Human Resouce Management Essay Example | Topics and Well Written Essays - 3000 words

Human Resouce Management - Essay Example The main features of the ‘best practice’ approach include strategy setting and planning, which places emphasis on management, regarding the need to set strategically designed organizational goals, then developing plans that will help the organization realize the strategic goals drawn to guide the organization (Bollinger, 2005). The second feature is risk management; where the feature directs that an organization should ensure that it develops and employs a system that will enable the management identify the risk facing the organization. The feature, further, insists on the need for assessing the risks as well as developing ways of treating the risks identified. A third feature is consultation, which emphasizes on the need for making consultations with involved parties, as well as other parties like the community of interest (O’Connor and Raber, 2001). The fourth feature is roles and responsibilities, which guides that the different members of the organization should perform their responsibilities and roles (Bollinger, 2005). The fifth feature is skills, independence and resources, which places emphasis on maintaining a balance between autonomy and control among members, so they can help reach organizational goals. The sixth feature is conduct and ethics, which emphasizes on the need for developing a mode of guiding interactions within and outside the organization. The seventh feature is job execution, where assessing the work of the board is given importance. The eighth feature is succession planning, which emphasizes on the need to develop a plan for the appointment of the successor of the overall manager. The ninth feature is financial and operational reporting, where emphasis is placed on the need to report operational and financial flows (Bollinger, 2005). The Best-fit approach to HRM holds that the practices of the human resources role should fit well with  other functions and organizational