Employees play a central role in the success Coursework Example

Title Name Institution Due date Employees play a central role in the success and longevity of any organization (Aslam, 2013). Firms that hire enough qualified staff have a competitive advantage and perform better than their rivalries. To successfully attain the specified objectives, organizations should utilize evidence-based strategic approaches to managing their human resource. Description of human resource planning According to Aslam (2013), the management of any organization must forecast the workforce required in the organization. After determining the required number and qualifications for every position, the firm then advertises the vacancies. Through interviews, the HR picks the most suited persons who are assigned different roles in the organization. The firm then schedules regular training and development programs aimed at equipping the workers with exceptional skills and traits. Due to better job opportunities in the labor market, some skilled workers may opt to resign in pursuit of greener pastures. As a precautionary measure, the HR must come up with interventions to retain the highly-skilled workers. Jahanian & Modaresi (2014) identified better salary, indiscrimination, reasonable terms of employment, better compensations, and adorable allowances as some of the ways an organization can use to retain employees. The HR is also mandated with ensuring the company does not have more workers than it deserves (Aslam, 2013). Retrenchment and laying off some workers may be necessary during hard economic times. The HR also punishes wayward employees, perhaps through firing them, cutting their salary, or worker displacement. Importance of human resource management. Just like any other factor of production, labor affects the overall performance of the organization. Human resource management is crucial in determining the quantity and quality of human resources required by an organization at the moment and in the future (Jiang et al., 2012).The c...