Fhrm Question One Hrm Theorists Argue That Employees Are Assets

1847 words - 7 pages

FHRM Question one HRM theorists argue that employees are assets and not just costs!!! What is HRM? What exactly is 'human resource management'? Many people find HRM to be a vague and elusive concept, and the reason being that it seems to have a paradoxes of meanings and theories.Human Resource Management (HRM) is an extension of the idea of personnel management, not so long ago, under personnel management, issues such as bonus schemes, personal matters, salaries and social matters, was the role of the personnel department.However, under HRM, such matters are handled or delegated to line managers in all departments. Those that believe in the use of HRM argue that if workers are to contribute fully to the organisation, they must be developed on a personal and individual basis, such development is the responsibility of the line managers, who are excepted to bring out the best out of their workers.HRM employs the techniques of strategic management for the deployment of human resources, it focuses on the organisation?s, as a business concept, concern with achieving its main objectives, such as maximising profits and containing costs. HRM aims for a perfect relationship between the business overall objective and recruitment, performance assessment, reward management, development and dismissal.Divergence and convergence of HRM theories.Human Resource Management is a philosophy of people management based on the belief that human resources are uniquely important to sustain business success. An organisation gains competitive advantage by using its people as assets effectively; that is reached by using their expertise and ingenuity to meet clearly defined objectives. HRM is aimed at recruiting capable, flexible committed people, managing their performance and developing key competencies HRM approaches can be divided into two notions, ?soft HRM ? and ?hard HRM?, the soft HRM endeavours to treat employees as valuable resources whilst ?hard? emphasises on quantitative, calculate and strategic aspects of a corporation.The hard HRM is a view is associated with the Michigan Business School and the soft ides is echoed by the Harvard model theory.The Michigan model has a hard perimeter, holding that employees are resources in the same way as any other business resource.This philosophy is supportive of the perception that workers are a broad organizational requirement just like quality or efficiency. Personnel policies and organization structures have to be managed in a way that is fitting with the overriding organizational strategy, the organisation is considered effective where there is a tight lead between human resource and business strategies.The Michigan theorists appreciate the importance of issues such as selection, performance appraisal, rewards and development and overlooks other subjects such as motivation factors Viewing employees as costs rather than assets belongs to the hard HRM section, however such concept contradicts the very principle of HRM as it...

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