MN7181 - People and Organisations: Principles and Practice in Global Contexts - 1

The Importance of HRM

HR is a crucial area for the operations of a company. It is responsible of the company’s greatest asset “employees”. Survival and success of a company solely depends on the employees of an organization and HR plays an important role in doing so.

An organization/company consists of mainly managers and employees, resulting in HR to be judged from two perspectives when an issue rises, a manager’s and employee’s point of view. Below are a few aspects that can be looked at from both perspectives.

Importance of HR for Managers

1.       Training & Development of Managers

HR assist managers to be better managers. They provide them with the proper guidance, and necessary coaching, identifying areas of developments to be developed with the help of suitable resource personnel and through the experience gained through the years of practice. Managers also need to have the competency to manage subordinates to get the best out of the employee for the betterment of the company’s progression, hence training is vital.

2.       Right hiring 

Right recruitment of employees is important for a company. This ensures that the business would grow towards success rather towards downfall. With the number of years an HR professional has in the respective field, they have enough experience in the selection process, which assists the managers with selecting the correct candidate for the relevant opening.

Importance of HR for Employees

"The organization is, above all, social. It is people" (Peter Drucker, nd). Similar to managers, employees too benefit when their managers are well trained, and when the right recruitments are made.

When managers are trained and developed, managers have the ability to drive the employees to achieve the goal rather than finding their way to reach haphazardly. When the right recruitment is made, the senior employees along with the freshers’ can work hand in hand, rather to have incompetent freshers and increase the workload for the existing employees.

Reference:

https://www.payscale.com/compensation-today/2009/04/why-is-hr-important
https://www.poppulo.com/blog/why-is-human-resource-management-important-to-all-managers/
http://www.humanresourceexcellence.com/importance-of-human-resource-management/