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HRM: Key to Competitive Advantage

Human resource management is important for three key reasons: it can provide a significant competitive advantage, it is an important part of organizational strategies, and it can significantly improve organizational performance. High-performance work practices include self-managed teams, decentralized decision-making, training programs, open communication, performance-based compensation, staffing based on fit, giving employees more control, increasing access to information, and flexible job assignments. The functions of HRM are to identify and select competent employees, provide training and skills development, and ensure retention of top performers. External factors like the economy, unions, laws and regulations, and demographic trends can also influence the HRM process within an organization.

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Aulia Dyah Rahmayanti
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74 views5 pages

HRM: Key to Competitive Advantage

Human resource management is important for three key reasons: it can provide a significant competitive advantage, it is an important part of organizational strategies, and it can significantly improve organizational performance. High-performance work practices include self-managed teams, decentralized decision-making, training programs, open communication, performance-based compensation, staffing based on fit, giving employees more control, increasing access to information, and flexible job assignments. The functions of HRM are to identify and select competent employees, provide training and skills development, and ensure retention of top performers. External factors like the economy, unions, laws and regulations, and demographic trends can also influence the HRM process within an organization.

Uploaded by

Aulia Dyah Rahmayanti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Why is Human Resource

Management important?
THREE
REASO
NS:

It is a significant source of
competitive advantage
It is an important part of
organizational strategies
To significantly improve
organizational performance

High-performance work practices are work practices


that lead to both high individual and high organizational
performance
Self-managed
teams

Decentralized
decision
making

Training
programs to
develop
knowledge,
skills, and
abilities

Open
communication

Performancebased
compensation

Staffing based
on personjob
and person
organization fit

Giving
employees
more control
over decision
making

Increasing
employee
access to
information

Flexible job
assignments

Extensive
employee
involvement

Functions of HRM Process


Ensuring that competent
employees are identified and
selected.
Providing employees with up-todate knowledge and skills to do
their jobs.
Ensuring that the organization
retains competent and highperforming employees.

HRM Process

External Factors That Affect the HRM


Process

Economy

Employee
labor
unions

Governme
ntal laws
and
regulations

Demograp
hic trends

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