Write 6 pages thesis on the topic the importance of human resource management department in business organizations. Internal and external factors influence the HR function. The internal factors range from the organizational culture, which consists of the core values, beliefs, and assumptions shared by the members, the climate, which implies the atmosphere. External factors include economic factors like labor market conditions, demographic trends, work-force diversity, technology, globalization, and the changing trends in work. The HR function must be able to develop strategic insights. It should assist the organization to more effectively source, evaluate, and motivate employees in the turbulent work environment. To recruit, motivate, and retain employees, at each stage we should consider compensation benefits. The total compensation benefits would include all forms of cash compensations, shift differentials, overtime, bonuses, commission, health benefits, paid leave, retirement, and life insurance.