Assignment 1.docx - BU3571 Human Resource Management Assignment 1 October 2018 Roisin Nesbitt 15319796 ROISIN NESBITT 15319796 HUMAN RESOURCE MANAGEMENT

Assignment 1.docx - BU3571 Human Resource Management...

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BU3571 Human Resource Management Assignment 1 October 2018 Roisin Nesbitt 15319796
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ROISIN NESBITT 15319796 HUMAN RESOURCE MANAGEMENT 1. Persuasively make your case to them why this is high time to bet on HRM. Steve Wynn said “Human resources isn’t a thing we do. It’s the thing that runs our business.” Human resource management began as a practice in the 1920s but developed into its modern-day sense during the late 1970s as a result of such factors as globalization, deregulation and rapid technological change (Whatishumanresource.com, 2018). HRM is more than just a supporting activity on the outside sectioned off from the organisation, it should run throughout the organisation. It’s the glue and building blocks which utilize and maximise human capital, professional development, employee satisfaction, planning, image and conflict. All of these working together have a direct impact on the bottom line, meaning it is time to bet on HRM to turn this company around economically. Financial capital is important and so are the financial sectors of this company but it is human capital that utilizes finance and generates the profit for us. There is no machine, calculator or computer that turns investment into revenue. Humans are the most priceless commodity in any company and so human resource management is imperative. In high stress working environments, especially during times of austerity, co-workers and managers may find conflicts arsing between themselves. This can become more than just personal spats and have a knock-on effect on how teams and departments work together. This
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