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Importance of HR Department in Business

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Added on  2023-04-20

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This presentation explores the importance of HR department in business. It discusses the objectives, changing role, and contribution of HR department in business operations. The presentation also highlights the significance of HRM in business growth and development.

Importance of HR Department in Business

   Added on 2023-04-20

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ENGLISH FOR ACADMIC
PURPOSE
HR department is the essential need of business
Importance of HR Department in Business_1
Contents
Introduction
Objectives of HR department
Changing role of HRM
Michigan model of HRM
Harvard Model of HRM
Contribution of HR department
Conclusion
Importance of HR Department in Business_2
INTRODUTION
Human resource management is the process of managing employee’s needs
and demands to attain business goals in an effective manner. It has been
researched by Storey, 2007 that, HR department is one of the significant parts of
business operations which develops employee’s engagement and growth
strategies in the present competitive era. Present study focuses on analysing the
arguments regarding need of HR department in business.
Importance of HR Department in Business_3
Objectives of HR department
Goals of HR department involve:
Attaining business objectives while optimizing business cost and manage health.
Managing welfare and safety of staff members.
Protecting resources (employees) of company to attain competitive edge.
Traditional HR perspective:
Managing employee’s records
Play aloof role in company
Non involvement in business operations
Separate department in business
Cost factor for the firm
Importance of HR Department in Business_4

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