Research Proposal (Importance of Human Resource of Management)
Introduction: Importance of Human Resource management. Business today is enlarged from manufacturing and selling to placing right people at right position. Human Resource Management provides an international forum for discussion and debate to promote the understanding of the importance of human resource management and people management to business strategy.
Take our 20 best people away, and I will tell you that Microsoft would become an unimportant company (Bill Gates, CEO of Microsoft in Fortune, November 25th, 1996). This clarifies that how important is HRM for the development of business. Through this project I aim to point out the significant role of HRM in companies' success. People get to know how HRM can boost up their business and how the performance of their employees can be improved. In the global recession period HRM could play an important role in reducing the recession.
The study portrays that organizations do not owe their success solely to market realities and sustainable competitive advantages, rather successful companies are those that consider their human capital as their most important asset.
Business tycoons should be aware of what HRM is not. HRM is not just an issue for an organization's HRM department or for HR professionals. It is also the responsibility of leaders and managers, who exercises HR functions with their staff every day. HRM provides managers with skills and tools to enhance their own performance and the performance of their employees. People are often confused with the term HRM, this research intends to eliminate the confusing in understanding HRM.
Literature review: Human resource management (HRM), as defined by Bratton, J. & Gold, J. (2003), "A strategic approach to managing employment relations which emphasizes that leveraging people's capabilities is critical to achieving sustainable competitive advantage, this being achieved...