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Impact of Regional and Cultural Factors on HRM Practices at Walmart

   

Added on  2022-12-30

11 Pages3847 Words53 Views
Leadership Management
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HUMAN RESOURCE
MANAGEMENT
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Impact of Regional and Cultural Factors on HRM Practices at Walmart_1

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
A) The Value was created by firm through using HR strategies.................................................3
B) Impact of regional and culture on practice of HRM...............................................................4
C) Organisation model of employment and the way organisational lever used by firm to create
value.............................................................................................................................................5
D) Storey’s 27 Points of difference between HRM and personnel management as Benchmark,
the way it is practised by firm in Asian Countries.......................................................................6
E). Importance and significance of the local culture and HRM practice needs...........................7
F). Difference in terms of employment laws at time when international HRM changes the local
business........................................................................................................................................8
G). Recommendation to employers relating to HRM practices in order to increase
organizational performance.........................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
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Impact of Regional and Cultural Factors on HRM Practices at Walmart_2

INTRODUCTION
Human resource management plays an important role in the organisation by hiring,
selecting, recruiting and retaining talented employees within firm for longer time frame that
helps in delivering qualitative services to customers. Hr is also responsible for organising
training and development program, providing safe and secure environment and improving
performance of employees so that company is able to provide maximum value to customers at
minimum price possible. HR manager through promoting values and respecting recognising each
employee for their great efforts is able to make them happy and satisfied thus motivate them to
give their best for growth of organisation.. This report is about Walmart which had its operation
in American in retail industry that established its business operation on 2 July, 1962. Company
have more than 2.2 million employees that are working hardly for great success and growth of
enterprise in international market.
The report has covered point related to the value was created by firm through using HR
strategies, impact of regional and national culture on practices of HRM, organisational lever used
to create value and many more points. There is difference between personal and HRM
management which could be understand through making use of Storey’ 27 points Furthermore it
contained information difference between personnel management and HRM as benchmark and
which one is practiced used by HR in Asian country. It has also included information related to
importance of local culture while selecting and firing individuals from organisation. At last, it
has contained key suggestion that could be used by Human resources management in order to
enhance overall performance and productivity of organisation. Therefore, the aim of report is to
understand relevant facts related to HR management and the way its practices are affected by
external factors such as local culture, system and laws.
A) The Value was created by firm through using HR strategies
Walmart is able to create high value in minds of employees by making use of different
HR strategies so that company can retained its competitive advantages in local and international
market. The way different strategy of Human resource manager of Walmart has contributed in
creating value in the firm which can be effectively understood through use of concept of SHRM
such as:
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Impact of Regional and Cultural Factors on HRM Practices at Walmart_3

Competitive advantages: Walmart has created its strong value in international market by
making use of low cost leadership strategy that has influence large number of individuals to be
part of organisation for satisfaction of their respective wants. Most of the customers prefer
company that offer qualitative products or services at lower price possible therefore Walmart by
making use of that has gained competitive advantages (Elrehail and et.al., 2019). Thus, HR
strategy to manage performance and motivate employees thereby to make optimum utilisation of
their capabilities has contributed in benefits of organisation.
Strategic fit: This is concept which clearly explained that company needs to have sufficient
resources and capabilities that can helps in making best use of available opportunities present in
external environment. Walmart HR manager through hiring, retaining highly skilled, talented and
qualified employees that are ready to accept external changes or learn new things or the way task
can be performed has helped in growth of firm (Delery and Gupta, 2016). Learning environment
within Walmart created by HR has inspired individuals to work together to cope up with threat or
make optimum utilisation of opportunities so that company can earned maximum profitability.
Strategic flexibility: There are several strategies of HR of Walmart that have helped in strategic
flexibility thus resulting in increasing overall profitability and market share of firm. HR manager
effective identified changes in external environment thus through making use of different
motivation theories able to inspired individuals to give their best or adapt changes so that
company can retained its market share in retail industry. Systematic procedure, friendly
environment has contributed in employees to easily accept changes that resulted expansion of
business in Asian countries. Therefore, it can be stated that HR strategy has helped in creating
value of organisation in minds of people.
B) Impact of regional and culture on practice of HRM
Human resource management is about to manage and control the human resources
associated with the organisation. Walmart Company is a multinational company that is
diversified at a global level. The cultural and regional impact always influence the human
resource management related practices of company. On the basis of the regions human resource
team identify different needs of the human resources and then only they make policy related to
offering productive outcomes against the job positions offer by the department (Figueiredo and
et.al., 2016). Walmart Company is looking to expand in the Asia region. The culture in Asia is
more traditional and values the rituals and the religious values. This directly influence over the
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Impact of Regional and Cultural Factors on HRM Practices at Walmart_4

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