Question :- Discuss comprehensively on the human resource management planning in relation to industrial revolution 4.0.
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“… In a survey conducted in 2019 by McKinsey, 60% of executives interviewed expected half of their employees to be retrained or upskilled in the next five years.
A Gallup study shows that organizations that have made a strategic investment in employee development report 11% greater profitability and are twice as likely to retain their employees.
Still, the Covid-19 crisis pushed companies to increase pay cuts, voluntary retirement and layoffs. The consequences on the workforce have been devastating, reducing the long-term competitive edge of the companies. Employee morale has decreased, training and development costs have been cut off, and valuable knowledges has been lost. At the same time, many other companies are ramping up hiring to accommodate new skills needed.”
Question :-
Discuss comprehensively on the human resource management planning in relation to industrial revolution 4.0.
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- Employers are shifting more responsibility to employees in the area of employee benefits. Describe (2) specific examples of this trend. What are the likely consequences of this change?Amid the pandemic, prepare a strategic plan post Covid which would guide a Telecommunications company for the next 3 years. As Human Resources Manager (HRM) Identify and discuss five activities you would include in your plan. When preparing your response take into consideration the Influence of Macro - Environmental Factors (PESTEL/PESTLE)Adobe Consulting Services (ACS), a provider of human resources software application systems, prides itself on the variety of benefits it offers to its employees. In addition to health care, pension and vacation benefits, it also offers an attractive family benefits package, including flexible hours, child and senior care assistance, counseling services, adoption assistance, and extended paternity leave. Unfortunately, in recent months, the company's progressive life and work policy has seen negative reactions from several employees, as the following case illustrates. In March 2011, Teresa Wheatly was hired by Adobe as a software account manager. With excellent administrative and technical skills, plus four years of experience in Adaptable Software, Adobe's main competitor, Teresa became a valuable addition to the company's marketing team. As a single mother of two boys in elementary school, Teresa received permission to take Fridays off. She was also allowed to leave early or arrive…
- Adobe Consulting Services (ACS), a provider of human resources software application systems, prides itself on the variety of benefits it offers to its employees. In addition to health care, pension and vacation benefits, it also offers an attractive family benefits package, including flexible hours, child and senior care assistance, counseling services, adoption assistance, and extended paternity leave. Unfortunately, in recent months, the company's progressive life and work policy has seen negative reactions from several employees, as the following case illustrates. In March 2011, Teresa Wheatly was hired by Adobe as a software account manager. With excellent administrative and technical skills, plus four years of experience in Adaptable Software, Adobe's main competitor, Teresa became a valuable addition to the company's marketing team. As a single mother of two boys in elementary school, Teresa received permission to take Fridays off. She was also allowed to leave early or arrive…Adobe Consulting Services (ACS), a provider of human resources software application systems, prides itself on the variety of benefits it offers to its employees. In addition to health care, pension and vacation benefits, it also offers an attractive family benefits package, including flexible hours, child and senior care assistance, counseling services, adoption assistance, and extended paternity leave. Unfortunately, in recent months, the company's progressive life and work policy has seen negative reactions from several employees, as the following case illustrates. In March 2011, Teresa Wheatly was hired by Adobe as a software account manager. With excellent administrative and technical skills, plus four years of experience in Adaptable Software, Adobe's main competitor, Teresa became a valuable addition to the company's marketing team. As a single mother of two boys in elementary school, Teresa received permission to take Fridays off. She was also allowed to leave early or arrive…Adobe Consulting Services (ACS), a provider of human resources software application systems, prides itself on the variety of benefits it offers to its employees. In addition to health care, pension and vacation benefits, it also offers an attractive family benefits package, including flexible hours, child and senior care assistance, counseling services, adoption assistance, and extended paternity leave. Unfortunately, in recent months, the company's progressive life and work policy has seen negative reactions from several employees, as the following case illustrates. In March 2011, Teresa Wheatly was hired by Adobe as a software account manager. With excellent administrative and technical skills, plus four years of experience in Adaptable Software, Adobe's main competitor, Teresa became a valuable addition to the company's marketing team. As a single mother of two boys in elementary school, Teresa received permission to take Fridays off. She was also allowed to leave early or arrive…
- Adobe Consulting Services (ACS), a provider of human resources software application systems, prides itself on the variety of benefits it offers to its employees. In addition to health care, pension and vacation benefits, it also offers an attractive family benefits package, including flexible hours, child and senior care assistance, counseling services, adoption assistance, and extended paternity leave. Unfortunately, in recent months, the company's progressive life and work policy has seen negative reactions from several employees, as the following case illustrates. In March 2011, Teresa Wheatly was hired by Adobe as a software account manager. With excellent administrative and technical skills, plus four years of experience in Adaptable Software, Adobe's main competitor, Teresa became a valuable addition to the company's marketing team. As a single mother of two boys in elementary school, Teresa received permission to take Fridays off. She was also allowed to leave early or arrive…Last year, your company was heavily affected by Covid 19. The company suffered both financially and emotionally. Workers did not get their annual salary increment. The workshop planned for senior management could not be held. Moreover, two workers (one female and one male) at different times lost their lives to the disease. Recognising the trauma that the company and its workers went through, you think that it is prudent this year to make it up to the workers. What would you advise management to do? What will be priority? Suggest four strategies, identifying a number of activities under each.A growing number of small and midsize employers are opting to self-insure their employee health plans, in part because self-insuring allows employers to avoid some—but by no means all—of the coverage mandates and administrative costs imposed by the Affordable Care Act (ACA). While the data do not conclusively demonstrate that ACA is the reason for this shift, the findings "are consistent with the prediction that the ACA would cause more small- and midsized employers to adopt self-insured plans". Briefly describe two main the reasons why, after 2000, an increasing percentage of employers with 1400 to 5000 employees chose to self-insure to provide health insurance to their employees ?
- The great global recession has claimed many victims. In many countries, unemployment is at near-historic highs, and even those who have managed to keep their jobs have been asked to accept reduced work hours or pay cuts. In some cases—say, the US auto industry—job losses have been predictable but no less painful. However, in other cases, they have come as a surprise. The financial and psychological pain caused by the recession may lead you to wonder whether employees attempt to get even. Is there evidence the recession has led to increased incidents of workplace violence, sabotage, or theft? Following the economic down-turn in 2008, nearly 400 employees were asked whether the recession had caused a recent rise in thefts of money among employees, 18 percent said yes, 41 percent said no, and 41 percent were unsure. Discuss how the following variables may affect an employee's likelihood to steal from their company: Employee attitudes Employee satisfaction Employee personality Employee…XYZ Airlines has had a financially disastrous year. Sales have plummeted by more than 40%. Cut-throat competition, Covid-19 pandemic and the terrorist threat have savaged its business. Every department is under enormous pressure to cut costs and reduce headcount. Employees have extremely heavy workloads and are being pushed to their limits. XYZ Airlines' marketing department, in particular, is under pressure to improve its performance. A key member of the marketing team is the customer service manager, Jamey Bond. James is regarded as competent and hardworking. However, over the past few months, Jamey has been taking more and more days off from work because of illness. Initially, other members of the department were sympathetic, but Jamey's absences have become a source of discontent as his colleagues have had to do his work as well as their own. Stan Cole, the marketing manager, is becoming increasingly frustrated with Jamey. Under considerable pressure from management, he is…What are the possible reasons, other than what has been stated in Pink's speech, for the counter productivity of financial performance incentives? What are some of the contributing factors that lead to excellent performance other than financial rewards?