Human_Resource_Mangement

Human Resource Mangement Human Resource Mangement By: Doug Sheppard Describe and critically evaluate the key factors that shape the role and practices of the HR/Personnel function within an organisation with which you are familiar. On the basis of your analysis identify the main HR challenges currently facing this organisation. Relate your analysis to appropriate literature. Introduction People are an important and expensive resource to a business. This asset has the capacity to be highly productive and generate revenue for the firm, but it also requires much attention and maintenance. When the direct costs of employment are added to the indirect costs of recruitment and selection, training and development, the organisation's investment in an average full-time employee can exceed £100,000 in a short space of time. Therefore one of the fundamental factors is how to attract the right employee and retain their services, gaining efficiency throughout. Before answering the first part of the question “Describe and critically evaluate the key factors that shape the role and practices of the HR/Personnel function within an organisation with which you are familiar”, the differences between HRM and the older style ‘Personnel Management’ requires defining. Human Resource Management HRM can be defined as any part of the management human, resource, management, been, hr, business, hrm, within, training, plant, function, out, through, role, resource, performance, organisation, department, time, employee, recruitment, process, people, numbers, working, unfortunately, reduction, knowledge, industry, service, required, one, now, need, current, costs, person, organisations