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    Human Resource Management Programs

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    Please discuss the following:

    1. Are Human Resource Management programs cost effective?

    2. Should Human Resource Management programs have to be justified on a cost-benefit basis? Why or why not?

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    Please see response attached.

    Business, Management
    Human Resource Management Programs

    1. Are Human Resource Management programs cost effective?

    Human resource management is the effective use of human resources in order to enhance organizational performance.

    1) Payroll

    2) Time and Labor Management

    3) Benefits in Administration

    4) HR Management. (1)
    The programs are cost effective when it meets the goal of effective use of human resources. http://www.hrzone.com/

    All in all, the HR function is still to a large degree adminstrative and common to all organizations.
    To varying degrees, most organizations have formalized selection, evaluation, and payroll processes. Efficient and effective management of the "Human Capital" Pool (HCP) has become an increasingly imperative and complex activity to all HR professionals. The HR function consists of tracking innumerable data points on each employee, from personal histories, data, skills, capabilities, and experiences to payroll records. To reduce the manual workload of these administrative activities, organizations began to electronically automate many of ...

    Solution Summary

    This solution discusses if Human Resource Management programs are cost effective. It also examines if Human Resource Management programs should have to be justified on a cost-benefit basis and why or why not.