...Human Resource is managerial activities that develop and maintain a qualified workforce (human resources) that in turn contributes to organizational effectiveness. Human Resource Management (HRM) is the process of hiring and developing employees so that they become more valuable to the company. HRM has always played a part in contributing to the success of the company either directly or indirectly. It is important for companies to be more strategic in the way it operates in order to meet the business needs of the company. At the same time, it cannot lose sight of the critical value and importance of people in the process. Like other areas of management, HRM is involved in setting policies, formulating plans and trying to make decisions for the benefit of both the company and the employees. Above all this, the driving force that drives the success of the company is its people. They provide the company with the competitive edge and are the most valuable asset to the company. It is therefore important for HRM to assist the company to effectively and efficiently manage its human resources and having activities that would complement and promote business growth. HR practices such as skill enhancement, job design, selection measures, compensation-linked appraisals, merit promotions, and training have all been found to enhance firm performance. According to Fortune, Wegmans Food Market, Inc. is number five on the top 100 Best Companies to Work For. Every Wegmans has one HR in every...
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...Maps and models of HRM Based on Human Resource Management, 4th edition, by Alan Price Maps and models of HRM This section begins with a discussion of various approaches to HRM, including Keenoy's hologram comparison and Sisson's 4 main features of HRM models. A key concept is that of Hard and Soft HRM: 'Storey (1989) has distinguished between hard and soft forms of HRM, typified by the Michigan and Harvard models respectively. 'Hard' HRM focuses on the resource side of human resources. It emphasizes costs in the form of 'headcounts' and places control firmly in the hands of management. Their role is to manage numbers effectively, keeping the workforce closely matched with requirements in terms of both bodies and behaviour. 'Soft' HRM, on the other hand, stresses the 'human' aspects of HRM. Its concerns are with communication and motivation. People are led rather than managed. They are involved in determining and realizing strategic objectives.' Human Resource Management, 4th edition goes on to consider the views of Guest and Legge and then discusses the classification of HRM models. Three American perspectives on HRM are provided from the work of Fitz-Enz, Ulrich and Pfeffer. Points to consider * A fundamental element of most rhetorical accounts of HRM is that one of the distinctive features of human resource management (as opposed to personnel management) is that it is 'holistic'. In other words it is concerned with the 'big picture' and the way that different...
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...GLA 530 / Human Resource Management Global HR Paper August 21, 2011 An organization's success depends on the knowledge, skills, and abilities of its employees, particularly as they help establish themselves from competitors and other organizations. A continued competitive advantage can be achieved with an organization that has employees with talents that are rare, valuable, and difficult to imitate. Human Resources and Managers must work together to develop strategies to identify, recruit, and hire these types of employees. Through recruiting and selecting the best talent organizations are able to have higher productivity and compete with the highest levels. Human Resources can ensure that organizations have a competitive advantage by selecting the right employee for the right job. This is something necessary that should be recognized in the United States and also globally. Competition businesses compete in is rapidly becoming globalized. More organizations are entering international markets by exporting their products overseas, building plants in other countries and entering into alliances with foreign companies. Organizations feel they are trying to gain a competitive advantage through international expansion. Deciding whether to enter foreign markets and whether to develop plants or other facilities in other countries is a huge decision matter and many human resource issues surface. If human resources manage the issues that the organization is faced with when globalizing...
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...HR design in a volatile world – human resource planning in the 21st century The increasing globalisation of the marketplace combined with an increasing shortage of skilled staff and advances in technology have resulted in large scale changes in recruitment practices. Recruitment is the process of finding and attracting appropriate job candidates capable of effectively filling the job vacancies available within an organisation. For successful recruitment, the human resources department needs to analyze the vacant position so that detailed job descriptions and job specifications can be created to efficiently help with the hiring process. Recruitment can either be internal or external. Internal recruitment is promoting existing employees in conjunction with internal training and external recruitment involves recruiting suitable candidates with relevant experience and qualifications who have not previously worked within the organisation. From The Conference Board of Canada's report, Valuing Your Talent: Human Resources Trends and Metrics we learn that employers need to develop workforce strategies to attract and retain employees in the current climate. As the economy starts to recover organizations will face a risk of higher turnover with employees considering new opportunities. A growing economy and an aging workforce mean that it is just a matter of time before pressure in labour markets begins to build again; the demand for skilled and talented employees is growing although...
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...already examined their external environment and will now look inwards towards their internal environment. This involves looking at their resources, their capabilities, and then their core competencies. Resources An organization’s resources can be divided into two types, tangible and intangible. Tangible resources are those that can be seen, and touched, and measured. These include financial resources, physical resources, and technological resources. Intangible resources are those that are not touchable and not easily quantified. They are comprised of human resources, knowledge capital, organizational structure and brand or reputational resources. NITL’s tangible resources begin with their financial resources. While this resource was previously a strength of the organization, it has become a weakness and the main reason why they are reaching out for help. During the recession of 2008-09 the league lost a good deal of its membership and many have not renewed now that the economy has made a turn for the better. As far as physical resources, the league is run out of an office in Washington, D.C.. The proximity of the office to Capitol Hill makes it more convenient and cheaper for the CEO to work with legislators and lobbyists. The office equipment seems to be sufficient for the type of work that the organization does. One of the technological resources that the firm possesses is their website. This may be seen as a weakness as the site is fairly pedestrian...
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...ingeniously when it comes to resources. What does this mean and why is it so important? (Question #1) Entrepreneurial use resources that includes the management team, the board of directors, consultants, financial resources, assets such as the plant and lastly the business plan. According to Howard H. Stevenson, entrepreneurs strive for using the least amount of all types of resources as possible, rather than own the resources they need. This is done to reduce risk that would include staged capital commitments, less capital, more flexibility, low sunk cost and lower costs. • Describe at least two creative bootstrapping resources. (Question #2) Ventures find the use of other people’s resources to accomplish a little more with a little less in order to pursue the opportunity of becoming successful. Having the use of the resources and being able to regulate or influence the placement of the resource is important. These resources include a number of things, such as money invested or borrowed. Other resources include, people, equipment, office location, or any other items that may be given at a low cost or maybe free by customers or suppliers. Other creative bootstrapping resource includes using outside people resources. Hiring professional expertise on a project basis and lease rather than own is a creative bootstrapping resource that is used to minimize the resources owned. • Why will the Internet become an increasingly important gateway to controlling resources? (Question #3) The...
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... Part B……………………………………………………………………………………...5 a. Situational Analysis……………………………………………………………….5 b. Internal Analysis…………………………………………………………………..5 i. Resources………………………………………………………………….5 ii. Capabilities………………………………………………………………..7 iii. Core Competencies………………………………………………………..8 iv. Competitive Advantage…………………………………………………...9 c. Strengths and Weaknesses……………………………………………………….10 d. Internal Opportunities……………………………………………………………11 3. Part C…………………………………………………………………………………….11 a. Situational Analysis with regard to Information and Communication Technology………………………………………………………………………11 4. Conclusion……………………………………………………………………………….12 References………………………………………………………………………………………..14 Executive Summary This is a marketing strategic report, which is divided into three parts. Part A describes about the mission, current value strategies and the market definition of the Commonwealth Bank. This bank is the second largest bank in Australia which is providing financial services. The study identifies numerous strategic variables which significantly influence the performance and the profitability of the bank. Part B, describes the vital strategic variables that form the part of internal analysis like: Resources, Capabilities, Core competencies and Competitive...
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...Task 1 M1 (building on P3 work) Explain how the management of human, physical and technological resources can improve the performance of a selected organisation In our earlier pass criteria 3 in assignment 1 we looked at the physical and technological resources required. 1. In a report or email, advise Peter Tong on how the human (staff), physical and technological resources will improve the productivity and performance of Computer Gadgets. Human Resources It is extremely significant and vital to have Management for the HR (human resources) department. As the management team are very crucial, it is highly needed for them to be able to find the correct method to their employees and be competent to administer and organise them in a professional manner. For the staff at Computer Gadgets to have the ability to achieve, complete and perform as efficiently as possible so that the manufacturing and the customer service quality is all increased, this would mean that the Human Resources would need to be very on point. Your business is able to manage and accomplish all of the human resources via many methods. The methods are as follows: - Assessments - Personal development planning - Training and - Motivation An exceptionally important element to consider in the Human Resources Department, is the fact that when it comes to taking on and hiring new staff members, they would need to be equipped with the correct skills and especially qualifications. The correct qualifications...
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...the following questions: 1) What is a resource? People, equipment & materials necessary to complete a task 2) Why aren't resources assigned to summary tasks? Summary tasks are simply a grouping for a set of related tasks. The indiv tasks require resources but the summary task is just a compilation of those resources. 3) What is the difference between Start, Prorated and End in association with costs? Start – cost applied at the beginning of the task Prorated – cost applied as work is completed End – cost applied when the task is completed 4) Give a real-world example of the difference between a fixed cost and a cost per use? Give a real-world example of the difference between a fixed cost and a cost per use? Fixed Cost: (buy equipment) company bids $500 to clean carpet, cost of airline ticket… Cost Per Use: (rent equipment) Hourly rate on moving van, rental of shampoo machine, landing fee each time plane lands… 5) Why is a fixed cost entered with the task and not the resource? Because the cost is the same no matter how many people, hours, materials used. Not dependent upon the amount of time or number of resources it takes to complete. 6) Why is the resource cost for the Wiring Contractor $0.00? Because the installation of the wiring is a fixed contractual price of $4000 – it will not matter how many hours the contractor takes – still the same price. 7) Which resource is Overallocated and why? Systems Administrator...
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...applying at some colleges and I just thot I would tell u all about the resources at my skool. The best part prob is the fact that I can do my school work at my leisure this wud b gr8 4 U bc u hav kids. When I applied they wer so kewl and ez to deal with unlik the crap your dealin w/ @ the community colleg. They took care of everyth w/ ease. Now that Im in skool and learnin I thot id share all the thing I think make UOP ezer to graduate. For starters the library is filled with unlim resourc’s that make research a piece of cake. Since ur horrbl in math, Phoenix maks it ezer to undrstnd, evryth is hands on step by step, tutorials to mak sur u dont fail. Community College doesn’t offer that! Plus we can be study buddys. Holla Keathen Part 2: Dear Fellow Classmates; I am writing because I feel we deserve to know the importance of all the resources we have at the University of Phoenix. There are so many, we should capitalize on them and make our school life easier, with a much more enjoyable graduation experience. Every page you click on, there are resources- if you look carefully. Sometimes we can become overwhelmed with all the links to click we get lost and don’t know where to look. Tutorials can make the difference between knowing where to look and for what. Every Resource could not be described within 150 words, and all the resources couldn’t be described even if everyone in the classroom chose a resource. So with this in mind, we should all be investigating every option...
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...Week Eight Checkpoint Energy Resource Challenges SCI/275 Cindy Walker Conserving energy is a key factor in the improvement of the planet in which we live. I practice conserving energy by doing little things such as turning lights off when I leave the room and turning the heat or the air conditioner down a little lower than I normally would. I believe if everyone in the world would take these little steps we can make a momentous impact on the environment. Natural gas and oil are the most common natural resources used to run our homes efficiently. Consequently, these natural resources can and will run out in the future if we do not begin to conserve today. I have challenged myself to reduce the size of the ecological footprint which I put on the earth. I am proud to say that I am a recovering shopaholic. You see, I am a mother of three little girls and love for them to look their best at all times. So, I would go out and buy them new clothes for just about every occasion. During this time I thought I was being resourceful by purchasing cheap trendy clothes for them to wear instead of the more expensive higher quality clothing. However, after completing an environmental science course, I realized I wasn’t being resourceful; instead I was being quite wasteful. I realized that buying a large amount of cheap trendy clothes was costing me more money and creating more trash than buying higher quality clothing. I noticed that the cheap clothes could only be worn a couple...
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...Wikipedia Workforce Planning Definitions[edit] Workforce Planning is the business process for ensuring that an organization has suitable access to talent (potential candidates that have the ability to undertake required activities including decisions making) to ensure future business success. Access to talent includes considering all potential resources (employment, contracting out, partnerships, changing business activities to modify the types of talent required, etc.). The cycle of workforce planning includes filling resource requests, analyzing resource utilization, forecasting capacity, managing and identifying the resources (human) to fill that capacity, and then restarting the cycle.[2] Strategic Workforce Planning is the framework applied for Workforce Planning and Workforce Development, where the links between corporate and strategic objectives and their associated workforce implications are demonstrated. Strategic Workforce Planning takes into account the projected loss of knowledge through employee exits and the projected knowledge requirements for sustaining and progressing the business. Knowledge requirements may include technology, new skills, new roles, documentation of key workforce intelligence or new business demands. Operational Workforce Planning is initially processed based and focused on building understanding and capabilities in Workforce Planning, supported by simple tools, templates and techniques. Once established and practiced, these tools, templates...
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...Business Resource P3 With Examples, you are to describe the main physical and technological resources required in the operation of your selected organisation. In this assignment I will describe the main physical and technological resources required in the operation of Tesco. Physical Resources Physical resources are resources that the business needs to maintain in order to carry out its activities. They mainly include things like facilities, buildings, machinery and more. These are resources that are available to a business’s organisations in form of buildings and other machineries needed for the day to day running of the organisation. Tesco have many physical resources such as their toilets, buildings, trolleys, CCTV’s. Toilets is a good resource to have within a good organization as it can attract more customers to not feel rushed into shopping because they need to go toilet they can shop at their own paste and use the toilet when they feel to. Another physical resource for Tesco is the car park so customers can park within Tesco’s car park and not have to worry about receiving a ticket, or checking their time to get back to the car before they get a ticket, this will also attract more customers to shop within Tesco. A recent physical resource that Tesco has brought in is the self-checkouts; this is good for customers that want to quick shop as Tesco can be quite busy on some days they don’t want to wait in the long queues so they can use the self-checkout which is...
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...M1 – How the management of human, physical and technological resources can improve the performance of Tesco Physical Resources Tesco have many physical resources within their organisation including building and facilities, materials and waste, plant and machinery, equipment and maintenance and refurbishment. All of these resources can help improve the performance of Tesco. The management of Tesco’s building and facilities and the location of these can help greatly help Tesco. Tesco need to make sure that they consider the location of their distribution centres and their shops as if these buildings are too far from each other, they can find that it is harder and takes longer for their stock to reach the stores and can decrease the performance of Tesco and the efficiency of the way they run. Tesco are determined to make sure that they are doing what they can for the environment and look at what they are using in waste and materials and see if they can change what they do in order to improve their performance. To help improve their environmental performance, they make sure that they make sure that they recycle all materials that they can and have brought in many different schemes to help them improve their performance, including battery and mobile phone recycling schemes and Together for Trees. The machinery and plants that Tesco use can also help to improve their performance. The plants are where the manufacturing of Tesco products takes place and is a large factor in improving...
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...Why Organizations Must Secure Continual Resources By Kai McLemore Columbia Southern University MBA6001 Abstract If an organization is going to succeed, it must depend upon its resources, core competencies, and capabilities. These just happen to be the foundation of competitive advantage. The organization’s resources are structured towards organizational capabilities. This paper will discuss how an organization must compete for resources along with the concerns and cost of securing these resources. This paper will also cover how resource attainment differs with the organization itself, and not set on one set of standards, to include the organization’s environment. An organization’s success will depend on a variety of things but heavily relies on three main areas of concern; resources, core competencies, and capabilities. These are the base of any organization’s competitive advantage over their adversaries. These capabilities are the baseline of the organization’s core competencies which will ultimately put the organization ahead in the competition (Dess, Lumpkin, & Eisner, 2009). The invention of competitive advantage establishes that most important aspect of competition is ultimately related within the leadership of organizational resources. The word resource covers a wide range of social, organizational, and individual sensations. When an organization relies solely on resources, they are failing themselves. Resources itself does not lead toward an advantage...
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