This paper analyzes the human resource policies of Walmart, including resourcing, human resource development, reward management, employee relations, and HRD's role in knowledge management.
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Running head: HUMAN RESOURCE MANAGEMENT Human Resource Management Name of the Student Name of the University Author Note
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1HUMAN RESOURCE MANAGEMENT Table of Contents Introduction:...............................................................................................................................2 Analysis of the Human Resource Policies of Walmart:.............................................................3 Resourcing:............................................................................................................................3 Human Resource Development:............................................................................................5 Reward Management:............................................................................................................7 Employee Relations:..............................................................................................................8 HRD’s role in Knowledge Management:...................................................................................0 Recommendations:.....................................................................................................................0 Conclusion:................................................................................................................................0 References:.................................................................................................................................2
2HUMAN RESOURCE MANAGEMENT Introduction: The modern business world is seen to face the necessity of effective human resource management in a significant manner. With the increasing entry of the new organizations in the retail industry, majority of the companies are facing the need of managing their human resource operations in an effective manner. The increasing entry of the new organizations are enhancing the intensity of the competition in the industry and that is forcing the organizations in the appropriate and efficient usage of their resources. Other than this, several companies operating in the global retail industry, are seen to face considerable amount of challenges in managing the human resources which is pretty evident in the aspect of the rewards and the performance evaluations (Armstrong 2006). The paper is focused in the elaboration of one such multinational retail organization named as Walmart. The company is one of the market giant of the global retail industry. The company was established in the year 1962 by Sam Walton (Walmart.com. 2019). The company is currently headquartered in Bentonville, Arkansas.Thecompanyisseentohaveastrongpresenceacrosstheglobewith approximately 11766 number of stores (Walmart.com. 2019). The company is seen to have 2.2millionemployeesacrosstheglobeintheyear2018(Walmart.com.2019).The managerial team of the company includes Greg Penner, the chairman of the company and Doug McMillon, the president and the chief executive officer of the company (Walmart.com. 2019). The excellence of the management team of the company is able to place the company in a perfect position for the achievement of 514.4 billion US dollars in the year 2019 as revenuealongwith21.96billionUSdollarsinthesameyearasoperatingincome (Walmart.com. 2019). The paper is focused in analysing the effect of the strategic link between the human resourcemanagementfunctionsandthebusinessobjectives.Thepaperevaluatesthe
3HUMAN RESOURCE MANAGEMENT resourcing functions of the mentioned company in motivating and retaining the talents inside the organization. Along with that, the paper also focuses on the assessment of the human resource developmental policies of the company. Other than this, the paper discusses regarding the reward management tactics of the company along with the impact of the policies related to the employment relations. Apart from this, the paper includes an efficient balance scorecard for the effective management of the human resource measures of the company.Onthebasisofthefindings,thepaperprovidesasetofimportant recommendations which has the potential to improve the human resource operations of the company. Analysis of the Human Resource Policies of Walmart: Resourcing: The company is seen to be bit inefficient in attracting the employees and one of the main reason that increases the company’s incapability in attracting the suitable and skilled employees is considered to be the inappropriate pay structure of the company. The company was incapable to follow the industry standards over the years and that was evident with the nationwide strike that took place in America. Majority of the female employees of the region participated in the strike owing to their grievance regarding less than 25000 US dollars annual payments (Youtube.com 2019). Many of the employees communicated regarding the inappropriate organizational culture which affected their performances in a negative manner. Apart from this, the work time characteristics of the company was observed to pose considerable amount of challenges for the employees of the company in operating in the organization.Majorityoftheemployeesofthecompanywereobservedtocomment regarding the inappropriate operational schedule of the company which affected the much required balance in their life. With a precise focus on the impact of the excessive work
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4HUMAN RESOURCE MANAGEMENT pressure of the company on the employees, the formation of the stress and the work life imbalance was pretty visible for the employees of the company. The company is currently able to formulae a rewarding plan for the employees with precise identification of the health and personal needs of the employees. From the company website, it is understandable that the company offers significant amount of opportunities to the employees. Thecompany is determinedfor providing the sufficientscope to the employees of the organization for increasing their knowledge and the skills. Other than this, the company portrays themselves as capable of providing the growth opportunity for the employees who are talented and have the urge of working dedicatedly (Bratton and Gold 2012). In the modern world of business, the capability of the companies in meeting the diverse training and the developmental needs of the employees is considered to be one of the important factors that influence the success of them in motivating the employees. Several companies that are failed to meet the training needs of the employees are seen to face the detrimental impact of the job stress and frustration of the employees (Cohen 2017). The impact of the job dissatisfaction of the employees affects the performances of the employees in both the aspect of quality and quantity which reduces the overall performances of the company (Williams 2017). Hence it becomes crucial for the managers to make sure that they contribute in the effective management of the training and developmental needs of theemployeesforincreasingthesustainabilityofthebusinessoperationsofthe organizations. Under such situation, the company is able to formulate a diversified training program for the employees of the organization. With a precise focus on the Herzberg’s two factor theory, the effective management of the training and developmental needs of the employees play a significant role in the form of the “motivator” for the employees. Hence it is evident that the formation of the training and the developmental activities from the part of the company has the capability to motivate the employees of the organization. Though a
5HUMAN RESOURCE MANAGEMENT section of the employees in the American region has claimed regarding the declining organizational culture, several business researchers are able to comment on the improvement of the organizational culture of the company and along with that, termed it to be one of the important factors with the potential of reducing the rate of the employee turnover in the organization (Shrm.org 2019). Hence, from the discussion, the inefficiency of the pay structure is seen to be the major gap in the company’s policy. Human Resource Development: With a precise focus on the increasing level of competition in the global retail industry, it becomes significantly important for the managers of the organizations operating in the industry that they prepare the employees of their companies in such a manner that contributestotheircapabilityofgainingthecompetitiveadvantageinthemarket. Considering the intensity of the business competition, the urge of the managers in improving the quality of the services of the employees underline the necessity of customer retention and under such situation, the human resource developmental policies of the company play a significant role in the achievement of a competitive edge over the competitor organizations of the company. The company is able to set up the Walmart Academies where they provide skill developmenttrainingprogramstiedupwiththeworkingsupercentres (Corporate.walmart.com. 2019). With the help of the Walmart Academies, the company is able to provide class room and sales floor training for the employees which increases the retail skills of the employees. Other than this, the formation of the Walmart Academies is significant for the company in providing the training for the generation of the soft skills such as the leadership, change management and communications amongst the employees of the company. In the year 2018, the company is able to serve the developmental needs of 450000 number of employees which includes the assistant managers of the company, the frontline
6HUMAN RESOURCE MANAGEMENT supervisorsofthecompanyalongwiththedepartmentalmanagersofthecompany (Corporate.walmart.com. 2019). Other than this, the company is able to provide significant amount of opportunity to the employees in meeting their educational requirements and that is pretty evident with their partnership with Guild Education (Guildeducation.com. 2019). With the help of Guild Education, the company is formulate Live Better U program which provides the much required opportunity to the employees of the company in achieving the debt free and high quality degrees in various business trades such as supply chain management or technology against a compensation of 1 US dollar per day (One.walmart.com. 2019). The company bears all the other remaining costs and the required fees for providing the much required education to the employees of the company. Hence, it is evident that the company is able to provide the much required infrastructure and the financial support to the employees of the company in meeting their developmental needs, however, the activities of the company in motivating the employees for the usage of the learned skills have faced significant amount of criticisms. Though the company provides optimum quality infrastructure for the employees of the company, the lack of urge in developing a rewarding plan for the employees which will ensure that the employees are motivated for using their intensive skills gathered from the training sessions, in the real time business operations, can be considered as one of the main concern for the company. With the formation of such a plan, the company will be able to motivate the employees for the usage of their skills in a proactive manner and that will certainly increase the overall performances of the company. The company’s human resource developmental policies have the capability to manage the training needs of the employees in an efficient manner, however, the main concern for the company is the usage of the gained skills in the real time business activities.
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7HUMAN RESOURCE MANAGEMENT Considering theKirkpatrick’s model, it is evident that the company has the capability to provide personalized training sessions for their employees under the supervision of the experienced training supervisors and the managers which not only increases the skills of the employees but also creates a positive impression amongst the employees for reacting favourably towards the developmental activities (Abdulghaniet al.2014). Along with that, the training sessions have the capability to improve the job oriented and the management skills of the employees which becomes significantly helpful for the employees in managing their business operations inside the organization. With such significant number of employees participating in the training sessions of the company, it is visible that the acceptance level of the employees towards the developmental activities of the company is significantly high (AlYahya and Norsiah 2013). The company is observed to face considerable amount of difficulty in the behaviour stage of the model. The application of the gained skills from the developmental activities conducted by the company is seen to be the main concern for the senior management of the company (Moldovan 2016). Majority of the employees of the company are seen to be indifferent or afraid of applying their learnt lessons of the training sessions in their real time business activities as that has the possibility of increasing the number of faults in their business operations and scope of receiving reputational damage. Hence, the company is able to partially meet their objectives that they set as benefits for conducting the training and developmental activities. Considering the 5thlevel of Jack Phillips’ training evaluation model, it is understandable that the company has a tendency of investing in the training and developmental activities in a significant manner, however, the lack of full -fledged application of the gained knowledge and skills become the main obstacle for the company in gaining a high return on their investment (Sachdeva 2014).
8HUMAN RESOURCE MANAGEMENT Reward Management: The company is seen to be significantly efficient in the developing a rewarding plan that effectively contributes to the god health of the employees. The company offers 28 US dollars starting medical plans on the basis of per pay period to their employees along with the vision and dental care plans (Corporate.walmart.com). Along with that, the company is able to establish a significantly efficient centre of excellent program which covers various select procedures for spine and heart, replacement surgeries for knee and hips, organ and tissue transplants along with the breast, lung and colorectal cancers (Corporate.walmart.com. 2019). All the above mentioned medical supports are provided to the employees of the company at no cost from the employees. Along with that, the company provides the much required chance to the employees for achieving the free access to the services of the nurse care mangers along with the health care advisors. Other than this, the employees of the company have the scope of achieving the service of Resources for Living which is a free confidential counselling and health information services. Other than this, the company is seen to provide the chance to their employees for purchasing the company’s stock in the Associate Stock Purchase Plan. In addition to this, the company is able to provide the much required scope to their employees for purchasing the fruits or vegetables at 10% discounts from the Walmart stores with the help of the Associate Discount cards (Corporate.walmart.com. 2019). However, the main concern for the management of the company in the aspect of the rewards and recognitions is the incapability of the managers of the company in formulating an attractive plan for the monetary incentives that should be provided to the employees as recognition of their improved performances. With a precise focus on the increasing demands of the products of the company, the company needs to make sure that they manage the gap in the formation of the quality, quantity and overtime financial incentives.
9HUMAN RESOURCE MANAGEMENT Employee Relations: With a precise focus on the increasing incidents of strikes in the American region, it is evident that the unionization of the American workforce has provided notable amount of concerns for the management of the company. Along with that, the strength of the employee unions operating in the region is pretty visible with the formation of the unified strong protest from the part of the American workforce regarding the inappropriate pay structure of the company (Youtube.com 2019). Several employees of the organization in the American region are seen to comment regarding their job insecurity and the vulnerability associated with their future in the company as a consequences of the protests inside the workforces (Youtube.com 2019). Hence, the major gap for the company in maintaining the good relations with their employees is seen to be the lack of protection for the employees of the company regarding the internal and external protests along with the whistle blowing protection. The operational integrity and the ethical practices is seen to be one of the major concern for the employees of the companies with various business practices conduce by the management of the company.
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Running head: HUMAN RESOURCE MANAGEMENT HRD’s role in Knowledge Management: Strategic Objectives ActivitiesMeasuresTimeframe FinancialTo formulate an effective rewarding plan for the employees of the company that will be able to recognise the efforts of the employees (Cipd.asia 2019). Toimplementarewardingplanthatincludesqualitybased incentives, production based incentives along with improved over time based incentives. The application of a survey for the evaluation of the satisfaction of the employees with the application of the rewarding policy. The activity is expected to be completed within 20 weeks. Learningand Growth The precise monitoring from the part of the management of the company regarding the application of the acquired skills from the training sessions by the employees (Imdiversity.com. 2019). The achievement of the capability of providing an appropriate form of leadership which motivates the employees for using their skills I the real time business operations. The formation of a suitable rewarding plan for motivating the employeesinapplyingtheirintensiveskillsintherealtime business operations. Theinternalevaluationtobe undertaken by the managers of the companyforevaluatingthe performances and the application of the gained skills of the employees. The activity is expected to be completed within 10 weeks. Internal processToformulateappropriateemployeeprotectionpoliciesfor promotinganeffectiveemploymentrelationshipwiththe employees of the company. To prepare effective whistle blower protection process for the employees of the company for promoting the ethical practices inside the workforces. Theabilitytoformulateastrong whistle blower protection policy for allthe employeesof thecompany alongwiththeeffectiveemployee protection policies. The activity is expected to be completed within 15 weeks.
Running head: HUMAN RESOURCE MANAGEMENT Recommendations: With a precise focus on the current condition of the company along with the increasing incidents of labour strikes, an important set of recommendations is provided below for the improvement of the business operations of the company. The company needs to create an attractive rewarding policy which includes monetary incentivesintheaspectssuchasquality,quantityalongwithovertime.The formulation of the plan for the monetary incentives will be based on the identification of the physiological needs of the employees in accordance to the Maslow’s hierarchy. The company needs to create a rewarding plan for motivating the employees in using their gained skills in the real time business operations. Along with that, the company needs to make sure that they provide appropriate leadership for the employees of the company in using their acquired skills. Apart from this, the company needs to make sure that they create appropriate whistle blower protectionpoliciesfor minimizingtheconcernsof thewhistleblowers regarding their safety and security of the employees of the company. This will be crucial for the company in promoting the ethics inside the organization. Apart from this,thecompanyneedstocreateeffectiveemployeeprotectionpoliciesfor improving the employment relationship in the company. Conclusion: On a concluding note, it is evident that the company is facing a series of challenges in the effective management of the human resource inside the organization. However the company is able to establish a rewarding policy that is dedicated in improving the health of the employees. Along with that, the rewarding policy of the company is seen to be significant
1HUMAN RESOURCE MANAGEMENT in helping the employees in their education. However, there is very limited amount of offerings from the part of the company for the employees of the company in terms of monetary incentives. In addition to this, the company is observed to be limited in formulating an appropriate pay structure for the employees of the company which is evident with the increasing strikes in America. Hence the company is in need to create an attracting pay structures along with the rewarding plan that helps the employees with the achievement of increased wealth.
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2HUMAN RESOURCE MANAGEMENT References: Abdulghani, H.M., Shaik, S.A., Khamis, N., Al-Drees, A.A., Irshad, M., Khalil, M.S., Alhaqwi, A.I. and Isnani, A., 2014. Research methodology workshops evaluation using the Kirkpatrick’s model: translating theory into practice.Medical teacher,36(sup1), pp.S24-S29. AlYahya,M.S. andNorsiah,B.M., 2013. Evaluationof effectivenessof trainingand development: The Kirkpatrick model.Asian Journal of Business and Management Sciences, 2(11), pp.14-24. Armstrong, M., 2006.A handbook of human resource management practice. Kogan Page Publishers. Bratton,J.andGold,J.,2012.HumanResourceManagement:TheoryandPractice. Macmillan International Higher Education. Cipd.asia 2019.CIPD Asia the Professional Body forHuman Resources and People Development. [online] Available at: https://www.cipd.asia/ Cohen, E., 2017. Employee training and development. InCSR for HR(pp. 153-162). Routledge. Corporate.walmart.com.2019.WorkingatWalmart.[online]Availableat: https://corporate.walmart.com/our-story/working-at-walmart Corporate.walmart.com.2019.WorkingatWalmart.[online]Availableat: https://corporate.walmart.com/our-story/working-at-walmart#0000014f-d73e-d36d-adcf- df3f62c80000
3HUMAN RESOURCE MANAGEMENT Corporate.walmart.com.2019.WorkingatWalmart.[online]Availableat: https://corporate.walmart.com/our-story/working-at-walmart#0000014f-d6ee-ddf0-a36f- d6ef29970000 Guildeducation.com. 2019.Guild Education | Education as a Benefit. [online] Available at: https://www.guildeducation.com/ Imdiversity.com.2019.IMDiversity–Careers,Opportunities,andDiversityConnect. [online] Available at: https://imdiversity.com/ Moldovan, L., 2016. Training outcome evaluation model.Procedia Technology,22, pp.1184- 1190. One.walmart.com. 2019.Unlock the future: Introducing Live Better U. [online] Available at: https://one.walmart.com/content/uswire/en_us/company/news/top-stories/unlock-the-future-- introducing-live-better-u.html Sachdeva,S., 2014. Effectivenessevaluationof behaviouraltrainingand development programmes.TheSIJTransactionsonIndustrial,Financial&BusinessManagement (IFBM),2(4), pp.218-226. Shrm.org2019.SHRM–TheVoiceofAllThingsWork.[online]Availableat: https://www.shrm.org/ Walmart.com.2019.Walmart.com|SaveMoney.LiveBetter..[online]Availableat: https://www.walmart.com/ Williams, S., 2017.Introducing Employment Relations. Oxford University Press. Youtube.com 2019.Workers Strike in 20 Cities As Study Finds Walmart Can Pay More. [online] Available at: https://www.youtube.com/watch?v=FZ7wRpNpvdE