Business issues and the contexts of Human Resources

Essay from the year 2019 in the subject Leadership and Human Resource Management - Miscellaneous, grade: MA, Columbia Universit?t New York, language: English, abstract: The main wealth of any IT company in today's competitive environment is represented by people, their intelligence, creativity, and ability to create know-how. Therefore, a prerequisite for the successful functioning of the enterprise and its development is to ensure a high level of human resources management system. Finding, selecting, and hiring in IT company is a long and costly process. Each company strives to attract only those human resources that fully meet the goals and values of the organization. In the IT sphere, in addition to expanding the segment itself, the complexity of the tasks that professionals have to solve is increasing. In addition to the task of selecting employees and creating optimal conditions for their improvement, an important factor is the development of leadership qualities of managers. Today, not only HR and accounting (personnel accounting and payroll), but also management of staff training and development, staff selection, motivation, compensation, career, etc. are included in the sphere of HRM. Effective use of HRM techniques allows raising the motivation of employees to a new level, increasing not only the profit of the company, but also its image, enabling it to successfully enter new markets and to gain a sustainable competitive advantage.