This essay focuses on Human Resource Management respond using research from Journal Articles to validate your response. Discuss the laws that govern wages, pensions, and employee compensation.
Firstly, respond using research from Journal Articles to validate your response.
Secondly, Discuss the laws that govern wages, pensions, and employee compensation.
Thirdly, Instructions This response should be 2 pages, use Times New Roman, Font 12 and APA 6th edition
Human Resource Management focuses on principles, methods, and technologies that are use to improve the productivity of an organisation.
HR specialists achieve this through strategies and policies that increase the effectiveness of employees.
Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them.
As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations.
In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings,
and making sure forms were filled out correctly—in other words,
more of an administrative role rather than a strategic role crucial to the success of the organization.
Jack Welch, former CEO of General Electric and management guru, sums up the new role of HRM:
“Get out of the parties and birthdays and enrollment forms.… Remember, HR is important in good times, HR is defined in hard times” (Frasch, et. al., 2010).
It’s necessary to point out here, at the very beginning of this text, that every manager has some role relating to human resource management.
Just because we do not have the title of HR manager doesn’t mean we won’t perform all or at least some of the HRM tasks.
For example, most managers deal with compensation, motivation, and retention of employees—
making these aspects not only part of HRM but also part of management.
As a result, this book is equally important to someone who wants to be an HR manager and to someone who will manage a business.