Human Resource Management Essay Example | Topics and Well Written Essays - 1500 words - 8

Human Resource Management - Essay Example It was only the people who could lead an organization in the right direction and could individually and collectively contribute to achievement of the business objectives (Armstrong, 1992) At present Human Resource management is a fast evolving field that has emerged as one of the focal points of any business. It is Human resource management that addresses the theoretical and practical techniques of managing a workforce. Many people have the perception that only job of the human resource management department is to consider present or upcoming job vacancies and fill them with suitable staff. Well, that’s not entirely untrue but human resource management entails much more than hiring firing decisions. (Armstrong, 1992) HRM includes many different functions which contribute to organizational value in a variety of ways. Some of these functions also contribute by reducing risk. In this essay we will firstly examine the major HR functions and then consider the extent to which these functions add value and reduce risk. (Armstrong, 1992) It is important to understand that the role of HRM as a department varies from organization to organization and also between countries. For the sake of simplicity we will assume an organization where there is a significant HR department. Generally the department will be considered to have the following responsibilities: Resource Management refers to the recruitment and selection of employees within an organization. The importance of effective recruitment programs cannot be highlighted enough. The HR department is the entry point or the funnel which channels the most valuable resource of an organization, so it is important that it is aware of organizational needs and requirements and work in tandem with other departments. Therefore resource management remains to be HR departments’ key roles; newer concepts such as knowledge management are linked to Resource management as well. One important