Human Resource Management Literature review Example | Topics and Well Written Essays - 1500 words

Human Resource Management - Literature review Example An organization manages its talent through the HR and this is how both HR and talent management are linked. HR has a responsibility of ensuring that the employees work for the achievement of the organizational goals. In order to manage the organizations talent, HR needs to come up with effective employee policies, etc (BRATTON, J., & GOLD, J. 2000; CHEESE, P., THOMAS, R. J., & CRAIG, E. 2008) There are different scholarly studies that discuss about the role of HR in the talent management and the organizational performance. One of the studies discusses about the different phases that occurred during the development of the theory of HR and performance. There are basically five phases that took place during the development of the theory of HR. The beginning phase was when the HR was actually associated with the performance of the company. There was a link made between the HR practices and the strategies of the businesses. The second phase was empiricism, when statistical surveys were us ed to support the development of the theory of HR. The phase was successful in establishing a positive relation between the HR and the organizations performance. ... The study links this theory to the current role of the HR. It also discusses about the challenges faced by the HR theory. The scope of the theory is too narrow. It argues that the workforce motivation and commitment are an important aspect of the increasing sophistication. It states that keeping in mind the respective workforce HR managers need to come up with the best practices to have the most positive outcomes and to have the greatest impact on performance. The study has some loopholes. It does not suggest how the HR managers can come up with good practices. It does not suggest exactly what models and research methods should be used to understand the impact of HR theory on the performance. It also does not suggest ways of talent management to bring out the best out of employees (GUEST.D 2010) Another study was conducted which focused on the Human Resource Management and the Corporate Performance in the UK. The study basically focused on that how human resource management can help the corporations to achieve competitive advantage through its workforce. It shows a clear relationship between the human resource management and performance but the study fails to establish the level of extent to which the HRM results in a higher performance of the corporations. During the course of this study it was found out that greater use of HR practices results in lower labor turnover higher profit contribution per employee but it does not ensure a greater productivity of the employees. There were 366 UK based companies that were studied by the researchers to establish the above results (GUEST.D, MICHIE.J, CONWAY.N & SHEEHAN.M 2003) Talent management is the most important aspect of the HR