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Human Resourse Management

In: Business and Management

Submitted By jennohagan
Words 2323
Pages 10
Musgrave Retail Partners Ireland
2010
Human Resource Management
A competitive advantage
Jennifer O’ Hagan

Table of Contents How can good HRM practice become a source of competitive advantage for organisations in the retail sector? 3 Introduction: 3 Definitions: 3 Main functions of a HRM system: 4 Key functions of a HRM system: 6 Learning and development and performance management: 6 Induction: 6 Staff appraisals/review systems: 7 Hertzberg Two factor theory 8 Motivational factors 8 Hygeine factors 8 HRM eveloution 9 Why is HRM such an important tool in organisations today? 10 References 11

How can good HRM practice become a source of competitive advantage for organisations in the retail sector?
Introduction:
The purpose of this study is to discuss how good HRM (human resource management) practice can become a source of competitive advantage for organisations in the retail sector.
To help me examine this, I will explain what defines HRM and the main functions of a HRM system. I will also examine why it is such an important tool for many organisations today.
Definitions:
Human Resourse Management has been defined as ‘a strategic approach to managing employment relations between employee and employers, which emphasises that leveraging peoples capabilities is critical to achieving competitive advantage, acheived through a distinctive set of integrated employment practices.’ ‘Strategy denotes an activity that organisations perform in order to accomplish its goals.’ (Bratton & Gold, 1999)
This means that in order for the company to acheive an advantage against competitors, the staff must be managed efficiently by employers. Employers must communicate with staff and ensure that staff know what is expected from them within the company’s business practices and policies. It is the employers’ responsibility to maintain a…...

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