MANAGEMENT

The Value of HRM to Business Organisations

The Value of HRM to Business Organisations

Introduction

This coursework is based on three sections; the first section will explore the literature review related to the research topic that is “The value of HRM to business organisations”; second section will be based on the case study and third section will be based on the analysis of the literature review along with the organisational case study that is considered for this coursework. Importance of Human resource management cannot be denied at all as it is the major department in a business organisation that is involved in planning, organising, coordinating and controlling the overall organisational resources. The major activities of human resource management are recruitment and selection, training and development, performance management, organisational management, compensation and benefits and other activities in which retention of quality employees are made possible. Employees are the most important resources of the organisation without which an organisation cannot exist (Bloom, 2011, p.1697).

This coursework will help the readers in analyzing the importance and value of human resource management within an organisational setup. Human resource management is an essential activity that helps the managers in managing human resources according to the organisational demands and mission. Those organisations that have analyzed the importance of human resource management know what it means to an organisation. Without human resource management an organisational setup cannot be maintained at all (Bloom, 2011, p.1697). As controlling human resources according to the organisational demand is not an easy task at all. The coursework mainly focuses on three aspects of human resource management those are recruitment and selection, training and development, performance management systems and compensation and benefits as all these aspects are considered as the most important human resource management functions in a business organisation (Briscoe, 2008, p.15).

Section 1: Literature Review

Role of Recruitment and Selection

Recruitment and selection is an initial step of human resource management. In which the human resource department is involved in hiring new employees according to the available vacant positions in the organisational hierarchal levels. Once the positions are identified the next step is posting of advertisement for the job is required. Recruitment is a process in which the applications are generated and the selection is the next step in which the best and appropriate candidate is selected among the pool of candidate that have been picked from a large pool. Recruiting of employees is very costly; therefore it should be properly planned out in advance. Recruitment is a process that should ensure the organisations that they are hiring the right candidate for the right job and at the right time (Cohn, 2005, p.62).

The main thing that is required from the human resources is their productivity in the form of performance. If the human resource department is able to hire an employee that is giving good performance and is able to contribute effectively towards then organisational mission, then it proves that recruitment and selection process has been successfully executed. An organisation cannot perform any of its functions ...