Human Resource Management - 5283 Words

1. Introduction This assignment of BTEC HND in Business management and HRM is related to the Unit 21 which is Human resource management. The subjects of Human resource management covering areas are different between personnel management and HRM, roles of the human resource manager, Human resource planning process, job evaluation and performance evaluation, recruitment and selection procedure, selection technique, reward management system, exit strategies and redundancy. This assignment gives some kind of knowledge about excellent theories of Human resource management. 2. Task One 2.1 Explain the traditional view of Personnel Management and the new approach of Human Resource Management 2.1.1 Personnel Management Personnel†¦show more content†¦| 3) Human resource planning | * Human resource planning is the process of anticipating future staffing needs and ensuring that a sufficient pool of talent possessing the skills and experience needed will be available to meet those needs. Because of that organization can face any future challenge about manpower. And minimizing wasting money for unexpected hiring and establishment of HRM department is other important thing of the human resource planning. | 4) Performance evaluation | * Performance evaluation is formal determination of an individuals job related actions and their outcomes within a particular position or setting. Because of that organization can appoint most suitable (specialist) employees to each and every department from that productivity of the organization will increase automatically. And people who performing under Benchmark amp; company can provide training to those employees. | 5) Employee recruitment, selec tion, motivation, and orientation | * Employee recruitment, selection, motivation and orientation are the most important things to do as a human resource professional because outcome of the organization will depend on the behavior of the employees. For that organization need to appoint suitable person for each job title. Once we appointed energetic suitable employees organization canShow MoreRelatedHuman Resources Management : Human Resource Management1140 Words   |  5 Pagesa business efficiently? Human Resource Management (HRM). Human Resources is the solid foundation that practically oversees the entire organization, whether its managing employees to surveilling the progress of every single department. There are six principle functions that Human Resource take into account: employee relations, recruitment, compliance, compensation and benefits, training and development, and safety (policies/regulations). Over time Human Resource Management has taken a new role intoRead MoreHuman Resources Management And Human Resource Management2123 Words   |  9 PagesIntroduction The study of human resource management becomes a major topic of the science of management at the beginning of 20th century and keeps attracting researchers’ attention (Merkle, 1980). The new models of human resource management derive from the advance of management theories and the accumulation of practices and experiences. With the development of global economy, the economic situation of each country deeply affects the world and becomes closely connected. In addition, the needs of customersRead MoreHuman Resources Management : Human Resource Management1138 Words   |  5 PagesHuman Resources Management Hilti continues to grasp on success and expand globally, but their path weren’t always well defined. The company began in 1941 and historically they’ve kept to traditional strategies when it came to recognizing human resource requirements. In the early 2000’s, the company established a new set initiatives, aimed at doubling revenue and operating profits. Hilti also recognized that this type of growth would require invigorating ideas to employ human resourcing requirementsRead MoreHuman Resource Management And Human Resources Management941 Words   |  4 PagesHuman Resources Management is one of the most important aspects of any organization, whether it be non-profit, not for profit, or profit. Human Resources Management is what makes it possible for a manager to be able to focus on their work and tasks at hand and not have to deal with lots of unneeded interpersonal activities. They are in charge of correctly evaluating the candidates that the managers will have to work with for the duration of the candidate’s stay. They are responsible for makingRead MoreHuman Resources Management : Human Resource Management835 Words   |  4 PagesHuman Resource Management â€Å"They humanize the brand and help workforce communities thrive† (Who). A human resource management position may be the job for you. Every business and enterprise has a human resource manager, including Starbucks, Disney and even Apple. This job includes planning and coordination, organization, consulting employees and to oversee the work and employees. All the schooling and stress that comes along with this occupation pays off in the end with an enjoyable job. HumanRead MoreHuman Resources Management : Human Resource Management1398 Words   |  6 Pages Human Resource Management Overview Tanya Phillips Dr. Andrea Scott, PhD HSA 320, Strayer University October 31, 2016 Human Resources Management Overview Human resources (HR) is the different kinds of clinical and nonclinical responsibilities for public and individual health involvement. The benefits and performance the system can deliver depends upon the knowledge, skills and motivation of those responsible for providing health services. Human resource managers don’t directlyRead MoreHuman Resources Management : Human Resource Management2534 Words   |  11 PagesIn most cases managers look at human resource management as an expense to a company rather than a source of benefit to the company however, research has proved that human resource management practices can be of greater value. Valuable decisions such as whom to recruit, what package to offer, the training necessary for the new recruits and how to assess employee performance directly affects the employee motivation and as such do affect the ability of the employee to provide products which the consumersRead MoreHuman Resources Management : Human Resource Management95 8 Words   |  4 PagesHuman Resource Management Overview As we all know when it comes to every business and organization that is out there, they all need help from Human Resources to continue to help the company grow. What is human resource management? Well Human Resource Management is the overall process that deals with how Human Resources manages their employees as well as different issues that can come across within the organization. Human Resource Management are in charge of different tasks including recruiting asRead MoreHuman Resources Management : Human Resource Management820 Words   |  4 PagesHuman Resources Management Proper Planning is one of the most important aspects of human resource management. Without proper execution of plans, the particular needs of an organization that are the responsibility of human resources will not be reached, and therefore, will fall short of what is necessary for meeting the goals of an organization (DeCenzo, Robbins Verhulst 2013).There are many facets a human resource manager must be familiar with in order to run an organization. The functions of humanRead MoreHuman Resource Management : Human Resources Management1264 Words   |  6 Pagesand research with my family, I decided to go into human resource management, specifically in a hospital. Many people questioned and often said â€Å"Why human resource management?† My answer, I chose human resource managers because I believe they are a vital part of a hospitals success. They make the plans, they direct the staff and they coordinate how people work together and where they need to be. Throughout this paper , I will describe human resource managers- what they do, what are the requirements

Analysis Of Antigone A Doll s House And Trifles

Yuriana Hidalgo Introduction to Literature Prof. Paula Cameron October 14th, 2014 Obedience to Authority Obedience and authority are seen as a priority in the plays† Antigone, A Doll’s House, and Trifles†. In the three plays women disobey men authority following their beliefs. In each play men enforce their authority over women; women are treated as if they were less than men. Antigone a woman with strong beliefs and morals revels against her uncle Creon. In A Doll’s House Nora was treated as pet by her husband Helmer until she opens her eyes. He always refers to her with nicknames as â€Å"little sky-lark, little squirrel, little singing bird, little sweet tooth† (148-149). He compares Nora with defenseless animals and tiny things. In†¦show more content†¦As a punishment King Creon sentence her to be in an isolate cave and wait for her death. King Creon is cruel, blind and full of pride; he likes to impose his authority even if his not right. King Creon only cares about demonstrating his authority; everyone in his kingdom should know that only his word should be obeyed. He is the King and everyone in his kingdom must follow his rules. In â€Å"A Doll’s House† play people can see how authority can destroy a happy marriage. This play is about a husband (Helmer) who imposes his authority over his wife (Nora). At the beginning of the play this couple seems to be a perfect couple, a lovely and caring husband and lovely, loyal and caring wife and mother, but inside their customs is just an unhappy couple. Nora doesn’t have her owns opinion or thoughts she must leave behind her husband decisions and beliefs. Everything begins to fail when she decides to do something without her husband knowing, Helmer get sick and Nora trying to save his life borrows money from Krogstad. When everything comes out to light, Nora meets the real Helmer the one who’s cruel, deaf, and insensitive. Helmer hates to borrow money his beliefs doesn’t permit to depend on someone else money. He was raised with other beliefs and moral, a good man is supposed to take care of his family, not the family taking care of him. When he finds out the truth about the money he gets out of control, his wife disobey him. She went

Gung Ho Movie Essay Example For Students

Gung Ho Movie Essay The Gung Ho Movie, starring Michael Keaton, is a great representation of the cultural differences that may arise between businesses when working together internationally. This movie, more specifically, expresses differences between the business approaches of America companies compared to Japanese companies. The plot is based on an American car factory that was shutdown and purchased by a Japanese company, Assan Motors. The factory is a lead source for the economy in the Midwestern town it is based in so it is important to keep the company going. The main actor, Michael Keaton, was motivated and aggressive with the proposal to keep the company running. He travels to Japan to make a presentation to Assan Motor management about continuing production. His attempt was successful. The company was re-opened but a Japanese management team was sent to help, guide, and monitor the American workers. These Japanese workers supervise and also collaborate with the American workers. Although the factory re-started, the wages were substantially lowered from the usual pay prior to the factory shutting down. The culture differences create obstacles and misunderstandings throughout the film. Japanese management demands a lot more productivity than the workers are used to. If productivity standards aren’t met, then overtime work is expected, without pay. In the beginning, it is clear that management lacks regard for the workers and their lives. The focus simply remains on productivity alone. This is unfamiliar to the American workers, which leads to them getting agitated. The relationships between the management team and the workers are also damaged due to the differences between cultures. Keaton portrays himself to be the group leader and attempts to mend the relationships but does not succeed at first. The management team almost came to a breaking point and gave up on the factory. Keaton steps in to protect the company. In his attempt, he proposes to match the best month of production in the Japanese factory. The management team agrees to the proposal. The conditions end up being, if the factory produces and completes 15,000 cars, then the company will continue production and the workers will gain their normal pay check back. If not, the factory will close indefinitely. Although the deal specifically was 15,000 cars, after Keaton discussed the conditions with the workers, the details are not properly discussed. He gives a motivating speech about being better than the Japanese, and then concludes his speech by telling the workers exactly what their goal for production was. By the reactions of the workers, this is an impossible goal. Miscommunication results in the workers thinking they could produce 13,000 cars and get a slight increase in pay. But this is not at all the case. Once the workers find out that the conditions were not flexible, they immediately aggressively discuss their discovery with Keaton. They end up working hard to complete and achieve their goal of 15,000 cars but fall a little short. The executive of Assan Motors comes to evaluate the final outcome and is less than impressed. But then after seeing the connectedness and team spirit in the factory so he chooses to keep the company open and give full raises. Overall, the movie shows obstacles that could occur when involved in international business. The vast differences between cultures make collaborating difficult because of the opposing work ethics and styles.

Making Capital Investment Decisions

Question: Examine and discuss the characteristics of NPV and the role that this method plays in capital investment decision making. Discuss the advantages of using this method instead of the other evaluation methods? Answer: Net Present Value is considered as the present value in context to future cash outflows and inflows. It is used usually in capital budgeting in order to study the profitability or success of any investment or project. Therefore, it largely used by the organizations to make budgeting decisions so that they can gain profit in future. Moreover, the NPV helps the organizations in predicting the future losses or profit from any particular project or investment (Baldwin and Clark, 1991). On the other hand, it is explained as the variation between present value of cash outflow and cash inflows. Moreover, the discounted cash flow method is used for the valuation of net present value so that cash flow value of project can be known (Bierman and Bierman, 1988). Apart from that, if Net Present Value is positive then it shows a positive sign for the company and adds value to them and if the NPV is negative then the industry should not make decision to make an investment in that particular project (Burger and Hawkesworth, 2013). Therefore, if the NPV is higher than the investor can plan to make investment. If It means Then NPV greater than zero The investment will add value to the industry The project can be accepted NPV less than zero The investment will decrease the value of the industry The project can be eliminated or rejected NPV equal to zero The investment will neither generate income nor loss The investor can make decision relying on strategic positioning or on the basis of other factors. The NPV can be better understood from an example, Year Cash Inflow Discount Factor (10%) Present Value of Cash Flow 1 3400 .909 3090.6 2 4000 .826 3304 3 6000 .751 4506 4 2100 .683 1434 Total 12335 Initial Investment 8000 Net Present Value 4335 Therefore, it can be understood that project can be accepted as it shows positive value above the initial investment value. The Net Present Value is effective as it helps in making comparisons of multiple numbers of potential investments. Therefore, the investor can take decision whether to make investment or not (Clark, Hindelang and Pritchard, 1979). Moreover, time value of money is accounted by net present value. Further, the future revenue can be converted by NPV to current dollars which assist the company to quantify the value of the project (Montier, 2010). Apart from that, Net Present value has advantage over other investment appraisal techniques such as payback period and accounting rate of return. These techniques do not consider the discount future cash flows but it is taken in account under NPV. On the other hand, if a certain investment has non-normal cash flows then NPV is a better option than IRR (Pratt and Grabowski, 2010). The non-normal cash flow arises when there is huge cash outflow at the end of any investment. Therefore, IRR cannot be applied. Moreover, in case of evaluation of mutually exclusive projects then Net Present Value is viable option than IRR method (Sinclair, 2010). On the other side, NPV provides more realistic reinvestment rate predictions than other appraisal techniques. Moreover, the NPV provides best indicator regarding shareholder wealth and profitability and provide best decision basis (Clark, Hindelang and Pritchard, 1979). References Baldwin, C. and Clark, K. (1991). Capabilities and capital investment. [Boston]: Division of Research, Harvard Business School. Bierman, H. and Bierman, H. (1988). Implementing capital budgeting techniques. Cambridge, Mass.: Ballinger Pub. Co. Burger, P. and Hawkesworth, I. (2013). Capital budgeting and procurement practices. OECD Journal on Budgeting, 13(1), pp.57-104. Clark, J., Hindelang, T. and Pritchard, R. (1979). Capital budgeting. Englewood Cliffs, N.J.: Prentice-Hall. Montier, J. (2010). Value Investing. Hoboken: John Wiley Sons. Pratt, S. and Grabowski, R. (2010). Cost of capital. Hoboken, N.J.: Wiley. Sinclair, D. (2010). Capital budgeting decisions using the discounted cash flow method. Can J Anesth/J Can Anesth, 57(7), pp.704-705.