HRMT20024 Presentation: Evaluating HRM for Future Success
VerifiedAdded on 2023/01/20
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Presentation
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This presentation critically evaluates Human Resource Management (HRM) strategies, policies, and plans in relation to desired organizational outcomes, reviewing the effectiveness and cost-benefit aspects of HRM programs and processes. It appreciates the value of both quantitative and qualitative measures in evaluating HRM effectiveness, discussing compliance and governance aspects of HRM practices. The presentation assesses the success of HRM functions and tasks, identifying likely future directions of Strategic Human Resource Management (SHRM) theory and practice, drawing upon academic literature. The evaluation considers the efficiency of the HR function, the effectiveness of HRM systems and processes, and their impact on organizations, reflecting a quantifiable approach alongside qualitative measures, emphasizing the importance of aligning HRM with business strategies for improved firm financial performance, highlighting both the costs and benefits of measurement in aiding overall HR planning and control and emphasizing the value of people.
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