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Human Resource Management in Innovation - Term Paper Example

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The project seeks to present high-level HR recommendations in front of the management,which could be introduced in the organization with the aim of controlling attritions and helping the company move forward.Specific arguments have been put forward as to how each strategy would benefit the business …
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Human Resource Management in Innovation
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"Human Resource Management in Innovation"

Download file to see previous pages Few recommendations in favor of Advantage Recruitment Limited are provided below. Firstly, it is recommended to create a work environment and culture that encourages employees to think of having a long term career with the organization. Employees primarily quit organizations because of better job prospects in other organizations. Creating career development program could be one way of handling the crisis (Patton & McMahon, 2001, p.3). Redesigning compensation packages could be one way of retaining valuable talents. This is because employees leaving the organization have complained of low wages being a factor responsible for moving into other organizations. Working out a new pay structure is called for at this point of time (Armstrong & Brown, 2001, p.194). The formalizing of performance management and review systems is important at this stage to identify and recognize the performance of employees. Lack of performance review procedures could lead to loss of talented employees as they would be de-motivated to deliver good performance because of lack of recognition or insufficient appreciation of their works. Changing the quality of work life is important; which includes occupational health care, appropriate salaries and suitable work timing for employees. The overall idea is to improve the working conditions of employees and increasing organizational effectiveness. Lastly a transparent work culture would serve as an important factor for facilitating trust, communication, accountability and responsibility. Increased communication facilitates exchange of information, views and ideas, removes work politics and reduces chances of frustrations and stress in employees which often leads to high rates of attritions in organizations (Lotze, 2004, p.167). Implementation Creating a strong career development process necessarily requires building of strong leadership programs. Leaders would be responsible for coordinating and integrating the entire process of career development of employees. A career development steering committee comprising of some of the key leaders in Advantage Recruitment would act as a guide throughout the career development process. This will be followed by creating an employee development proce ...Download file to see next pagesRead More
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