Term Paper on "HRM Human Resources Management"

Term Paper 4 pages (1225 words) Sources: 1+

[EXCERPT] . . . .

Human Resource Management

How Human Resources Management Adds Value to an Organization

The basis of competitive advantage for any firm is its human resources and their unique skills and the ability to coordinate them together to achieve greater goals and objectives (Porter, 1990). Dr. Micheal Porter of the Harvard Business School has been writing on competitive advantage for decades and comes to the conclusion in his research that the most lasting competitive differentiation between nations are its unique human resources (Porter, 1990). Likewise (Barney & Wright, 1998) have stated that using their Resource-Based View (RBW) of organizations that human resources predict a firms' ability to compete and stay financially viable over time. Global auto manufacturers Toyota for example credits their use of Human Resources Management (HRM) processes and systems with the stability of their global supply chain, the Toyota Production System (TPS), a model of lean manufacturing emulated throughout several industries (Liker, Hoseus, 2010). The intent of this analysis is to define how Human Resources Management (HRM) adds value and positively affects an organization.

HRM's Contributions to Organizations

Often organized into the areas of recruiting or acquiring employees and their talents, developing them, defining compensation programs that are market-competitive, and then optimizing the match of employees with organizational needs, HRM systems often follow a lifecycle-based approach (Pilenzo, 2009). The organization of HRM from this standpoint is optimal as it emulates the path employees make through organizations as their careers progress. It also gives organizations the necessary flexibility of aligning their employees to the most important strategies and initiatives underway. In this way the lifecycle-based model to managing all HRM strategies makes a foundational contribution to the competitive strength of any enterprise (Pilenzo, 2009). In effect this framework becomes essential to the fulfillment of a firms' strategic plan over time (Ulferts, Wirtz, Peterson, 2009).

In the area of recruiting and acquiring talent, the strategies for recruiting and applicable tracking, services procurement and working with websites including Monster.com to recruit are all in this first phase. This is vitally important to any organization as advanced skill sets including Six Sigma process expertise for example, which is so critically important for attaining internal process efficiencies, must be sought out and recruited to firms actively (Zu, Fredendall, 2009). Six Sigma Black Belts are highly trained and specialized process efficiency experts whose skill sets can be used for redefining business processes to make them more efficient and also more customer-centered. As a result, these are in high demand. HRM systems and strategies are critical for recruiting and retaining this level of expertise. Second, HRM is critically important in this area for on-boarding new employees as well once they are recruited (Snell, 2006). on-boarding not only provides benefits and company policy information, it is also critically important for managing the expectations of new employees and informing them about the culture of the organization as well. on-boarding, when done well, can transform a promising new employee into someone who has passion for their work (Zigarmi, Nimon, Houson, Witt, Diehl, 2009) and internalizes the objectives of the company as well so they excel.

The developmental stage of the lifecycle approach to HRM includes setting objectives, defining coaching and assessment shared objectives and completing employee performance reviews. It also includes in many organizations the opportunity for employees to participate in e-learning programs to augment and strengthen their skills (Morris, Wright, Trevor, Stiles, Stahl, Snell, Paauwe & Farndale, 2009). The contributions of HRM in this area include continually updating the skills of employees so they are more and more competitive in their roles and responsibilities in addition to defining opportunities for job enrichment (Herrbach, Mignonac, Vandenberghe, Negrini, 2009).

In the compensation phase… READ MORE

How to Reference "HRM Human Resources Management" Term Paper in a Bibliography

Related Term Papers:

Human Resource Management Essay

HRM

Human Resource Management and the Green Globe Initiative

Do you believe the descriptions given for the generations above are accurate? Please state the evidence that supports your answer.

The… read more

Essay 6 pages (1742 words) Sources: 1 Topic: Management / Organizations

---

Importance of Human Resource Management as the Foundation for a Successful Small Business Essay

Human Resource Management as the Foundation for a Successful Small Business

The success of any businesses, large or small, largely depends on how effective the business is in the management… read more

Essay 7 pages (2103 words) Sources: 7 Topic: Career / Labor / Human Resources

---

Human Resources Management - Review of Theories Term Paper

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… read more

Term Paper 12 pages (3670 words) Sources: 1+ Topic: Management / Organizations

---

HRM Outline Human Resource Management an Analysis Thesis

HRM Outline

Human Resource Management

An analysis of how to utilize Human Resources to create or maintain a competitive advantage within the modern business environment.

Synthesis Review

Leadership Background

Organizational… read more

Thesis 30 pages (9449 words) Sources: 25 Topic: Management / Organizations

---

View 100+ more related papers  >>