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The Human Resource Management Practices | Report

   

Added on  2020-03-23

12 Pages2813 Words44 Views
Running head: HUMAN RESOURCE MANAGEMENTHUMAN RESOURCE MANAGEMENT
The Human Resource Management Practices | Report_1
HUMAN RESOURCE MANAGEMENT2Executive summary The main aim of this report is to identify the human resource management practices within the organization. This report evaluated that Labor supply/demand, demographic issue, and the organizational image is a key issue which is faced by Woolworths while recruiting the workforcefor the organization. Along with this, it is found out that employer branding is a key strategy to overcome the issue regarding the recruitment process. There are different types of advertisement can also be used by the company to overcome the recruitment issue like social media, local newspaper, company’s websites and magazines.
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HUMAN RESOURCE MANAGEMENT3Table of ContentsExecutive summary.........................................................................................................................2Introduction......................................................................................................................................4Key challenges for recruiting the workforce for Woolworth’s organization..................................4Labor supply/demand...................................................................................................................4Organizational image...................................................................................................................5Demographic issues.....................................................................................................................5Political-social- Legal Environment............................................................................................6Unemployment Rate....................................................................................................................6Labor Market................................................................................................................................7Recommend strategies to address these challenges.........................................................................7Employer branding.......................................................................................................................7Types of advertising.....................................................................................................................8Conclusion and recommendation..................................................................................................10References......................................................................................................................................11
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HUMAN RESOURCE MANAGEMENT4Introduction In the current business scenario, recruitment is the key challenging factor that is faced by companies in the Australia. Further, supervisors, managers, and human resources managers within an organization always look towards resolving the challenges of recruitment of their workforces. In Addition, high vacancy rate, turnover, and poor staff training are expensive for the organization, as well as this condition may generate detrimental outcome within the organization. Therefore, it is essential for organization to assess and execute the effective strategies to overcome these workforce recruitment challenges (Lai, et. al., 2016). This report presents the certain challenges for recruiting the workforce within Woolworth’s organization. It also recommends different strategies to address these challenges. Key challenges for recruiting the workforce for Woolworth’s organizationLabor supply/demand Labor supply and demand is the key issue for recruiting the workforce within Woolworths, Australia. The availability of labor in both outside and inside the corporation is an essential factor in the recruitment procedure. It is analyzed that Woolworths has a demand for more qualified person but there is an inadequate supply in the market with respect to a qualified workforce. Therefore, the company has to depend on the internal resources by facilitating them development initiatives and special training (Curtis, and Reid, 2013). Moreover, supply and demand of specific skills are required by Woolworths in the labor market. In the Australian labor market, demand for skills is high relative to the supply as extraordinary recruiting efforts may be required. For example, the demand for financial analyst and marketing manager is likely to be higher as compared to their supply. Along with this, supply and demand
The Human Resource Management Practices | Report_4

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