ASSESSING THE INFLUENCE OF HUMAN RESOURCE MANAGEMENT ON THE PERFORMANCE OF THE COMPANY
|BANKING AND FINANCE|
No of pages
|MS Word & PDF|
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It has become obvious that all economic resources and human resources is the least efficiently used. However, the greatest opportunity to improved economic performance is within the improvement of the effectiveness of people and their work.
Therefore, human resources management can be defined as the effective management of human resources. This means that managing people is an essential activity in that it’s basic management responsibility in every organization.
It also means that it involves planning, directing and controlling beings in employment It is also an act that is required and must be performed in both governmental and private organizations.
Human resources management is also essential under any economic system that is, under capital as well as socialist system. It is also an essential function in small and large business. Finally, it is a continuous and inevitable process.
1.1 BACKGROUND OF THE STUDY
In any typical organization, human resources connote both the quality and quantity of labour that is exhibited in the form of mental capabilities.
Physical efforts and overall technical know how of the organizational actors.
Human resources management therefore, entails the means through which an organization sustains, motivates and even disciplines of human resources to enhance the maintenance of human resources, human relationship and the physical well-being of employees and above all, for the achievement of organizational, it is the job of the personnel department in an organization to offer measures aiming at enhancing the effective management of human resources in order to boost its overall performance.
1.2 STATEMENT OF THE PROBLEM
The study is based on the effect of human resources management on the overall performance of a firm in an organization, a case study of Zenith International Bank Limited, Victoria Island, Lagos.
What justifies the continued existence of an organization is the achievement of its set goals and objectives.
A typical organization has within its capacity several resources, which it can harness, towards achieving the goals.
Basically, these resources: the human money, material and machinery resources of all these resources however, the effect of human resources on the overall performance of an organization cannot be over-emphasized.
No matter how self sufficient or how good the management of an organization feels over its set goats and its achievement so far, it should realize that without human resources, the organization couldn’t really perform neither can its set goals be achieved.
We can only begin to understand the considerable complexities when we recognize (Human resources) operations.
When we recognize that unlike machines, raw materials or other input to production, labour (human resources) is not a commodity that labour market is composed of million of human beings whose well-being is of great importance.
Management should therefore observe the human resources in a different perspective, realizing its priority over other resources.
Many firms today are yet to realize this fact, and subsequent effect over this ignorance is detrimental to the organizational performance.
1.3 STATEMENT OF TUE HYPOTHESIS
The following tentative statement that depict the variable and environment upon which the study is based of relative importance. These are:
Ho: That working capital management has positively effected on the going concern of the resources.
Hi: That working capital of the management is far from having poi ct on going concern of banking industries.
1.4 OBJECTIVE OF THE STUDY
The aims of this study are to:
(a) Identity the importance of human resources on the actualization of the corporate goals and objectives of a firm.
(b) Examine the impacts of human resources management on the general performance of our case study.
1.5 SIGNIFICANCE OF THE STUDY
This project work would disclose the secret behind the survival, growth and development of any existing and the effectiveness of the human resources management department in any organization.
The various functions carried out by the personnel management are staffing processes, compensation welfare and the process or method through which all of staff and subsequently on the profit.
The conclusive part of this study will enable the reader(s) to identify the necessity of human resources management in an organization, their problem and proffer solution to bring at a mere harmonious work relation in an organizational setup.