Human Resource Management -- Now and Tomorrow

In: Business and Management

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Human Resource Management – Now and Tomorrow

Eric Iwanaga
MGMT 3400 – D
Professor Henry Ku

INTRODUCTION: A great many people in today’s society – from kids who are still learning, to the young adults and older who are in the work force – either do not know the significance of human resource management to the business, or take it for granted. Many people assume that human resource management are only assigned the task of calming disputes or disagreements between employees, employers, and the labor union, if present. While this is true, it is important to know that human resource management does a lot more to ensure the health of a business. Human resource management is tasked with human Capital Development, and Cost Containment (Ku, handout); these are the two missions that human resources management must undertake to keep the people working with the company content, and as conflict-free as possible. What many take for granted is that the people in the company and the business are the most valuable assets, for without them, productivity is impossible, and thus, there no longer be businesses.
The management of people has been around for quite a while. According to the Handout, family farms and trade were the first form of management; it was relationship where the master would watch over the apprentice, and the apprentice would imitate the master to succeed and rise in rank. (Ku, Handout) This early form of management was very laid back and more intimate as the workers had the time to make improvements, and the work was usually on a one-to-one basis. Skip through time about a century later, and the industrial revolution is now in full swing. Production is gotten much larger, and energy is now harnessed for production; for that more people will be needed. It is no longer a master-to-apprentice relationship – the master no longer has absolute…...

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