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 lot at give-up the ghost. During the last century or so, levelheaded shifts take 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 more(prenominal) employees performing relatively higher level analytical, professional, and adept work, and fewer employees performing relatively low-level, low-skill, and manual work. In the backwash of these shifts, it has stimulate common for businesses to claim that they (increasingly) compete based on rational or mane p each(prenominal)y rather than tangible capital or hard assets (Pfeffer, 1994). The accent human resource management, which sup planted the front personnel management, conveys a sentiency of these shifts in that employees-people-are viewed as resources whose progressive management can positively channel to organizational success.

In this sense, human resources are akin to customers, monetary resources, operating systems, and technology, each of which constitutes a main input into organizations, which whence mix and translate these inputs for the purpose of producing major outputs-generically, goods and services and combinations thereof. The measuring rod and forest of such goods and services are constrained by (ope array deep down the context of) an organiz ations strategic objectives. In companies, t! hese 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 must be managed strategically for the longer term and not near operationally for the short term or on a day-to-day basis. This view of human resource management clear indicates that those who lead and manage business (and nonbusiness) enterprises as well as... If you requisite to get a full essay, outrank it on our website: BestEssayCheap.com

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