Assigment 14 

Task 1 Resource Management study guide questions. 

Do not copy and paste the answers. Read the information and express the  ideas in your own words or paraphrasing instead of copying. Remember to  write complete sentences not isolated words or phrases. 

 

 

1. What is resource management?

I understand by resource management the action of "managing" or administering all the resources that a company has.

It plans and schedules to have a good use of the materials, in the same way it organizes the departments with which an organization has to be able to optimize times.

 

2. Mention the importance of resource management in business.

Knowing how to manage each resource that the company has has a very great importance, one of them is that it minimizes production costs, it has more profitability, it also minimizes times and processes in order to have a more solidified company with more demand. In the same way, it supervises and improves each of the processes that the organization carries out.

 

3. What are the concepts and components of resource management? Define them in detail.

 

* 1 Resource scheduling

This refers to the planning of each of the resources and what they will be used for.

 

*2. Use of resources

This means that it measures the time taken by each activity to be carried out, it is a key indicator since it influences the final results of the company.

 

* 3 Resource forecast

Resource forecasting helps those in charge of each area to predict what resources are needed to provide in advance what will be needed later.

 

*4. Resource and capacity planning

Resource planning is a process that comes from the beginning of the assignment of activities since this process, as its name says, plans what resources and in what quantity they will be used depending on the time and way in which they are needed.

This is a vital process to ensure that none of the activities are left uncovered or material, labor, or time is wasted.

 

* 5 Reports and business intelligence

Business intelligence helps us to know the information of the company through certain data analysis, the real time in which the organization is located is used, analyzes are generated

 and reports for each department and the observations needed to personally know what was wrong or what was improved in each previous step are given.

This helps managers in each area know where to pay more attention and how there are some significant changes.

 

 

 

4.What are the advantages of resource management? 

The advantages of having a good management of resources are many but one of those that I personally consider to be very important is that it reduces costs, does not waste material or lack, and not only costs are reduced, but also the time and hand of work, you also see a significant change in employee performance.

At the moment of knowing how to manage time, there will be no time delay on the requested product and customers will be satisfied.

 

 

 

5.What are the skills that every resource manager should have? Explain  each in detail.

1 Capacity for analysis and organization

The actions carried out from the human resources department must be in line with the company's strategy, so the capacity for analysis and organization is vital. The director of human resources is the most direct link between the vision of the managers and that of the workers, so he must connect people with the results, applying his organizational skills and analyzing the possible situations that may arise.

2 Team management

The Human Resources director must have the ability to know how to coordinate and communicate with his team in an appropriate way. And, good team management will reduce labor disputes and increase the confidence of workers in the company. The HR manager can base his strategy on team-building, which encourages personal relationships between workers so that the group functions in a much more efficient way.

3 Leadership and empathy

A Human R hesources directoras to be a leader and an example for employees, with the aim of getting the maximum involvement of their workers with their organization and their team management. But this leader also has to listen to the workers, show them trust, explain their doubts and, above all, be empathetic. The ability of one person to put himself in the place of the other, a skill that the team leader must work on and enhance so that his colleagues feel that he is someone close to their reality, capable of understanding them and resolving their conflicts.

4 Negotiation skills

Precisely for this resolution of conflicts that may arise in a team, negotiation skills are essential. Among the functions of the HR director is to reach agreements that benefit the workers and the company. Negotiating, yielding, offering alternatives or saying is not part of this professional's day-to-day life.

5 New technologies

The Human Resources director must be a great defender of new technologies, as long as they imply improvements in the organization. Aware of the benefits that digital can bring to the workplace, this professional should try to implement new technological tools and show them to their employees, in addition to continually training in this area. And, the HR department must take into account the extraordinary implications that the new Digital Era is bringing with it in organizations to take advantage of corporate purposes.

6 Talent management.

The Human Resources director must know how to identify, internally recognize, manage, develop and enhance the talent of any organization. This professional is not only in charge of managing the team but is also in charge of hiring new members, so knowing how to recognize the skills and talent in others is more than necessary.

European undergraduate institute. (2020, March 16)
"Skills of a Director of Human Resources”

 

 

BIBLIOGRAFIA

 

Anuradha Mansinghka Y Sudeshna Negi. (2021, October 6)

“What is Resource Management and its Importance?”
https://www.saviom.com/blog/what-is-resource-management/

European undergraduate institute. (2020, March 16)
"Skills of a Director of Human Resources”
https://www.iep.edu.es/habilidades-de-un-director-de-recursos-humanos/