The company chosen is WalMart.WalMart is the world’s largest retail store. Over the past years the company has been able to gain the position of the world’s largest retail company and is thrice as big as its closest competitor…
Download file to see previous pages...
WalMart – HR Department: The company’s main values and beliefs are – respecting individuals, service to the customers and striving for excellence. In terms of the employees it is seen that although the company promises and portrays being very employee friendly in reality there is little care for the employees. The human resources team is very effective in choosing the right people for the job, however in terms of the management of the employees there is a clear lack on the part of the team. The HR teams are meant to focus on the needs of the employees and to provide the employees with the necessities to keep them motivated. Here however the company focuses on the amount of work that can be extracted from the employees, with not much in return both in terms of pay as well as other benefits. The HR team lacks a clear perspective on the priority and there is no attention given to the needs of the employees. SHRM and WalMart: The HRM team of the company does not contribute to the overall strategic growth of the company. It is important to note that although there is a strong strategy that the company adopts in terms of the recruitment process, there is little or no proper management post the recruitment (Dowling, Festing and Engle). The company clearly uses SHRM; however the main elements of SHRM are not taken into account here.
...Download file to see next pagesRead More
4), applies the supply chain or distribution and logistics process strategy since the company does not produce or manufacture any of the products they market. The Council for Supply Chain Management Professionals (CSCMP) defines supply chain process strategy as encompassing “the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities” (CSCMP, 2011, par.
Human resource management is the management of those aspects of the business that is in direct relation with the employees. That is activities that directly affect the employees. Compensation, rewards, training, hiring, firing, induction, safety at the workplace, vacation, etc are the activities that fall under the HRM practices.
Where HR departments are considered synonymous to administration department handling human capital, the actual role of HR teams is way more penetrating than that. I have gone through many leadership and HR management theories that agree with the fact that an efficient and effective human resource is inevitable for organizational development.
Strategic Human Resource Management (SHRM) is what business organizations in the contemporary society require to establish their competitive advantage. Strategic human resource management requires the creation of linkage between strategic business objectives and human resources strategies as well as their implementation.
Current studies have observed strategic human resource management (SHRM) as a means of augmenting firm's competitive gain (Bamberger, 2000). Researchers and practitioners have widely acknowledged this strategy to firm's policy scheduling. SHRM is the sample of planned human resources operations and actions proposed to facilitate an organization to attain its intentions.
According to the report the human resources team is very effective in choosing the right people for the job, however in terms of the management of the employees there is a clear lack on the part of the team. The HR teams are meant to focus on the needs of the employees and to provide the employees with the necessities to keep them motivated.
Wal-Mart does offer competitive rewards to both individuals and teams. First Wal-Mart provides deserving employees with bonus on their employment. In addition, individuals who demonstrate hard work are given promotion. Those who excel as teams are also given
It has been a source of occupation towards many in many areas of the country.
Having mentioned its success, questions have been directed towards its nature of practices and the policies adopted by it. Its success has led to number of players in the
The pricing of the commodities is attained after the management of the company with collaboration with vital shareholders holds meetings. In the meetings, they discuss the manner in which they can gain profit and retain their customers.
In contemporary times,