Page 23 - Human Resource Group Work
P. 23
The Importance of Human Resource
Management in
Modern Organization
Presently, the effectiveness of HRM is crucial to
business success; in this changing business
environment, successful companies need to be
adaptive, resilient, customer-centered and quick to
change direction. As organizations around the
world face increased challenges due to the advent
of globalization and the evolution of technology,
many are seeking to gain competitive advantage
at all cost, and are turning to more innovative
ways of doing business through HRM practices
(Sparrow, 1994).To gain competitive advantage
and become successful in this landscape,
companies must constantly come up with new
ways to drive innovation in business processes,
management practices and products and services.
In achieving sustainability, human resource
professionals manages the company’s workforce as
well as crucial elements such as; organizational
change, leadership development, employee
learning, performance management and employee
engagement that are key imperatives for an
organization’s sustainability.
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