HR is Cost or Investment ?
Monday, November 23, 2009
Saturday, November 14, 2009
Is HR Heart of an organisation
“Human Resource Management is the Heart of an Organization”
When we talk about Human resource management it includes many functions and sub functions like HR strategies , Recruitment & Selection, performance appraisals, compensation and benefits, Organisation Development etc.
Now what is HR strategies ???
HR strategies is compilation of various tools or activities used to Attract, develop, retain the best talent in the industry
Recruitment & Selection : It sounds simple but it does not only include procedure of simple screening , shortlisting the prospect employee but it also includes a rigorous scientific tools used while making selection of prospective employee
Performance Appraisals , Compensation & Benefits, again plays a pivotal role in attracting and retaining the best talent in the industry
Organisation Development : Organisation development consists of various intangible elements like work culture , work environment .
Again its plays a very essential role in building a morale of an organization as a whole. Its cannot be acquired in a day or two or even months. It is gradually built over span of time.
So all these elements together play a important role in HR Management
If we analyse any successful organization we get to know that its due to its successful HR strategies formulation and gradually implementation that contributes to its success
Eg , Cisco system has been practicing one of the best HR strategies
Likewise we have Infosys , Accenture and many more.
The elements of HR has touched every field , every organization , including NGOs etc
So friends can we conclude HR is the Heart of an organization. Without which its impossible to grow in an industry ???????????????????????????????
Please feel free to share any case study or event which reflects the importance of HRM and how its play a motivating role in carrying out other work in an organisation