This presentation discusses the role of human resource management in an organization, the issues faced by HR departments, and recommendations for improvement. It also includes a review of competitors and the industry.
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TABLE OF CONTENT Introduction Problem Identification Recommendation solution Competitors and industry review Skills and experience of members Conclusion References
INTRODUCTION Marketing department of company is responsible forpromotingproductsandservices,increasing salesvolumeandmarketsharesothatitcan achieve its objectives. Marketing manager of LSST has planned various strategies in order to expand market share of company. This presentation is about various problems that are faced by London school of science and technology in the industry.
CONT. Competition:There is high level of competition in the industry LSST operate due to entrance of new colleges with attractive and innovative marketing strategies so that they can easily influence students to choose their college over other competitor. Therefore increasing competition level is threats for marketing manager to formulate appropriate strategies so that company can regain its market position.
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CONT. Target market:LSST marketing department has planned to target younger generation of UK andpeoplethatwanttoenhancetheir knowledge and skill on continuous basis to enhanceitsprofitabilityandsalesvolume. Marketingdepartmentofcompanyhasalso plannedtoattractstudentsthathavepoor financial condition but have ability to learn variousskillsandknowledgeorhighly qualified for providing professional course.
CONT. Scope of market:It can be stated that marketing department of LSST had wide scope of market to attract large number of customers such as it can enhance customer’s satisfaction through providing appropriate and qualitative services. Company also usesocialmediasitesinordertomarketits products and services to large number of customers and increase its sales.
PROBLEM IDENTIFICATION: There are various problems identified in effective marketing of products and services so that predetermined goals and objectives can be achieved. Thu different problem faced by marketing department of LSST College are as follows: High competition: One of the most important threats which is faced by LSST College is increase level of competition within industry. There are number of college with attractive marketing strategies and high skilled employees that are working for years to run college
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CONT. Unskilled employees:Another problem that was faced by marketing department of LSST is unskilled and untrainedemployeestomarketitsproductsand services to customers. Less skilled employees are not able to plan effective strategies and influence people to choose LSST College. Thus, high employee’s turnover and less ability of high skilled employees has impacted adversely on performance and productivity of firm. Inappropriatemarketingstrategies:Marketing department has used odd and inappropriate marketing strategies to influence customers.
CONT. Ineffective management of people:LSST has unorganised organisational structure so work of different individual is unable to coordinate towards achievementoforganisationalgoals.Marketing manager is not able to effective supervise and monitorperformanceofeachemployeesthus impact on company profitability and sales volume.
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RECOMMENDATION SOLUTION: On the basis of above analysis of various problem that are faced by marketing department of company there are some solution or recommendation so that company can effective expands its market share and increase its brand image. Introduction of specialised courses:Company by launching various specialised professional course such as CIPD, ACCA and CIMA in specialised area can gain competitive advantages. Introduction of innovative course in products portfolio of firm helps marketing department to easily influence customers to choose LSST College.
CONT. To improve management: LSST college marketing manager has to effective managed all resources and people that are working within firm for achievement of objectives. It should use innovative technology such as information system to monitor performance of each employee and plan various ways to improve performance for growth and success of business. To recruit highly skilled employees:Company should recruit highly skilled, qualified and experienced employees so that it can retainexistingcustomer’ssatisfactionandenhanceitsbrand image.
CONT. Enhance marketing strategies: Marketing manager of LSST College have to improve its marketing strategies by effectively analysing completion, need of people and products and service available in the market. Due to digitalisation and continuous development in technology it can use social media to market about various information LSST colleges. Company can also create it’s on website to attract customers and market its products and services that are offered by firm. Use of social sites and media increases market share, profitability and sales volume as it is able to build and maintain strong relationship with its customers. Redesign marketing mix can be another option that manager can used so that company can achieve its goals.
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COMPETITORS AND INDUSTRY REVIEW: LSST was one of the leading colleges in UK but due to entrance of large number of competitors within industry in which company operateshasreducesitsmarketpositionandperformance. Continuous innovation of technology and various services offered by different competitors are some of increasing threats for growth andsurvivalofLondonschoolofscienceandTechnology. Company has less skilled and qualified professional as compared to other competitors in the market so it can impact on company performance and brand image.
SKILLS AND EXPERIENCE OF MEMBERS From the above analysis it can be stated that there are various skill that helps them to solve business problem are such as research skill of mine helps them to gain better knowledge about competition level within industry. It also helps in indentifying need and demand of customers, recent trend in marketing and technology that can be used to effectively market products and services of company to people. Innovative and creative skills that are inherited in me help them to find various innovative and creative methods to share information to large number of people within limited time and efforts.
CONCLUSION Fromtheabovereportitcanbestatedthat marketing department plays important role within firm by influencing people to choose particular company products and services. It also helps in enhancing sales volume and profitability, market share of company.
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HUMAN RESOURCE MANAGEMENT Human resources management is a strategic approach which manage number of people within company. Humanresourceperformsdifferentrolessuchas recruitment, selection, hiring, onboarding, training, promotion,firingofemployeesetc.within organization. They help company by developing vision and creating number of objectives for achieving vision over the period through employees. The presentation helps to understand about role of HR and their issues which have to face while conducting operation within organization.
COMPETITION: London School of Science and Technology (LSST) is privately managed higher education collage. It is one of the biggest collages in the UK and it has four campuses which operates across the UK. From few years has been faced tough competition due to enter new collages in the education market. The competitive collages have good course portfolio as compared LSST. So,HRfacestoughcompetitioninthecontextofdifferent functional area of the organization.
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TARGET AUDIENCE The target audience is highly skilled lecturers which are targeted by HR. They offer attractive incentives and health insurance policies to target audience which attracts them to apply for job. HRrecruit’sdiverseculturalemployeewhohavegreat knowledge and their qualification matches with job post. The reason behind is that HR wants to innovation and health working staff which can help collage to meet its objectives by offering quality services to the young generation.
SCOPE OF MARKET UK is highly populated area and famous for good education system. So HR has good opportunity to recruit talented employee for the lectureship post. HRcanusegoodrecruitmentstrategywhichcanattract employee to apply for job. Online recruitment process is another opportunity which can use by HR to provide recruitment facility beyond UK boundaries. If collage has good pay structure then easy for HR to attract new employee and retain existing employee in the business market.
PROBLEM IDENTIFICATION: Lack of retention Employee retention is too less in the LSST collage due to salary structure because they don’t get any privilege facilities form the collage as well as salary. Humanresourcemanagementunabletoretainnumberoftalented employees within organization because they don’t wide course portfolio which attracts customer to take admission in collage. Working environment LSST gets best position in the UK based on the education field. But organizationdoesn’thavegoodturnoverduetolackofstaffand customer. One-waycommunicationisexecutedbyHRwithincollagewhere employee can’t direct communicate with the HR directly. Staff have to follow criteria to communicate with HR like they have to drop mail regarding their issues i.e. salary, work pressure and promotion
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RECRUITMENT STRATEGY Recruitment strategy plays essential role in organization becausewhenrecruitmentcriteriaiseffectivethat automatically attracts skilled employee to apply for the job. The reason behind is that talented employee always looks for those organization which has good status and effective recruitment criteria that draw portray in the employee mind for the collage or organization. But HR doesn’t have good recruitment strategy because theydon’t offer anyattractive incentives, policies and salary which attracts highly skilled employee. On the other hand, competitors have good recruitment strategy along with attractive incentives that pulls attention of talented staff for the job post.
LACK OF STAFF MOTIVATION Motivationplayscrucialroleintheorganization becauseitisnothelpingtoimproveemployee wellbeing but also raises goodwill of organization in the UK’s business market. HR doesn’t organize any extra cuticulum’s like festival celebration or recognition seminars etc. which are the main source of motivation but doesn’t organization that leads demotivation within workplace. Rewardstrategyisspeciallydesignedtomotivate employee but HR unbale to offer rewards to employee due to less turnover of collage that also demotivate them within collage.
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EFFECTIVE RECRUITMENT STRATEGY Humanresourcemanagementcandevelop effective recruitment strategy like recruited employee will get privilege facility and gets extra holiday except festival week off etc. are sufficient to attract talented employee for the job. Even HR can offer hike salary based on the performancethatattractisnotonly experiencedemployeebutalsoyoung generation who also keep potential and more knowledge. These type employees can help organization to raise brand image in the education field by leading best result of students.
GOOD WORKING ENVIRONMENT STRATEGY To improve working environment should apply two- way communication or open communication which helps staff to direct communicate with HR about their issues related to salary or work pressure. In addition, it helps HR to build good communication with staff and develops healthy working environment within organization. Good working environment leads effectiveness in the employee’s performance. They will give high efforts in their performance so that student understand much better and leads best outcomes in the collage.
CONT. Retention strategy To overcome issue of retention should offer good salary as compared other competitive collage by HR that helps to retain employee prolong time within organization. Recognition seminars can organize by human resource and offers recognition to staff who give high efforts in the student results that motivates employee to give honest performance at the workplace. Performance management strategy Performance management system should apply by HR which helps to supervise each employee performance while teaching in the class and their efforts based on the student results. It helps HR to retain only talented employee instead of others.
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COMPETITORS AND INDUSTRY REVIEW: Human resource department faces tough competition as compared another competitive HR department. The reason behind is that competitors have good staff who are highly skilled and have good retention because gets good salary. On the other hand, LSST’s HR does not have good staff and less retention as well due to inappropriate salary. Workingenvironmentofthecompetitor’scollageisquite impressive which attracts talented employee towards collage. WhileHRunabletoprovidegoodworkingenvironmentat workplace which causes reduces their wellbeing within company. LSST collage has good brand position in the education field but HR department doesn’t have good recruitment strategy which causes have to face high competition in this field from past several years.
SKILLS AND EXPERIENCE OF MEMBERS I found my analytical skill was quite impressive because when I was identifying issues of the business which caused organization had to face competition from few years. Then I got to know my analytical skills is good because I determined problem. I found in myself that I had good creative skills while recommending solutiontoovercome identifiedissuesbecause Igave specified suggestion for HR which could help HR to recruit talented staff for the certain job posts and retained talented staff within job place.
CONCLUSION ThereportprovidedunderstandingaboutHR competition with other competitors in the business. Targetedaudience,scopeofmarketand competition of HR has been summarized in report. Problem identification and competition & industry review in the context of HR can be summarized in report.
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REFERENCES Sparrow, P., Brewster, C. and Chung, C., 2016.Globalizing human resource management. Routledge. Collings, D.G., Wood, G.T. and Szamosi, L.T., 2018. Human resource management: A critical approach. InHuman resource management(pp. 1-23). Routledge. Guest,D.E.,2017.Humanresourcemanagementand employeewell‐being:Towardsanewanalytic framework.HumanResourceManagementJournal. 27(1). pp.22-38. Gutierrez-Gutierrez, L.J., Barrales-Molina, V. and Kaynak, H., 2018. The role of human resource-related quality management practices in new product development.International Journal of Operations & Production Management.
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