Human Resource Management
MGT445: Human Resource Management
October 20, 2008
In today’s society there are many aspects of business that organizations have to use to keep up with the times. With our society becoming more of a world economy, some of those aspects of organizations are becoming more important than others. The role of human resources has always been a major part of organizations and is now growing into the most important role. Human resource management has to deal with everything from laws and regulations of labor and workforce issues to compensation and benefits of all the employees. This is a major task whether it is for a small company or a company that has employees all over the world. Human resource management has grown over the past decade and is the center of any organization.
There are many functions that are involved in human resource management. Human resource management plays a major role in an organizations effectiveness or ineffectiveness. It helps with an organization’s performance, legal compliance, employees satisfaction, absenteeism, turnover, training effectiveness and return on investment, grievance rates, and accident rates. In most organizations, effectiveness is measured by the balance of such complementary characteristics as reaching goals, employing the skills and abilities of employees efficiently, and ensuring the influx and retention of well-trained and motivated employees. Organizations are beginning to realize that human resources deserve attention because they are a significant factor in top-management strategic decisions that guide the organizations future operations(Ivancevich, 2007).
The function of human resource management has many objectives. One key function is helping the organization reach its goals. Bruce R. Elly, vice president of personnel at Pfizer, Inc., expresses the role of the human resource function this way: “The HR function is a very key portion of the organization today. That...