Hrm/300 Week 1

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Human Resource Management Week 1 Assignment 1. Why do you think is it important for HR to be a strategic partner to the business? HR is an important strategic partner to any business, because it identifies the needs and future needs of the organizations that they are representing. HR is a direct connection to the employee, management and the organization ultimate goals. These ultimate goals are met by the basic functions of HR which are planning, organizing, leading, and controlling. A human resource strategy not only helps direct and plan human resource policies, but it also includes dealing with issues facing an organization in terms of employment, economizing and promotions. These issues are usually based on the affects by market…show more content…
This knowledge means that they will use techniques in recruiting and selecting those adequate and qualified candidates for the required open positions that are available to be filled. Creating a work environment in which employees are productive is essential to increased profits for your organization, corporation or small business. One of the ways this is done is thru adequate training. Training is the process of giving the companies employees the knowledge and skills to complete the job or jobs they were hired for. Another way how an human resource department can make a pleasant environment for employees is through employee development. Development is an extension of training which motivates employees to be more productive. Development provides indicates that there is a possibility for advancement, thus improving work moral. There are several methods in which the human resource department can achieve an improvement in work moral through training. Human resource and companies can establish in-house training and some incentives in which employees will receive training for free or will be compensated after the training is complete. The compensations of the training will be a perk to the employee benefits that is organized by the human resource department. Another perk that may be an option for employees are stock options, tuition reimbursement, and retirement/401k…show more content…
Having unskilled employee in positions is often the cause of a high turnover and most employees can usually be replaced without a company’s lost in productivity. This is the reason why training and development is a vital aspect of the human resource department. Replacing employee is usually results in lost in revenue for the company. Several lost may occur for time it takes for recruiting, staffing, and training for potential employees. Turnover is expressed in most company’s annual percentage of the total workforce, so this is an expense in which the company has to account for. Turnover is no less a problem for major companies, which often spend millions of dollars a year on turnover-related costs. For service-oriented professions, such as management consulting or account management, high employee turnover can also lead to customer dissatisfaction and turnover, as clients feel little attachment to a revolving contact. This will affect the economy health of the company which may trickle down to the employees by way of bonuses, longer work hours, and less
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