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Human Resource Management Theories and Concept

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Added on  2020-12-24

Human Resource Management Theories and Concept

   Added on 2020-12-24

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Human Resource Management
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Table of ContentsINTRODUCTION...........................................................................................................................3Main Body.......................................................................................................................................3Impacts of environmental factor on HR planning, job design and HR theories and concepts....3Theories of Human resource management..................................................................................6RECOMMENDATIONS- ...............................................................................................................7
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INTRODUCTIONHuman Resource management is an effective management and strategic approach oforganizational employees in order to help business gain a competitive advantage. It is mainlyconcerned with focussing on systems, policies and management of people. Crown Resorts Ltd. Isone of the Australian's largest entertainment groups. It is having complimentary investments andstrong portfolio future projects. It has to face many external and internal challenges like propertydamage, digital disruption, cyber incidents, changes in legislation, political, economic, legal andenvironmental factors. HR departments of Crown resorts Ltd (Albrecht & et.al 2015). Areresponsible for dealing with internal and external factors and ensures organisation to achievesuccess through people. Its professional manages human capital and aims at implementingprocesses and policies. There are some limitations of like it lacks universally approved academicbase, HRM needs implementation of programmes such as career planning, counselling andsometimes it lacks support of top management (Kramar, 2014). Thus, in this report there woulddescription of HR theories, concepts and impact of environmental factors on job design andplanning.Main BodyImpacts of environmental factor on HR planning, job design and HR theories and concepts.There are various external factors that affect HR planning, job designing and quality ofwork in Crown Resorts Ltd. These include political, economic, legal, social, environmental andlegal factors.Political factorsAustralia is liberal-capitalist democratic country. Government imposes various taxes thataim to protect the national economy or environmental laws for natural heritage of the country.There are government interventions in international business which has to be handled by HRdepartment. These include tariffs, Import quotas & VER ( Voluntary export restraints). Crownresort Ltd can find itself suitable in Australia due to free-trade zone, some of the favourableadministrative policies, favourable tax system, world class communications and tax system.Political system of Australia is stable which has positive advantage on Crown Resorts Ltd(Archer & et.al. 2016). It hosts a developing economy with skilled, well-educated and multi-lingual workforce and a competitive cost base.
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