Unique Value of Human Resource Management in Organization

Elida Ciriković

doi:10.5901/ajis.2015.v4n2s1p69

Abstract

Modern economic events are occurring in a complex and turbulent environment. We are witnessing a process of globalization and internationalization of economic activities, which carry a myriad of new opportunities and chances and can be considered as threats to existence and prosperity of business. Will the new opportunities bechances or threats; it will primarily depend on the human resources of the company and its management. It is the main factor of growth, development and is decisive and crucial factor in the realization of the business goals and strategies. The main determinant from which everything starts, from which everything ends and everything depends is precisely the human factor, and not any other element of the business system. The fact is that traditional management with high organizational structures is slowly but surely transcending and giving away to a shallow, low organizational structure so called Downsizing, which is the embodiment and symbol of modern trends in the management functioning. Such a structure entails a different communication way of management and Human Resources of a company. The aim of this paper is to once again evidence that the management of human resources is an essential part of survival and further development of modern business systems. The aim of this work will vary by presenting basic determinants of human resources from the management perspective, which will be confirmed by the fact that human capital is the most important capital of the business system. Precisely from its creativity, innovation, flexibility, the overall competitive position of the company will depend on. Human resources have the power of learning. Thanks to the knowledge and power of learning, human resources are the basis of introducing changes. DOI: 10.5901/ajis.2015.v4n2s1p69

Highlights

Human resources are unique to each organization and as such they can not be copied and as a system be transferred to another organization
It is in a word, intellectual capital and is in the interest of any organization to constantly improve it with knowledge, skills and additional training, which will lead to developing creativity, so essential in sharp and more turbulent environment
The need of organization to be competitive and in the long term optimally positioned in the market imposes the importance of human resource manager

Summary

Introduction

Human resources are unique to each organization and as such they can not be copied and as a system be transferred to another organization It is in a word, intellectual capital and is in the interest of any organization to constantly improve it with knowledge, skills and additional training, which will lead to developing creativity, so essential in sharp and more turbulent environment. In this way it will create an increased productivity and increase of the market value. If the management of the organization is observed as a system, the management of human resources, its subsystem that for each position provides a capable and responsible staff and allows that every individual and organization as a whole achieve maximum business goals

Basic Guidelines

Factors of Human Resource Management

Contemporary Trends in the Formation of Human Resources

The Concept of Human Resource Management

Conclusion