In a global marketplace, a large multinational organisation must manage human resources as tactically as any other department (Peterson, Ulferts & Wirtz, 2009). In the development of their business strategy, most companies possibly overlook the Human Resources (HR) department and accord it minimal attention. However, it is evident that successful HR management may play a pivotal role in the long-term success of a firm (Ref). The purpose of this report is to examine and analyse the major business concerns affecting Consolidated Global Mining Services (CGMS). The report will discuss the current HR issues affecting the organisation and recommendations based on HR concepts and literature will be provided. Finally, future challenges for the …show more content…
Identifying and addressing this area will improve the firm’s delivery of service as well as assist in improving employee commitment, managing change and the effective implementation of strategic action.
Unsatisfactory HR planning is a key issue present in CGMS due to poor work balance and amorphous supervision of employees. HR planning covers many comprehensive goals and responsibilities imperative for every organisation. This helps an organisation to maintain to a balance between effective employees and efficient service (Akhigbe, 2013). The firm’s recently appointed HR director has been faced with the challenge of either acting as the ultimate capacity builder or ‘toe-cutting’ the workforce as the firm is relatively overstaffed and the large workforce lacks appropriate supervision. The firm does not wish to release their human capital, but at the same time needs to ensure HR budgets are managed appropriately. As such, the need to balance expenditure against income is an issue identified in the company. The chief financial officer at CGMS communicated that wages and salaries caused much of the firm’s financial pressures. This is a direct inference of the ratio between employee numbers and the income generating services of the firm. A large number of employees may not represent good performance and hence, employee screening might be required
Human resource departments today have a more distinct, calculated position within organizations, and human resource strategy influences the bottom line. “One of the challenges for HR leaders is convincing executive leadership teams that human capital is one of the most important resources in which the company can invest” (Mayhew, 2014, p.). Subsequently, “this return on investment is an essential part of the argument for including HR as part of an overall business strategy” (Mayhew, 2014, p.). Human resource departments utilize the information given to them from company executives and leaders, coupled with their respective expertise on all things personnel, and they plan and implement staffing concerns for the betterment of the organization. From preparing job analysis, to comparing inventory and forecasting, it is the responsibility of human resources to consider the objectives of an organization and fulfill those goals while operating the specific planning relative to HR.
ABSTRACT The roles and responsibilities of Human Resources departments are transforming as the modern business faces pressures of globalization. The global supply of talent is short of its long-term demand, and the gap is a challenge for employers everywhere. The shortage between the demand and supply of talent is likely to continue to increase, notably for high skilled workers and for the next generation of business executives. Now organizations need to place greater emphasis on attracting human capital rather than financial capital. Global staffing and management of a
A maternity leave policy should be in place for if a lady falls pregnant this
In this regard, the HR department plays an important part in the successful implementation of the cost-efficiency strategy because Human Resources can increase the effectiveness of their performance without substantial and costly changes being introduced. For instance, Mr. Morgan should consider options for saving costs within the HR department that will decrease the costs of the company, and he should consider possibilities to cut spending on the HR department without decreasing the efficiency of its performance. At the moment, Mr. Morgan considers the possibility of introducing HRIS that can save costs and enhance the performance of the HR department.
1a. Rio Tinto is a business that operates in many countries. When there was a global recession, Rio Tinto had to fire some of its employees so they could stay in business. Rio Tinto’s HR used their strategic role to revamp their HR, the HR addressed the needs of the company, and how human capital fits into these needs of the company (Mathis, Jackson, & Valentine, 2014, p. 16). Rio Tinto’s HR used a different approach then they would have used previously. Previously, the company used an approach that would analyze every business unit, then managers and HR directors would approach the reduction in force differently. The company adopted a coordinated approach to lay off its employees globally. This approach was an efficient and ethical way to downsize their workforce. The HR department recognized key leaders and managers in the organization and moved them internally, so they would be able to retain them. These leaders
Rio Tinto, an international London based mining and mineral company was severely impacted by the global recession in 2008. Such an impact forced unprecedented workforce reductions worldwide and decentralized HR management had to be brought in under a single umbrella to insure an orderly and efficient system that would support the organization’s future productivity. This new proactive approach to management, utilization of technology, and preparation of the employees proved to help save the company and set the stage for continued future operations.
A good human resource department is essential to any successful businesses in today’s society. Before human resource managers were seen as people who deal with employee disputes and little more, now this is just one small part of their role to organisations. Human resource is a huge department for reasons as being a key planner in helping company’s employee performances. In this essay I will be exploring the different types of personnel management that is used, assessing the roles of human resource practitioners, Evaluating the responsibilities of human resource practices and evaluating the process of job evaluations and the main factors which determine pay whilst describing the link between motivational theories. I will also explore the different organisational approaches to monitoring staff performances in doing so I will show evidence of my research by referencing appropriate material.
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
Planning is very important to our everyday activities. Several definitions have been given by different writers on what planning is all about and its importance to achieving our objectives. It is amazing how current organizations are taking this part of human resource important, this is so because most managers have started releasing the value of human resource planning in organizations. Organizations that do not plan for the future have less opportunity to survive the competition ahead. This article will define human resource planning; discuss the importance of it and the major steps involved when planning the human resource of an organization which are: Forecasting, inventory, audit, HR plan, Auctioning of plan, and Monitoring & control.
The purpose of this paper is to discuss and explain the value of Human Resource Management on a global scale. Human Resources Management is a valuable asset to many organizations around the world. There are several factors that come into play when considering the functions of business on a worldwide scale. Some aspects of Human Resource Management include training, management development, performance appraisal, and compensation. The focus level in individual areas of Human Resource Management may differ between countries, and organizations, but overall HR is an organizational asset worldwide.
In this changing world, our global business theories and literature have implications toward the future. The future of this growth and success depends largely on the key component which is Human Resource Management. So, we as researchers hope to enlighten and inform you as employers the significance of an effective solution that both understands your employees and is beneficial to your company. That is why we offer our recommendations in the end of this article based on our findings.
The sudden boom in the resource sector worldwide due to energy demands from mature and emerging industrialized nations has led to numerous issues. From a Human Resource Management perspective, this quick expansion of the resource sector has led to labour shortage with both skilled and professional work force. The need for effectively managing labour poses a number of challenges to Human Resource Management.
In the last decades, small national companies have grown in amazing scale all around the world. Companies that once were family owned have become huge multinational corporations. Corporations, which by the side of globalization, have expanded all around the world. International business has become one of the most important areas of business due to the need for companies to expand to markets outside their borders. Companies have had the need to adapt to another cultures and business systems. At the same time the way human resource management works has changed. Multinational corporations have had to adapt to new human resource requirements in order to be more effective and efficient. The business
A survey conducted amongst Human Resources (HR) professionals in September 2007 stated they consider employment and recruitment one of the most critical HR function areas. (Gurchiek, 2008) According to Harris (2011), the size and quality of the workforce makes a huge impact on the effectiveness of the company. The size of the workforce also goes on to determine how the human resource area will function and what its priorities will be. Larger companies go on to work with a large workforce but that also means bigger responsibility. The company needs to be aware of how the employees are working and whether their output is what it should be.
In today 's changing business environment, Human Resource Management is being evaluated as one of the major differentiating factors between successful and unsuccessful organizations. HR management is a very new area of study especially in comparison to law, economics or sociology. However, there is no need to prove the relationship between the performance of organization and HR management. It is obvious that HR management has critical impacts on the productivity of organizations. So in the first part of this paper competitive business strategies and HR management strategies of Tata Steel Europe are going to be investigated. In addition to these, people and organizational challenges which can be encountered by Tata Steel