Human Resource Case Study

1213 Words 5 Pages
Human resources is important in any business, and managing human resources takes talent, skill, experience and an understanding of human behavior. Human resources starts with the best human resource managers. The company is only as good as who you surround yourself with, and Human Resource Managers need to know how to hire and retain the best employees so that the company can grow. A company cannot build a good team of working professionals without good Human Resource managers who fully understand the organization’s Business Plan and ensuring the alignment of the management’s goals. Human resources is important to organizations in areas such as compensation, benefits, safety, liability, training and development, employee satisfaction, recruitment, …show more content…
Her job entails ensuring the effectiveness of all compensation programs, ensuring the efficiency and accuracy of the data for the pay and benefits programs. She also facilitates the structure of pay levels, salaries, and incentive programs. Theresa says, “You must have knowledge of federal, state, and local employment, wage and salary laws and regulations and the ability to interpret as well as advise on the application of EEO/AA laws. This knowledge is important because they are ever changing and if misinterpreted could lead to compliance or legal issues.” State Street tries to hire from within the company. This is a good strategy because internal candidates have already proven themselves as valuable workers, they know the company and are onboard with their mission and understand their culture. This is good for the organization, because it is seen as caring for the needs of their employees first. When hiring from within, companies can save on relocation costs, advertising for the new position, and other expenses such as …show more content…
Theresa says, “I started out without a college education and had no work experience in financial institutions or human resources. I worked my way up and discovered along the way that everyone in this company contributes to it in an important way, even if they are just starting out.
“I started as a Portfolio Manager, which has more to do with managing assets, but some of my job’s duties do overlap, such as maintaining a strategic view of the business objectives and how various projects fit within those objectives. I am responsible for prioritization and making decisions, deciding which projects to execute and what resources to assign to each project. " The future does make me fearful though because there are many companies now outsourcing different functions such as Human Resources. This is just the way businesses are headed to cut

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