With today's workforce becoming increasingly diverse, Human Resource managers are having to stay ahead of the labour force start implementing more ways to maximize the benefits of employees in order to get what they need from it resources.
Organizations are relying on their skilled managers to get the people who get the job done, and of course, make the company more profitable. But that is not always the most important aspect of running a business. People are. People have always been central to organizations, but today their strategic importance is growing in knowledge-based business world like never before. An organization's success increasingly depends on the knowledge, skills, and abilities of its employees. Without them they would surely fail. Particularly, how a company is run, and how they treat their employees and customers help set the core competencies, which distinguish one organization from its competitors. .
An organization has to be able to do a good job of managing their human capital, which is the knowledge, skills, and capabilities that add value to the organizations. Managers must develop strategies for identifying, recruiting, and hiring the best talent available. Once they get these individuals they must make them valuable assets to the company. They must develop these individuals in ways that are specific to the needs of their individual firms and encourage them to generate new ideas while familiarizing them with the company strategies. They must also be willing to share information, and encourage them to give feedback to new or old ideas. .
Human Resource Management is based on ideas and techniques developed to enhance worker motivation, productivity and performance. .
The HRM model emphasises: .
the need to search for new ways of working .
the central role of managers in promoting change .
the treatment of workers as individuals rather than part of a collective workforce .
