Human Capital Management Doc
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Added on 2020-11-23
Human Capital Management Doc
Added on 2020-11-23
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MANAGING HUMAN CAPITAL
EXECUTIVE SUMMARYIn the summarised report, methods are highlighted to retain group of managers, as it isimportant to retain them in organization for better functioning of it. Retention of employees isalso equally significant, as it becomes harder to train workers again and again as it is wastage oftime for firm, which has diverse impacts on company's growth prospectus have been alsoexplained briefly. Types of acclimatisation programme and training are also summarised to help expatriateemployees adapt new changes. Further, methods of retaining group of managers are alsomentioned which are: training, mentoring, install a positive culture, use of communication tobuild credibility, encourage referrals and recruit from within, provide growth opportunities,foster trust and confidence in senior leaders, etc.
TABLE OF CONTENTSEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. number of middle to senior managers that would be recruited by company and itsjustification.............................................................................................................................12. Assessment of the need to hire senior and/ or junior managers.........................................23. Evaluation of the need of employees to have institutional qualification v/s relevant workexperience...............................................................................................................................14. Competitive Compensation and benefit packages for employees......................................35. Types of Acclimatisation programme and training............................................................56. Methods of retaining groups of managers..........................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONHuman Capital Management is a set of practices to recruit, develop and optimize humanresources of an organization. Whereas, Human Capital is the stock of knowledge, habits, socialand personality attributes which also includes creativity. The present report is a brief analysis and research of a local conglomerate company ofThailand i.e. The Central Group of Companies. This company deals in real estate, retailing,merchandising, hospitality and restaurants in different parts of world and this study put emphasison its human capital requirement which is expanding its business in Indo-China. This project iscompleted as Vice President of Human Resource who is responsible to recruit and retain a groupof middle to senior managers over the next three years.This project includes considerations of the number of middle to senior managers that areto be recruited by company to fulfil requirements of managers with their justifications, and thereis a need to hire senior or junior manager and concluded that an optimal mix. Further, evaluationof the needs of employees with relevant work experience and institutional qualifications.Packages of attractive and beneficial compensation for employees are also mentioned in thisreport. Further, training programmes that could be provided to assist expatriate employees inadapting new culture and environment are also given emphasis so that each and every employeecould work effectively and efficiently. MAIN BODY1. number of middle to senior managers that would be recruited by company and its justificationTo expand their business in Indo-China, this company would be hiring four middlemanagers and three senior managers (Paché and Ika, 2016). Sr. Managers are the ones whodetermine broad strategic movement for organizations in general to focus on big picture whereas,middle managers are at an intermediate management level which are accountable from top tobottom as well as are responsible for leading lower level managers. The following functions of senior and middle level of managers, that would be performedby them to attain success in diversification of company are as follows: 1
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