HRM Essay Example | Topics and Well Written Essays - 2000 words - 10

HRM - Essay Example Steve Jobs once said about the importance of human resource that, â€Å"There is no strong link between innovation and spending on R&D. When IBM was spending at least a 100 times more on R&D, the same time when Apple came up with Big Mac and outclassed its competitors. It is not about the money and it is not about the how many R&D dollars you are spending but is about the people you have, how they are led and how much you are able to get out of them† (Cardy & Leonard, 2011, p. 22-23). Due to the increasing competitive pressures in the business world, businesses now understand the value and importance of their human assets or resources because when other resources that appear on the balance sheet of the company, make things â€Å"possible†, human resource of any organisation make things â€Å"happen† (Torrington, et al., 2007, pp. 96-98). Therefore, the fact is that today, when information technology and globalisation has made it possible for companies to imitate, product, pricing, promotion, distribution, manufacturing, supply chain, sales and other strategies employed by any organisation, a talented, skilled and motivated human resource appears to be providing a much need sustainable competitive advantage (Foot & Hook, 2008, p. 96). Recruitment and Selection First things first, the HR director of the medical institution needs to play close attention on the recruitment and selection process of the nurses because one cannot expect much from the employees if the organisation has failed to put the right people on the right jobs.