Resource Management

This document discusses the importance of resource management in organizations, focusing on the development of the human resource function. It explores various functions of human resources, such as recruitment and selection, training and development, employee benefits, employee relationship and environment, and legal responsibilities. It also covers the planning and assessment of resources, including physical resources, human resources, intellectual resources, and financial resources. A case study of Network Solution is provided to illustrate the concepts.

Resource Management

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
The development of the human resource function......................................................................1
Investigate and plan the resources needed to accomplish venture’s aims and objectives...........3
Appraise the use of resources against organisations plans..........................................................5
Frame plans to assure that assets are increase and remedial actions...........................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Resource management indicates to a process executed by the administration of the firm with
the purpose of attaining greatest use of accessible assets. Resources consider human resource,
monetary value, manufacturing, inventory management and many more. The key purpose of
executing resource management is to execute with more potential so that rivalry benefits would
be earned by them in upcoming time. For this assessment, Network solution is considered which
a medium sized company is and operating its business in computer networking industry (Santos
and Melo, 2018). The venture was incorporated in 1997 and has grown to become the world
market leading designer and manufacturer of network access solutions for the security and
network management market, providing consumer flexible improvement opportunities to
increase their solution investment. The written document will discuss about several kinds of
human resource function with their significance of development in the company. Furthermore, it
will explain about resource plan, use of accessible resource in the firm with their plans and
formulation of plan to maximise the use of assets.
MAIN BODY
The development of the human resource function
Human resource plays a crucial role in the development of company because it help them
to support the actions completed by the workers with the mission and aims of the firm so that it
would be accomplish in fewer time frame. Key role is to plan and growth the accessible assists
so that high use of it would be accomplished through the venture. For example, Network solution
resource goal is to make improvement of workforce so that whole efficiency can be maximised
by making positive working environment so that it can encourage the workers of respective firm
to execute with higher potential (Ng and Parry, 2016). Diverse sorts of human resource function
that would be designed by the Network solution is defined as under with functional example of
it:
Recruitment and Selection: Development of organisation is instantly related with the
staffing and selection approach because if the unsuitable applicants is recruit for the empty seats
cause of biases and discrimination, then it will influence Network solution in an unfavourable
manner, As people would not be having effective abilities and knowledge cause of which they
would not be capable to execute with the desired potential, therefore low efficiency of the firm.
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So it must be significance for respective enterprise to improve effective staffing and selection
tool because then it would help them to execute better in the rivalry marketplace. For example, if
Network solution is recruiting for sales executive, then abilities which must be included through
HR when making interaction with the possible applicants is communication and interpersonal
abilities, behaviours, attitudes and many more. If all these demands are satisfied by the
applicants then only particular firm should recruit them because all these skills would help them
to maximise their sales over a time period.
Training and Development: Workforce in the venture would be a resource and assets fo
them if they have effective abilities and competencies that are needed to execute the task with
higher productivity. So, the function of respective enterprise and administration to find out
abilities that are trading and essential in the outside market and then inspire in them with the
assistance of training and development (Tang and et. al, 2018). Training is an activity of offering
all the data that is essential for workers to learn with the assistance of tool and machinery such as
classroom classes, online classes, onsite training and many more. For example, if new
technology is implemented in the Network solution then the trainer should teach forms of
utilising it to all the manpower so that they can utilise it to develop their efficiency thus better
execution through establishment.
Employee Benefits: There are two forms by which workers could be encouraged in the
company i.e. monetary and non monetary advantages. So the function of Network solution is to
improve the activities and practices of offering advantages to workers on the base of their
execution when performing rather than on the base of effective relation with the administrator.
Financial advantages consists incentives, bonuses, compensation, hike in salary etc. in non-
financial benefits such as promotion, effective workplace, acknowledgement of work and many
more. For example, promotion should be provided by Network solution on the base of execution
because it will encourage them to perform even more effectively in the upcoming tome that is
optimistic sign of ventures development (von Kistowski and et. al., 2018). But if does not the
execution then it will discourage the hard working workers that directs to lower efficiency and
moral that is not good for a SME firm. So it can be viewed that Network solution should improve
this tool in their working operations to develop their performance scale in the upcoming time in
compare to its rivals.
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Employee Relationship and environment: Encouragement of the workers is connected
with the workers relation with each other because if employee relation is good and then it will
encourage them during the time of working together and working hard. So it must be essential
for Network solution to manage the relationship among employees by reducing issues at basic
extent so that would not be arisen as the big problem in future. Additionally, healthy workplace
must be there in the firm because it encourages them to work harder cause of positivity.
Legal Responsibilities: Laws and regulations is devised and considered in the business firm
so that unethical activities would be avoided from the company because if it does then it affect
the image and market position of the in unenthusiastic manner (Cox and et. al., 2016). For
example, if Network solution is offered low pay to their employees in comparison to the
minimum limit set by the authority then firm would be expose to legal complexities that
influences their goodwill in the marketplace and in worker mind. Furthermore, it discourage
workers cause of which they would not be capable to execute with the high potential, So the
respective firm should try to form laws in the establishment as per the rules devised by the
national authority as fulfilling with it, will empower workers to work harder that is a optimistic
sign for them in the marketplace.
Investigate and plan the resources needed to accomplish venture’s aims and objectives
Key objective of existence of business operation is to accomplish pre designed aims and
objective that organisation has devised in the beginning so that effective navigation would be
offered to the workers regarding their activities. But main work of administration is to
administrate it as per to the short time goals as if resources are not be capable to fully use by the
venture then rivalry benefits would be earn by them. Additionally, resources are accessible in the
firm is also linked with their sustainability as well. For example, if Network solution s planning
to make development in their sales in the next year, then human recourse, financial resource etc.
must be set accordingly (Al Ariss and Sidani, 2016). As if organisation requires developing their
sales but on the other side, they does not need to hire any new potential applicants in the working
environment then it becomes unfeasible in nature. So it can be viewed that organisation’s
execution and sustainability in the marketplace is supported to the assets and how venture is
utilising it to execute in the marketplace. Several kinds of resources that Network solution is
provided with is define as under with functional example:
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Physical resources: Whether the business is small, medium and large, each firm requires
having physical assets to sustain in the rivalry market. These assets consider building, material
technical equipments, office furniture and many more that are crucial for the firm to execute the
business operations. For example, when Network solution was introduced, the basic things an
resources which are needed for operating the business was the building and tools so the workers
can have a place of work full of equipments and furniture where they can work effectively for
operating the business.
Human resources: It cannot be easy for any firm to work without manpower because they
are one who executes their duties with dedication with the purpose of accomplishing
organisation mission and vision. Manpower considers workers who perform adequately to meet
the aims and objectives of the allotted task and work properly (Song, Fisher and Kwoh, 2019).
So the function of Network solution is to always empower their workers and try to measure their
demands and satisfy them so that they can feel encouraged and perform their role in more
adequate way. Because when they are not motivated then they will not make their high
contribution in attaining the business goals and achieving its success.
Intellectual resources: These are the assets which are present in a firm for driving the
profitability, new consumers, offering effective services and making development in the
business. These are important for Network solution in term of developing number of consumer,
earning more profitability, brand awareness in the market etc. For example, if the particular
company’s brand image in the market is optimistic and favourable in nature then their sales and
profit margins would repeatedly maximises that could directs to rivalry benefits over others if
effectively administrated, So it is crucial for venture like Network solution to administrate their
resource to its fullest because it enable them to compete with the competitors.
Financial resources: These resources denotes to the capital and other assets that are
expensive for the firm. These are important for companies in buying the tools and equipments for
doing the duties and executing the business operations (Mao and et. al., 2017). For example,
Network solution requires fund for implementing the updated technologies in the business
operations that are included as the fiscal assets and offered by the finance division. So it can be
viewed that without financial support, organisation would not be capable to meet its pre-
established aims cause of lower efficiency of a company.
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Appraise the use of resources against organisations plans
Resources are crucial for a company in context of executing the business function in
expected form. These assets have some benefits and limitations that must be determined through
the venture adequate use of these assets in business operations. Assessment of some of the assets
is defined as under:
Physical resources: These resources are very essential for any company in order to
efficiently carry out the business operations. The optimistic influence of these assets on Network
solution is that these meet the demand of business so that the business functions can effectively
operate. Other optimistic impact is that the firm can survive for a long time in the market if these
are obtained by the firm effectively (Chams and García-Blandón, 2019). For example, if the
respective firm does not have sufficient and healthy place where employees can perform their
role in effective manner then the business of the firm will influence which affect the image of the
firm in market. So it can be analysed that physical resource assists organisations to make a great
position in the marketplace. While unenthusiastic influence exists on business operation when
these are rented through the business instead of buying because the business cost can maximise
rented these assets.
Human resources: These assets are required so that organisation can operate their
business functions and operations in effective manner. The optimistic impact of theses assets on
Network solution can serve their target people efficiently through skilled workers, Also these
workforces assist in improving the consumer satisfaction by offering services as per their needs
and demand. Negative influence is that the dissatisfaction between the workers can directs to
minimised profitability and efficiency of the company because they would not effectively serve
the consumers (Santos and Melo, 2018). For example, if manpower of the firm is not executing
their allotted task with full effectiveness then quality of the services is not positive for their
upcoming time. So it can be analysing that workers is a resource which is the main motive
behind the development and growth of every venture.
Intellectual resources: It considers several components of companies such as brand
image name and position in consumer’s mind, patent, logo etc. All these things are intangible in
nature but apart from this, it instantly influences purchasing power in favourable and
unfavourable manner. For example if brand image of Network solution is positive and trust
worthy in compare to their rivals then consumer would like to take the benefits of services even
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after paying more cost due to high brand image. On the other hand, there are numerous
drawbacks of it too, such as image of Network solution is hampered to any negative situation
then it will also affect their sales and or profit margins in a destructive form.
Financial resources: These assets are crucial for any establishment in order to obtain
other needed assets for the business operations. The positive influences of these are that the
Network solution can make implementation of effective technologies so that they can offer
adequate services to their consumers as per their necessities (Ng and Parry, 2016). Also, these
resources can be utilised by respective firm in offering updated machinery in term of performing
their business duties and responsibilities which are assigned by the management to them in more
developed manner. Whereas, unenthusiastic influences of these assets is that when these are not
accessible to the venture they can suffer complexities in functioning that can direct to minimised
efficiency and profit margins over a time period. Additionally, in term of lacking finance they
cannot pay employees effectively which also affect its business in negative way.
Frame plans to assure that assets are increase and remedial actions
The given plan is utilised in such a way to recognise all the assets that are needed in
sequence to fulfil the given project successfully. While completing the project it will turn simple
to understand regarding the real number of labour needed. Moreover, it also assists in knowing
the projected amount of matters and instruments needed in order to finish the project. After
arranging the assets managing plan, the next comes up with an assets plan under which the
utilisation of every type of assets is planned to recognise the availability of a fixed amount of
assets needed to finish the project. The steps in the resource planning method are explained
below:
Assessing the current human resource capacity:- The starting and first object to
examine in this planning of Network solution is the investigation of HR power of organisation in
terms of its workers amount, qualification, expertise, capacity and payment (Tang and et. al,
2018). This data assists in giving an idea about the availability of workers for doing the
upcoming processes so that targets can be achieved.
Forecast further HR requirement:- Once the present requirement has been recognised
the amount of human resources that are needed by organisation in such a way to carry out its
upcoming practices efficiently. This investigation must be carried out on the support of expertise
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and capacity due to which such a group of employees can preserve that support management to
attain its goal by obtaining high benefit at low cost.
Identify HR Gaps: It is significant for the organisations to build stability among the supply
and need of their commodity and duties (von Kistowski and et. al., 2018). For completing this it
is also necessary that the organisation must investigate and estimate the present assets due to
which it could come here regarding the spot where they are positioned. This will also benefit
them in finding regarding the regions where the difference is present and will also give the
methods to remove them.
Integrating Plan with Companies Strategy: It is also most necessary for the organisation
to expand the project with their planning due to which the organisation could build it more
accurately and could also increase possibility to make essential alterations if any required (Cox
and et. al., 2016). While doing it actually it is significant to construct the financial plans
associated with recruitment, selection, training of their workers due to which the organisation
may not suffer any insufficiency.
CONCLUSION
This has been concluded from the defined content that resource management and
planning is a crucial for any establishment to earn rivalry benefit over other because it help them
to execute more effectiveness and productivity. The key function of human resource function
into maximise profitability and productivity of firm through encouraging workers by managing
the workplace. On the other hand, assets must be capture through a company as to their current
execution because then only it would be capable for them to execute as per to their ability and
weakness. To accomplish this aspect, resources, abilities and strengths must be support with each
other because then only business venture would accomplish higher efficiency and profit margin
in the market place.
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REFERENCES
Books & Journals
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management). Journal of applied phycology, 30(4), pp.2463-2473.
Ng, E.S. and Parry, E., 2016. Multigenerational research in human resource management.
In Research in personnel and human resources management. Emerald Group Publishing
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Tang, G. and et. al, 2018. Green human resource management practices: scale development and
validity. Asia Pacific Journal of Human Resources, 56(1), pp.31-55.
von Kistowski, J. and et. al., 2018, September. Teastore: A micro-service reference application
for benchmarking, modeling and resource management research. In 2018 IEEE 26th
International Symposium on Modeling, Analysis, and Simulation of Computer and
Telecommunication Systems (MASCOTS) (pp. 223-236). IEEE.
Cox, M. and et. al., 2016. Synthesizing theories of natural resource management and
governance. Global Environmental Change, 39, pp.45-56.
Al Ariss, A. and Sidani, Y., 2016. Comparative international human resource management:
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Song, M., Fisher, R. and Kwoh, Y., 2019. Technological challenges of green innovation and
sustainable resource management with large scale data. Technological Forecasting and Social
Change, 144, pp.361-368.
Sondhi, A. and et. al., 2018. Mobile application, resource management advice. U.S. Patent
9,965,614.
Mao, Y. and et. al., 2017. Stochastic joint radio and computational resource management for
multi-user mobile-edge computing systems. IEEE Transactions on Wireless
Communications, 16(9), pp.5994-6009.
Chams, N. and García-Blandón, J., 2019. On the importance of sustainable human resource
management for the adoption of sustainable development goals. Resources, Conservation and
Recycling, 141, pp.109-122.
Online
Network Critical Solutions. 2020. [Online]. Available Through: <
https://www.linkedin.com/company/network-critical/about/>.
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