StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Human resources management - Essay Example

Cite this document
Summary
Human Resource Management Essay Case Analysis: Uni Bank Human Resource Management is becoming increasingly important for many organizations regardless of their size or location. Employees are recognized as a firm’s biggest asset, similarly, employee development is also written off as a major expense in most companies…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Human resources management
Read Text Preview

Extract of sample "Human resources management"

Download file to see previous pages

It would be a mistake to assume that human resources alone can provide a source of competitive advantage, this theory only holds true when the following four conditions are met: Human Resource must add value to the firms production process Skills sought by the firm must be rare, A firm’s combined human resource investments cannot be imitated A firm’s human capital should not be replaceable by technology The need for effective Human Resource Management is evident in the case of Uni-Bank, which suffers from a multitude of Personnel related problems.

The bank’s personnel problems can be solved by devising a carefully thought out Human Resource Strategy and implementing effective employee motivation, development and retention techniques. Human Resource Strategy It is of primary importance for firms to develop effective Human Resource Strategies as it will guide the way the firm develops and deploys deploy human, social, and organizational capital to enhance its competitiveness. The goal of an effective Human Resource Strategy is to develop a workforce which is motivated, trained, adequately rewarded and performs towards pursuing a firm's objectives Past theorists (Snell, Youndt and Wright 1996) noted that in the past executives tried to “take human resources out of the strategy equation by substituting capital for labor where possible, and by developing organizational structures where there is a dividing line between those who think from those who do the work.

As (Quinn ,1992) noted, “with rareexceptions, the economic and producing power of the firm lies more in its intellectual and service capabilities than in its hard assets; land, plant and equipment”. However, there is no one theory that fits all, every organization’s need differs and so does their required strategy. It is quite difficult to achieve a correct balance between motivating and employee, developing and rewarding them, as there is always a fear of employee turnover. Firms should be careful not to over-invest in their employees, similarly, they should avoid under-investing in their employees as well, as this leads to poor motivational levels and in turn affects performance.

UniBank, needs to reassess its human resource strategy, as it seems the current one is not effective. The Company suffers from low employee morale, (which is their primary problem), skill-gap, low employee involvement and performance. The Company seems to be unable to meet its human resource needs with the needs of the changing environment; as a result, it cannot satisfy either. An effective strategy can be devised through 3 key steps: Diagnosis: Conducting a comprehensive and systematic evaluation of the current practice and performance to identify where improvement is required and where policies are working well.

In the case of UniBank, the diagnosis stage will identify the following improvement areas: Employee job security Employee Development Employee Motivation Employee Remuneration Employee Recruitment Employee involvement and decision making ability Aspiration: A vision of effective Human Resource practices, producing outcomes that contribute to achieving the firm’s strategic objectives. For UniBank, an aspiration outcome will be where its employees are motivated, adequately trained and positively contribute to the change to Online Banking.

Developmental: A plan to progress and bring about change in the future. Uni Bank should focus on long term

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human resources management Essay Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Human resources management Essay Example | Topics and Well Written Essays - 2000 words - 1. Retrieved from https://studentshare.org/management/1465659-human-resources-management
(Human Resources Management Essay Example | Topics and Well Written Essays - 2000 Words - 1)
Human Resources Management Essay Example | Topics and Well Written Essays - 2000 Words - 1. https://studentshare.org/management/1465659-human-resources-management.
“Human Resources Management Essay Example | Topics and Well Written Essays - 2000 Words - 1”, n.d. https://studentshare.org/management/1465659-human-resources-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Human resources management

Trade Unions' Role in HRM

The roles undertaken by governments may be categorized into five components including maintaining protective standards; establishing rules for the interaction between the parties; ensuring that the results of such interaction were consistent with the apparent needs of economy; providing services for labour and management such as advice, conciliation, arbitration and training; and as a major employer.... The dimensions of collective bargaining for Clegg are mostly affected by the structure as well as attitudes of employers' relations and management....
11 Pages (2750 words) Essay

Evaluating Human Resource Management

Unless human resources are looked after diligently by the organisation managers, the firm is likely to face drawbacks, which could have serious repercussions on the organisation as a whole.... Human Resource management is an evolving and changing concept.... One finds that most company culture is based on: Human Resource management (HRM) is a planned approach to managing people effectively for performance.... It aims to establish a more open, flexible and caring management style so that staff will be motivated, developed and managed in a way that they can give of their best to support the concerned departments....
12 Pages (3000 words) Essay

Human Resources Management Report

As we know that this paper is about how to increase market share of IKEA in the furniture industry through effective human resources management.... In 2005 a survey was conducted and it was reported by the management of the company that they had over 275 million hits on their website.... The objective of this paper is to show that how can IKEA increase its market share in the industry through the effective use of human resource management.... In 2005 a survey was conducted and it was reported by the management of the company that they had over 275 million hits on their website....
22 Pages (5500 words) Essay

Casual Dress at Digital Devices

Casual dress improves the morale of the employees and helps to reduce the status barrier between the mangers and the non management personnel.... It improves the communication process in the… Therefore it can be said that casual dress policy should not be abandoned.... Casual dress policy can also be regarded as a recruiting tool for the technical people particularly the engineering graduates who want to work in a friendly environment....
7 Pages (1750 words) Essay

Human resources management development

However, the prime concern of the employer in hard times should not just be sustenance of the profitability of the business as this sends the impression to the employees that the employer is selfish and that the management was fake in its assertions that they all make part of the same family....
2 Pages (500 words) Essay

Human Resources Management Practice

This research tells that the elements that impact professional growth strategy involve the company's strategy of keeping its own people without recruiting other skilled workers for instance.... The growth of the company and its professional products is seen through the expansion of the labor force....
6 Pages (1500 words) Case Study

Banco Human Resources Management

This research paper describes  Banco human resources management.... This paper analyses the role of human resources management in modern business management, the structure of Banco, technology, and work roles, problems, and challenges, employee relations, and development of human resources management.... nbsp;… It is the human resources that decide the make or break of the business enterprise.... human resources can be called as one of the most valuable and unique assets of an organization....
10 Pages (2500 words) Research Paper

Strategic Human Resources Management

In the paper “Strategic human resources management” the author focuses on employees' engagement, which has remained a critical concern for organizations.... Strategic management is the art of planning an organization's operation at the optimum level (Armstrong 2006).... Strategic management should also entail effective communication channels....
9 Pages (2250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us