Assignment 2 - Human Resource Management

Assignment 2 - Human Resource Management - AN OVERALL...

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AN OVERALL ANALYSIS OF HUMAN RESOURCE MANAGEMENT By: Mohamed Hassan Rajani B. Bus (Hons) in International Business (Year 1 student) ACKNOWLEDGEMENT I would like to convey my sincere gratitude to Mr. Omid, the lecturer of this module for his continued guidance and support throughout the preparation of this term paper. Moreover, his various suggestions were of great help in the compilation of this report. I also wish to express my appreciation to everyone who in any way assisted in the preparation of this research paper. ABSTRACT Competition in the commercial arena is rapidly increasing. More efforts are put in the organizational processes to ensure their survival –and prosperity- in the industry. Globalization has augmented global competition extensively and companies are increasingly pressurized to increase their presence in terms of performance and profitability. With the advancement in world-wide technology, options to competitive advantage are diminishing. However, progression in technology has not been able to eradicate one form of competitive advantage – People. The corporate world has realized this fact and thus there has been an increased investment in managing the people of the organization – Human Resource Management. Great emphasis is being laid towards this process as firms have come to realize its personnel may be the last source of competitive advantage, which is ever so vital in competing in today’s global village. 1
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INTRODUCTION TO HUMAN RESOURCE MANAGEMENT "People are our most valuable asset" is a cliché which no member of any senior management team would disagree with. Yet, the reality for many organizations is that their people remain under-valued, under-trained, under-utilized, poorly motivated and consequently perform well below their true capability. Employees are an organizations greatest possessions; without them, daily business functions such as managing cash flow, making business transactions, communicating through all forms of media, and dealing with customers could not be completed. People and the potential they possess drive an organization. Modern era organizations are rapidly and consistently changing. Organizational change not only affects the business but also its employees. In order to maximize organizational effectiveness, human potential –individual’s capabilities, time and talents- must be managed. Human resource management (HRM) works to ensure that employees are able to meet the organization’s goals. The Definition Human Resource Management (HRM) is based on ideas and techniques developed to enhance worker motivation, productivity and performance. The HRM model emphasizes: The need to search for new ways of working The central role of managers in promoting change 2
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The treatment of workers as individuals rather than part of a collective workforce The encouragement of workers to consider management as 'partners' rather than as opponents –‘us and us', rather than 'us and them'. [1]
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This note was uploaded on 04/09/2009 for the course MISC Misc taught by Professor Misc during the Spring '07 term at SUNY Plattsburgh.

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Assignment 2 - Human Resource Management - AN OVERALL...

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