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

Human resource management - Essay ExampleThe Harvard approach is rooted in the human resource relations tradition, and supports the look out that people can twist the outcomes of strategy. It employs the multiple stakeholder models. Employees argon seen as having interests along with other stakeholders such as shareholders, management, unions, and government.HRM has four policy areas, which must be addressed. They are human resource flows, reward systems, employee influence, and work systems. Human resource flows involve managing the flow of people into organization (recruitment, selection), through the organization (placement, appraisal, promotion), out of the organization (termination). HR policy must ensure 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 decision- making . Work systems involve defining and designing jobs, so that the arrangement of people, information, and technology provide the best outcomes. These policies are designed to achieve the important goals of commitment, congruence, competence, and cost effectiveness. The Harvard approach also 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 developed to achieve the highest quality work. Time spent on training and ontogenesis is an investment in a firms human capital. Human capital is the body of knowledge, skills, and experience possessed by an organizations people. gibe to this viewpoint, investment in people provides long-term benefits for an organization. Every business consists of physical, financial and human resources but