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The following article was published in our article directory on December 16, 2011.
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Article Category: Business
Author Name: chickie maxwell
It is generally accepted that taking down a moving target is a difficult task, even in an environment further than shooting per se. In fact, anything which involves setting up aims or goals can can benefit from this old chunk of insight. Business firms, or any organization for that matter, find goal setting a routine activity . However, since people in the organizations implement the objectives against which efficiency is assessed, human resource management constitutes the hook, line, and sinker of overall organizational performance. After all, human resources are the most valuable capital of a company.
Human resource management involves more than just the publication of the employee manual and the operational policies. The management of human resources is not a dormant function, but rather a active role. Even the core principles of management which derives largely from the works of world-renowned business guru Peter Drucker is being constantly updated. In fact, human resource management needs to regularly reinvent itself to guarantee that the best practices are attuned to the current requirements of the firm. Hence, a constantly evolving strategy formulation and implementation is a key factor for the managers of an organization's most critical assets to continuously focus their energies into.
In the present context of business and commerce, the eventuality of industry crises, economic depression, bank failures, company closures and bankruptcies, and other turmoil in global business operations can not be discounted . History bears silent witness to corporations, big and small, stumbling and falling. The business world, however, displayed resilience to the impact of such calamitous events with unorthodox and sometimes peculiar decisions, all in the name of survival. Changes are an unavoidable feature of management and the human resource department should welcome dynamicity as a remedy to the unpredictable nature of today's business environment.
Dynamicity requires that the human resource department adjusts the company's program of benefits to make up for increasing costs. Likewise, productivity and efficiency can be ensured by retaining employees who have displayed a consistent reputation of excellence and dedication. The department should also steadily update their recruitment strategies and policies to attract new employees who can inject fresh perspectives from advanced studies or substantial experience with the industry leaders. Succession plans must be a responsive to the changing needs of the company. Continuing professional and skills development should be a primary concern of the human resources department to preserve the match between employee competency and skills with their corresponding job roles.
With the unprecedented developments and the fast changing context of national and global commerce, aiming for the organizational targets would have to exploit practices blending dynamicity and foresight. As global performance standards are improved, human resource management should play an active and dynamic role in enhancing organizational standards. The contributing role of resource management in creating value and impact on organizational outcomes places human resource management at the heart of a dynamic organizational culture. A positive organizational culture is largely a product of excellent management practices. Thus, employees should be constantly goaded to hit the company target by moving along with it.
Keywords: human resource management
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