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HRM Managing Human Resources

   

Added on  2020-03-28

11 Pages2488 Words68 Views
HRMMANAGING HUMAN RESOURCES0 | Page

HRMExecutive Summary Employees and resources are considered to be the root of an organization. Maintaining andnurturing the roots of an organization is very much essential when it comes to a sustainable planof the organization. In this particular report, the point of focus will remain on the challenges andstrategies of human resource management (HRM) while recruiting a support as well as engagingthe resource in the best possible way with his or her respective work atmosphere andorganization's culture. Along with that this report will also concentrate on the issues like labordemand/ supply, image or structure of an organization, aging workforce, diversity, generationsand many more demographic problems and last but not the least recruitment strategies.1 | Page

HRMContentsIntroduction.................................................................................................................................................3Research and analysis..................................................................................................................................31. Labour supply and demand..................................................................................................................32. Organizational image...........................................................................................................................33. Demographic issues.............................................................................................................................4Ageing workforce........................................................................................................................4Diversity......................................................................................................................................4Generations..................................................................................................................................54. Recruitment strategies.........................................................................................................................5Reactive strategy..........................................................................................................................6Proactive strategy -......................................................................................................................6Recommendations.......................................................................................................................................6Conclusion...................................................................................................................................................7References...................................................................................................................................................82 | Page

HRMIntroductionHuman resource management plays a vital role in the total organizational development. Thisdeals with all the strategically issues along with compensation, safety, wellness, benefits,employee motivation, performance management and many other essential aspects without whichan organization cannot have the strength to sustain in the long run. Above all recruitment is themost important and foremost issue which is dealt by the Human resource management team ofan organization. Research and analysis One of the most leading telecommunications company in Australia is Telstra. The humanresource management team of this concerned company addressed to some vital issues whileselecting the appropriate employee for a particular working process (Allen et al., 2015).Theissues are elaborated below with the appropriate strategies to overcome the same1. Labour supply and demandEvery employee has his or her capacity to provide labor that is required by the organization’sobjective. As well as different groups have its various application according to which theorganization wants its employees to work. Most of the time it becomes difficult to manage boththese two aspects - labor supply and labor demand simultaneously. According to theories highersalary leads to lesser quantity of energy that is required by the employer and on the other handlower wages or salary leads to an increased volume of work (Aswathappa, 2013). Telstra as a telecom company has both the demand for labor and supply on the higher side. TheHRM team can use the strategic human resource planning (HRP) to forecast the future as well ascurrent staffing needs with the help of various techniques (Aust et al., 2017). Supply of labor thatis required to achieve the goal of the organization can be fulfilled through the outside sources orthe sources that are already within the organizations (Werner et al., 2016). The managers or thehuman resource team has to identify that how to enhance the skills or productivity of the sourceas that is already within the organization as it is less expensive that to hire fresher and to trainthem according to the labor demand of the body. 3 | Page

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