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            12- Human Resources

 

Student´s name: Rafael Ricardo Ávila Pérez

Nua 901954

 

 

Task 1 Human Resources


Define Human resources. Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century. (KENTON, 2020)


What is the role of human resources? Define in detail.

The presence of an HR department is an essential component of any business, regardless of the organization's size. An HR department is tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce. HR responsibilities include compensation and benefits, recruitment, firing, and keeping up to date with any laws that may affect the company and its employees.

 

Research conducted by The Conference Board, a member-driven economic think tank, has found six key people-related activities that HR must effectively do to add value to a company.

These include: Managing and using people effectively

Tying performance appraisal and compensation to competencies

Developing competencies that enhance individual and organizational performance

Increasing the innovation, creativity, and flexibility necessary to enhance competitiveness

Applying new approaches to work process design, succession planning, career development, and inter-organizational mobility

Managing the implementation and integration of technology through improved staffing, training, and communication with employees (KENTON, 2020)


What is Capital? Capital is a broad term that can describe any thing that confers value or benefit to its owner, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual. While money itself may be construed as capital is, capital is more often associated with cash that is being put to work for productive or investment purposes.

In general, capital is a critical component of running a business from day to day and financing its future growth. Business capital may derive from the operations of the business or be raised from debt or equity financing. When budgeting, businesses of all kinds typically focus on three types of capital: working capital, equity capital, and debt capital. A business in the financial industry identifies trading capital as a fourth component. (HARGRAVE, 2021)


In your opinion, is human resources necessary? Explain.

In my opinion, human resources are very necessary, since through them a successful selection of employees can be made, likewise they can mark the employee's profile but also give an identity of the type of company through their employees who have hired


What are the main areas of Human resources?

 

1.            Recruiting and staffing employees

2.            Employee benefits

 3.           Employee compensation

4.            Employee and labor relations

5.            Human resources compliance

6.            Organizational structure

7.            Human resources information and payroll

8.            Employee training and development                                                                          (Indeed, 2021)


Define Human resource management.

Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is often referred to simply as human resources (HR). A company or organization's HR department is usually responsible for creating, putting into effect and overseeing policies governing workers and the relationship of the organization with its employees. The term human resources was first used in the early 1900s, and then more widely in the 1960s, to describe the people who work for the organization, in aggregate.

 

HRM is employee management with an emphasis on those employees as assets of the business. In this context, employees are sometimes referred to as human capital. As with other business assets, the goal is to make effective use of employees, reducing risk and maximizing return on investment (ROI).

 

The modern HR technology term human capital management (HCM) has been used more frequently compared to the term HRM. The term HCM has had widespread adoption by large and midsize companies and other organizations of software to manage many HR functions. (Chai, 2020)


What are the main responsibilities of a Human Resource Manager? Define them in detail.

 

-Help the organization achieve its goals by providing and maintaining productive employees.

-Efficiently make use of the skills and abilities of each employee.

-Make sure employees have or receive the proper training.

-Build and maintain a positive employee experience with high satisfaction and quality of life, so that employees can contribute their best efforts to their work.

-Effectively communicate relevant company policies, procedures, rules and regulations to employees.

-Maintaining ethical, legal and socially responsible policies and behaviors in the workplace. (Chai, 2020)

 


Which of the responsibilities you mentioned in the previous questions do you think is the most challenging or a HRM? Why?

I believe that Make efficient use of the skills and abilities of each employee. It is the most complex since each employee has many and different skills, to make the employees' work efficient, it is necessary to know each one in depth, as well as their skills and aptitudes, for this, the human resources manager must be very attentive, knowing each employee well and knowing how to interpret the actions of each member of the company

 

What are the most important skills of a Human Resource Manager?

Skill #1: Communication

Skill #2: Organization

Skill #3: Tech Savvy

Skill #4: Flexibility

Skill #5: Patience

Skill #6: Negotiation

Skill #7: Ethical Actions

Skill #8: Compassion

Skill #9: Commitment

(KARROUM, 2019)

Referencias

Chai, W. (diciembre de 2020). TeachTarget. Obtenido de TeachTarget: https://searchhrsoftware.techtarget.com/definition/human-resource-management-HRM

HARGRAVE, M. (Marzo de 9 de 2021). Investopedia. Obtenido de Investopedia: https://www.investopedia.com/terms/c/capital.asp

Indeed. (17 de Mayo de 2021). Indeed. Obtenido de Indeed: https://www.indeed.com/career-advice/career-development/functional-areas-of-human-resources

KARROUM, M. (13 de diciembre de 2019). Visual Planning. Obtenido de Visual Planning: https://www.visual-planning.com/en/blog/the-9-essential-skills-of-human-resource-management

KENTON, W. (Julio de 28 de 2020). Investopedia. Obtenido de Investopedia: https://www.investopedia.com/terms/h/humanresources.asp

 

 

Comentarios

  1. I agree with you when you mentioned that the most challenging responsibility for a HR manager is finding and fulfilling each person's potential because sometimes they don't even know what they're good or their deficiencies so it can be complicated establishing their profiles.

    ResponderBorrar
  2. I find the skills that the human resources department needs very interesting, however, these should be used in the other departments of the company

    ResponderBorrar
  3. I agree with your answer about which responsibility is more challenging for the human resources manager since it is very important to know who you are hiring, I think it is a very difficult decision to know who to hire and who not, because you don't know if you are hiring to the best for the job, you don't know if he lies

    ResponderBorrar

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