Discuss about the Integrating Human Rresource Management and Knowledge Management.
Human resource department is supposed to be of great importance as it helps in evaluating the effectiveness and the efficiency of a particular organization by recruiting the most skilled and experienced candidates within the firm (Fulmer & Ployhart, 2013). There are different firms who generally considered their employees to be the vital and valuable asset, but there exists a matter of fact whether modern firm really considers their employees to be the valuable assets. This research paper will help in highlighting that whether the contemporary organization considers their respective employees or staff to be the most important assets or not.
In present times, the modern firms are changing their business procedures as per the changing trends as to cope with the outside world. There are different firms who have significantly implemented several latest technologies as to enhance their overall business procedures and therefore, the implementation of these latest and innovative technologies have significantly affected the recruitment of the new employees to the firm (McGuire & Brenner, 2015). As per the past researchers, it was found that employees were the one who can bring out the desired elevation in the business procedures and thus, HR department was engaged in providing the maximum benefits that can be provided to them. Furthermore, the change in the current trends and the modern equipment has made to recruit less number of the employees within the firm. The HR departments have also focused on enhancing the use of the latest and the innovative technologies as to increase the effectiveness of the execution of the business procedures (Kapiki & Nurgaliyeva, 2015). There have been many changes in order to lower down the costs to the firm. Several strategies have been formulated in order to lower down the cost such as by reducing the benefits of the employees regarding the incentives, payroll benefits, and transaction benefits.
The firms proclaiming that the employees are supposed to be their valuable assets takes care of the respective employees in order to bring out the most useful work from them. On the other hand, the effort provided by the employee's critically enhances the execution of the business process to the firm (Mierzejewski, 2014). As per the past researchers, it was found that the benefits provided to the employees helped in improving the performance level of the organization. The benefits are provided to the employees on the basis of their performances in increasing the growth and development of the firm (Rivera & PHR, 2015). Therefore, it becomes more important to understand the needs and the requirements of the employees as they are the one which can provide the preferred elevation in the business practices of the firm concerned. As per the changing trends, the needs and the requirements of the companies have changed significantly and thus, it has become more important to focus on recruiting more potential candidates within the firm. It has been seen that nowadays, the HR department is not only engaged in reducing the cost price to the firm but also to bring up the now talents as to increase the profitability of the firm to a large scale (Gupta et al., 2016). The primary aim of the HR section is to increase the effectiveness of the employees by providing them the desired benefits.
Human Resource Management (HRM) is a management process with the help of which the top level managers of a company can effectively able to recruit a right person at the right place in right time. By the help of this HRM, any company can able to measure the working skill and working ability of their employees (Arthur et al., 2016). By utilizing this process, the top level managers of any organization can able to give training to their employees who are newly recruited within the organization. According to several companies, the employees are the valuable assets of their company because if the working ability and efficiency of an employee are increased then it will help the organization to increase the growth rate and also help them to gain more profitability (Tomaskova, 2015). However, in the recent days, the modern companies incorporate more advanced technology within their business process. Due to this reason the HR managers of the modern companies has a tendency to reduce the cost of compensating, hiring and retaining employees. However, the top level managers also have a tendency to optimize the corporate talent pool. The corporate leaders most of the time said that the employees are the most valuable assets of any company (Love et al., 2013). However, for several numbers of people, this statement is an empty and exhausted expression because in most of the companies the managers even do not show any value to their employees. They do not treat their employees as an asset of that organization. However, to compensate the employee well should be the main interest of the organization to maintain the continuous development of the company.
In the recent days, the modern companies implement advanced technology within their business process. For this reason, the need for human resource also gets reduced. However, the good employees are not replaced because they are the original assets of the organization who help the company to achieve success and to obtain the organizational goal. Nowadays, the companies replace their employees with those candidates who are most eagerly willing to take the job because their willing power also helps the company to achieve success and also help the organization to develop (Mendoza, 2015). At the time replacing employee the business leaders always hire a skill and talented employee who will be effective and efficient for the growth and development of the company. Those organizations which are consist of several great employees, in that organizations the employees are the most important assets and carries value for that particular organization and those employees are not replaced (Wang et al., 2012). Those great employees have a great knowledge about the product, process, and systems of that business. Those efficient employees have a clear idea about what is good for the company and what type of issues may hamper the business process of the company. When a great employee leaves the job from one company then this incident also affects the other employees of that organization. They try to find out the reasons that why that efficient employee leaves that job or why the company gives permission to that employee to leave the job. In this case, the question about the valuation of the employees arises in the mind of the other employees and also in the mind of their customers and clients.
Employees are the competitive advantage for any company. For this reason, every organization should inform their employees about the organizational goals and the way through which the organization should able to achieve the goal and success. However, in the recent days, the contemporary organizations treat their employees as their valuable assets because they have highly potential, skilled and efficient employees who help the company to achieve their organizational goals and lead a great success within the market (Musteen et al., 2013). In the contemporary organizations, the employees have a great communication skill and also efficient to maintain the client – organization relationships which also helps the company to develop in their further future and can able to hold a leading position in the market. Nowadays the companies also take the decision from their employees at the time when the managers and the marketers make a marketing strategy or any strategic plan for the organization. For this attitude of the organizations, the employees feel that they are genuinely included within the daily business of their organizations. As the organizations give a valuation to their employees so they always feel comfortable to share their innovative ideas and knowledge which can able to help in the growth and development of the company. As the employees are belong to the first line of the business so the information and data which are collected from them are very valuable, useful and effective for making any strategic decisions for the organization.
It has, therefore, urgent to understand the need for the employees as well as that of the firm in order to carry out the best results for the firm. Earlier, it was seen that the employees were treated as to be the vital assets because at that time technologies were less. The paper concludes that in contemporary organizations HR department is engaged in reducing the overall cost of the organization but at the same time, they considered employees to be valuable assets because of the skills, knowledge, and experiences that can bring positive results for the firm. Moreover, the past researchers have also evaluated the fact that the employees can bring the desired elevation in the business practices by their innovative ideas. Finally, it can be estimated that Modern organizations treat employees to be valuable assets for their firm.
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