Hr Management
A management team must develop the company's ability to recruit, train, and keep first quality employees, as well as its ability to train and motivate seasonal workers. Without effective human resource management, company growth can be restricted and performance can suffer. The term Human Resource Management (HRM) refers to activities undertaken to attract, develop, and maintain an effective workforce within an organization. Companies such as General Electric and Hewlett-Packard have become famous for their philosophy about human resource management, which some analysts say is the foundation of their success. HRM is also important in nonprofit organizations as well. Over the past decade, human resource management has shed its old personnel image and gained recognition as a vital player in corporate strategy. Research has found that effective human resource management has a positive impact on organizational performance, including higher productivity. Especially in today's tight labor market, the ability to attract and retain quality employees can be a powerful strategic weapon. Some small business in particular report that finding and keeping good workers is the biggest problem they face. Human resource management has three main
parts. First, all managers are human resource managers. Secondly, employees are viewed as assets. Third, human resource management is a matching process, integrating the organization's goals with employees' needs. Employees should receive satisfaction equal to that of company. Generally, HRM professionals concentrate on two things to make performance appraisal a positive force on their organization: (1) the accurate assessment of performance through the development and application of assessment systems such as rating scales and (2) training managers to effectively use the performance appraisal interview, so managers can provide feedback that will reinforce good performance and motivate employee development. Performance Appraisal is another importance technique for developing an effective workforce. Performance appraisal comprises the steps of observing and assessing employee performance, recording the assessment, and providing feedback to the employee. Managers use performance appraisal to describe and evaluate the employees' performance. During performance appraisal, skillful managers give feedback and praise concerning the acceptable elements of the employee's performance. They also describe performance areas that might need improvement. Employees can use this information to change their job performance. Promotion from within helps companies retain and develop productive employees. It provides challenging assignments, prescribes new responsibilities,
Some common words found in the essay are:
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Approximate Word count = 989
Approximate Pages = 4 (250 words per page double spaced)
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