Performance Management - Essay Example

Download file to see previous pages Therefore, apart from overcoming the barriers such as language, cultural differences and influence of the trade unions, the management needs to concentrate on the matters relating to recruitment of staff, training to the employees, system for appraisal of performance, compensation to employees and maintaining cordial relationship with the employees, because these are the areas where the scope of the management significantly differs with the domestic HRM based on the corporate policies of the company. The paper seeks to study and analyse the international operations and expansion strategies of Mega Widgets, with the ambition of planning to list its company in Australian Stock Exchange in 2014 or 2015, for suggesting improvements in performance management. Organisation Structure The corporate culture at Mega-Widgets has been influenced by the founding family members. The structure of the organization plays an important role in the implementation of its strategies and controls. The decision making process is influenced by the structure of the organization which remains very centralized presently. All expatriate assignments have been individually negotiated by the Newcastle Plant Manager. The company has manufacturing plants and sales offices in Indonesia and India with senior management positions filled by Australian expatriates. The structure of the organization hampers decision making process and affects performance. The function of integration of the whole organization spread all over the world on day to day basis saps the energy of the management team located at the head office. Under such circumstances, the coordination of the corporate activities becomes very difficult. McGuire (2011) states “To treat organizations as singular entities devoid of diversity is to ignore the richness of employee backgrounds and experience. If organizations are to prioritise creativity and innovation, then it is imperative that unique perspectives are valued and appreciated.” (p. 179). There have been changes introduced in the organization in the wake of expansions proposed in China and US. The company has created a new post Executive Director Human Resources. This appointment combined with the efforts of the Project Control Groups established by him will enable the Board to consider proposals for international resource management programs. These programs are expected to facilitate current operational requirements and impact the future strategic direction of Mega-Widgets by improving its performance in the long run. Management Policy The management follows progressive policies for its growth strategies and is highly professional in its attitude. This reflects in the management policy: The family relatives are not guaranteed of a job – they must prove themselves like everyone else.  The Executive Director Human Resources, with the full support of the Board, has established international human resources management project control groups to lend support to the expansion strategies of the company for effectively implementing the expansion strategies. Garavan & Garbery (2012) state, “Strategic HRD (SHRD) is premised on the view that HRD practitioners possess the competence to assume the role of strategic partners, strategic players and players in the business rather than simply ...Download file to see next pagesRead More