Business Issues and the Contexts of Human Resources
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This report discusses the range of factors impacting organizations, the development process of organizational and HR strategies, and the role and contribution of HR in business and change management.
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BUSINESS ISSUES AND THE CONTEXTS OF HUMAN RESOURCES
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Table of Contents 1.0 Introduction..................................................................................................................3 2.0 Range of Factors Impacting Organization...................................................................5 3.0 The Development Process of Organisational and HR Strategies...............................6 3.1 The Forces Shaping HR Agenda.............................................................................6 3.2 Different Tools for Analysing....................................................................................8 3.3 Key Stages in Strategy Formation.........................................................................10 3.4 HR Contribution......................................................................................................12 4.0 Identification and Response to the Change of Business Environment.....................15 4.1 Business Performance and Role of HR.................................................................15 4.2 Contextual Data for Planning Purpose...................................................................16 5.0 Conclusion.................................................................................................................19 References.......................................................................................................................20
1.0 Introduction HR (Human resource) is referred to as the people who are responsible for making the workforce of a particular organization and the business sector of the human capital. The HR performs human resource management overseeing the various aspects of the employment, and also the labour law, the employing standards, employee benefits and the recruitment aspects of the employee and also makes such strategies that are beneficial for the organization (Prieto, Mathur-Helm and Dawson, 2018). HR planning is crucial for the success of the business as the same directly enables the management to devise the workforce and attune the same towards the broader corporate aims and objectives in a sustainable manner (Van der Togt and Rasmussen, 2017). In this report the different range of factors which affect the organization is analysed, the range of forces which affect the organization is discussed, the tools used in the world for the carrying out the method of analysing effectively and productively, The strategies formation of the human resource management are analysed in brief in the report a proper and brief discussion on each aspect is carried out in the report with respect to Honda, UK. In the report the role and the contribution of the HR in the business and change management are evaluated in brief, the roles of HR in business planning are also evaluated in the report, and some of the different sources that will help the company to access profit are also mentioned in brief. All these aspects are being assessed in this report a brief discussion on each aspect is carried out in the report. The information
provided in the report is very accurate and correct (Prieto, Mathur-Helm and Dawson, 2018). This report depicts how important the HR person is in the management system of the company. How the human resource manager works or the human resource body functions to carry out a successful management plan that will help the company or the organization in carrying out the strategies effectively and eventually gaining maximum profit (Reilly and Williams, 2016).
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2.0 Range of Factors Impacting the Organization The different range of factors which affect the organization is enumerated below.The factors are divided into two factors the internal and the external factors both the factors are mentioned herein as below: Internal Factors ï‚·The mission or goal ï‚·The leadership factor ï‚·The communication ï‚·The organizational structure factor ï‚·The learning factor (Reilly and Williams, 2016) External Factors ï‚·Political ï‚·Economical ï‚·Social and technological (Prieto, Mathur-Helm and Dawson, 2018)
3.0 The Development Process of Organisational and HR Strategies 3.1 The Forces Shaping HR Agenda Garavan, Watson, Carbery and O’Brien (2016) have explained thatthere has been a different range of forces which may affect the organization is specified as below: Exponential technology change Technologies are becoming powerful day by day nowadays resulting in impacting the world and the world of HR eventually. The technologies break through the procedures in the market as well as the business (Reilly and Williams, 2016). Due to the innovation of robots, artificial intelligence and other collaboration of the robotics world affect HR in a great amount (Garavan, Watson, Carbery and O’Brien, 2016). Social, organizational reconfiguration Social, organizational reconfiguration is an important factor leading to affecting the rangeofHRandorganizations(Sousa,2018,October).Theincreaseinthe democratization of the workload is willingly shifting the HR forms towards the great balance organizations and the communities that are more shifted and concentrated towards the project- based relationships eventually (Reilly and Williams, 2016). HR talent is increasing day by day resulting in the response to the network replacing hierarchies and the social as well as the external elements and the collaboration as they are the vital elements of the particular product and the service of the development (Garavan, Watson, Carbery and O’Brien, 2016). In the opinion ofPrieto, Mathur-Helm
and Dawson (2018), it is dueto the Social, organizational reconfiguration factor, the HR becomes more efficient, productive and collective eventually. Global talent market The global talent market is another factor affecting the HR working in 2018 is like the expectation of HR to be seamlessly distributed around the whole globe with the ability to operate 24/7. The availability of greater longevity helps in making mature talent work longer and efficiently (Cascio and Graham, 2016). Women are also playing an important and effective role in the positioning of HR. the HR engage and are addressing a variety of different cultural preferences in the policies, work designs and also the benefits and workforce that extends to the limit of regular 24/7 employees (Prieto, Mathur-Helm and Dawson, 2018). The collaboration of human and machine This is another very important factor and criteria affecting HR. the machines are capable ofprovidingtheuserswithanalytics,algorithmsthebigdataandthefeatureof automation eventually. Resulting in the enhancement and increasing the productivity of the decision-making ability and the organization as well (Cascio and Graham, 2016). But duetothe comingof smarter machines inthemarket andorganization, the dependence on the HR is decreasing and also the demand of HR is decreasing resulting in the situation of unemployment (Reilly and Williams, 2016). The HR is specific and helps in maintaining the external relationship to the argument of thecapabilitiesandbeyondtheemployeesandthecreationoftheworkforce transactions that are helping them in maintaining the reputation of her as well as the
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organization and making the place a better and attractive place for working (Ostroff and Bowen, 2016). 3.2 Different Tools for Analysing There are many tools used in the world for carrying out the method of analysing. Some of the analysing tools are mentioned below eventually- ï‚·The SWOT analysis tool ï‚·The PEST analysis tool ï‚·The MOST ï‚·SCRS tool ï‚·VPEC-T tools (Kuipers and Giurge, 2017) These are the main tools used in the carrying out of the analysing method. The main three of these tools are mentioned in brief below- Swot Analysis The SWOT analysing tool is primarily defined as the group of methods that are used in order to examine both the internal and the external factors that are primarily affecting the performance of the analysing ability and the company (Brewster, 2017). The SWOT analysing is commonly applied in the primary stages before the launching of companies newstrategiesandplans,moreimportantly,thebusinessmarketingplans ofthe company (Kuipers and Giurge, 2017). The SWOT analysing there are four different elements that are compulsory to examine in order to complete The SWOT analysing. The four different elements that need to be examined are stated as follows:
ï‚·Strengthsï‚·Weaknessï‚·Opportunities andï‚·Threats(Ostroff and Bowen, 2016) In the Strengths and Weaknesses criteria, the two elements tend to lay in the control of the company and the HR and thus are called as the internal factors. And the remaining two elements Opportunities and Threats lay in the external factors (Kuipers and Giurge, 2017). THE PEST ANALYSIS ThePESTanalysisofthistoolfull-formis(Political,Economic,Sociologicaland Technological) this analysis is used in order to analyse the external impacts on the performance of the enterprises (Reilly and Williams, 2016). The PEST analysis the business owners and the HR are believed to provide with the common external effects that affect the business internally or externally depending upon the situation and the impact (Brewster, 2017).The key elements are acknowledged below eventually- Political The Political aspect consists of the prediction and the current workflow of the company and also the political situation of the company (Kuipers and Giurge, 2017). Economical This Economical aspect consists of two local and global scale factors (Noe, Hollenbeck, Gerhart and Wright, 2017).
Sociological This sociological aspect affects the situation of the decision-making process of the company.Thecustomerdemandsandtheotherexaminecriteria(Sousa,2018, October). Technological This technological aspect is believed to be important in examining the outburst of the fourth industrial revolutions and also due to innovations of such great technologies is resulting in helping the business owners to keep up with the pace of modern technology and the market (Ostroff and Bowen, 2016). The MOST The MOST aspect is a very suitable and important tool for every company as the company looks to developing the internal analysis of the HR management and the company as the tool helps the owner of the company to ensure and know that the company is going on the right path eventually (Brewster, 2017). 3.3 Key Stages in Strategy Formation The strategies formation of human resource management refers to the appropriate course of the realization of the organizational goals and the objective to be achieved by the company and the organization eventually (Kuipers and Giurge, 2017). Some of the steps of the strategies formation are provided in brief below- Setting the organizational objectives eventually
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Setting the organizational objectives eventually this is the main aspect of the strategy formation and in order to set a long term non-objective through the organization (Noe, Hollenbeck, Gerhart and Wright, 2017). The setting is the aspect through which the general realization of the objective set by the organizations will reach (Barratt-Pugh and Bahn, 2015). The strategies involve the fixing of the objectives as well as the medium to be used in order to realize the objectives. Therefore the setting the organizational objectives strategies mainly believe in the deployment of the resources to achieve the objectives (Barratt-Pugh and Bahn, 2015). Evaluation of the organization environment Ostroff and Bowen (2016), states that the next step in the strategy formation is the Evaluation of the organization environment this step includes the evolution of the generaleconomyandtheindustrialenvironmentthroughwhichtheorganization operates efficiently and productively. This information consists of the reviewing of the organizationexistingproductlineandstrategicmanagement(ReillyandWilliams, 2017). The main aim of the review is to make sure that the factors are important for competing for success in the market andcanbe discovered eventually. And HR managementcanevenidentifythestrengthsandweaknessesofthecompetitive strengths and weaknesses (Brewster, 2017). The setting of the quantitative targets In the step of the setting of the quantitative targets, the management may need to resolve any issues regarding the quantitative target values which are critical for the achievementoforganizationalobjectives.Themainaimbehindthisstepofthis
quantitative target is to help in the comparison of the long term customers in order to evaluate the contribution of the organization and the organization's products or the organizational departments (Momin and Mishra, 2015). Aiming in the divisional plans In the consideration ofNoe, Hollenbeck, Gerhart and Wright (2017), this step of Aiming in the divisional plans consists of the contributions of the department on the division or even the product categories within the organizations is also identified as per the plan laid out by the organization in each and every zone of the organization(Ostroff and Bowen, 2016). 3.4 HR Contribution In the consideration ofOstroff and Bowen (2016), theHR professional is one of the most important and success-critical persons in any organization. The effectiveness, productivity,andefficiencyofanycompanydependuponthecontributionofHR (Garavan, Watson, Carbery and O’Brien, 2016). In order to gain development and competitiveness,theorganizationskeeponchangingthemanagementplansand strategies and here the HR plays an important role in this change (Reilly and Williams, 2017). The role of HR in this changing strategy is presented in these paragraphs. The role and the contribution of HR in the business and change management are listed down as below. Watchdog Communicating with employees
Establishing an agenda in order to change Proposal for the solutions Providing training to the managers Handling emotional roadblocks (Joy, 2018) These are the role and the contribution of HR in the business and change management. Some of the role and the contribution of the HR are discussed in brief below- Watchdog HR mainly plays the role of the watchdog in the organization in the business and change management of the company. HR plays an important role in monitoring the employees and management during the changing of the strategies in the organization's management systems (Hunter, Saunders and Constance, 2016). During the change, the talent of the leadership quality is executed by HR eventually. This leadership guarantythattheleadershipqualitywillbeevaluatedandexecutedproperly and efficiently by the organization's culture and the policy of the organization. This is the role of HR in business and change management (Momin and Mishra, 2015). Proposal for the solutions It has been observed that the given point is also an important role played by HR the role of Proposal of the solutions (Garavan, Watson, Carbery and O’Brien, 2016). This role mainly depends upon the intensity of change and the requirement of whether the company has the requirement of competitive growth or any personal growth (Joy, 2018). The ability of HR to provide the solutions is examined here. It is the common role of HR to provide the company with the solution to the problem eventually (Momin and Mishra,
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2015). For example, if the company is experiencing a high-level competition that forces the company to expand abroad then the HR is expected to come up with such a situation where the strategy provided must be effective and helpful for the company in order to reach this situation (Noe, Hollenbeck, Gerhart and Wright, 2017).
4.0 Identification and Response to the Change of Business Environment 4.1 Business Performance and Role of HR The HR professionals have a very important role in the business planning they have many roles to be played in the organization. HR is responsible for carrying out good and effective business plans that will help the organization or the company to grow and bring an impact on the market and eventually gain maximum profit (Hunter, Saunders and Constance, 2016). There are many roles of HR in business planning some of them are quoted below – The Training and the development The employee Acquisition The cost and quality control Compliance management ability (Momin and Mishra, 2015) These are the roles of HR in the business planning of an organization or company. Some of the roles of HR in business planning are acknowledged in brief below- The cost and quality control As per the opinion ofJoy (2018), theHR helps the company to help the company in the business cost conservations methods while manufacturing the compensation packages and benefit materials or carrying out any employee’s beneficial training programs (Reilly andWilliams,2017).Eventuallyduetoanincreaseinthetechnologyandthe competition of adaptation of modern technologies the technological growth resulting in
the increasing expenditure of finance in every company. In such a situation the HR personal comes with such an effective and cost consuming plan that helps the company to grow as well as reduce the cost expenditure eventually. Compliance management ability This is also an important role in the Compliance management ability of HR. the HR is responsiblefor handlingthelabourandemployeerelationandpreventingitfrom converting to the dispute (Barratt-Pugh and Bahn, 2015). And also the role of dispute resolution in the operation of the company is played by the HR (Reilly and Williams, 2017). As per the opinions ofHunter, Saunders and Constance (2016),the role here is tomakesurethattheorganizationisfollowingtherulesandregulationsofthe government compulsorily and accurately (Momin and Mishra, 2015). The rules and regulationsofthegovernmentmayvaryintheaspectof-labour,employment opportunities and government regulations eventually (Ostroff and Bowen, 2016). Strict Compliance management can help the company to become a popular amount the customers and also develop trust among the customers (Noe, Hollenbeck, Gerhart and Wright, 2017). The roles of HR in business management were already mentioned above. 4.2 Contextual Data for Planning Purpose The main aim of any organization is to gain maximum profit so the HR must come with some contextual data that will help the company to gain maximum profit (Hunter,
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Saunders and Constance, 2016). Here are some of the different sources that will help the company to access profit eventually. ï‚·The discovery of the engagement drivers ï‚·The power must be given in the employee's hands ï‚·The identification of future leaders and HR ï‚·Allocation of the right employee in the right place ï‚·The leverage external data (Joy, 2018) Some of the different sources that will help the company to access profit eventually are discussed in brief below- The discovery of the engagement drivers The discovery and engagement of the employee is an important grail for many reasons. It helps in improving staff relations, improves the company policy, helps in making the employee more efficient and productive. And will eventually lead to the development of the company and gaining maximum profits eventually. The identification of future leaders and HR In the consideration ofHunter, Saunders and Constance (2016), this is also an efficient way of business planning the data provided from the people and business management provides with many insights about the budding talent in the company (Momin and Mishra, 2015). But it needs to follow the traditional HR insights. HR can be able to provide future strategies with statistic evidence and data insights eventually (Barratt- Pugh and Bahn, 2015). This will help in recognizing the future leaders of the company
and knowing the potential of the company. This is a vital step to develop the company in the future eventually (Noe, Hollenbeck, Gerhart and Wright, 2017).
5.0 Conclusion At last of the report, it is concluded that the essay aims to reach out a large amount of audience and also to acknowledge the manager of the new modern business class regarding human resource management and development (Barratt-Pugh and Bahn, 2015).Theessaywillhelpingainingknowledgeregardinghumanresource management and the importance of the advantages of the disadvantages the aspect which affects human resource management. The young generation is the main focused audience as they are the fugue of mankind and if the gain knowledge regrinds human resource management it would be better for them to carry out business easily and effectively in the future (Hunter, Saunders and Constance, 2016). Finally, based on the assessmentandevaluationconducted,theresearchermayconcludethatthe organisation, Honda, has been performing well in their operations as far as HR strategy implementation is concerned. Therefore, it may be stated that a well-planned HR strategy set along with the efficient leadership will enable to the management to achieve the corporate goal of sustainability in the industry in the long run in most optimum fashion (Mowbray, Wilkinson and Tse, 2018, July).
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