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Human Resource Management: A Review

   

Added on  2020-01-15

17 Pages7025 Words220 Views
Business DevelopmentLeadership ManagementProfessional DevelopmentDesign and CreativityData Science and Big DataEconomics
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ANANALYSISOFHUMANRESOURCESCHALLENGESFACEDBYINTERNATIONALBUSINESSES(A STUDYOF DELOITTE LIMITED)1
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Table of ContentsChapter 1 Introduction .........................................................................................................................31.1 Overview of the topic............................................................................................................31.2 Rationale of the study...........................................................................................................31.3 Research aims and objectives................................................................................................41.4 Research questions................................................................................................................51.5 Structure of all the chapters...................................................................................................5Chapter 2 Literature Review ...............................................................................................................72.1 Introduction...........................................................................................................................72.2 Human Resource challenges faced by international business organizations........................82.3 Various aspects associated with human resource management...........................................132.4 Impact of human resource challenges on organizational performance and productivity....142.5 Conclusion..........................................................................................................................15REFERENCES...................................................................................................................................162
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CHAPTER 1 INTRODUCTION1.1 Overview of the topicHuman Resource Management of an organization manages all the typical work processes;thus apparently it is integrated with several challenges and constraints. One of the basic challengesthat has been observed in this area is demand of potential and skilled workforce who can managebusiness practices successfully on international level (Bhattacharyya, 2009). Further, anotherchallenge has been seen in management of cultural aspects among diversified employees. In the eraof globalization, organizations are entering into different market places which leads them to recruitnew people for work management; however due to cultural difference, issues generate in suchorganizations. Apart from cultural aspects, organizations have to deal with employee engagement aspectsbecause difference among people creates communication gap and as a result, it hampers coevalproductivity and performance of business entity (Bloom and Van, 2011). Human ResourceManagement is a wider term that brings success to the organization; however failure in prominentmanagement leads to business challenges and constraints. Thus, considering this fact organizationsin contemporary scenario are investing more in developing human capital as that significantlyunderpins growth opportunities.HRM is all about engaging different type of people in the organization for workmanagement; however involving diverse employees always creates issues due to difference ofopinion (Bloom and Van, 2011). Regarding this, many researchers have contended thatcommunication is the key aspect that helps all the organizations to manage organizational issues(Baron and Armstrong, 2002). Along with communication, there must be appropriate concern forthe employees so that they help in achieving all organizational aims and objectives. In most of theorganizations, due to separate departments, employees do not get the opportunity to interact withother people which in turn develops difficulties in sharing work related knowledgeable information(Brockbank and Ulrich, 2005). Another factor that bring challenges in the organization is in the realm of training anddevelopment. Employees sometimes find training unnecessary which minimizes their interest aswell in attending the same. It is essential for the employees to comprehend the value of training anddevelopment; however lack of such understanding affects their own performance. Talentmanagement is one of the major challenges that exists in HR issues where in employers face moredifficulties in retaining potential people for longer period (DeSimone and Werner, 2009). 1.2 Rationale of the studyThe present dissertation has been prepared for the purpose of highlighting human resource3
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challenges faced by international business organizations. In such respect, Deloitte Limited, has beenconsidered since it is a large multinational organization which has numbers of employees workingin varied regions. The study is useful for those readers and researchers who desires to acquireknowledge about challenges associated with human resource management of an organization. In thesame manner, primary and secondary both the sources have been considered in the research study;therefore it enhances the scope of meeting the aim of research study. Several studies have been conducted in the area of human resource management; however inthe present study, this topic has been selected as researcher wanted to highlight all the challengesconcerned with human resource management of the organization. The present research topic hasbeen selected because human resources of the organization are important and challenges in sucharea affects productivity and performance aspects. Hence, considering this, researcher has discussedthe relationship of human resource management with overall organizational performance. Human Resource Management is one such aspect which aids the business entity to developthe factors of growth and success; however challenges associated with this dimension criticallyimpacts overall business performance (Bloom and Van, 2011). In such context, several factors havebeen discussed in the present study that generates human resource challenges in the organization.The study is useful for all the business entities that emphasizes on prominent management of humanresources. In the current study, several challenges have been highlighted; therefore the researchwork is useful for organizations for mitigating HR issues. In the current study, emphasis has beengiven towards impact of globalization and cultural differences as these are the core factors thatgenerates human resource challenges in international business organizations. 1.3 Research aims and objectivesAim:The aim of the current dissertation is stated as follows:“To analyze human resource challenges faced by international businesses: A study ofDeloitte Limited”. Objectives:The objectives formulated for present study are:To study the various aspects associated with human respects in international businesses.To analyze human resource challenges faced by Deloitte Limited.To ascertain the impact of human resource challenges on company's performance.To recommend strategies for Deloitte Limited in mitigating challenges related to humanresource. 4
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