Human Resources Management in the 21st Century

Human resource management consists of the attraction, selection, retention, utilization, motivation, rewarding, and disciplining of employees in organizations-in short, the management of sight at wrench. During the last century or so, levelheaded shifts set about occurred in the industrial mix of the economy, the nature and outcome of competition, and the types of work that employees perform. In particular, economic activity has shifted from agriculture to manufacturing and from manufacturing to services, with much and to a greater extent employees performing relatively higher level analytical, professional, and adept work, and few employees performing relatively low-level, low-skill, and manual work. In the backwash of these shifts, it has release common for businesses to claim that they (increasingly) compete based on quick-witted or mane nifty rather than tangible capital or hard assets (Pfeffer, 1994). The accent human resource management, which supplanted the fo regoing personnel management, conveys a sentiency of these shifts in that employees-people-are viewed as resources whose expeditious management can positively channel to organizational success. In this sense, human resources are akin to customers, monetary resources, operating systems, and technology, for each one of which constitutes a main input into organizations, which whence mix and change these inputs for the purpose of producing major outputs-generically, goods and services and combinations thereof. The measuring rod and graphic symbol of such goods and services are constrained by (ope gait inside the context of) an organizations strategic objectives. In companies, these objectives typically imply rate of return on invested capital, revenue growth, market deal and, if publicly traded, share price. As with other inputs or assets, therefore, human resources moldiness be managed strategically for the longer term and not hardly operationally for the short term or on a day-to-day basis. This view of human reso! urce management understandably indicates that those who lead and manage business (and nonbusiness) enterprises as well as... If you compliments to get a full essay, outrank it on our website: BestEssayCheap.com

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