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Managing Human Capital: A Performance Exploration

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Abstract

Issues relating to performance of employees have been a subject of concern for many employers across the globe. The performance analysis and developments helps the organization to create a culture of excellence that inspires every employee at all levels. There is also a need for evaluating under-performer, as time passes, under-performer becomes a good performer. However, retaining a good performer should also be the first priority for companies operating at competitive level, because it directs the employee's efforts toward achieving specific results to support organizational excellence and employee success. To perform well, employees need to know what is expected of them. It is necessary to describe the essential functions, tasks, and responsibilities of the job. It also outlines the general areas of knowledge and skills required of the employee an employee to be successful in the job.

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... That means a systematic way should be followed for it. As mentioned by Hazarika (2014) there might be some situational barrier or constraint, which might be the reason behind the wrong appraisal of the performance, and at the same time, this can be the reason for wrong strategy setup. ...
... Source: Schmalz, 2012 According to Hazarika (2014) organizations choose one or several indicators and use them to measure their performance. For example, organizations decide as a measure of performance enhancing the quality of the product and increase the level of sales in the market. ...
... As senior employees' approach retirement, organizations know that they will be faced with a lack of key staff members and in addition, an old man power population may show high staffing expense as well as the need for training and retraining (Hazarika, 2014). According to Schmalz (2012), HR leaders should examine the demographics of the workforce to determine the gaps exist between current skills as well as the requirement for skills that may need in t future, in line with the organization's mission and strategies. ...
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The potential use of skills, knowledge and competencies of employees in the organization would help to improveorganizational performance. Certainly,the necessity of strategic human resource management in a business cannot be undermined as human resource management practices and policies influencing work, attitudes and performance of employees. Having said that human resource policies are focused on many essential practices and in turn, can positively impact organizational performance, such as human resource planning, recruitment, selection, training and development, compensation, performance management and employee relations.Once an organization believes to determine its upcoming mission and willing to achieve them, it is then rely on the employees,as they will be the key to do the necessary work geared towards achievement of the organizational goal and success through their performance. This is where the importance of strategic human resources of an organization can be seen. Without any doubt,it can be said that the success of a business depends on its human resources and the development and inspiration process of the workers in the organizationplays an important role in the organizational success. Human resource strategies aims to look into and examine the human resource functions within the company in line with the business strategies of an organization. Despite the facts mentioned above using different literatures, books, articles, reports, surveys, this paper examines the outcomes of strategic human resource practices within an organization’s performances. The main objective of this paper was to identifywhether strategic human resource practices play any positive roles on organizational performances. This paper will form awareness within employees, potential organizations, government and private sectors regarding the strategic human resource practices.
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