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INVESTMENT PERSPECTIVE OF HUMAN RESOURCE MANAGEMENTSOURCES OF EMPLOYEES VALUE1. TECHNICAL KNOWLEDGEMARKETCUSTOMERPROCESSEN...
FACTOR INFLUENCING INVESTMENT PERSPECTIVE IN HRM1. MANAGEMENT VALUESENIOR MANAGEMENT VALUES AND ACTIONS DETERMINE ORGANIZA...
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Investment perspective of human resource management

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Investment perspective of human resource management

  1. 1. INVESTMENT PERSPECTIVE OF HUMAN RESOURCE MANAGEMENTSOURCES OF EMPLOYEES VALUE1. TECHNICAL KNOWLEDGEMARKETCUSTOMERPROCESSENVIRONMENT2. ABILITY TO LEARN AND GROWOPENNESS TO IDEAACQUISITION OF KNOWLEDGE AND SKILL3. DECISION MAKING CAPABILITIES4. MOTIVATION5. COMMITMENT6. TEAMWORKINTERPERSONAL SKILLSLEADERSHIP ABILITYHR VALUE CHAINEMPLOYEES OUTCOME: ATTITUDES, BEHAVIORORGANIZATIONAL OUTCOME: QUALITY, PRODUCTIVITYFINANCAIL OUTCOMES: EXPENSES, REVENUE AND PROFITMARKET OUTCOME: STOCK PRICE
  2. 2. FACTOR INFLUENCING INVESTMENT PERSPECTIVE IN HRM1. MANAGEMENT VALUESENIOR MANAGEMENT VALUES AND ACTIONS DETERMINE ORGANIZATIONAL INVESTMENT IN ASSETS.IT IS CRITICAL TO UNDERSTAND HOW THE ORGANIZATIONAL STRATEGY MANDATES THE INVESTMENTIN PARTICULAR ASSETS RELATIVE TO OTHERS. WHETHER MANAGEMENT VALUES IT PEOPLE IS ACRITICAL FACTOE IN ITS WILLINGNESS TO INVEST IN THEM.2. ATTITUDE TOWARD RISKHIGHER RISK INVESTMENT ARE GENERALLY EXPECTED TO HAVE HIGHER RETURN, LOWER RISK OR SAFERINVESTMENT ARE GENERALLY TO ECPECTED TO HAVE MODEST RETURN. EXAMPLE BONDS ARECONSIDERED AS LESS RISKY INVESTMENT THAN STOCK BUT LIMITED, FIXED RETURN. STOCK ARE HIGHRETURN.3. NATURE OF EMPLOYEES SKILLSOME ORGANIZATION REQUIRE THEIR EMPLOYEES TO DEVELOP WITH VERY SPECIALIZED SKILLS THATMIGHT NOT BE AVALIABLE IN ANOTHER ORGANIZATION. EXAMPLE IF THE EMPLOYEES HAVEINFORMATION ON HOW TO CONTROL HR FUNCTION, THE SKILLS MAY NOT BE TRANSFER TO ANOTHEREMPLOYEES. BUT IF THE EMPLOYEES USE POPULAR SOFWARE WHICH HAS HIGH DEMAND IN THEMARKET, THE INVESTMENT IN EMPLOYEES BECOME RISKY.4. UTILITARIANSORGANIZATION TAKE PERSPECTIVE EVALUATE INVESTMENT BY USING UTILITY ANALYSIS, ALSO KNOWNAS COST BENEFIT ANALYSIS. THE COST OF INVESTMENT ARE WEIGHTED EITHER IT GIVE PROFIT ORMORE COMMONLY ACHIEVE THE TARGET ONLY. ONE EXAMPLE IS THE COST OF HAVING A LARGEAPPLICANT POOL.5. AVAILABILITY OF OUTSOURCINGIT IS THE WILLINGNESS OF THE ORGANIZATION IN INVESTING ON THE EMPLOYEE. THE RESULTS IS TODETERMINE EITHER IT WILL PRODUCE A SUSTAINABLE COOMPETITIVE ADVANTAGE OVER TIME. WHENA SPECIALIST WHO EXISTED OUTSIDE THE ORGANIZATION IT WILL CHALLENGED INTERNALMANAGEMENT. EXAMPLE OF ORGANIZATIONAL FUNCTION ARE CUSTOMER SERVICES, ACCOUNTING,MANUFACTURING AND HUMAN RESOURCE MANAGEMENT FUNCTIONS.EXAMPLES MCDONALD INVEST LITTLE IN THEIR EMPLOYEES BY PROVIDE LITTLE TRAINING, PAY LOWSALARY, EXPECT HIGH TURNOVER BECAUSE SUPPLY OF WORKER IS EXCESSIVE RELATIVE TO DEMAND.THEY TEND TO INVEST MUCH ON NEW PRODUCT DEVELOPMENT, PHYSICAL EXPANSION, ANDMARKETING THROUGH COMPETITVE ADVERTISING.
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