...Importance of Human Resource Investment for Organizations and Economy: A Critical Analysis Jan Mohammed∗, Mitho Khan Bhatti∗∗, Ghulam Ali Jariko∗∗∗ & Abdul Wahid Zehri∗∗∗∗ Abstract Human resource is the most crucial asset of an organization. The successful performance of an organization, by and large depend upon the quality of its human resources. The quality of organization’s human resources depends upon the extent of knowledge through training and education they have received and their motivational level. Organizations want to utilize their manpower through human resources management. Human resource development (HRD) is one of the most important functions of human resource management. The aim of human resource development in an organization is to maximize the productivity and increase the return on investment of all the organizational stakeholders. HRD is a combination of organizational endeavors including education, training, development, career planning and development that ensure continual improvement and growth of both the individuals and organizations. The foray of workers entering into public and private sector organizations in Baluchistan from various disciplines has necessitated the need for appraising the Human Resource Development situations in Baluchistan. Therefore this article is an attempt to investigate the human resource situations in the province. Keywords: Human Resource Development, Human Resource Management, Training and Development...
Words: 2397 - Pages: 10
...1924-1933 * Human relations movement * Incorporated human factors into work * 1960s * Integration to organizational behavior HRM according to Peter Drucker * Partly a file clerk’s job * Partly a housekeeping job * Partly a social worker’s job * Partly firefighting, heading off union trouble Strategic Importance of HRM Strategic Importance of HRM (application of key concepts) * Analyzing and solving problems from a profit oriented, not just a service oriented point of view; * Assessing and interpreting costs or benefits of such HRM issues as: * Productivity _ Absenteeism * Salaries and benefits _ Overseas relocation * Recruitment - Layoffs * Training - Meeting and attitude surveys * Using planning models that include realistic, challenging, specific, and meaningful goals; * Preparing reports on HRM solutions to problems encountered by the firm; and * Training the human resource staff and emphasizing the importance of HRM and the importance contributing to the firm’s profits HRM and Organizational Effectiveness Three crucial elements are needed for firms to be effective. * Mission and strategy * Organizational structure * Human Resource Management * Goals in Organizations * Organizational Mission * Mission * The organization’s reason for existence. * Mission Statement * A broadly stated...
Words: 858 - Pages: 4
...Management of Human Resources HR is the key to organizational success or failure. HR policies and practices must be tired to overall organizational strategy. Discuss with examples, how the organization can develop competitive advantage through superior Human Resource Management. In order to ensure organizational success, there are various things to keep in mind. Firstly we need to define the organization strategy. What is an organizational strategy? Kay states that strategy is about the achievement of competitive advantage which, in his view, is based upon an organizational identifying, developing and applying to relevant markets its distinctive capabilities, which are most often derived from the unique character of its relationships with its suppliers, customers or employees.’ The strategy would include aspects such as cost minimization which would involve optimum utilization of resources at minimum possible cost, this a traditional approach, on the other hand an organization could adopt profit maximization strategy which would involve taking risks and thus a more unconventional approach. Typically once the strategy is prepared the focus is on accomplishing these objectives. But how can this be done? Do you remember the first day at work? It’s a mixed feeling of nervousness and excitement. You get all geared up to commence our first assignment and go to the managers cabin and get all the required details of the assignment. But what is the most crucial thing in order...
Words: 1956 - Pages: 8
...appointed human resources manager in an organisation to answer the following question. AC1.1 explain the importance of strategic human resource management in organization. learners need to explain the importance of strategic human resource management and the need for adopting both a medium and long term perspective in respect of human resource management. AC1.2 assess the purpose of strategic human resource management activities in an organization. AC1.3 evaluate the contribution of strategic human resource management to the actievement of an organization's objectives. learners need to assess the purpose of strategic human management and evaluate how it contributes to organizational objectives. the link between corporate strategy and human resource management strategy needs to be made clear to show their interrelationship and how the human resource management strategy supports andcontributes to organizational purposes. Task 2. A human resource plan. the learner works as a human resources manager in an expanding organization. AC 2.1 analyse the business factors that underpin human resource planning in an organization. learners need to analyse the business factors that dictate the need to plan human resources by looking internally at the organization's requirement, as well as considering the influence of external environmental factors. AC 2.2 assess the human resource requirements in a given situation. learners need to assess the human resource requirements...
Words: 607 - Pages: 3
...Manpower planning involves a ‘stocktaking’ of the workforce and its skills; forecasting the future demand and supply of skills; and diagnostic approach so that adjustments can be made to meet organizational and/or country objectives. The essence of the diagnostic approach is in the understanding of the reasons for any imbalance between the supply of and demand for manpower. What is Manpower Planning? Discuss the process and importance of Man Power Planning in an organization . Ans. Manpower planning means planning means deciding the number and type of the human resources required for each job, unit and the total company for a particular future date in order to carry out organizational activities. Manpower planning may be viewed as foreseeing the human resources requirement of an organization and the future supply of human resources and (i) making necessary adjustments between these two and organizational plans and (ii) foreseeing the possibility of developing the supply of manpower resources in order to match it with the requirements by introducing necessary changes in the functions of human resources management. The process of manpower planning in an organization. - Analysing the corporate and unit level strategies. - Demand Forecasting: Forecasting the overall human resources requirements in accordance with the organisational plans. - Supply Forecasting: Obtaining the data and information about the present inventory of manpower and forecast the future changes...
Words: 1618 - Pages: 7
...PRACTICES AND KNOWLEDGE MANAGEMENT: According to Edvardsson (2008) knowledge-oriented human recourse practices can improve firms’ knowledge sharing processes through two different ways. First, firms can use such human resource management (HRM) practices which can provide a foundation for acquiring and encouraging firms’ employees. Second, firms can use such sorts of HRM practices for building an organizational culture that support the knowledge capture, transfer, and use. Chen and Huang (2011) stated that HRM practices and policies are the key sources by which organizations can influence on the individuals’ behaviors, attitudes, and skills. In this fast-growing environment, where flow of information resources or knowledge transfer processes...
Words: 1309 - Pages: 6
...Contents Organizational justice: 1 1: Distributive justice: 1 2: procedural justice: 2 3 interactional justice: 2 Importance of organizational justice: 2 CONDITIONS OF ORGANIZATIONAL JUSTICE IN PAKISTAN 3 Organizational citizenship behavior: 3 Definition and concept: 3 Kinds of organizational citizenship Behavior: 3 Altruism: 3 Conscientiousness: 4 Civic virtue: 4 Importance of organization citizenship behavior: 4 Organizational justice: Organizational justice shows the thinking of the employees that are working in the organization how they are being treated fair or unfair. Organizational justice word was first used by green burg (1987) which reflects the behaviors of individuals towards fair practices in the organization. Justice define the action or judgement that is ethically and properly right in terms of injustice we can take an example of a women doing the same job as a man can do but getting the low salary. This play an important in role in making organization reputation and their working environment. Their behaviors are also associated with their working environment, and the main thing the job satisfaction and their attitudes towards the company development if organizational justice is not there in any organization their overall working environment and all the things are being disturbed, turnover is on high and the workers who are worthy will leave the organization and organization have really impact of it and there will be the culture...
Words: 1618 - Pages: 7
...Introduction The human resources of an organization consist of all people who perform its activities. Human resource management (HRM) is concerned with the personnel policies and managerial practices and systems that influence the workforce. In broader terms, all decisions that affect the workforce of the organization concern the HRM function. The activities involved in HRM function are pervasive throughout the organization. Line managers, typically spend more than 50 percent of their time for human resource activities such hiring, evaluating, disciplining, and scheduling employees. Human resource management specialists in the HRM department help organizations with all activities related to staffing and maintaining an effective workforce. Major HRM responsibilities include work design and job analysis, training and development, recruiting, compensation, team-building, performance management and appraisal, worker health and safety issues, as well as identifying or developing valid methods for selecting staff. HRM department provides the tools, data and processes that are used by line managers in their human resource management component of their job. What is the focus of HRM department? “The HRM focus should always be maintaining and, ideally, expanding the customer base while maintaining, and ideally, maximizing profit. HRM has a whole lot to do with this focus regardless of the size of the business, or the products or services you are trying to sell.”...
Words: 1108 - Pages: 5
...UNIVERSITY OF BOTSWANA DEPARTMENT OF POLITICAL & ADMINISTRATIVE STUDIES MPA 713 – STRATEGIC PLANNING & MANAGEMENT IN THE PUBLIC SECTOR TERM PAPER Discuss the relationship between strategic planning and strategic management as well as indicate the importance of the latter in the attainment of organizational goals. KEALEBOGA R. MOOKETSI 200301911 Introduction This paper intends to discuss the relationship between strategic planning and strategic management as well to indicate the importance of the latter in the attainment of organizational goals. . In order to lay a proper foundation for the essay, it is important to start by looking at the concept of strategy and linking it to planning and management. Defining Strategy A strategy is a plan of action designed to achieve a specific goal. Strategy is all about gaining (or being prepared to gain) an advantage over adversaries or best exploiting emerging possibilities. According to Jeffrey Pfeffer (1997:4), a strategy is a method or plan chosen to bring about a desired future, such as achievement of a goal or solution to a problem. It can also be defined as the art and science of planning and marshaling resources for their most efficient and effective use. Kvint, Vladimir (2009, pg. 67), defines strategy as “a pattern in a stream of decisions" to contrast with a view of strategy as planning’’ while Max McKeown (2011, pg. 342) argues that "strategy is about shaping the future" and is the human attempt to get to "desirable...
Words: 2200 - Pages: 9
...Pakistan ABSTRACT Researchers have developed a relationship between HRM practices and organizational performance, but the relationship between HRM practice like job analysis – employee Job performance remains unexplored. This paper, based on a study of employees of Pakistan Public sector regulatory authorities of telecommunication, oil and gas, power, media, security exchange, banking sector and organizations being regulated by these authorities is an attempt to develop and test a hypothesized model linking HR importance of job analysis with employee job performance. Survey results of 568 employees indicated that practice of job analysis was strongly related to employee job performance. The findings suggest that an organisation-wide policy of job analysis is an important source of competitive advantage in its own right, and requires due attention of HR professionals. The study extends the findings of the HR–employee job performance research pursued in Western countries to a non-Western context. Keywords: Human resource management; HR practices in regulatory authorities; HR-performance linkage; Job analysis; Job performance; Job satisfaction; Job retention; Recruitment Process; Knowledge, skills and abilities INTRODUCTION I n western countries human resource management (HRM) research has shown a shift from microanalytical approach (individual performance) to a macro-strategic (organizational performance) perspective but in a country like Pakistan micro level approach is yet...
Words: 11718 - Pages: 47
...Week One Student Guide In week one, you study team and organizational communications, as well as review the connection between culture and communication. In addition, students examine virtual communication methods, group communication competencies, and team skills, Students discuss dealing with difficult team members and the role of conflict in group communication. This foundation is critical for students’ understanding of the concepts to be discussed in later weeks. This week, you discuss and define communications. Why might you communicate in teams or groups? Why might you communicate internally in your organization, or externally with vendors and customers or other external stakeholders? When might you communicate informally and formally? How does conflict affect communication? You begin to discuss how conflict affects communication and why you might adapt the form of communication to the recipient. Organizational Culture and Communication OBJECTIVE: Use the tools available to University of Phoenix students. Resources: Student website Content • E-Book Collection • Center for Writing Excellence located on the Materials section of your student website o Plagiarism Checker o WritePoint o Tutorials and Guides • Sample Paper • Writing and Style Guides • University of Phoenix Writing and Style Guidelines • Learning Team Toolkit o Learning Team Charter o Toolkit Essentials • University...
Words: 683 - Pages: 3
...SAMUEL MWANGI REG. NUMBER: L50/68096/2011 DATE OF SUBMISSION: 18TH FEBRUARY, 2012 TABLE OF CONTENTS Introduction ………………………………………………………………………………….3 Managerial Roles …………………………………………………………………………….4 Importance of Management to an Organization …………………………………………..…7 Conclusion ……………………………………………………………………………………8 REFERENCES ………………………………………………………………………………9 ROLES AND IMPORTANCE OF MANAGEMENT AS A RESOURCE TO AN ORGANIZATION 1. INTRODUCTION Management is a necessary evil of any business. It provides the leadership and administration that will ensure that the organization runs the way that it should. According to the online business dictionary (2011), management is defined as the organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of defined objectives. It is the process of using organizational resources to achieve organizational objectives through planning, organizing and staffing, leading, and controlling. Management is an essential factor of production along with machines, materials, and money. As a discipline, management consists of the interlocking functions of formulating corporate policy and organizing, planning, controlling, and directing an organization's resources to achieve the policy's objectives. Management can also imply the directors and managers who have the power and responsibility to make decisions to manage an enterprise. According to Henry Mintzberg (2009: p9-12) management...
Words: 2801 - Pages: 12
...4. CONTROLLING. PLANNING: Planning involves choosing tasks that must be performed to attain organizational goals, outlining how the tasks must be performed, and indicating when they should be performed. Planning activity focuses on attaining goals. Managers outline exactly what organizations should do to be successful. Planning is concerned with the success of the organization in the short term as well as in the long term. ORGANIZING: Organizing can be thought of as assigning the tasks developed in the planning stages, to various individuals or groups within the organization. Organizing is to create a mechanism to put plans into action. People within the organization are given work assignments that contribute to the company’s goals. Tasks are organized so that the output of each individual contributes to the success of departments, which, in turn, contributes to the success of divisions, which ultimately contributes to the success of the organization. INFLUENCING: Influencing is also referred to as motivating,leading or directing.Influencing can be defined as guiding the activities of organization members in he direction that helps the organization move towards the fulfillment of the goals. The purpose of influencing is to increase productivity. Human-oriented work situations usually generate higher levels of production over the long term than do task oriented work situations because people find the latter type distasteful. CONTROLLING: Controlling is the following roles...
Words: 595 - Pages: 3
...CHAPTER 1 * 1. 1- 1- Organizational Theory, Design, and Change Sixth Edition Gareth R. Jones Chapter 1 Organizations and Organizational Effectiveness * 2. What is an Organization? Organization: a tool used by people to coordinate their actions to obtain something they desire or value Organizations provide goods and services Organizations employ people Organizations bring together people and resources to produce products and services Basically, organizations exist to create value Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall * 3. How Does an Organization Create Value? Value creation takes place at three stages: input, conversion, and output Each stage is affected by the environment in which the organization operates Environment – the set of forces and conditions that operate beyond an organization’s boundaries but affect its ability to acquire and use resources to create value Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall * 4. Figure 1.1: How an Organization Creates Value Copyright 2010 Pearson Education, Inc. Publishing as Prentice Hall * 5. Why Do Organizations Exist? People working together to produce goods and services create more value than people working alone 5 major reasons why organizations exist: To increase specialization and the division of labor Division of labor allows specialization Specialization allows individuals to become experts at their job To use large-scale technology Economies of scale: cost...
Words: 985 - Pages: 4
...Organizational Structure Presentation Outline Linda Atkinson, Pamela Booth, Patricia Callander, Tomeka Moore, Whitney Sloan HCS/325 May 13, 2011 Vivian Perez Organizational Structure Presentation Outline I. Introduction A. B. II. Impact of organizational structure on communication A. Resources and people work together to accomplish goals 1. Organizational chart identifies positions, job title, authority, etc. 2. Shadow organizational structure-informal structure B. Type of organizational structure used affects communication 1. Types of structure: matrix, functional, and divisional 2. Advantages and Disadvantages of each C. Internal and External factors 1. Size 2. Location 3. Services provided D. Importance of communication 1. Communication effects organizational structure 2. Success of the organization III. Steps involved in organizational planning and functions of management A. Process of transforming organizational objectives into specific management strategies and tactics designed to achieve the objective. B. Five steps that are used to properly plan and implement change within the organization C. Steps can be used...
Words: 619 - Pages: 3
