Abstract
A company’s most valuable asset is its people. Human resources refer to the people who comprise the organization. The practice of human resource management includes employee recruitment, hiring practices, employee development and retention, discipline, motivation, and to a degree, organizational culture and socialization. Human resource management also involves job or role definitions and clarifying hierarchies and relationships within an organizational structure. Ethical codes and codes of behavior may also be covered under the rubric of human resources management. Human resources departments often operate independently but in conjunction with other departments to create a cohesive strategy for management and organizational structure. Training for human resources management can vary, and often little more than a Bachelor’s degree is required in terms of formal education. Human resources managers need interpersonal skills more than anything, but also benefit from strategic planning and general leadership skills. Job outlook and growth for the field looks promising, as human resources managers contribute tremendously to their organizations.
Introduction
Human resources refers to a company’s most valuable assets: its workforce. The people that comprise the organization are many times more valuable than the financial resources the company manages. Therefore, human resources has emerged as a distinct area of specialization in business and management. Human resources is a multidisciplinary area, in which disparate fields like psychology, communications, management, budgeting, and strategic planning all converge.
Human resources managers may work in small, medium, or large firms. Their roles and duties change regularly in response to the needs of the company, its budget for human resources, and its rate of growth. Human resources managers remain in charge of hiring and firing employees, retaining and training personnel, writing and managing job descriptions or titles, structuring departments in the organization, and disciplining employees who violate ethical codes or codes of behavior.
Job outlook for human resources professionals is strong, with nine percent growth predicted until at least 2026 (United States Department of Labor Bureau of Labor Statistics, 2019). Moreover, median salary for human resources managers is well over $100,000, making it a viable profession especially considering the relatively low cost outputs required for training and education (United States Department of Labor Bureau of Labor Statistics, 2019). Human resources managers do not require more higher education than a Bachelor’s degree even though an advanced degree might confer greater responsibilities and even higher rates of pay.
What Is Human Resources?
Human resources has expanded its function to encompass multiple functions related to personnel or human capital. One of the primary functions of human resources departments include working within the company’s budget to establish compensation packages for employees, including benefits. Another is to collaborate with department managers and senior executives on organizational structure, to account for the opening of new roles or positions and the formal definitions of job titles. A human resources manager can, for example, work with a department head to create a new position and then recruit possible employees to fill that position. The human resources department also works hard to present the organization in a positive light, thereby fulfilling public relations duties as well (“Careers in Human Resource Management,” n.d.). In other words, the human resources manager is responsible for attracting and retaining top talent.
In addition to recruiting new personnel, the human resources department also covers the training and development of new and veteran employees. Within budget and aligned with the values and needs of the company, the human resources manager comes up with evidence-based and strategic interventions to promote employee development and training. The human resources manager may also help individual employees map their career trajectory so that they can maximize their contributions to the organization. A human resources manager addresses issues that might impede employee workplace satisfaction. Similarly, the human resources professional remains responsible for resolving interpersonal conflicts and fielding feedback from...
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