Human resource management Essay Example | Topics and Well Written Essays - 2000 words - 4

Human resource management - Essay ExampleThe Harvard arise is rooted in the piece resource relations tradition, and supports the view that people kindle fascinate the outcomes of strategy. It employs the multiple stakeholder models. Employees are seen as having interests along with other stakeholders such as shareholders, management, unions, and government.HRM has four policy areas, which essential be addressed. They are human resource leads, reward systems, employee influence, and work systems. Human resource flows involve managing the flow of people into organisation (recruitment, selection), through the organization (placement, appraisal, promotion), out of the organization (termination). HR policy must master the right mix and number of staff through resourcing and developing employee competences. Reward systems cover pay and benefits designed to attract, motivate, and keep employees. Employee influence is concerned with controlling levels of authority, power, and decisio n- making. Work systems involve defining and designing jobs, so that the accord of people, information, and technology provide the best outcomes. These policies are designed to achieve the crucial goals of commitment, congruence, competence, and cost effectiveness. The Harvard approach too emphasizes a belief in an organizations people as assets rather than costs. People can be allocated in order to obtain maximum efficiency. Their efforts can be directed towards particular objectives and their competences true to achieve the highest quality work. Time spent on training and development is an investment in a firms human capital. Human capital is the body of knowledge, skills, and experience possessed by an organizations people. According to this viewpoint, investment in people provides long-term benefits for an organization. Every business consists of physical, financial and human resources but