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e strategic human resource development can involve any of the following types of development such as short term or long term development, individual or group orientation, low participation or high participation techniques, spontaneous or systemic development and so on (Schuler and Jackson, 1987). But the dependence of these types of development techniques is based on certain pillars. These are as discussed by Garavan (2007) global environment, corporate strategy and culture, value and exclusivity of jobs and lastly employee expectation and careers.
This essay will examine the importance of the contexts in the strategic human resource development while assessing the impact of the recent economic turmoil on these contexts in relation to human resource development. Furthermore, new steps initiated by organizations in response to the impacts will also be discussed.
A swiftly changing economic environment illustrated by events such as globalization, deregulation of global markets, changing demands of customer and supplier, rapidly increasing competition in product-market and so on has become a change standard for organizations. Organizations in order to remain competitive, find ways to reduce costs, innovate products and processes and bring about changes in human resource management and development. Researches have addressed the concept of human resource as one that contributes to the accomplishment of organization’s operating and strategic goals.
As the human resource strategies are built to accomplish the goals of the firms, certain objectives or framework also lies behind the development and objectives of strategic human resource. According to Garavan (2007) four levels of context are important in shaping organizations strategic human resource development: a) the global environment; b) the organization’s strategy, structure, culture, and leadership; c) the value and uniqueness that the firm attaches to particular jobs; and d) individual expectations,
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6). Essentially, it’s shaping an organization nurture internal accountability by managing performance through enculturation of service within a given system (Gibbs, 2007). This essay aims to design an HRD plan for SM company but focused on the significance of mentoring and coaching to enhance workers’ performance befitting to company’s need.
Some of the key causes are given below. First of all, the interrelated markets of different countries may cause this downturn. That is, America has a strong market in Asia, and if the American production collapses it will also cause cost push inflation in Asia which will then cause problems in other countries related to Asia.
Figures collated from Harris Interactive by HR Magazine revealed that 38% of employees had not received any training in the past 12 months, with a further 20% responding that learning budgets had been cut as a result of the recession (Feldstein, 2011: p6 55).
These diversifications that organisations have embraced are mainly in terms of increasing the range of products and services that they offer or expanding their operations to different regions in the world. As a result of the diversification, organisations have had to embrace new trends in maintenance and development of skills among their employees to match up to the demands by the new working environment (College Of Agriculture, Food And Rural Enterprise, 2007, p99).
In addition, it can help us ascertain mechanisms which would be most applicable to modern business conditions. Furthermore, we believe that ascertaining the type of recession is also an important factor for a business as the degree of economic deterioration will determine the mechanisms for survival that have to be implemented.
However, despite these initiatives, Westway Land requires new policies and procedures to ensure that junior-level managers are trained efficiently to handle the roles of middle management and requires systems by which to evaluate training
Firms are faced with excess supply and with lack of demand firms are forced to cut down on prices to sustain their margins and beat the competitors. This reduces the profit margins of firms and reduces their profitability. Under these circumstances firms are forced to
Since 2008, international economy has been submerged in one of the most important structural economic recessions of current times. The origin of economic crisis can be identified with the North American economic downturn (Benson and
key role in determining any organisations productivity, hence making human resource a, which slightly differs from labour, a vital asset in organisation. In efforts to improve the productivity of labour, UK government has been involved in human resource development through