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Human Resource Management and Business Growth

In: Business and Management

Submitted By rambo143
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HUMAN RESOURCE MANAGEMENT AND BUSINESS GROWTH
As business organisations move further into the twenty-first century, Sims (2002: 13) asserted that it is becoming absolutely clear that the effective management of an organisation’s human resources (HR) is a major source of competitive advantage and may even be the single most important determinant of an organisation’s performance over the long term. With the integration of HR issues with business issues and of human resource processes with management processes, it is only logical that the HR staff function should be integrated with the business organisation, rather than being a separate entity. Companies are radically restructuring the HR function and redefining its roles. According to Gunnigle, Heraty and Morley (2002: 2), the objectives of integrating it with business strategies include reducing overhead expenses, focusing time and resources on activities that add the greatest value to the business; reducing attention given lower value activities, aligning staff more closely with the business, as part of the management team at each level and addressing important people-related business issues more effectively.
For a sole trader who wishes to grow the business through engaging the services of additional people, it is of foremost importance that the business owner review his or her recruitment and selection policy and all the associated documentation including job descriptions and personnel specifications, application forms etc. as any changes in a step in the process will have a knock on effect in the next stage, if he or she desires to comply with the existing laws on human resource management especially in the area of selection and recruitment. Compliance with law of human resources organisational procedures is vital because there can be considerable risk of making mistakes, pursuing risky strategies, and putting…...

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