Essay on Human Resource Management Competencies
Human Resource Management
Instructor: Dr. Jean Gordon
Abstract Today the Human Resources Management (HRM) professional role is integral with the strategic growth of an organization by managing its Human Capital. Human Capital is defined as “the knowledge, skills, and capabilities of individuals that have economic value to an organization (Bohlander & Snell, 2010). According to a recent poll of executives conducted by the Society for Human Resource Management (SHRM), …show more content…
HRM profession and skill set will become increasingly critical to the success of a company.
Differentiation and competitive success is increasingly driven by a company’s ability to hire and develop employees to a specific skill or method of operation and then to also retain those employees. Not only will the HRM profession focus on strategic planning but it will continue to be essential to focus on employees, their concerns, and their needs. With the global economy rapidly shrinking the globe and therefore increasing the number of companies competing for the same individuals, organizations will need to be fierce in creating a value proposition for their employees to ensure that they remain with the organization.
Future Roles in Human Resource Management In addition to the needs for talented staff in a global market, today’s HR professionals must meet the demand for knowledge workers. Technological advances that include the internet, data management, computer networking, etc. have increased the need for workers to possess more advanced skills. According to Bohlander and Snell (2010), the