BUS303 Final Paper.docx - Human Resource Management...

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Human Resource Management Overview Final Paper: Human Resource Management Overview Davita D. Jones Human Resource Management: BUS 303 Dr. Connie Whitten July 16, 2019
Human Resource Management Overview Organizations throughout the world all function and thrive in different ways. However, one thing they all have in common is Human Resource Management (HRM). Companies today are striving to make human resources a strategic partner in accomplishing organizational goals. Now more than ever, attention is being directed at ensuring the efficient and economical delivery of programs within agencies across the globe. It is critical that there is effective management of human resources to cost-effectively and to attain organizational goals successfully. People are the key to mission accomplishment. The performance management/planning/appraisal cycle is critical to every organization. An agency can establish a performance appraisal system that allows its components to design a variety of performance programs. Appraisal programs can use between two or five summary rating levels. The Office of Personnel Management’s (OPM) regulation requires each employee’s performance plan to include at least one critical element, which, measures individual performance and establishes personal accountability. According to OPM, Performance management involves much more than just assigning a rating. "It is a continuous cycle that involves planning work so that expectations and goals can be set, monitoring progress and performance continually, developing the employee’s ability to perform through training and work assignments, rating periodically to summarize performance and rewarding good performance" (OPM, 2019). An effective performance management system, along with compensation and benefits, can attract, develop, and retain talented employees. For example, a human resources department in an organization can have a rating system they implement for their employees, that rate the employee performance on a scale of 1-5. Five (5) is the highest performance, and one (1) is the lowest recorded performance. The more top-performing and achieving employees will
Human Resource Management Overview receive higher bonuses and incentives based upon their performance evaluation. An employer can also make a recommendation to HR about raising the employee’s compensation level based on the performance evaluation. When creating a performance plan, there are critical areas to address. The plan should include the question of whether the standards are attainable? Are the standards challenging? Are the standards fair and applicable? If the line of questioning above is answered with a simple “Yes,” then, chances are, a well-written plan has been created. Responsibility for effective recruitment is shared between the corporate human capital function and the business owner. Both organizations should be strategic partners to ensure that the mission or goals of the agency are realized. Agencies may be competing for the same talent pool. You want to draw that talent to your agency. A practical method of accomplishing this goal

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