Human Resources A Business - 1272 Words

Human Resources: A Businesses Edge to Prosperity In the Early 1900 s companies were beginning to take serious notes in their productivity. Looking into employee absenteeism, training, and turnover rates led the companies to see the importance of the workers and the management of which to use them. In the 1970 s the true introduction of Human resource management was developed and allowed the growth of large organizations that according to CreativeHRM said: a new wave of globalization has begun. Since the introduction of HRM, many researchers and academic writers viewed HR as non-beneficial. Authors like Bernard Marr has said in an article called Why We No Longer Need HR Departments that even the name itself cannot be taken seriously†¦show more content†¦An in-house expert knows its human resources and how to implement them for their bottom line. Edward Lawler says in his book Achieving Strategic Excellence: An Assessment of Human Resource Organizations HR effectiveness is designing the organization structure to implement st rategy, designing the criteria for strategic success, and deciding among the best strategy.(Lawler93). Implementing human capital value and budgets for business can increase the knowledge of what a company s expenditures are and what the budget must consist of. HR can trim the excess of workforce management, negotiate wages, construct vacation times, and health care benefits. An earlier study in 1999 by the USC investigators report, showed that companies that used employee involvement, seen a return of 66 percent boost in return sales, 20 percent boost in return on assets, 20 percent increase on return on investments, and 13 percent higher return on equity. As HRMatters says that companies are doing away with HR departments, the writer states that this may be due because Companies cut their departments because it seems cost-effective to do so in the short term. However, in the long term, companies suffer when other departments are forced to perform the same duties at a substandard level. Understanding that employees just aren t resources, HR knows that improving the satisfaction of its