The Importance of Human Resource Management in Modern Organizations
Companies in the fast-paced business world need excellent Human Resource Management (HRM) strategies to stay competitive. Undeniably, HRM should be considered one of the most important functions of an organization. That is because it has multiple key purposes in ensuring new and existing workers are on board with the organization’s goals, staying productive and contributing to the creation of value for the company. This paper will dive into the core benefits of HRM and give a detailed overview of the academic perspective on the importance of being equipped with excellent Human Resource Management. Recruitment and Selection Another primary function of HRM is recruiting and selecting the right people; and good selection policies ensure that the best people join the organizations, which is important for maintaining competitive advantage. Specifically, Breaugh and Starke (2000) state that strategic recruitment processes are designed to seek out competent employees who fit i