Critically review the situation at RestaurantCo and identify the strengths and weaknesses of its approach to managing human reso - Essay Example

Download file to see previous pages Theoretically, the dimension of Human Resource Management (HRM) helps in linking the functions of human resource with the determined organisational objectives in order to improve the performance of the organisation on the whole. Apart from linking the human resource functions with the strategic objectives of the firm, it further assists the organization in establishing a proper understanding amidst the superiors and the supervisors working within it. HRM further helps in maintaining a coordinated relation between the external factors that contribute substantially to the organizational development and success (Bratton, n.d.). With the continually growing significance and complexities in the HRM dimension, the adaption of Employees Involvement and Participation (EIP) is often argued to contribute in differentiating a company’s internal strengths by enhancing the flexibility of the workforce to adjust with the external business environmental changes. The notion behind the concept of EIP concentrates on the fact that effective involvement and participation of the workforce would lead towards the achievement of the organizational goals and efficiencies. The concept of measuring the formal and informal EIP link further can be regarded as an important part of any organization, as it helps in evaluating the employees performances over a certain standard of time, in comparison with pre-set standards or goals. Formal EIP is further considered to be those practises, where the managers of a department consult with the employees before implementing a new work practice within the set working environment; whereas, informal EIP signifies that decision-making process, where the managers do not follow any formal procedure to gather suggestions from the subordinates (Storey, 2007). In this essay, the discussion henceforth will intend to critically evaluate the situation of RestaurantCo and to identify the strengths and weakness of its approaches thereon. The discussion will further aim at assessing links between corporate strategies, culture, HR policy and management practices at the workplace level of RestaurantCo with EIP. Corporate Strategies and Culture In corporate strategies, authority is considered to be highly important to practice an effective decision making procedure. Authority is generally considered as an obligation to act on behalf of a department or agency or any higher level of authority within an organization. Furthermore, authority is the key to the managerial job; they endure the right of indulging into the decision-making process being in the top level management. Delegation of authority is basically the process of allocating the work and transferring the rights from the higher authority to the lower level employees within an organizational context that inculcates EIP related aspects to a considerable extent. This form of strategy is usually adapted by the top level management when there is an over load of work or is viewed in large industries where assigning managers for a single department is very essential maintaining a linkage between the organisation’s short-term or long-term objectives and the workforce performances. Correspondingly, it has been viewed that today’ ...Download file to see next pagesRead More