Best Practices in Human Resource Management Essay

Best Practices in Human Resource Management - Essay Example This thesis/dissertation has not been submitted at any other institution or organization. This thesis includes my views that are not associated with the university. Signature: Date: 09/05/2011 ABSTRACT Human resources bear great relevance in the attainment of success in any field. Employees are considered to be assets for organizations in the modern times; it is necessary to take measures to manage employees in an effective manner for the growth of the company. The field of human resources management lacks a set of standard practices that would lead any organization towards a valuable human resource management department. The lack of such best practices provoked this research study. This study aims to investigate the set of best practices that result in effective human resource management activities. The best practices have been described in this thesis, along with their benefits for the growth of the company. ... ing and Development 17 Teams 18 Performance Evaluations 19 Communication 19 CHAPTER 03: METHODOLOGY 25 Project Progress 25 Research Design 25 Data Analysis 26 CHAPTER 04: FINDINGS 28 Regression analysis 28 Critique 31 Research and project plan 31 Analytical technique 32 CHAPTER 05: CONCLUSION 33 Conclusion 33 REFERENCES 42 Appendix B 51 Graphs from results 52 Appendix C 62 Fig. 2 63 CHAPTER 01: INTRODUCTION Overview of the Research Human resource management involves the management of people to achieve valuable performances, in the presence of a productive working environment. The focus of this type of management is to facilitate an accessible form of management; one which is not rigid and considers the employees as an asset of the organization. The main objective of the human resources department is to keep the employees motivated and committed towards achieving the goals of their respective departments and organization. Human resource processes include factors that influence the str ategic decision making of the organization. Great stress is laid to promote a helpful and supportive culture in the organization, rather than a competitive one. Employee training and development programs bear great relevance for the growth and success of the organization; this aspect also encourages the managers to seek and hire talented individuals from within the company for required positions. Reward management and compensation are also important functions of the human resource department, such as entitlement to annual bonuses on the basis of appraisals and performance measures etc. These factors are considered to be amongst the most important requirements for the development and improvement of any human resource department. These factors have been influenced from the work of few