How can human resource management provide a return on investment in health care?

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I. How can human resource management provide a return on investment in health care?

The main functions of Human Resource Management (HRM) pertain to the recruitment of qualified personnel, management of existing staff and planning for future staffing needs and providing occupational direction for the employees of the organization. HRM is not a silo function; it consists of several actions that are performed daily by managers at all levels within the organization.

In addition to the broader duties listed above, Human Resource Management is responsible for the management of hiring and terminations, organization/personnel development, staff training, organizational safety, staff compensation staff wellness, employee benefits, performance evaluation management, employee motivation and the organizational communication regarding these duties.

Based upon the scope of duties assigned to HRM, the function can have both direct and indirect effects on the ROI of healthcare organizations and the industry as a whole. For example, within the hiring process due diligence to ascertain a candidates qualifications and the likelihood of them becoming a valued asset to the organization is taken. Ensuring that personnel being considered for employment can bring value to the organization is critical to the success of the organization. Merely “filling positions” usually pays …