Unit 1: Exploring Business: Features contributing to the success of contrasting businesses. My first chosen business is the Thorpe Park Resort. Thorpe park is ‘owned’ by Nick Leslau but also leased by Merlin entertainments which is the largest entertainment business in Europe running over 100 attractions. The ownership of Thorpe park is a public limited company (PLC), this means that it sells shares in the stock market so it isn’t owned by just one person instead it has shareholders.
Day 4 Report Nordstrom Case Study Background Nordstrom was founded as a small shoe store in 1901 and its service-oriented strategy accelerated the company to become the nation’s leader in the retail industry. In the mid-1960’s, Nordstrom introduced an innovative incentive system-SPH to support its high-service strategy and motivate its sales force. SPH was a compensation system evaluated by the sales per hour. During the first two decades since introduction, the SPH system played an important role in the phenomenal success of Nordstrom. However, at the end of the 1980s, the SPH compensation and performance measurement system were distorted and Nordstrom was even sued by some of its employees, trade unions for claims of unpaid work.
In working to develop my abilities to become a human resources manager, I have learned human resource management plays an integral role in increasing the effectiveness of employees to attain the goals and objectives of an organization.
Staffing is the achievement of organizational goals through the effective and efficient deployment of people. (Baack, Reilly, & Minnick,2014) No matter what product or service an organization offers, a good human resources function is essential to its success. The human resources function comprises the activities and tasks associated with recruiting and managing the organization’s personnel. Strong human resources capabilities are necessary to attract, hire and manage the human capital required for successfully performing the business of the organization.
actions, which goes against one of the four basic rights of consumers proposed by President Kennedy: the right to be informed. Human Resource Management “At Lush, we believe in happy people making happy soap”. This is one of the statements that best represents the vision Lush aims to convey. As previously discussed, Lush indeed focuses on producing solely organic products, which would explain why the company is said to produce “happy soap”. However, this statement also raises a different question: What is so significant about the company’s human resource management that would make the employees the happy people of Lush?
I. Introduction In this modern globalization era, human resource is the most important element in the organization. The role of human resource in the organization will contribute to the development of the organization. But, everyone is unique and has their own special characteristics. People also have different abilities, level of intelligence, stress management, motivation and others.
In a company Human Resource is a very important part of the strategic plan. The HR department is the go-to when a company decides how to approach a problem or gain Ideas. If there needs to be hiring, the HR department will take care of it. They will provide the proper training and tools to achieve the organizations goals. There must be a strategic plan put in place that way everyone is on the same page internally within the company to be successful outside of the company.
The HR managers are required to find out right people for the right job and get the job done from them. Other than this the human resource management is also responsible for the motivation, development and training of the employees and retaining efficient employees for a longer period of time. HR management has to make sure that both the personnel and the company are complying with regulations [6]. The human resources can be managed by using either hard or soft approach. The hard approach involves developing strategies for managing and controlling human beings.
Section 4: The Role of HRM (i) Human Resource practitioners face several issues within a recessionary environment. These issues include staffing, pay and benefits, industrial relations, the role of the HR function, unions and a disruption in the patterns of work and employment. During a recessionary period staffing is normally affected. Organisations will try to reduce costs of the organisation. One way of achieving this is through staffing.
Managing talent has emerged as one of the greatest problems faced by MNC’s in India. Using three examples from industry, illustrate how organizations are managing talent in their organization? In one of the interview by Mark Zuckerberg reveals his thought on talent “Hiring for talent is more relevant than hiring for experience.” He also mentioned Less-experienced new hires may be willing to take more risks and have more potential than people with good amount of experience while joining.
1. Introduction Human resource management (HRM) according to M. Ravi Babu, is the theory, techniques, methods, and tools for studying the adjustment of people and their relations in the organization, connection between work and its relations, matching the people and work in order to fully develop human resource management, tap people’s potentials, motivating people, promoting the work efficiencies and meeting the organizational objectives (M. Ravi Babu et al, 2014). Globalization has brought forward a plethora of opportunities for Indian businesses. But these opportunities also bring with it immense challenges. India’s diverse demography entails that HR managers have to face challenges unlike any other faced in the west.
Administration and operations are the two major areas covered under HR. Human Resource Management is a wing of the organization, which is formulated to maximize the employee performance in serving the employer’s objectives. HR concentrates on people management within the organization. HR departments carry out the activities like employee benefit schemes, design employee recruitment procedures, training and development methodologies, managing performance appraisal of
The HRM team teaches the management team how to manage people as business resources strategically. This includes managing, recruiting and hiring employees. In this way, HR professionals are experts, not workers in a business function. They advise managers on many problems related to employees and help the organization to achieve its goals. HRM is the main factor for increasing employees’ productivity.
2.0 Human resource in fast food industry Human resource management is refering to a process of managing the relationship between the organization and its employees. A major objective of human resource management is to make the interests of the organization and its employees coincide whenever possible. (Scarpello, Ledvinka, & J.Bergmann, 1995) Due to today's life style, people oftens used to rush for a meal, therefore alot of buinsess in fast food industries boost up. As fast food restaurants are fast-paced businesses, they need the support of human resource to manage functions such as recruitment, performance management and staying in compliance with employment and food-handling regulations.
As a result,the goals of a human resource department reflect and support the goals of the rest of the organization. Strategic Human Resource Management is defined as the link between Human Resources policies and practices with overall strategic business objectives of an organization. So,Strategic Human Resource Management has a significant influence on managing employees. Strategic Human Resource Management is based on 3 propositions. They are as follows; The human resources or human capital of an organization play a strategic role in its success and are a major source of competitive advantage.