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    Human Resources Management: Value Place on HR Functions

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    1) Some believe that an organization can be managed effectively without an HR function. Today, many small organizations do not have the capital for an HR function. If you were to describe the value of HR to someone who was interested, but did not have much time, what would you say? What is the value of HR in organizational life?

    2) What's more important to people today? Pay (cash compensation) or benefits?

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    Solution Preview

    1) Some believe that an organization can be managed effectively without an HR function. Today, many small organizations do not have the capital for an HR function. If you were to describe the value of HR to someone who was interested, but did not have much time, what would you say?

    -- The HR function is one of the most critical functions in any organization, regardless of the industry and regardless of the size of the organization. The HR department handles several areas that are essential for the successful continuation of any business. While most people think of HR as only focusing on employees, training, employee benefits and related areas, HR also ensures legal compliance based upon the type of industry. The staff or manager in HR is generally responsible for the continual ...

    Solution Summary

    This solution discusses the importance of the HR function. The preference for pay (in the form of cash) or increased benefits is also discussed.

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