Consider the proposition that HRM adds value to the firm. Also, examine the topi

Question

Consider the proposition that HRM adds value to the firm. Also, examine the topic of “Marginal Utility Analysis” and how it is used to make a case about the value of HRM. How do HRM practices and systems add value to a firm? What is the basis for an argument for or against this proposition? Present your views in 200 words or more in your discussion post. Use at least one scholarly source in your response to support your ideas. Respond to at least two of your classmates’ posts. Remember to properly cite your sources.

PLEASE BE ORIGINAL

Explanation / Answer

Human Resource Management adds value to the firm. If the staff and managers of the organization are managed propely, it will lead to the success of the organization. Human Resource are involved in the production process and if they are trained properly can add value to the organization in the form of production of good quality products and thus increased sales.

Human resource acts as an interface between the firm and the customers.If they are trained properly, they add value to the organization by keeping the customers satisfied and increase in sales of the firm.

Proper Human Resource management can add vaue to the firm in the below mentioned ways :

Marginal Utility Analysis

Marginal Utility is the change in the utility or satisfaction of the consumer with the consumption of one additional unit of that good service. As the management spends more on the training of the human resource and manage them properly, the satisfaction level of the human resource as well as that of the customers keep increasing. Thus it is justifiable to spend on human resource management.

References

Human Resources edu Available at : https://www.humanresourcesedu.org/what-is-human-resources/

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