Human Resource (hr)
Essay by people • November 26, 2011 • Essay • 252 Words (2 Pages) • 1,482 Views
* Strategic Partner is connected to vertical integration of Human Resource (HR) activities and initiatives, that are within specific targets or boundaries, or aligning them with business-level and long-term plans. These practices are intended to please stakeholders and impact the organization since they are directly related to profitability and market value ratios. HR practices that strengthen performance result to high market value per employee. When there is an HR Director in the executive committee of an entity, its Price/Earnings to growth ratio is found to be better than that of competitors after cross sectional analysis or benchmarking. HR management increases Net income. Net income increases Operating margin, Profit margin, Return on total assets (ROA), and Return on common equity (ROE). This is because employees are given rewards that match their contributions and management is able to reduce turnover, which is costly. Another consequence is a 391 percent return on investment. Attitudes and Behaviours are linked with Stock price through the mediating roles of Productivity and Quality and Expenses, Revenues, and Profitability.
* Examples: Allotting a budget for sports, recreational and special events, Subsidizing clubs of its workforce, Having certain age limitations for those to be hired
* Change agent is related to attempting to bring about change (e.g. organizational renewal) in the area of the human resources in the organization. He or she is the catalyst and designer for change. The change agent implements change. He or she is familiar with the power structure of the organization and knows how
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