Human resource management (HRM) plays a significant role in promoting business success and growth. The majority of businesses are established with the sole purpose of profitability which can be achieved through effective management. Business leadership involves activities that allow stakeholders to benefit and become productive. HRM is part of business leadership since it is in line with organizational objectives. Businesses adopt different approaches to HRM to maximize their profitability and gain competitive advantage. Many healthcare organizations have adopted the HRM approach to solve and ease their complex routine activities. The approach requires intricate information systems and qualified professionals. While HRM is deemed complex in big corporations, it is crucial for healthcare organizations’ success.
Large corporations such as multinational enterprises require productive and effective management. HRM involves a strategic and coherent approach to efficient employee management in an organization to help it gain a competitive advantage (Vermeeren et al., 2014). In the healthcare context, HRM helps stakeholders including doctors perform better for the patient’s benefit (Kabene, 2006). HRM helps healthcare organizations improve financial and organizational outcomes (Vermeeren et al., 2014). Financial outcomes involve how healthcare organizations spend and earn income. Integration of HRM in financial management allows organizations to increase their return on investment (Kabene, 2006). Organizational outcomes include brand reputation and overall performance in the respective industry. Although HRM can be a complex activity, it helps organizations gain more profits and have an excellent reputation.
Conclusion
Healthcare organizations are complex and involve various activities that need effective management. HRM is a coherent approach that healthcare organizations have adopted to improve their competitiveness and gain more profits. Through HRM, hospitals successfully manage their finances and routine operations. Moreover, HRM has enabled organizations to pursue their employees to realize their full potential. Therefore, HRM is beneficial, and organizations must adopt it to improve their performance.
References
Kabene, S. M. (2006). The importance of human resources management in health care: A global context. Human Resources for Health, 4(1). Web.
Vermeeren, B., Steijn, B., Tummers, L., Lankhaar, M., Poerstamper, R.-J., & van Beek, S. (2014). HRM and its effect on employee, organizational and financial outcomes in health care organizations. Human Resources for Health, 12(1). Web.