Delivering a Business Strategy - PDF
Added on 2021-01-02
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Delivering a business strategy
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3(a) Key current trends and developments that influences an organisation’s HR strategy...........3(b) How HR policies impact Private, Public and voluntary organisations.................................5TASK 2............................................................................................................................................5(c) Apply relevant theories and concepts relating to the growth and development of strategicHRM............................................................................................................................................5High-Impact HR model...............................................................................................................6TASK 3............................................................................................................................................8(d) Evaluate how appropriate change management models support HR strategy......................8TASK 4............................................................................................................................................9(e) How HR outcomes will be monitored and measured and apply to given organisational......9(f) How HR management and development can support sustainable performance and growth...................................................................................................................................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONStrategic human resource management is the practice of attracting, developing, rewardingand retaining employees for the benefit of both individual person as well as organisation (Jianget. Al 2016). In current scenario, various multinational companies have initiated changemanagement around their business firm to ensure clear and cut accomplishment of defined goalsor targets. Apart from this, report will be carried on TNT express, which is leading internationalcourier delivery services, which has become part of Fed Ex, USA. This company isheadquartered in Sydney, Australia and also have branches of Australia. Apart from companyoverview, this report will be cover currents trends and development in organisational HRstrategy formulation and also an impact of HR policies on private, public and voluntaryorganisation. Apart from this, report will also cover change management, for which varioususeful models will be take time with suitable conclusion out of it. Lastly, report will also tellabout Best fit and resource based approach, which will contribute to sustainable performance ofan individual at greater level. TASK 1(a) Key current trends and developments that influences an organisation’s HR strategyIn organisation, role of trends & development is high and responsive to functioning ofHR strategy at greater and optimised level. It was noticed that current trends & developmentsuch as workforce diversity, demography, technology, economical and government aspects hasbrought effectiveness and productivity into the business functioning of various organisation,irrespective of any industry. In context with TNT, company has recognised their people as theirmajor foundation on which it builds its customer focused strategy. For this, their focus majorlylies on hiring right skills candidate and with exposure to enables higher productivity. The trendswhich will be analyse has effected productivity at the greater level. Trends & developments areas follow: Workforce diversity: In current organisation era, workforce are becoming advance andare being diversified with right opportunities to work. As, they are majorly focus on making theircareer fully-fledged with aim to accomplish targeted future for longer period of time. It wasnoticed that such diversity has been achieved through continuous training & development alongwith learning to employee to enrich them with right knowledge and credentials (Kramar, 2014).
In context with TNT, workforce diversity has enriched organisation's HR structure with greaterability to plan action decision making. Such diversity, where freedom has been drives regardingsharing views, opinion and judgement of any employee, this has ultimately resulted intoincreased productivity of TNT workforce. The major reason is the creativity practices and clearinvolvement of diversified strategies to make workforce adaptive and responsive to work foraccomplishing desired goals and performance. Demography: In this phase, where different workforce has inspired through their pastexperience or performance, which has effected their productivity at the higher level. Indemographics, where there are different kind of people at one platform, chances would be highthat their behaviour may varies (Fisher, 2013). This can effect the performance of individual inboth positive or negative. In TNT, demography has brought effective working along with resultbased outcomes and increased productivity into their business operation. For example: UPS has faced lots of ups down in their operations, because of varies in thebehaviour of manpower. This has been resulted into ineffective working along with fluctuation inbusiness profitability. Hence, such kind of demographics needs to be control or overcome. Technology: This trends has led productivity of both employee and organisation at thehigher level. Also, in negative side, growing scenario of technology has led artificial intelligenceto eat job opportunities of people. In today's operational era, technology has reduced humanefforts to ease their life and increased income. In indirect way, technology has made peoplelethargic and bring down their productivity. In context with TNT, companies needs to give majorpriority to both human efforts and technology in simultaneous way to maintain productivity intheir organisation. Economical: On economical platform, organisation has saw various critical flux into thebusiness operation regarding currency issues, profit insufficiency along with price ups-downs.This has been led people to work more than their actual efficiency or might be they are not well-trained or motivated to do so (Marler, 2017). In response, this would create less productivity foremployees as well as staff of any organisation. In context with TNT, economical factors hascreated minor flux with operation shut-down of 2 weeks in 2017. For future business regulation,they needs to right control over economical aspects. Government: UK government has created several legal regulation for maintaining theHR structure and policy making. These policies are as follows: human right laws, equality act,
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