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BMG935 Report on HR department of the Business Organizations

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International HRM (BMG935)

   

Added on  2020-05-28

BMG935 Report on HR department of the Business Organizations

   

International HRM (BMG935)

   Added on 2020-05-28

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Running head: HRM PLAYS A ROLE IN DRIVING ORGANISATIONALPERFORMANCEHRM Plays a Role in Driving Organisational performanceName of the StudentName of the UniversityAuthor note
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1HRM PLAYS A ROLE IN DRIVING ORGANISATIONALPERFORMANCEExecutive summaryThe purpose of this report is to highlight the fact that Human resource department has asignificant role in ensuring the best interests of a business organizations. No businessorganization can experience success only by gathering a troop of employees, rather they needs tobe effectively managed to ensure to maximize the productivity of the workforce to secure moreprofitability. The report highlights three aspects of the vital role played by HR department of thebusiness organizations to conclude the fact that HR department of any business organization hasimmense support in ensuring the profitability in the highly competitive market.
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2HRM PLAYS A ROLE IN DRIVING ORGANISATIONALPERFORMANCETable of ContentsIntroduction......................................................................................................................................3Role of HRM...................................................................................................................................3Recruiting........................................................................................................................................4Compensation strategies..................................................................................................................5Performance appraisal.....................................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
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3HRM PLAYS A ROLE IN DRIVING ORGANISATIONALPERFORMANCEIntroductionIn today’s world, the global competition is the fundamental element to describe businessorganization’s strategies; as a result the industrial economy has to pass towards a knowledgebased economy. Thus, operating in a market where there is presence of fierce marketcompetition, to sustain the growth and productivity of the organization the management needs tohave an effective Human Resource management to drive the organizational performance. In thisregard, it is worth mentioning that, HRM has a significant role for the supply of the human beingthe chief resources for the business organizations. As disclosed by Cooke, Saini and Wang(2014),the basic role of HRM is to recruit employees, doing performance appraisal and makeappropriate compensation strategies for the business organizations.This report highlights thebasic responsibilities of Human resource departments and further shades light on their role insustaining the growth of the business organizations.Role of HRMIt can be said that already HRM function has been repeatedly facing major issues injustifying their existence in the business organizations as when the business organizations are ingood shape financially, the HR managers are provided with adequate budget to spend on thetraining, recruiting and arranging developmental programs for the employees of theorganizations. On the other hand,as opined by Brewster and Hegewisch (2017), when thebusiness organizations face major financial crisis, it is the HR department that gets the initialcutbacks. The emergence of strategic human resource management is dedicated to explore therole of the HR managers to support the strategies of the business organizations. Over the yearsHRM discipline has experienced a huge change and these changes brought in two major
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