just the paperwork side of an organization, but a difficult position that needed a specific set of skills to provide success for both the organization and its employees. One of the most important roles and first task of the human resource department is handling the recruitment of employees. An organization will not be able to function without employees, but it is key for the HR department to find the person with the particular
Similarly, Entrepreneur.com indicates that“A human resources department is a critical component of employee well-being in any business, no matter how small.” Thus an integral component of the human resource practitioner’s job is recruitment and selection, which we will discuss next.
Human Resource Management (HMR) is built upon many different areas. The way each organization allocates resources for each area is different. Since every organization is different and has different requirements, not every HRM process is going to be the same. The areas this paper will focused on are Equal Employment Opportunity (EEO) and the Commission (EEOC) which governs the EEO regulation, human resource planning, recruitment, and selection, compensation and benefits, safety and health, employee and labor relations, and human resources development. Even though each industry and organization is
The role of the human resources (HR) department can play a significant role in the success and achievements of an organization. The department, which has evolved from the
Intangible assets are considered assets without a physical form, a company’s reputation, a business industry knowledge and name recognition (Francis, n.d.). Intangible assets provides intrinsic value that adds to a business reputation and credibility. Companies like Apple and Samsung has a reputation of being the most innovative companies in their field of mobile technology and electronics. Having the ability to be considered one of the best adds to a company’s longevity. Some companies reputations are tainted or takes a hit, this may cause them to have to liquidate tangible assets just to survive. Intangible assets will not show up on balance sheets or income statements but they are valuable to keeping a company in good standing and may be the key to survival in a competitive market. Intellectual property can be considered a varication of an intangible assets, intellectual property refers to patents, brands (Pepsi, Ford), logos, inventions, trademarks and other creative communications (Francis, n.d.). We live in a world where brand names is wanted and sometimes may feel like they are needed. For example, Jordan name branded
Human Resource management has a high impact on the overall organization being managed. HR management makes certain that human talent is used successfully and resourcefully to accomplish organizational goals. As an organization core competency, human resources has distinctive competencies that generates high value and sets apart an organization from competitors in areas such as productivity, quality and service, employee skills, and innovative changes. HR management activities can be grouped into categories which include strategic HR management; equal employment opportunity; staffing and talent management; compensation and benefits; and employee and industry relations. This paper will
Selection of employees: The HR manager has to make sure they interview and hire to right employees for any type of business, large or small. “The human resources department must choose which selection strategies it will adopt to screen candidates and find the best person for each job. The human resources director can choose from among standard selection strategies or combine elements of several to create one that works best for her individual business” (Redman, 2016).
The main method used by businesses to classify assets is to split them into tangible assets, which have a separate existence from the business (examples of which would include buildings, land and machinery), and intangibles which do not. Some clear examples of intangibles include goodwill, patents, research and development expenditure and trademarks. Intangible assets are usually created within the organisation over a period of time, by the company itself, rather than acquired from an external source and are rarely sold off individually they can normally only be sold in conjunction with associated tangible assets.
The objective of the Human Resource Department is to design management systems to ensure human talent is maximized to effectively and efficiently achieve organizational goals. HR has seven functions that are intertwined. These functions are global, environmental, cultural geographic, political, social, legal, economic, and technological. Human resource management has the potential to drastically impact the success and effectiveness of an organization. Human Resources has heavily focused on recordkeeping and paperwork. It has often been considered a clerical and low-level administrative department. In most organizations, Human Resources is looked upon as the employee mediator in the organization. They tend to be the voice of the employee, building company morale and putting out fires involving crisis management. The problems they deal with are both employee work-related and not work-related. HR strives to ensure fair treatment for all employees. They work with varying departments throughout the organization in order to create and implement necessary programs and policies. HR works with equal employment opportunity and other laws, to ensure compliance. They work to fill current job openings by processing applications, interviewing, and training. They answer questions regarding benefits and wages and address safety issues. The expansion of technology and outsourcing have drastically transformed the
Performance appraisals are a major component of human resource management systems used by organisations to measure and manage what is considered to be the most valuable resource available to them; human capital. This report aims to evaluate the effectiveness of performance appraisals and its application to both the employer and its employees, taking into consideration various rationales for its implementation. This will be achieved through an in depth review of the concept of performance appraisals, its evolution in corporate organisations and existing literature on the topic, and the effects (both positive and negative) to the organisation as a whole and to its employees. It will be argued that despite being of relative importance to
Intangible resources are largely invisible, but over time become more important to the firm than tangible assets because they can be a main source for a competitive advantage.
Human Resources deals with issues related to compensation, performance management, organizational development, safety, wellness, benefits, employee motivation, and training.