logo

Human Resource Management of Samsung - Report

   

Added on  2020-05-28

20 Pages4685 Words205 Views
Running head: HUMAN RESOURCE MANAGEMENT Human Resource ManagementName of the StudentName of the UniversityAuthor Note

1HUMAN RESOURCE MANAGEMENT Executive Summary In the contemporary business scenario, with increased competition and the industriesbecoming globally integrated, it becomes essential for any business to perform consistently andefficiently to survive the increasing competition and stay ahead of its competitors. For this, thecompanies need motivated and dedicated employees and they also need to keep on managingtheir employees such that they are efficiently retained and are not absorbed by the rivalcompanies. The human resource department present in the companies articulate several ways forefficient employee motivation, retention and enhancement of their performances. One of themost widely used and effective strategies is to reward the efforts of the employees. Keeping thisinto consideration and taking reference to such a strategy of giving performance bonus to themobile division by the Tech giant Samsung, the report tries to analyze the implications,significance and drawbacks of the same.

2HUMAN RESOURCE MANAGEMENT Table of ContentsIntroduction......................................................................................................................................3Article summary (News Story)........................................................................................................4Rewarding the employees: Human Resource Implications.............................................................5Employee Motivation (Theme 1).................................................................................................6Employee Retaining (Theme 2)...................................................................................................9Employee Performance Management (Theme 3)......................................................................10Managing Diversity (Theme 4).................................................................................................11Recommendation and Conclusion.................................................................................................11References......................................................................................................................................12

3HUMAN RESOURCE MANAGEMENT Introduction Over the last few decades, the global commercial framework has undergone considerablemodifications, much of which can be attributed to global phenomena like Globalization andLiberalization, which have significantly contributed in making the global business environmentmore integrated, inclusive as well as competitive (Gupta & Shaw, 2014). With more supply sideplayers entering in almost all the production sectors, the competition to capture bigger marketshare and earn more profitability has increased. This in turn has resulted in changes in theoperational framework of the business across the world and the mode of utilization of theresources present with the organizations, which also includes the human resources (Voegtlin,Patzer & Scherer, 2012). Keeping this into consideration it becomes apparent that the demand for workers, as thedemand for other factors of production has been increasing, which in turn increases the numberof options of employment available to the eligible work forces considerably. This has been evenfacilitated by the easy and convenient mobilizations of workers across different geographicalboundaries (Jiang et al., 2012). The increased scopes of employability of global labor forces,especially skilled ones, in turn makes it one of the crucial challenges for the businesses to retaintheir existing employees and to keep on encouraging and motivating them to work moreefficiently for the same business (Alfes et al., 2013). The concerned report takes this aspect of employee management and retaining inconsideration. For the purpose of in depth exploration, it refers to the case of the contemporarystrategy taken by the mobile division of one of the tech giants-Samsung. Samsung has rewardedtheir employees with high bonuses in spite of their comparatively unimpressive performance in

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Human Resource Management Perspectives
|17
|3643
|67

Human Resource Management Report - doc
|14
|2969
|138

Report on Managing Human Resources Samsung
|16
|3535
|137

Function and Objectives of HR in Contemporary Organizations
|18
|4725
|101

Talent Management system in Samsung company : Assignment
|1
|1279
|419

Human Resource Management of Samsung: Report
|13
|2880
|316