Research suggest that recruiting a front line employee may cost as much as one and a half times their annual benefit, whilst recruiting an executive will cost more than twice their annual benefits (Fisher et al). ... If HR departments were to remain as bureaucracies with nothing more than an administrative function, Stewart was probably spot-on in his thinking. HRM now has a more strategic function and attempts to align HR practices with the vision, mission and goals of the company. Fisher et al, state that a company with world class HRM practices perform the following functions; Planning ...

• Word Count: 3178
• Approx Pages: 13
• Grade Level: Undergraduate