The paper "Contributions of Successful Human Resources Management to Organizational Performance" is a good example of management coursework. Human resources management has major contributions to the performance of organizations. It entails improving the performance of employees by influencing their behavior. Therefore, human resource management can be taken to represent the organizational function which is responsible for ensuring improvement in the organizational performance (Sun, Aryee, and Law, 2007). Considering the complex business environments, human resources management has become the main contributor to the success of an organization. The changes in the environment of business have forced a significant number of business entities to have various HR departments within their organizational structure. Business entities utilize HRM functions from either experts or specialists in a certain field to make sure that their organizations are competitive.
The functions of human resources management can include planning human performance management, reward management, resourcing, employee relations, training, and development. Performance management function involves the management of the capabilities of the employees to improve their productivity. Reward management includes making use of rewards in a way that can motivate the employees to be committed to improving organizational performance (Gü ngö r, 2011). Employee relations function involves the provision of the necessary environment that can improve the way employees relate to each other.
Training and development are the processes of ensuring that the employees have the necessary skills that can make them productive in the organization. Resourcing is the process of ensuring the right type and some employees are selected to guarantee an improvement in the organizational performance (Becker and Huselid, 2006). This essay is mainly focusing on two HRM functions that are performance management and reward management.
The various ways that rewards management and performance management affect organizational performance are analyzed and different cases used for in-depth analysis. Organizational performance The performance of any organization is entirely determined by the employees’ related aspects. For instance, the way the employees are treated in an organization determines their productivity which affects the performance of an organization. Organizations have realized the importance of ensuring that employees are treated well to ensure improvement in organizational performance (Luthans and Luthans, 2004). For example, Toyota Company has invested in employee development where it employs motivational programs that can ensure the motivation of the employees.
The competitiveness of the Toyota Company can be related to the way it treats its employee making them committed to achieving the company goals. The management of Toyota Company has developed rewarding packages that have made the employees committed to improving the productivity of the enterprise. The performance of businesses can be assessed by considering various factors taking place. Some of the factors that can be utilized can include a change in financial performance, brand value, and sales volume among other factors.
Financial factors that can be employed in assessing the performance of an organization can include dividends per share, profits, and earnings per share. The human management practices are said to have great impacts on the performance (Need, 2006). Therefore, it is important for the human resources manager to ensure the human resources management practices are in a position to guarantee performance improvement.
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