This paper looks at the current trends in human resources and assesses what organizational strategies within human resources are needed to maintain a competitive and successful business market.
Written in 2008; 1,239 words; 5 sources; APA; $ 42.95
Paper Summary:
This paper discusses the role of human resources, stating that more recently it has been regarded as a business strategic partner for many organizations. In order to be successful and remain competitive in today's market, human resources (HR) must be considered a strategic partner if an organization wants to flourish. This paper makes a case for having human resources (HR) report to the CEO of the organization. The author describes the relationship between HR strategies and business strategies and discusses examples of HR strategies that can be effective. In addition, the author of the paper examines the benefits and consequences of having HR as a strategic partner, as well as the key business competencies that they must retain. Furthermore, the paper discusses an optimal career path for a senior HR executive.
Outline:
Case for Human Resources as a Strategic Partner
HR Strategies and Business Strategies
Benefits and Consequences
Key Business Competencies
Career Path
Conclusion
From the Paper:
"Strategies require more than retaining competent people. They require specific people with specific talents for specific tasks. Concentration strategies are a good example of how HR can affect change. They are an integral part in retaining employees by way if training to keep skills sharp and compensation to give those with skills the proper income for their work. Another strategy that can impact change in a positive direction is the external growth strategy during mergers and acquisitions. HR is a critical facet during a merger as issues of conflict usually arise. HR must train staff in conflict resolution due to the merging cultures. In doing so, morale and production can be impacted if the proper training is conducted. Additionally, rightsizing to cut costs and remain competitive in the market is another strategy whereby HR is important and can positively affect the company in meeting its goals. HR can assess the positions and the job functions to see what positions can merge. Upon doing so, they then can look objectively at the employees who aren't as valued to determine the cuts needed to achieve the desired results."
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