Human Resource Is Vital For Any Business - 3569 Words

Human resource is vital to any business. It deals with the most important resource in the business; people. For any business to achieve its objectives they must plan their resources and one of their key resources is people. Human Resource managers are responsible for getting the right people in order to meet the organization’s aims successfully. As an organization grows and expands, the human resource department will know that the organization needs to constantly measure performance. Recruiting staff in an organization is very expensive and costly, so the human resource function helps the organization to get recruitment right. There are four main elements to Human Resources and they are: 1. Planning 2. Recruitment Selection 3. Training Development 4. Performance Measurement. For this paper, I’m going to be discussing performance measurement; what it means, why it’s important and how it’s done. Performance management is the system in which the employees are reviewed at regular intervals so they are monitored to tell the employer how they perform in their jobs and can they improve their performance. Employee performance measurements can determine an employee s compensation, employment status or opportunities for advancement. This is usually carried out by the employee’s manager, however it is practical to include HR managers in the process. In order to be competitive, companies must continue to monitor the performance of its employees. PerformanceShow MoreRelatedThe Important and Vital Functions of the Human Resources Department1351 Words   |  6 PagesIntroduction HR in a department has various functions which are vital and crucial for an organization. It is undeniable that individual development and working to maintain a productive working environment are vital but the functions of HR are not limited to this extent only. Apart from individual development and working to maintain a productive working environment HR plays multiple roles for the growth and functioning of the organization. Other crucial functions of HR in an organization may includeRead MoreThe Importance Of Human Resource Management Within The Business1738 Words   |  7 Pages The Importance of Human Resources in Small Business Derrick Rowley Business 224 Dennis Oden 7 June 2015 â€Æ' Abstract Within this paper you will find that HR is vital to all businesses, but can greatly affect the long-term success of a small business. Small businesses can have a difficult time finding qualified individuals to help with the production side of the business. That is why having human resource management within the business is so important. HR sets the planning process and withinRead MoreThroughout This Essay, I Am Going To Investigate Using1036 Words   |  5 PagesThroughout this essay, I am going to investigate using various references and ABS journals, what exactly is the role of a line manager in Human Resource Management. Mangers in any type of business are so vital as they control what happens in the background, whether it being with fellow employees or their head of office. 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The organizational structure of a company will influence how a company organizes said company’s resources in which the company’s Human resources Management will play a major roleRead MoreDifferentiate Between Personnel Management And Human Resource Management1500 Words   |  6 Pages1.1. Differentiate between personnel management and human resource management Human Resource Management (HRM) is the purpose within an organization that aims to recruit, manage and provide directions for the people who work in an organization. The HRM department members supply the understanding, training, coaching and management advice, this allows the rest of the organization to operate successfully. 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Human Resource Development contains many opportunities for â€Å"employee training, employee career development, performance management and development, coaching, mentoring, succession planning, key employee identification, tuition assistance, and organization development.† Human resources take the part of a vital role in developing a business’s