Human resource management - Coursework Example

Human resource management Table of ContentsHRM modifications critical for UAE HRM best practices 3Acquisition and preparation of human resource 3Assessment and Development of HRM 4Compensation and benefits 4Reference 6HRM modifications critical for UAE HRM best practices Human resource management plays an integral part in any business. The human resource factors must be handled with utmost priority for any business to flourish. It is crucial that HR strategies are aligned with the organizational objectives of the companies.

The labour market conditions in UAE are different from other nations. Majority of the UAE citizens are employed in the public sector and government plays a key role in recruiting them in organizations, such as the financial sector (RAK, “Labour Market in the UAE”). Unemployment remains low which plays a crucial factor for planning the operations in organizations.Acquisition and preparation of human resourceThis would include human resource planning, recruitment, selection and training in organizations.

The recruitment and selection process would depend on the kind of establishment that is set up. This must be accompanied with the right kind of training and development programs to equip candidates with the requisite skills and expertise. However, training programs must b customized to meet the individual training needs of employees. Training might be internally conducted by the organizations catering to their own needs and skill requirements. However, there are a large number of training institutes in the region offering wide variety of training for organizations.

Off the job training is most widely used by the private sector firms in UAE. In UAE, organizations are encouraged to practice group activities and team work. Thus training might be imparted on group problem solving activities. Organizations can also undertake high level skill training for their workforce.Assessment and Development of HRMThe key role of HRM is ensuring employee performance and productivity. This includes identifying the key components of candidates’ performance. It is important that the performances of employees are monitored by their immediate supervisors, peers, colleagues, subordinates and themselves.

This is useful in making a complete review of their performance in the organization. A crucial component of performance management system is performance appraisal system. The appraisal system is considered to be most crucial for encouraging individual performance and raising their level of satisfaction too. The competitive structure of the UAE labour market and the cut throat competition existing between organizations calls for strict performance appraisal system. Under the system employees would be compensated or rewarded according to the evaluation of their performance.

Employee performance must be aligned and rated against organizational goals and objectives under the system. Compensation and benefitsSince unemployment remains low, organizations must have their own unique qualities for attracting talents. It is seen that salaries remain different in different organizations for the same role. Salaries have seen a continuous growth in UAE since the global economic crisis. Organizations setting up establishments in UAE must be attractive in terms of their salaries and benefit programs to attract talent from the industry.

Figure 1: Salary Growth in UAE(Source: RAK, “Labour Market in the UAE”)Considering the low unemployment in the region coupled with stiff competition between many different industries, compensation packages along with working cultures, fringe benefits, incentives would be important for organizations. Reference RAK. 2010. Labour Market in the UAE. October 14, 2011. .