Human Resource is essential to any organization ranging from the company’s image to its strategic planning. HR practitioners in any business who possess expertise and skills provide lots of impact and services like training to employees to enhance their skills hence organizational success. According to Storey (2007, 10), the areas which are controlled and maintained by the HR department in an organization are enhanced with an employees’ experience throughout the workforce, and this strengthens business operations.
In the area of strategic management, HRM can ensure that Lorne insurance improves the bottom line of the organization with its understanding of how the organizational success is affected by the human capital. Expertise leaders in HR strategic management can participate in an efficient decision-making process to support Lorne insurance’s strategy management by underlining projections and current staffing assessments on the business demand needed from the future workforce hence making an organizational success (Storey, 2007, 24).
Armstrong (2006, 30) explained that HRM is crucial to the success of an organization because it ensures that all liability issues like unfair employment practices within the organization are all minimized and solved. For instance in the Lorne insurance company, HR specialists can investigate and resolve all workplace issues that were left unattended and even embroil the company in legal matters relating to harassment laws and state anti-discrimination.
Lastly, HRM is important because it enhances Safety and risk management to an organization hence success. The HR department in Lorne insurance company can ensure that there is compliance between the organization with the Health Administration and Occupational safety regulations through maintaining accurate records and work logs, while coming up with programs to reduce the number of injuries at the workplace and fatalities hence the success of the organization (stone and Raymond, 2013, 15).
In conclusion, Lorne Insurance Company can lose from not utilizing its employees fully unless HRM practice is incorporated in its management. Other roles which can be performed by the HR in Lorne Insurance in ensuring organizational success include; employee satisfaction, recruitment & hiring process, and training & development of employees.
Armstrong, Michael. 2006. A handbook of human resource management practice. Kogan Page Publishers.
Stone, Raymond J., and Raymond J. Stone. 2013. Managing human resources. John Wiley and Sons.
Storey, John. 2007. Human resource management: A critical text. Cengage Learning EMEA.