Question

What is the link between investment in HRM and organisational performance?

Answer 1

Answer

Human resources management involves various activities that supports the entire business and each department in it. It helps to have balanced workforce, and undertake important functions from recruitment to performance appraisal, and career development.

Investment made for the improvement of human resources management is linked to the growth, profitability and competitive advantage of the organisation. When a good budget is Allotted to the HR department, it improves the recruitment process, training and development programs, helps in retaining talented employees with equitable pay and attractive benefits, and also supports career planning of the members. When these things are undertaken effectively, employees stay engaged with their work and outperform their duties. Effective team work, trained staff, and productivity adds value to the offerings of the firm, helps to provide quality services to the customers, stakeholders are managed properly and the profitability increases with overall performance.

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