Essay About Importance Of Human Resource Management And Firm Performance Improvement

Importance of Human Resource Management in Organization
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Importance of Human Resource Management inOrganization?P.C. PAULPrepared By: Paul, Prakash Chandra               ID: 13-23388-1       Section: E                                              AbstractHuman Resource Management is deals with the process of managing people in organizations through hiring people, training and development, compensation, retention of people and through other human resource activities. Changing competitiveness in the global markets has created new challenges for business organizations as well as individuals. To cope with this changing environment, human resource management (HRM) practices are expected to play a more vital role in firm performance improvement. To sustain the high level of competitive advantage a firm requires talented and skilled workers has found that organizational productivity and high performance depends on the selection of the right person, which is also a pathway to reduced turnover. HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training. The role of human resource decisions in creating and sustaining organizational performance and competitive advantage. The standpoint of this study emphasizes the important role of innovation performance and environmental performance when addressing the link between human resource management and organizational performance.AcknowledgementI would like to thank those students who support me for helping the research report and dedicated his valuable time for the survey. Also I would like to express my deepest appreciation to all those who provided me the possibility to complete this survey. Finally I would also like to thank our honorable faculty Dr. Md. Faruque Hossain sir for guiding me to complete the whole research paper.                                                                                   Table of Content No                               Topic