Human Resource Management

Paper Summary:

The paper discusses the various theories of human resource management. The paper illustrates how strategic human resource management combined with a company's strategic management can bring higher benefits to organizations. The paper provides a short overview of global human resources and examines the application of technology in human resource management. The paper concludes that, for a company to be successful, it is vital that human resource management work together with, and in the same direction as, the strategic management process of the company.

Outline:
Introduction
Human Resources Management - Review of Theories
Importance of Human Resources Management to Organizations
Strategic Human Resources Management and Firm Performance
Human Resources Management (HRM) and the Strategic Management Process (SMP)
Challenges and Benefits of Global Human Resource Management
HRM and Technology
Conclusion

From the Paper:

"Even if the plant and equipment, as well as financial assets are and will continue to be important and required resources by almost any organization, the human resources - the people these organizations have - start gaining an ever increasing role within companies. The people will be the ones designing and actually producing the goods and services a company offers to its clients, they will be the ones controlling the quality of their work, marketing the products and distribute the financial resources, as well as setting the overall organization's strategies and objectives... meaning - the people will have the same role as the sanguine system has in the human body. Therefore, it can be easily understood that a company that will not benefit from the presence of effective employees, will be confronted with serious challenges in achieving its objectives."

Sample of Sources Used:

• Armstrong, M., "A Handbook of Human Resource Management", Kogan Page, 2000, 7th Edition, London
• Jackson, S.E., Schuler, R. S., "Managing Human Resources: A partnership perspective", South-Western College, 2000, Cincinnati, OH
• Milkovich, G. T., and Boudreau, J. W., "Human Resource Management", Times Mirror Higher Education Group, USA, 1997, p. 2-
• Jackson, S.E., Schuler, R. S., "Understanding human resource management in the context of organizations and their environments", Annual Review of Psychology. Palo Alto: 1995. Vol. 46, p. 237-264
• Irudayam, A., "The importance of HRM strategies", The Hindu Business Line, Dec. 1996, p. 1-3

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