Managing Human resources Essay Example | Topics and Well Written Essays - 1500 words

Managing Human resources - Essay Example ts are losing ground to a new generation of value-added core HR functions that include career planning, executive development, training, succession planning and organization development’ (Rowden, 1999, 22). In any case, the importance of human resource management (HRM) for the development of business activities cannot be denied; in fact, HR can help a firm to improve its position in its industry; in order for this target to be achieved it is necessary that the knowledge available in all organizational departments is appropriately evaluated and processed (Lawler et al., 2003). On the other hand, the cost involved in the development of various HR policies could be a reason for the limitation of relevant business initiatives; the specific issue is highlighted in the study of Haines (1997) where it is noticed that most firms worldwide ‘view their human resources as an expense rather than an asset -- an element that is expendable and perhaps discarded when the skills possesse d becomes obsolete’ (Haines, 1997, 95). Indeed, in a survey conducted by the National Statistics of UK – the most recent available data on this issue – it was proved that ‘‘nine out of ten employers (90 per cent) had provided any job-related training (either off- or on-the-job training) to their employees in the 12 months prior to the interview’ (National Statistics Online, UK, 2002). In the above report it is noticed that for previous years, the indications regarding the behaviour of employers towards their employees are similar. Current paper focuses on the examination of the various aspects of rewarding in a specific firm: JINNIKINS JEANS. The practices of the firm regarding the specific issue are presented and explained trying to identify the potential effects of these practices on the firm’s objectives – either in the short and the long term. In the firm under examination, the reward system is based on specific actions – in hierarchical order; the benefits for the