HR portfolio for the position of Human Resource Executive Dissertation

HR portfolio for the position of Human Resource Executive - Dissertation Example Managing the largest crude oil reserves in the world amounting to 260.1 billion barrels, Saudi Aramco also accounts for the fourth largest gas reserves in the world (Saudi Aramco, 2012). Employees hailing from more than 70 different nations in the world; the organization demonstrates a highly efficient and advanced human resource management structure. The HR department of the company works hard for the development of a workforce which makes effective contributions towards the growth and success of the organization. Additionally the company’s high popularity as a preferred employer reflects the degree of comfort and convenience it provides to the employees working in the organization (Cocks & Laframboise, 1995, p.1-3). HR portfolio for the position of Human Resource Executive is developed in this assignment. This particular position makes contribution towards the organizations in terms of staffing, recruitment, selection, compensation strategies, training and performance management. The position is essentially crucial for aligning HR activities with business requirements of the organization. Decisions taken by the management are communicated to people at this position who are subsequently responsible for implementing them and accomplishing the desired task. Besides the conventional HR activities the position also adapts itself with the external environment of the organization. It has the important role of constantly trying to be innovative and its strategies, and improving and developing the workforce of the organization such that it can cater to the changing needs of the business (Boudreau & Jesuthasan, 2011, â€Å"Your HR Portfolio†). b. Outline the strategic importance of the job to the o rganisation The skills possessed by an organization accounts for one of its major competitive factors. It is the quality of the workforce which reflects through organizational performance and productivity. The competition for talent has prevailed in all organizations, big or small since decades and continues to do so. In this context HR departments have a leading role to play. Acquisition of talents from the industry as per the demands of the organization plays a critical role in ensuring performance output of the workforce as per the desired standards. A mismatch between desired and actual talent can result in reduced performance levels. Thus the role of Hr executives has strategic implications in the organization as they support the attainment of strategic aims and objectives of the firm. HR executives necessarily work towards the achievement of business objectives of the firms. The strategic decision as to whether an employee can be recruited for meeting the firm’s product ivity and performance lies in the hands of HR executives. Training and developmental