Maximizing Your Return on People: Importance of HRM Practices at Eagle Eye Solutions

Harvard Business Reviews
Maximizing Your Return on
People March 2007

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Definition of HRM......................................................................................................................3
Human Resource Management Concept.....................................................................................4
Human Resource Management Strategy at Eagle Eye Solutions Limited...................................5
How the HCM Survey will be implemented in Eagle Eye Solutions to improvise
organisational performance.........................................................................................................7
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1

INTRODUCTION
The Human Resources management of the company plays vital role in filling the
organizational position with the talented employees and improving the financial performance of
the business by providing them proper training and development (Pombo and Gomes, 2018).
This report will identify and analyse the concept and importance of the HRM practices within the
Eagle Eye Solution LTD. This is a UK based information technology company which provide
the digital marketing platforms to their businesses clients so that they can promote their branded
products and services. This report will help in identifying the key areas of HRM where the
company are lacking and the impact of which they are unable to improve its performance. The
best and suitable HRM strategy helps in optimum utilization of human capital with the help of
which the company can easily expand and develop its business position. This report will also
cover the strategy which help the HR of the company to overcome the challenges they face while
doing their work.
MAIN BODY
Definition of HRM
Human Resources Management is an efficient management of the business which look
outs the (planning, organizing, directing, controlling, compensation, development and
integration) process of the people in an organization so that they can contribute towards the
improvement of the business performance (Anbu, 2019). They basically hire and manages the
employees of the company from the recruitment process to the training and development
programs. They are very crucial for attracting and retaining the well-qualified and experiences
candidates within the organization so that the overall goals and objectives of the company get
achieved. Having a good human resources management team is very important for the business
in order to build an engaged and energized workforce. In order to control the gap between actual
and standard performance of the employees, the HR team uses their critical and analytical skills.
Not only that they always make sure that the each and every employee have strong relation with
each other or management. And for this the HRM provide and take monthly feedback so that no
one can feel themselves isolated at the workplace. The HR manager of the company need to
work closely with the CEO and CFO of the company in order to achieve the business goal
without lack any area of decision.

Human Resource Management Concept
One of the most important resource among all other resources is human resource which is
considered as the most traditional and difficult to manage (Bloom and et.al., 2019). The process
of human resource management begins right from assessing the need for manpower, their
recruitment at a certain position in the organisation, provision of training and compensation and
finally retaining them for long for the betterment of the organisation. Human resource manager is
responsible for designing and implementing effective policies, programs and procedures. It
strives hard for managing and developing skills, knowledge, talent, aptitude and creativity and
utilize the same in an optimal level in order to improve performance and accomplish the higher
organisational goals (Tigere, 2018).
Human resource management itself describes the meaning of the term which indicates that this
function is concerned about managing people at workplace. Through this function only, it can be
ensured that both individual and organisational goals can be achieved. The policies and practices
adopted by HR manager is meant for facilitating the achievement of both employees and
organisational goals.
HRM is in fact one of the branch of management which deals which the most important resource
of the organisation that is, human resource by adopting efficient and effective processes to
manage people working in the organisation (Acquah, Agyabeng-Mensah and Afum, 2020). HR
manager or people manager are mainly concerned with the two most important tasks that is,
employee engagement and employee productivity which is the very critical factor to the success
of the organisation. It is the human resource only which helps an organisation in achieving their
desired results quickly, effectively and efficiently.
Objectives of HRM
 To provide motivated and competent employees in order to achieve desired results in an
efficient and effective manner.
 To ensure by developing and maintaining a cordial relationship between management and
employees.
 To reconcile organisational and individual goals in such a way that both management and
employees feel contented with the attainment of both personal and group goals.
 To ensure maintainance of ethical behaviour by developing ethics, moral and values need
to be followed by employees inside and outside of the organisation.