“Outline the four dimensions of human resource management practices, including specific examples of human resource practices within each area”.
The four dimensions of human resource management practices are: Managing The Human Resource Environment, Acquisition and Preparation of Human Resources, Assessment and Development of Human Resources, and Compensation of Human Resources as stated by Noe et al (2010). These four practices help companies deal with the competitive challenges (e.g. global, sustainability and technology) they are faced with.
Managing The Human Resource Environment
Managing the Human Resource Environment is a crucial tool, which encompasses of compliance issues, companies objectives and the work environment. Here,
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These employees would need to be of high standards to meet the company’s objectives. Moreover, there is a possibility for the head count to be reviewed based on situations. In the example of Boeing where there was a job cut for 10,000 in 2009, almost none of these cuts included their most senior employees. This can be attributed to the fact that back in the 1990s, Boeing had a similar cut where they supplied the workforce with voluntary buyout plans. Workers with the most experience accepted the then buyout and when the recession ended, Boeing tried to expand but was hurt by labour shortages in the jobs that require the most experience. So this time round, Boeing picks and chooses who should stay and leave, so more often than not, workers with the higher levels of experience are hired.
Thereafter, the need to retrain and retain the talent pool through promotions and competitive remuneration package would need to be reviewed. However, it is not short of having the need to revise the retirement age and to release employees deemed unsuited for the new objectives. Hence, a new talent pool aimed at exceeding, if not meeting, expectation would be formed to successfully deliver the company’s commitment.
Assessment and Development of Human Resources
With the acquiring of quality employees comes the assessment and development of Human Resources. Having the right people for the job is just selecting the right people to
However costly, the benefits of effective and efficient recruitment and selection, along with appropriate policies and procedures for retention, could outweigh the costs as well as reduce the costs of high labour turnover. Armstrong (2006, p97) cites Purcell et al (2003) to state that 'the way managers implement and enact policies ' is crucial in achieving greater competitive advantage. This process spans from gathering the potential candidates for a job position to short listing and in the final stages, selection. They may have knowledge of suitable candidates; however it is the ability to recruit the right people for the right job through, essentially, a systematic and fair, procedural process. However, choosing the right person for the right job is not always easy. Effectively conducting job analysis and targeting right potential candidates ensures a good match between applicants and the jobs (Delaney et al 1996). Argument has been given that under qualified employees may not able to effectively perform their job positions due to lack of knowledge and competencies, while on the other hand over qualified employees tend to experience less job satisfaction due to their higher qualification than a desired level for a given job (Johnson et al 2002). For every job in the organisation, a thorough job analysis, which includes
There are certain strategies that employers use to make sure that they find the right employee such as advertising, employment agencies, web, colleges, professional employment organizations, temp agencies, unsolicited applications, and soliciting specific applicants. There is more than one way to look for employees. My friend, Jonathon Montgomery wanted to start up a small marketing business for local restaurants and sought to hire lot employees to spread the word around town. He went on craigslist to create an ad and three days later he found himself interviewing multiple groups of people to fill the role. He did not have as much trouble in the interviewing process, but he has a lot of trouble in the selection process. In the selection process, it is important to understand the strategy used to select the most qualified employee for the position. Selection the right employee is important and was really important to Jonathon. Our reading states, “ Selecting the right employee is one of the most crucial processes.” (Youssef, C. 2012) It is important, because when selecting the right employees, human resource management must take into consideration, laws of equal employment opportunity and while making sure they select the most qualified candidate to fill the role. In addition, organizations take into consideration within the selection process, employees are not only equip with the job qualifications, but they are equipped with the characteristics, such as motivation,
Human Resource Management (HRM) are activities managers perform to plan for attracting, develop, and retain a productive workforce (Kinicki & Williams, 2016). The role of human resource management is to prepare, develop, and administer policies and program designed to make expeditious use of an organization human resources. Part of control which is concerned with the people at work and with their relationship within an enterprise. HRM have their hands full; they have to face employees daily with a complaint, write-ups and sadly terminating of the worker. All areas of HRM such as, staffing, orientation, training, development, pay wages benefits are all significant parts that are dealt with daily. Human resource management presents itself as
Human Resource Management, was developed in the late 90’s, by R. Wayne Mondy and Judy Bandy Mondy. It was designed to help new students become familiar with human resource management, providing both realistic and practical scenarios of HR’s strategic role in planning and operating organizations. Through various examples from the research of company material, it demonstrates that all managers are necessarily involved with the human resources part of business, which is
The first thing to consider when planning on hiring people is the overall goal of recruitment clear goal of what the company wants to achieve. (Chen et al, 2004). The need arises to complement the situation of the organization, such as recruitment may be to substitute an old staff due to career advancement, or retirement or creating a new role of work (Buchan and Dal Piz, 2002). In whatever situation, the company needs to have a precise understanding of the standards, such as skills, competence, education and working experiences. (Thornley, 2000).
Human resource management refers to the management of the tasks involved in human or personnel matters in the management process. Human resource management includes: job analysis; development of human needs planning and recruitment; training and development; compensation and welfare management, performance evaluation; labor relations management.
Johns and Perkins (2012) summarise HR Professionalism as having 4 concentric circles and these being; managing self, managing in group/teams, managing upwards and managing across the organisation.
This assignment will be investigating what constitutes “best practice” in recruitment and selection, and explain what strategies should be used to ensure the best qualified and most effective employees are selected. In particular this essay will focus on;
a good employer. Hence the employee retention rate is very low. The purpose of this report is to propose a
Abstract: Human Resource Management is fast gaining popularity and its importance is becoming unavoidable, this is due to the fact that Human Resource Management plays a huge role in the growth of any company irrespective of its size. Unfortunately it is yet to achieve global standards or strategy of operation; this can be attributed to the various differences between environmental factors, employment attitudes, cultural
Human resources provides method of improving employee contribution to the organization. Current human resource issues have often already been recognized and addressed in some manner in the past. This provides a rich source of data to learn lessons and model best practices.
Human Resource Management is designing management systems to ensure that human talent is used effectively and efficiently to accomplish organizational goals (Mathis & Jackson, 2008). To that end, Human Resource
The key elements of human resource management are to attract, develop, and maintain a high quality workforce (Schermerhorn et al., 2014). It’s about building the right team of people who align together perfectly and will get the job done efficiently. If an organisation fails to do so, then chances are they will not succeed in the long run.
The success of an organization can be attributed to a number of factors. Some of these factors include not only the quality of physical resources but also the people working in that particular organization and their skills. Human resource management typically, refers to the practices/policies of organizations and how these policies affect the behaviours and performances of their employees. This paper will discuss how the practices of human resource management enable a firm to obtain a competitive advantage over other competing firms in terms of training, recruitment, diversity management and employment equity. We will discuss the human resource management policies of KPMG which is an accounting firm and is in fact, one of the four largest professional services companies in the world. KPMG employs more than 162000 people and specialises in auditing, tax and financial advisory services. They have achieved this feat by attracting and keeping the most skilled employees that are available in today 's dynamic business world. I chose this company because they are a prime example of the kind of success other companies should be striving for. They are well managed with equal importance being given to each of their employees and have a very good work culture in general. It is a well known fact that no strategy, no matter how well drafted, will work unless you have the right people, with the right skills, in the right roles and supervised by the right leaders. In today 's day and
In order to understand what Human Resource Management is, one must understand what a resource is. Resources are assets that one has access to, and therefore, can rely on. In our own personal lives we rely on resources of various types such as our money, our vehicles, and our families, all of which are personal resources. Businesses also rely on assets such as money, equipment, and personnel or employees in order to be successful. Therefore, Human Resource Management (HRM) is the management of a