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How would you organise your People in your Business?
Member rating: No Rating | Words: | Submitted: Mon Jun 06 2005
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How would you organise your People in your Business? Human resource management is the responsibility of using and developing the organisation's personnel in the most productive way. The basic functions of human resource management are; workforce planning, recruitment, training and development, appraisal, and reward systems. In my opinion the workforce is the most valued asset, who individually and collectively contribute to the achievement of company objectives. Workforce planning is an important area of HRM. It ensures that the firm has the right number of staff, the right quality, in the right place and at the right time. A workforce strategy must be set, which is influenced by supply and demand. If the supply of labour exceeds the firm's demand I would make redundancies or staff may be redeployed or retrained. If the demand for labour is greater than the labour supply recruitment costs will rise. A well-organized business will have forecasts...
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