The responsibilities of the human resource management

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During the past 50+ years, the responsibilities of the human resource management profession have changed. Based on the provided resources (and others you might wish to use), share your thoughts about:

The differences between the past and current roles in this profession,
How and why the roles have changed,
What might the future hold for the field of HRM, and
How might you envision and prepare for a future career in the HRM field?

 

Sample Solution

Human resource managers have strategic and functional responsibilities for all of the HR disciplines. A human resource manager has the expertise of an HR generalist combined with general business and management skills. In large organizations, a human resource manager reports to the human resource director or a C-level human resource executive.A human resource manager has two basic functions: overseeing department functions and managing employees. That’s why human resources managers must be well-versed in each of the human resources disciplines – compensation and benefits, training and development, employee relations, and recruitment and selection. Core competencies for HR management include solid communication skills, and decision-making capabilities based on analytical skills and critical thought processes.

to obtain in each target year, age at pension, number of deaths at each age, and the exposed to risk at each age. Pensioners were exposed to investigation from the pension year to June 2014 and were observed from ages 55 to 80 years. The investigation was done only up to age 80 years because after 80 years reported deaths were very scanty and to avoid distorted or misleading results.
3.3: Methodology
Secondary data was used for the research which gives the number of workers who retired at a certain age x to x+1 as the exposed (Ex) within the year. It also counts the number of pensioners who died in a particular year (dx). The crude mortality rate (qx) produced at a particular year is discrete and not smooth. Graduation is done to change the discrete to continuous and for smoothness using Poisson model. But the data on the female mortality has excess zeros which the Poisson model did not fit. A zero inflated Poisson (ZIP) logit model was proposed.
Exposure-to-risk (Ex):
The Ex denotes the number of person years lived during year by people aged x at the start of the year. Assuming that people who die during a year have on average been alive during half of the year, the exposed-to-risk can be approximated by the number of survivors plus half the number of deaths in this group. (Pitacco et al, 2009). The differences in observation periods are accounted for by the count model by including the log of the exposure variable in model with coefficient constrained to be one. The exposure makes use of the correct probability distributions that is why it is superior in many to analyse rates as response variables. Also the exposure is used to adjust counts on the response variable and it is possible to various kinds of rates, indexes or per capita measures as predictors.

Production of Crude Mortality Rates for 1990, 1995, 2000 and 2005
The crude mortality rate for a given age for any given year is the probability that a person at age x dies that year. Crude mortality rates are usually calculated by simply dividing the relevant number of deaths by the number of life-years that were exposed to the risk of death over that period. The crude mortality rates for each plan year 1990, 1995, 2000 and 2005 were developed accordingly.

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