Human Resource Management

3509 words, 15 pages

Intro Sample...

113). Figure 2 shows how an integrated PM system should look like (Barrett, 2004).
The critical point with PM is to view it closely tied to the HRM strategy and not in isolation (Nankervis, Compton, & Baird, 2008). Indeed, PM has a strategic perspective and it is only with it that PM will be able to measure the effectiveness of HRM strategy. Besides, all employees should contribute to the strategic perspective of the organization and as a result to its PM function.
The two primary tasks of PM are: first, to create strategic goals in an easiest way and second, to support the attainment of these goals. Strategic goals need to be expressed in precise objectives and key indicators of performance. In fact, performance incentives are then linked to these goals and performance indicators.
The framework of PM is constituted of four distinct steps. (1) strategize, (2) plan, (3) monitor and analyze, and (4) take corrective action (Ariyachandra & Frolick, 2008). The first two steps define the organization’s strategy and the last two steps represent the means to monitor and apply the strategy.
Specifically, (1) strategize allows to identify the strategy, to find specific ways to attain the strategy and the metrics used to evaluate the performance over time. This last step is challenging for organizations because they need to find specific measures that accurately assess the performance of the organization. And this depends on the complexity of the organizational activities. For instance, if the major activity is to sell items, a measure of performance would be the number of items sold in a specific period.
This first step is the most important because it shapes the following activities in the PM framework.
(2) To plan allows developing a plan of action to achieve the desired strategy. Plans that target the attainment of the metrics expressed in step 1 are developed. Each business unit needs to contribute to the establishmen View More »

Read More

Related Essays on Human Resource Management

  • Tests

    358 words, 2 pages

    human resource management essays related articles and resources Significance of Human Resource Management The Human Resources (HR) function provides significant support and advice to line management. The attraction, preservation and development of high caliber people are a source of competitive advantage for our business, and are the responsibility of HR. Current human resource management essays details... GPJA Newsletter, December 17 2008 ( Campaign for Workers Rights in 09: Unite Union is calling a meeting for union activists and supporters of workers' rights to come

    View Document »

    Riordan Problem Solution And Defense

    7031 words, 29 pages

    Running head: PROBLEM SOLUTION: RIORDAN MANUFACTURING Problem Solution: Riordan Manufacturing University of Phoenix Problem Solution: Riordan Manufacturing The objective of this paper is to exhibit an organized approach using the 9-step Problem-Solving Approach to provide Riordan Manufacturing with legitimate solutions to challenges presented. In addition, the paper identifies opportunities and issues, defines the problem, and develops a set of alternative solutions. In conclusion, the paper recommends the paramount alternatives to implement in order for Riordan Manufacturing to

    View Document »

    Riordan Probelm Solution

    7699 words, 31 pages

    Problem Solution: Riordan Manufacturing Employee motivation is an issue that does not discriminate (UoP, 2008). “Motivation is the willingness to exert effort in a particular way” (Dreher & Dougherty, 2001, p.28). Two theories can be reviewed when examining motivation. The first is expectancy theory. Expectancy theory holds that people are motivated to behave in ways that produce desired combinations of expected outcomes (Kreitner & Kinicki, 2004). Vroom’s expectancy theory is a mathematical model that looks at motivation. Employee motivation is influenced by expectation. If I get a raise at

    View Document »

    Northern Trust Valuation

    5010 words, 21 pages

    U.S. Publicly Traded Bank Analysis Northern Trust MGMT 6340 Financial Markets & Institutions 2/20/08 Table of Contents 1.0 Introduction 1.1 Overview 3 1.2 Background 3 1.3 Corporate Structure 3 1.3.1 Corporate and Institutional Services 3 1.3.2 Personal Financial Services 4 1.3.3 Northern Trust Global Investments 4 1.3.4 Worldwide Operations and Technology 4 1.4 History 5 1.4.1 Recent History 5 1.5 Corporate Governance 6 2.0 Financials 2.1 Financial Highlights 7 2.2 Financial Ratios 9

    View Document »

    Interclean Solution

    4731 words, 19 pages

    Problem Solution: InterClean, Inc. A look at the InterClean strategies reveals that the organization is in a ripe form for change of structure, business process, Human Resource (HR) alignment, communication process and employee management. A change is inevitable; the successful management of a change with buy-in from all affected quadrants is the ideal situation for InterClean to achieve the merger with EnviroTech. Such a solution can be found with the right implementation of the HR domain statement, nine step problem solving process, effective change management and conscientious decision

    View Document »

    Operational Effectivess

    4547 words, 19 pages

    Most of the company’s have a performance measurement and management system which deals with enhancing the performance of individuals or operations in a company, may it be a manufacturing or a non- manufacturing company. Performance measurement (PM) is a useful tool that helps the company reach its goals, and goals are straightforwardly described by Goldratt as, “the goal of a firm is to make money’, and without the right performance of individuals and operations, it cannot reach its goals. (TXTBK OPERATIONS MGT FOR COMPETITIVE EDGE). First will define PM, and explain the use of PM in comtemp

    View Document »

    Problem Solution: Riordan Manufacturing

    3023 words, 13 pages

    Problem Solution: Riordan Manufacturing Riordan Manufacturing (Riordan) is a global plastics company owned by a Fortune 1000 enterprise, Riordan Industries. It produces plastic beverage containers in Albany, Georgia, custom plastic parts in Pontiac, Michigan and plastic fan parts in Hangzhou, China. Riordan's Research and Development is conducted in San Jose, California, corporate headquarters. Declining sales and profits has forced Riordan to change its sales processes and adopt a customer-relationship management system (CRM). A team approach was implemented with the expectation that sales

    View Document »

    Analyse And Critically Discuss The Nature And Purpose Of The Employment Relationship For Organizations And The Relationship Between Work Design, Planning, Pay And The Employment Relationship. Explain How Expectancy Theory; Reinforcement Theory An...

    4324 words, 18 pages

    Analyse and critically discuss the nature and purpose of the employment relationship for organizations and the relationship between work design, planning, pay and the employment relationship. Explain how expectancy theory; reinforcement theory and equity theory help managers to build an effective pay strategy as part of managing employment relationships Words: 2,695 . Introduction The term ‘employment-relationship’ is interchangeable with others when describing aspects of the overall relationship. According to USQ (2004) this relationship is basically the exchange of work

    View Document »

    Fenugreek Facility Management Report

    2985 words, 12 pages

    FENUGREEK RESEARCH COMPANY LTD. FACILITY MANAGEMENT REPORT EXECUTIVE SUMMARY This ten-page facility assessment report presents the findings from a three-week period of investigation in Fenugreek Research Company Ltd and relates recommendations both operationally and strategically which the Fenugreek management is advised to take to resolve the issues that surfaced during the period of investigation. Seven most pressing concerns coming from the Fenugreek staff were each dealt with in detail and suggestions for them were subsequently discussed for its feasibility. The findings of the investi

    View Document »

    Import Performance

    11140 words, 45 pages

    Banking Sector Performance, Regulation and Bank Supervision Chapter-5 32 other hand, PCBs' deposits in 2006 amounted to Taka 955.5 billion or 51.3 percent of the total industry deposit against Taka 731.3 billion or 47.0 percent in 2005. FCBs' deposits in 2006 rose by Taka 38.2 billion or 33.9 percent over the previous year. The DFIs' deposits in 2006 were Taka 100.2 billion against Taka 89.5 billion in 2005 showing an increase of 12.0 percent over the year. Aggregated Balance Sheet 5.4 Assets: Aggregate industry assets in 2006 registered an overall increase by 17.8 percent over 2

    View Document »

More Popular Essays

Research help is just moments away!