Finance assignment Case Study Example | Topics and Well Written Essays - 1500 words

Finance assignment - Case reputation ExampleOften times, the benevolent resource management (HRM) department is considered inferior to some other departments like finance and marketing, as it does not contribute to the revenue generation of the organization directly (Davis, 2011). This paper focuses on the fiscal aspect of the human resource management as it discusses its magnificence in the organization. It highlights the fact that HRM department is falsely underrated, because it also contributes to the revenue of the firm. In this study, the case of John Lewis Partnership has been highlighted to point out the financial importance of the HRM in an organization.The human resource management (HRM) is described simply as proper allocation of human capital in the right time and in right place. By the proper allocation of the hunt force in all the departments, an organization is able to increase the overall efficiency of the firm (Lundy, 2008). The increase efficiency eventually le ads to higher revenue generation and avoids resource wastage by inefficient usage. Thus it is scant(p) that the financial importance of the HRM lies in the efficient use of human resources in such a air that the financial investment made in the HR department gives proper return. The return on investment of the HR department is determined by the financial outfit of all the other departments and the organizational output as a whole (Price, 2011).According to Woods (2012) John Lewis partnership (JLP), unlike any other retail firm, is run by the employees who pose as the partners of the business operation. The management is run by a trust which operates on behalf of the employees. JLP has put the HR department in the in the centre of the management conclusion making. The HR department is prioritized so much that Andy Street, one of the personnel director made his way to the go under of Managing Director (Cunliffe and Craik, 2014). The concept of partnership allows the employees or partners to enjoy benefits from the