StudentShare solutions
Triangle menu

The importance of human resource factore in labout process - Essay Example

Not dowloaded yet

Extract of sample
The importance of human resource factore in labout process

Untrained individuals can only be considered just as "units of population" whereas trained and skilled individuals could justifiably be called as human resource. While the former is an asset to an organization, the latter invariably constitute the source of innumerable problems. Now the onus rests on the HR managers not only to select the right kind of candidates for various job openings but also to see that already working candidates also are continuously upgraded in their skills so that their contribution to the organizational growth is a continuous affair and not one which rests on chances.
While there could be very many factors which influence different kinds of employees, still we could always lay our hands on a few principles which have at least widespread, if not universal, application potential. In this analysis we try to identify such valuable HRM principles which have proven their worth in many organizations under many conditions. Such an exercise would sharpen our insight into many valuable HR practices and equip us with the kind of expertise which would help us handle our manpower in the most efficient way so that the mutual benefit of both the employers and the employees are optimized.
Considerable studies and research over the past few decades in the arena of HRM has enriched the subject itself with a variety of powerful principles culled from the past experience of various organizations in different world zones. Of the various HRM theories such as, Staffing Selectivity, Influence of Training on Firm Performance, Information Sharing, General Systems Theory, Role Behaviour Theory, Institutional Theory, Resource Dependence Theory, Human Capital Theory, Transformation Cost Economics, Agency Theory, The Resource Based Theory of the Firm, Compensation and Performance Management Systems, Job Security, Employee Participation Systems, Internal Labour Market Theory and Team-based Production Systems, let us take up for analysis and study some of them which are more relevant and/or powerful in delivering results in the present market scenario.

a) Staffing Selectivity aspect : The success of every organization is measured by the quantum of business it is able to create and the amount of profit that comes out of it. To accomplish this every employee has to contribute his or her mite in no small way. Any weaker link in the corporate chain can easily undermine the strength of the entire organization and the downfall could be fatal. So it is imperative that Staffing Selectivity plays a crucial role in the success or failure of any organization. Hiring, firing and promotion should all be crucially selective. The right kind of employees should only be selected for every job ...Show more

Summary

Organisations have learned the hard way the crucial fact that of all the 5 M's considered as the means of production, viz. Men, Money, Materials, Machinery and Minutes, the factor " Men " is unique in the sense that it alone is not subject to the law of diminishing returns…
Author : zwelch
The importance of human resource factore in labout process essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The importance of human resource factore in labout process"
with a personal 20% discount.
Grab the best paper

Related Essays

Importance of reward and resourcing within human resource
Human resource management is also received much attention with scholars and researchers trying to find insights into better ways of managing the human capital in an organization.Reward and resourcing are basic functions of a human resource department.
9 pages (2250 words) Essay
Developing a Interview Process from a Human Resource Perspective
Proper interview and evaluation followed be reference checks can save useful time and cost of the organization which otherwise would be lost resulting from skill gaps, inefficiencies and attritions through improper selection of candidates. Thus the key to successful selection and recruitment process lies in planning the process.
9 pages (2250 words) Essay
Human Resource
In the past, the department which managed employees was referred to as the personnel department. This has been changed to human resources and highlights the importance of the employees in the success of a
10 pages (2500 words) Essay
Developing a Interview Process from a Human Resource Perspective
Thus the key to successful selection and recruitment process lies in planning the process. Planning helps in the learning of information of each candidate and at the same time avoids legal and
9 pages (2250 words) Essay
Human resource
I score highly on achievement and independence which will come in handy once my career success is set in motion as I could achieve
2 pages (500 words) Essay
Human Resource
The human resources management is a function that is concerned with employee recruitments, training, and development, performance appraisal, and rewarding, for instance, managing pay and benefits systems) (Kumar, 2011).  In
1 pages (250 words) Essay
CASE MGT - 491 STRATEGIC IMPORTANCE OF HUMAN RESOURCE MANAGEMENT
Developing a strategic human resource plan is important since it guides the human resource manager towards accomplishing their mission. A strategic Human resource management plan helps the human resource manager make correct decisions which support the overall plans of the
4 pages (1000 words) Essay
SLP 1 MGT - 491 STRATEGIC IMPORTANCE OF HUMAN RESOURCE MANAGEMENT
Employees are an essential resource for every organization since they determine the growth and direction of the organization (Brown, 2011). This paper will discuss the
4 pages (1000 words) Essay
TD 1 MGT - 491 Strategic Importance of Human Resource Management
On a strategic approach further, HRM focuses on generating the most sophisticated plans to ensure the companies meet their employees’ needs and as a result the employees work with determination to meet their companies’ set objectives. The
1 pages (250 words) Essay
Human resource
resource management (HRM) plays a critical role in the success of an organisation because the competence of workers determines its performance.1 The Globalisation and technological changes have contributed intensely to the new business environment. The modern business world is
4 pages (1000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation