HUMAN RESOURCE MANAGEMENT Managing people and Organisational

HUMAN RESOURCE MANAGEMENT
Managing people and Organisational Behaviour

HRM 1
Executive Summary
The increased competition and globalisation has led the management of the entities of today
the responsibility to formulate and establish efficient strategic objectives in light of the business
environment of the enterprise. One of such chief business strategic objectives is the human resource
planning and implementation. The experts have clearly defined a direct relationship between the
efficiency of the human resources of an entity and success and growth of the company.
The human resource planning itself is a comprehensive subject and requires dedicated efforts,
time, financial and other resources. The case study of Westpac has been taken into consideration to
shed light on the various aspects of the human resource planning and the impacts of the same on the
entity. Westpac New Zealand was established in the year 1861 and is engaged in the provision of
business, consumer and institutional banking services, insurance services, wealth administration and
wealth management services to the varied range of customers across New Zealand and Australia. The
data has been collected from primary source that is the case study of Westpac and the secondary
sources in the form of books and journals that enable to gain an understanding of the HR planning in
detail.
The purpose of the report is to evaluate the effectiveness of the HR planning process at
Westpac and examine the relationship with that of SO planning. On evaluation, it has been found that
there are a number of key drivers and challenges in the HR planning and process. In addition a strong
HR planning and process aid the entities to yield the maximum results of the human resources assets
of the enterprise, leading to long term growth and success.
STUDENT’S NAME AND ID ______

HRM 2
Table of Contents
1. Introduction........................................................................................................................3
2. Findings and Analysis........................................................................................................3
2.1 The relationship between Strategic Organisational Planning and Human Resource
Planning..................................................................................................................................3
(a) Evaluation of relationship of Strategic Organisational Planning and Human
Resource Planning practices used by Westpac..................................................................3
(b) Potential challenges for HR professionals of the Westpac in the in alignment of
the Strategic Organisational Planning and Human Resource Planning.............................4
2.2 Human Resource Planning process and methods.............................................................5
(a) Analysis of the effectiveness of the Human Resource Planning practices used by
Westpac..............................................................................................................................5
(b) Analysis of the potential challenges faced by the HR professionals during the
planning of the manpower requirement by Westpac..........................................................5
2.3 Developing High Performing and Global Mind set Employees and Managers...............6
(a) Suggestion on application of a relevant model in order to develop a high performing
work team for multi-cultural workplace............................................................................6
(b) Suggestion on how Westpac can apply a global mind set model in developing a
global mind set workforce..................................................................................................6
3. Conclusions............................................................................................................................7
References..................................................................................................................................8
STUDENT’S NAME AND ID ______