Question

Describe the three (3) “guiding principles” at the foundation of the human resources management.

Answer 1

The most valuable component of an organization is it’s resources. Sustainable resource help an organization build competitive advantage by producing product better than it’s competitors. HRM role is to help an organization to build and sustain a workforce than meet business need of the organization. A sustainable a well skilled workforce help an organization perform better than it’s competitors build competitive advantage over competitors.

Organization can establish business strategy to build and nurture the workforce. Following are guiding principle of HRM that can help organization to improve competitive advantage-

1. Recruitment of highly capable workforce- Highly capable work reefer to the workforce who are having modern day skill and the skill match organisation present and future requirements.
2. Work life balance and constant motivation of the workforce- Maintaining work-life balance of all the employee which make a sustainable workforce.
3. Maintaining transparent performance management system- All the management system should be transparent, especially the performance management system , otherwise it will cause grievance in the organisation.

HR is always linked with achieving overall organization goals and strategies. HR done it in all phases like- recruitment, talent development, appraisal process and taking care of employees.

Business build it policies based on organization end objective. For an example if organization is working toward becoming a analytically driven , HR will recruit people with prior analytical experience and making training schedule to make employee aware of analytical tool and approaches.