Human Resource

Table of Contents

Introductionii

Thesis Statementii

Discussionii

Conclusionix

Referencesix

Introduction

This paper will provide a review of human resource as an important asset of an organization and as an important organizational function.

There are different factors that play a critical role in the success of an organization. The critical success factors are not limited to physical sources or technology but employees and their skills also contribute towards enhanced organizational performance. Human resource management refers to the policies and practices of an organization that have an impact on the behavior and attitude of employees (Akintoye, 2012, pp. 566).

This essay will discuss the importance of human resource, important practices of human resource management, and the role of human resource management in providing organizations with a competitive edge. The essay will also discuss the role of human resource management in different areas such as recruitment, training, development, performance management, and others.

Thesis Statement

Human resource ensures the success of an organization by focusing on recruiting, maintaining, rewarding, and utilizing an effective workforce.

Discussion

Human resource management can be defined as a proactive process that consists of various themes. The key themes of human resource management include human relations, human psychology, management theory, flexibility, and quality. Human resources (HR) or Human Resource Management (HRM) can also be defined as a business approach that focuses on treating employees as individuals with certain strengths and weaknesses. Human resource is an important asset of organization. The effective management of human resource leads towards efficiency and effectiveness of organizations. The focus of every organization is on the attainment of high levels of competency. The competitiveness of an organization is largely dependent upon its human resource management practices. The human resource management practices contribute towards achieving profitability and quality.

Human resources are people who make up an organizations. Employees and the ways employees are managed is important because human resource is a powerful source of competitive advantage that can be sustained over a longer period of time. The basis for competitive advantage has changed significantly. Therefore, it is important to develop adequate frames of references that help in understanding human resource management practices and strategies. The traditional sources of competitive advantage include product technology, process technology, economies of scale, and others.

The aim of human resource management is to ensure that an organization acquires the best skills and retain them. Skills of an organization can be retained through motivated and committed workforce. This involves taking different steps to assess and satisfy the current and future needs of employees and to develop and enhance their inherent capabilities as well as their contributions and employability. The capabilities of employees are enhanced by providing employees with the opportunities for continuous development. It involves the utilization of recruitment and selection procedures that are associated with the goals and objectives of the business.

The importance of human resource management cannot be denied. It is because poor human resource management has a negative impact on the performance of an organization. Poor human resource management also leads towards inferior quality of organizational products and ...