Pressures of the global economy

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Human resource management function has gained more strategic level importance for organizations during recent years. As a result, the HR practices of an organization could be evaluated in order to determine how they contribute toward the strategic business objectives, including financial performance. Do you feel that these evaluations have become more necessary as a result of the increased cost consciousness due to the pressures of the global economy? How are these evaluations beneficial for the organizations? What factors would you take into consideration while performing these human resource management evaluations? If you have ever been involved with such an internal audit or evaluation during your working career, or know someone who has, please discuss your experiences and observations. Based on your experiences, what recommendations would you make for managers to ensure that these evaluations are performed in an effective and efficient manner?

Reference no: EM13723554

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