2HUMAN RESOURCE MANAGEMENT Question 1: The fundamental organizational objectives that the HR functions are responsible for delivering are higher production, enhancement of the quality of the services, development of a good service reputation for the companies, develops the companies as employer of choice and develops a diversified workforce. The human resource department of the companies are responsible for meeting the training and developmental needs of the employees which place them in a better position for increasing their ability in enhancing the level of production and the quality of the services (Noeet al.2015).On the other hand, the initiative of the human resource managers for improving the diversity, improves the ability of the companies in developing a diversified workforce. The HR intervention such as attractive rewarding policy, industry standard wage and flexible work time characteristics is considered to be of great significance for the companies in being the employer of choice (Armstrong and Taylor 2020). Other than this, the ability of the companies in developing attractive workplace health and safety infrastructure is crucial for the success of the companies in ensuring a motivated workforce and a high performance working environment which will contribute to the improved financial performances for the companies. As a result of the excellent training and diversity management intervention, the companies will be in a scope of improving their service reputation. Question 2: The dynamics of the human resource management has the changed in substantial manner in recent times. According to the comments of Bratton and Gold (2017), the intervention of the human resource managers has increased in a substantial manner over the years for ensuring the sustainable management of the business activities. With a close look at the activities of the human resource managers operated in previous century, DeCenzo,
3HUMAN RESOURCE MANAGEMENT Robbins and Verhulst (2016), claimed that the fundamental intervention of the managers were centred on the effective management of the pay roll, work time along with recruitment. However, there is substantial number of changes taking place in the job responsibilities of the human resource managers for meeting the demands of the business actions. Sparrow, BrewsterandChung(2016),claimedthatthemodernhumanresourcemanagersare responsible for the management of a series of activities for the development of an optimal workforce which ranges from recruitment and selection of talented employees, identification of the training needs of the employees and development of the customized training plans for theemployees,theformulationofflexibleworktimeandindustrystandardwage characteristics for the employees, development of an lucrative rewards plan, initiation of the diversity management and inclusion practices, management of the workplace health and safety of the employees. Hence the evolution of the human resource interventions in the contemporary organizations is pretty prominent. Question 3: Considering the usage of the Human Metrics for the assessment of the contribution of the human resource functions, Cascio (2015), highlighted that the main criteria used are rate of absenteeism, employee productivity index, overtime expense of the employees, employee happiness index, training effectiveness index and the training efficiency. On the other hand, the SLA are used for managing and tracking the possible response times of the human resource managers for tackling the employee issues. Along with that, SLA is utilized for the measurement of the response time of the human resource managers against corporate commitment times. On the other hand,Suseno, Sarno and Sunaryono (2016),highlighted that the wide usage of the KPIs are significantly prominent in the modern world of business. The KPIs are used to assess the contribution of the human resource functions on various aspects such as absence rate, benefits satisfaction level of the employees, absence cost, rate of
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4HUMAN RESOURCE MANAGEMENT employee productivity, internal promotion rate, employee engagement index, employee innovation index, net promoter score, percentage cost of the workforce, quality of hire, turnover rate, involuntary turnover rate, voluntary turnover rate, training effectiveness and 90 day quit rate (Suseno, Sarno and Sunaryono 2016). Other than this, the staff surveys are utilized for the assessment of the contribution of the human resource function in motivating the employees, in meeting the training needs of the employees, in resolving the safety related concerns of the employees, in assessing the satisfaction level of the employees, in evaluating the excellence of the leadership of the business leaders and in identifying the level of freedom that the employees (Zibarras and Coan 2015). Other than this, the HR survey is crucial in understanding the contribution of the human resource managers in developing attractive rewards plan, in developing flexible work plan, in assessing the excellence of the human resources managers in creating diversified workforce and in developing awareness amongst the employees regarding the business activitiesofthecompanies.Theevaluationofthehumanresourcefunctionthrough benchmarking with other organizations can be carried out through assessing the contribution of the HR managers in developing a better rewards plan, in developing appropriate workplace health and safety infrastructure and in developing a more flexible work plan and in developing comparatively more compensating wage plan. The Return on Investment metrics can be used for the assessment of the contribution of the HR managers in obtaining the maximum value of any HR interventions. The Return on Investment is regarded as an important indicator for the evaluation of the profit gained with an intervention against the consumption of the cost of the same. The assessment of any human resource function with the mentioned metric highlights the success or failure of the HR managers. The HR dashboard has four different aspects which are Strategic, Employee Growth, Financial and
5HUMAN RESOURCE MANAGEMENT Process (Sudaryo 2015). The accomplishment of the key performance indicators of these aspects are the main criteria for assessing the contribution of the human resource managers.
6HUMAN RESOURCE MANAGEMENT References: Armstrong, M. and Taylor, S., 2020. Armstrong's handbook of human resource management practice. Kogan Page Publishers. Bratton, J. and Gold, J., 2017. Human resource management: theory and practice. Palgrave. Cascio, W.F., 2015. Managing human resources. New York: McGraw-Hill. DeCenzo, D.A., Robbins, S.P. and Verhulst, S.L., 2016. Fundamentals of human resource management. John Wiley & Sons. Noe,R.A.,Hollenbeck,J.R.,Gerhart,B.andWright,P.M.,2015.Humanresource management. Gaining a Competitive. Sparrow, P., Brewster, C. and Chung, C., 2016. Globalizing human resource management. Routledge. Sudaryo, Y., 2015. Implementation of Management Performance Assessment Based HR Scorecard. Reseach Journal Finance and Accounting, 6(6), pp.190-194. Suseno, D.A.A., Sarno, R. andSunaryono,D., 2016, October.Determiningbonusin EnterpriseResourcePlanningatHumanResourceManagementmoduleusingKey Performance Indicator. In2016 International Conference on Information & Communication Technology and Systems (ICTS)(pp. 14-19). IEEE. Zibarras, L.D. and Coan, P., 2015. HRM practices used to promote pro-environmental behavior: a UK survey. The International Journal of Human Resource Management, 26(16), pp.2121-2142.