Case Study Of Shin Han Investment Company

How positions are filled: Although there is no perfect formula for hiring, the best advice is to start well in advance of a hiring need. The HR professional needs to assess the role/need in terms of knowledge, skills, abilities (KSAs) before writing a job description and posting a vacancy. They are also critically involved in writing interview questions and establishing valid and reliable rating criteria for selection. When interviewing and selecting candidates, the HR practitioner must also ensure that all involved employees are knowledgeable of legal and ethical standards.

Human resource management demonstrated over time to be more than just the paperwork side of an organization, but a difficult position that needed a specific set of skills to provide success for both the organization and its employees. One of the most important roles and first task of the human resource department is handling the recruitment of employees. An organization will not be able to function without employees, but it is key for the HR department to find the person with the particular

In business, the best assets of a company are the employees. The employees set the tone for the organization. An organization’s success stems from hiring the right people. Human Resource Management (HRM) plays a vital role in the selection of the employees. HRM rely on specific tools to draw top-qualified candidates for certain jobs. HRM may uses different applications for screening, interviews, tests, background checks and reference checks to endure the right employees are chosen.

Once the HRD's position is explained and described, the next step is recruitment procedure. Recruitment procedures can be defined as the most suitable candidates for a vacant in that position (Farnham & Stevens, 2000). Hire a right people is crucial and difficult; therefore, the accurate methods of recruitment will attract the most suitable candidates to HRD position (Froschheiser, 2008).

Essentially, the starting point that should be considered when formulating an individual’s role in an organisation is job design. Job design refers to a written document that consists of the specification of the content of a job. Importantly it comprehends an individual’s job tasks and responsibilities that make up an individual’s job (Hartel et al. 2007).

Job Design can be defined as the process of deciding on the contents of a job in terms of its duties and responsibilities on the methods to be used on carrying out the job, in terms of techniques, systems and procedures and on the relationship that should exist between the job-holder and his superiors, subordinates and colleagues.

According to the text Job Analysis is “To make intelligent decisions about the people-related needs of a business, two types of information are essential: (1) a description of the work to be done, the skills needed, and the training and experience required for various jobs, and (2) a description of the future direction of a business. (Cascio, 2006, p.157)

Job analysis is the process of getting detailed information about jobs, and is so important, as it lays a foundation of everything personnel do. Job analysis effects the human resource planning to understand what levels of skill is needed for various jobs, so they know what kinds of human resources to recruit. Job analysis has a huge impact on selection. In order to hire the most qualified applicant, the hiring manager needs to know what tasks the individuals must perform and the necessary knowledge, skills and abilities. It involved training, performance appraisal and career planning. Career planning matches an individual’s skills and aspirations with career opportunities. Lastly, job analysis involves job evaluation which assesses the value of the job to determine the proper compensation.

HRM is made up of the so-called “classic trio” stages: the pre-selection, selection and post-selection stages (Armstrong, 2006). The pre-selection commence with advertising the job via newspaper, television or internet, job description and person

The HR manager first posts openings on bulletin board. They provide information about the job for example they provide positions, locations, pay rates, qualifications etc. Thus they encourage employees to apply for the posts. Then the employees nominate themselves if they are interested in being considered for an opening.

HR managers will be faced with the challenges of recruiting and retaining the right employees for their organization. The first step would be identifying your organizational culture and the cultural and skill competencies required for success. This will give the recruiters the guidelines by which to assess viable candidates. In developing these objectives for creating an effective recruitment process, we will have to have in place a process that differentiates us from other companies. This strategy for success will provide candidates with sufficient and correct information about job expectations. The following will be address as part of the strategy:

HRM’s Role in Finding the Right Person for the Job Human Resources Management as an organizational function is indispensible in providing human capital to ensure the organizational mission and goals are achieved. This requires a particular expertise in determining several factors to hire and retain the most qualified incumbent possible. Several processes must be performed to achieve this goal; such as: job planning, compensation, benefits, recruitment, selection, and development. These correlating processes are instrumental in finding the right person for the job. First, in his book, Human Resources Management, John M. Ivancevich states that “Human

Their selection makes sure that the right person with right set of capacities and attitude is selected, for example if they are hiring for the position of customer satisfaction they would make sure that person being hired has the soft skills, the empathic attitude and it is not extreme in nature. They have devised a set of such soft skills that are evaluated on each of the hiring and these skills differ from position to position. For bureaucratic level position they make sure they hire someone with good analytical skill along with flare of leadership in them. Consequently in Vodafone the complete selection process is linked with the corporate objectives (Armstrong,

Once you have outlined the positions you will need to fill then you will need a targeted recruiting plan which includes identifying responsibilities, knowledge, skills, core competencies and cultural fit for your ideal employee. Use creative recruiting sources to target that individual including social media as an outlet to find top talent. An interview process that allows you the company and the candidate to learn as much about each other is important to making sure it is a good fit.

Retail Sheng Siong is Singapore’s second largest grocer, holding an 18% share of the local market. It owns 24 outlets and three wet market stalls across the island nation, located in the HDB heartlands. Stock Profile/Statistics Bloomberg Ticker STI Issued Share Capital (m) Market Capitalisation (US$m) 52 week H | L Price (S$) Average Volume (‘000) YTD Returns (%) Net gearing (%) Altman Z-Score ROCE/WACC Beta (x) Book Value/share (S¢) Major Shareholders (%) SS Holdings Hock Eng Lim Hock Leng Lim 34.6 12.3 12.3 SSG SP 2,996 1,384 685