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With todays workforce becoming increasingly diverse and organizations doing more to maximize the benefits of the differences in employees Human Resource managers are evolving from the old school sideline player to the front-line fighters Organizations are relying on managers to get the people who get the job done and of course make the company money People have always been central to organizations but their strategic importance is growing in todays knowledge-based business world like never before An organizations success increasingly depends on the knowledge skills and abilities of its employees In this class I learned several different Human Resources issues that help establish a set of core competencies which distinguish one organization from its competitors When employees talents are valuable rare difficult to imitate and organize an organization can achieve a sustained competitive advantage In order to compete through people an organization has to be able to do a good job of managing their human capital the knowledge skills and capabilities that add value to the organizations Managers must develop strategies for identifying recruiting and hiring the best talent available Organizations develop these individuals in ways that are specific to the needs of their individual firms encourage them to generate new ideas while familiarizing them with the company strategies invite information sharing and rewarding collaboration and team work The basis on which compensation payments are determined and the way they are administered can significantly affect employee productivity and the achievement of organizational goals Establishing compensation programs require both large and small organizations to consider specific goals Employee retention compensation distribution and adherence to the budget must be carefully weighted against the overall organizational goals and expectations Compensation must reward employees for past performance while serving as a motivation tool for future performances In the classroom we discussed this concept in depth and I then could look at how my company uses the performance appraisal to give employees compensation and how they try to
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