Training and development for employees is also a contributing factor. When people feel valued and appreciated they tend to have a greater level of productivity and higher level of motivation. This is decisive to achieving a good corporate atmosphere.
Time management also plays an essential role. When organizations make use of work planning and balance the workload they have more chances for a successful task completion.
Appraisals are another new element that is part of HRM. They are the tools that monitor employee performance and that can determine the chances for professional growth and advancement.
HRM is a great mean of anticipating staffing needs and recruiting the right employees. In a constantly changing world that is exposed to continuous innovation HR managers need to master all of the steps in HRM and to adapt them to their organization. By following the main principles of the approach a company has much greater chances for successful operation.