Human Resource Management An Essential Function

Human resource management is an essential function in organizations dedicated to improve or maximize the performance of the labor force of the whole organization or to support a company’s strategy in achieving its target goals such as profitability. HRM is fundamentally concerned with the development and management of the employee within corporation. HR missions are fulfilled by trained professionals and HRM is usually referred as â€Å"involving people practices† (Noe et al., 2015) since an entire functional group is dedicated to the discipline, policies, functional leadership engaging and strategic decision making. However, HRM department is usually effected by strategic business issues of the organization for certain reasons such as reducing cost, increase profitability or economic downturn. Among a few factors of strategic business affecting HRM, downsizing and international expansion will be explained in this report. Downsizing - Downsizing occurs when a company permanently reduces its number of employees on the operating payroll. Organization downsizing is often due to poor economic conditions or the company need to cut costs to maintain profitability. Downsizing usually refers to corporate restructuring in order to increase profit and maximize efficiency (Doyle, 2015). Downsizing results in layoffs that are often followed by other reengineering changes, such as branch closings, departmental consolidation, and other forms of cutting pay expenses. 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