1 Explain how human resource management from the organizatio

1- Explain how human resource management, from the organizational life-cycle and stakeholder perspectives, can facilitate organizational success.
2. List the core functions of Human Resource Management.
3- Explain what human resource professionals do to help create successful organizations.
4. Identify important labor trends that are affecting organizations and their human resource practices.
5. Explain how effective human resource management requires a combination of strategic and functional perspectives.

Solution

Answer- 1-Human resource management referred to the process of selecting and recruiting workers for an organization. Human resource management which is generally known as HR department includes the works like recruiting and providing training, orientation and induction, assessing the performance of employees, motivating and maintaining proper relations with employees etc. Today, human resource management has become an important part for any organization. It plays an important role in different aspects of an organization. One of these important aspects is organizational life cycle.

The organizational life cycle deals with the introduction, growth, maturity and decline of any business. These things may change over time. Human resource management contributes a lot to organizational success through organizational life cycle. It helps the organization to meet best talents and set employee relations strategy with the organization. It helps to recruit qualified workers and also manages rapid internal market movements. HRM provides growth to company by maintaining labour peace, employee motivation and values. It gives success to organization by improving productivity and achieving flexibility in work rules.

An organization is considered as a part of political-economic system of stakeholders. Stakeholders generally interact and influence the management practices in an organization. The stakeholder perspective in human resource management reduce the conflicts within companies and improve the relations between employers and employees. The stakeholder perspective has become a pertinent framework for human resource management policies. HRM helps the organization in many ways. It deals with the workforce in a positive manner and make sure that the organization can earn more profit and success.

Answer-2- The main functions of Human resource management are-