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Importance of HR Functions in Organizations

The assignment requires students to choose between a decision that maximizes profit but is illegal and harmful to the environment, and a decision that minimizes profit but is legal and satisfies stockholders. It also asks students to explain the importance of different HR functions and how HR practices differ.

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Added on  2023-04-11

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This article discusses the importance of HR functions in organizations, including decision-making, recruitment, and differences between small businesses and international companies.

Importance of HR Functions in Organizations

The assignment requires students to choose between a decision that maximizes profit but is illegal and harmful to the environment, and a decision that minimizes profit but is legal and satisfies stockholders. It also asks students to explain the importance of different HR functions and how HR practices differ.

   Added on 2023-04-11

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Student Name
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Course Title
Importance of HR Functions in Organizations_1
P a g e | 1
Answer 1.
Being a manager, I would like to take a decision that is legal and contributes to stockholder’s
satisfaction though it may minimize short term profits. According to Feffer (2017), HR
professionals and business leaders often have diversified mindset where most of them are
focused on increasing profits and driving sales, nevertheless, HR professionals are
additionally trained for considering perspectives related to legal compliance, company culture
as well as risks. Sustainability perceptions and stockholders’ satisfactions are significant
aspects that influences the way organization approaches to new decisions and an efficient HR
manager will anticipate future risks before jumping and crossing legal lines (Khan, 2014).
For instance, decision like providing competitive wages to employees along with other health
care benefits and pensions for attracting efficient and skilled workforce. Many firms offer
competitive wages within a specific industry and if any company pays below market-wages,
they may lose skilled workforce. Compensation is determined after reviewing financial
condition of the firm, efficiency and rates paid by competitors. Although decision taken here
may affect financial position of the company thereby affecting immediate profits, but in long
term this decision will prove satisfying for stockholders as acquiring skilled workforce will
help in meeting organizational goals more effectively (Adler & Ghiselli, 2015).
Answer 2.
Successful recruitment reflects validity of professionalism in businesses and thus recruitment
in HR functions seems to be most important for me. Even, organizations desire that right
people are appointed to meet organizational objective for which it is very essential to
implement appropriate recruitment process. Although recruiting may prove expensive or time
consuming, it helps organizations with making right choices. Recruitment function in HR
Importance of HR Functions in Organizations_2

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