Corporate Governance and Human Resources Management in CK Infrastructure Holdings Ltd
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This dissertation examines the relationship between corporate governance and human resources management in CK Infrastructure Holdings Ltd. It explores factors affecting employee motivation, satisfaction, and retention, and evaluates HR capabilities. The methodology includes surveys and interviews.
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MBA DISSERTATION MODULE – Formative Assessment 1 PROJECT PROPOSAL Project Background: Rationale for selection – importance and potential impact of the strategic project for an organisation or business sector. Word Guide approximately 500 The project examines the case study organization of the CK Infrastructure Holdings Ltd. The organization is facing external pressure due to the competition in the global infrastructure business. The company headquarter in Hong Kong; the suitable and experienced candidate is not good enough from the local Hong Kong market. Moreover, there is tightness in the overseas tax regulations and along with that, the business is located in UK, Canada, Australia and New Zealand…etc, in UK the Brexit impacts are there already. It has been found that the employees of the organization are suffering from loss of motivation. Since there is the customer demands are changing always and there is work pressure too, the work life balance of the employees is being hindered up to greater extent. On the other hand, there is the responsibility to understand and follow the relationship between Corporate Governance and Human Resources Management. The corporate governance is something that understands and operates according to relevant legislation including industrial laws, leads to the improvement of the productivity of organizations from a critical viewpoint for preventing them from falling into the crisis due to the weak management which can further worsen the administrative and financial corruption. Lead and influence a collaborative, innovative and values based culture. More aptly, the corporate governance appeared as the management method which is founded on a set of principles along with the procedures which govern the administration along with the parties of deals. It has been also found that corporate governance as a subject has been limited to the financial side at the expense of the human resource side. The basics of the theory and corporate governance models are based on the human resources which is the most important target of the corporate governance. The human resources are expected to provide value, commitment and ethics which can be possible only through the factors such as motivation, training, participation and job satisfaction. The project will form objectives on investigating the relationships between corporate governance and Human Resources Management in the CK Infrastructure Holding Ltd. Hence, in this manner, the fulfilment of the objectives become of higher practical value. Further, these management concerns contribute to the intellectual knowledge and the academic ideas which are employed particularly in this dissertation project. Therefore, this dissertation project carries some academic values. The
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conceptual framework below provides a pictorial view on the relationship between the corporate governance and the human resource. Theoretical framework Literature Review: Identification of the key aspects of the business literature (e.g. service quality) to be underpins the study. This review should briefly cover the main ideas and business practice that will be considered. It should locate a sample of the some of the main sources and identify key critical issues that might arise. – Word Guide approximately 750. Corporate governance- The corporate governance is the compilation of the processes, rules and laws, through which the businesses are operated, controlled and regulated, understand and operate within the internal and external political environment. The term corporate governance encompasses the external and the internal factors which affect the interests of the stakeholders of the company such as the shareholders, suppliers, customers, the government regulators and the management, actively scan the external environment and monitor the context in which the organisation operates. The board of directors of a company are responsible for the creation of a framework of corporate governance which aligns best the objectives and the business conducts. There are specific processes which can be outlines in the corporate governance consisting of the action plans, the performance measurement, the executive compensation decisions and procedures for reconciling the conflicts of interest and implicit contrasts between the stakeholders of the company. The corporate
governance has some of the specific principles such as all the shareholders must be treated fairly and equally. The shareholders have to be aware of the rights and ways of exercising them. All the contractual, legal and social obligations to the non-shareholder stakeholders should be upheld.It consists of communicating the pertinent information to the investors, the employees, the community members and the vendors. On the other hand, the board of directors should maintain their commitment in ensuring the fairness, accountability, transparency within the corporate governance. The corporate governance policies and the procedures must be transparent to the relevant stakeholders. Human resources- Shape and mange a people strategy aligned with whole of government objectives. Identify and communicate potential issues and setbacks that will affect workforce design, culture and performance. Monitor and analyse internal and external influences and their impact. The human resource is the staffs and the people who operate an organization and can be placed as a contrast to the material and financial resources of an organization. The human resources function to actively identify economic and demographic trends and factors that may influence HR plans and goals. A single employee can also be considered as the human resource of a company. It is the function of an organization which deals with people along with issues which are related to them such as the recruitment and hiring, compensation and benefits, on boarding employees, the performance management, and lastly the organizational culture and development. Tax regulations in Hong Kong- There are various reasons behind the foreign investors and the entrepreneurs choosing Hong Kong to be the preferred jurisdiction for establishing the business as well as expand it. Some of the top factors are easy setting and operating a business in Hong Kong, the proximity to mainland Chinese market and extremely attractive tax regimes. There is no capital gains in tax, no value added tax and no withdrawing tax. Employee motivation- It is the level of energy, creativity and commitment that is brought about by the workers of a company to their respective jobs (Ahmed et al, 2010). The employee motivation always stays as a management concern irrespective of whether the company is growing or shrinking. The competing theories always keep stressing on the incentives or the employee involvement. The entrepreneurs should always stay mindful about the effects of low employee motivation as it can lead to disinterest, complacency and widespread discouragement. Employee satisfaction- Employee satisfaction can be used by the HR industry for describing the way employees are content with the job, their payments, the experience they gain and the organization they work for. Focus on delivering the quality outcomes. It is a key metric which can determine the health of the organization. It is linked to the emotions and mood in the workplace. The moods can be temporary but the emotions are permanent and way more powerful. The
impact of the motivating factors on the satisfaction of the employees is strong and visible too. The existing literature finds that there has been a substantial relationship among the motivating factors such as professional goals, responsibilities, recognition and employee job satisfaction. Employee Retention- It has been found from study that motivation has a significantly positive effect on the retention. Be accountable for own decisions and actions and those of direct reports, take personal responsibility to meet the role, the team and the organisational objectives. The future researchers are recommended to include the job satisfaction to the effects of retention and motivation in the private sector. Sajjad etal, has also pointed out that in Pakistan, the workers tend to leave jobs due to loss of motivation in the financial segment specially. This indicates that motivation enhances the retention of the employees. Environmental Drivers Salary/ incentives-The studies on the employee perception on the payment system drag many other variables such as control, behaviour, reward, restrictions, motivation and Mendes, (Lunkes,FlachandKruger2017). It is an instrument of controlling and managing the workforce which also leaves huge impact on the employee motivation. . Communication- One of the biggest aspect in the organizational context is the communication. It plays an important role in the employee motivation through various ways. When there is effective communication in the organization, staff retention becomes easy and smooth. Communicate clearly and confidently across all levels of the organisation. Make sound, rational and ethical decisions. The Customer contentment also increases along with the motivation (Sylvester 2016). Employee involvement- It has been explored that the organizational performance is affected by the employee involvement. The employees feel more respected and valued when they are made a part of the organizational decisions, seminars and meetings (Qiand Wang 2017). Training and development–The employee training and development programs are required for retaining the right people and gain profits. With the growth of the companies, the war for talent increases. The training and development helps in providing a strategic path for the organization. The high-impact training and development programs are the result of a sincere planning and alignment process. The steps for creating high-impact employee training are evaluating the effectiveness, layer training, analyzing the skill gaps and identifying the business impacts. Build and apply HR knowledge and expertise to deliver value to the organisation. Deliver HR services and tools that improve workforce performance. Provide coaching, mentoring and development for managers to develop people management expertise.
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Outcomes or solutions Job security- Job security is an important area of concern for the staffs of an organization. It is noted that those employees who work in an organization where there are no diminution of pay, seniority, pension rights and other factors have less motivation towards the work they do. As per the views of Boella and Turner (2013), it is seen that job security functions through associating the employees with the organization. Staffs usually tend to leave a job that does not provide job security to them. The job insecurity initiated from the thought that their Job and position is not certain in the organization Recognition and Appreciation- It is evident that people like to be respected, motivated, acknowledged and evaluated. It can be achieved by the recognition and reward provided by the organization an employee works for. There is a strong relationship between the organizational rules, impacts of staff rewards, the organizational regulations, the staff maintenance and the work contentment. The organizational reward systems with proper planning leads to the enhancement of the staff retention rate (Abu Baker 2014). Additionally, the proper human resource policies and work satisfaction have an affirmative relation with the retention of the workers. The HR policies must include the remuneration based on performance, employee appraisal and huge career development scopes Objectives: Identify 3-4 objective outcomes from the dissertation in terms of what the dissertation seeks to achieve for the organisation or business sector. These objectives should reflect outputs not tasks to be completed and should emphasise the areas for improvement to business performance the dissertation will concentrate on. 1.To understand the factors of corporate governance such as statutory duties and employee behavior in the CK Infrastructure Holdings Ltd. 2.To evaluate the human resource capabilities in the CK Infrastructure Holdings Ltd. 3.To explore the relationships between corporate governance and Human Resources Management in the CK Infrastructure Holdings Ltd. Methodology: Candidates should include a brief statement as to what they consider the main methods of primary and secondary research are likely to be the most useful to achieving the project outcomes – Approximately 300 words.
Objective 1-To understand the factors of corporate governance in the CK Infrastructure Holdings Ltd:In order understand the factors of corporate governance in the CK Infrastructure Holdings Ltd. the project will take help of various secondary data and the existing literature. The previous literature and studies will be explored to come to a specific conclusion.The secondary data will be used as the background work is already carried out through this. The secondary data is useful for the data enrichment and improves its precision through adding the values and attributes. Moreover, the secondary data also provides baseline for the primary research for comparing the collected primary data results which can be helpful in the research design. The previous literature and studies will be explored to come to a specific conclusion.The theories and models will be then linked to the CK Infrastructure Holdings Ltd situation and employee conditions. In order to find information on that, the annual reports of the company will be accessed and minutely analysed. Objective 2-To evaluate the human resource capabilities in the CK Infrastructure Holdings Ltd :In order to evaluate the human resource capabilities in the CK Infrastructure Holdings Ltd. 100 employees will be taken for the conducting a survey and gain the quantitative data for research. The survey questionnaire will be formed with 50 objective type questions. The data will be collected and analysed to give a proper result of the findings.The survey method will be used as there are various benefits of this method. Firstly, survey method provides a high level of general capability in representing a large population. It helps to gather data from a large sample size, within minimum cost and minimum time-period. Moreover, the survey questionnaire will be circulated online thus nullifying the expenses. The survey method will be used for the analysing multiple variables in short time. Objective 3-To explore the relationships between corporate governance and Human Resources Management in the CK Infrastructure Holdings Ltd: In order to understand the relationships between corporate governance and Human Resources Management in the CK Infrastructure Holdings Ltd. 5 managerial personnel will be interviewed to collect the quantitative data for the research.The interview method will be helpful for investigating issues in a detailed way. This method will also help in discovering the way the individuals feel and think about a particular topic and the way they hold specific opinions. The interview method will be used as it is useful for obtaining information regarding the perceptions of people having a high response rate. The interviews are refrained from influences of others in a particular group and some of the queries can be clarified during interviews MBA Dissertation Key ActivitiesTime-scaleResources required
(Milestones)(Plan of action) (Equipment, software, personnel etc) Selection of the topic 1stto 3rdweekNotepad, excel sheet, survey questionnaire , spss tool, consent of the interviewees, Data collection from primary and secondary sources 4thto 6thweek Layout creation 7thto 9thweek Analysis of collected data 8thto 12thweek Finding formation 6rdand 12th week Conclusion13thweek Submission14thweek First Line Supervisors confirmation that the project has been discussed at a supervisory meeting and inclusion of any comment: Name …………………………….....................……..date of meeting…………........................……………
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SUPERVISOR FEEDBACK SHEET Feedback on Project Proposal: Quality of the Strategic Project overview and objectives Literature review synopsis and methodological synopsis Supervisor Signature…………………….Date: ………………………………