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Influence of Precariousness on Decision Making in Human Resource Management

   

Added on  2023-03-20

8 Pages2118 Words74 Views
Running head: HUMAN RESOURCE MANAGMENT
HUMAN RESOURCE MANAGMENT
Name of the Student
Name of the University
Author Note
Influence of Precariousness on Decision Making in Human Resource Management_1
1HUMAN RESOURCE MANAGMENT
Introduction
The strategic approach/tactic for facilitating an effective and efficient management of
‘human’ element of business for the purpose of accomplishing competitive advantage is
known as Human Resource Management. The approach is constructed for maximizing the
performance of the employees for the purpose of accomplishing strategic goals and
objective. The department of Human Resource is responsible for forming decisions
regarding employee-benefits structure, training and development, reward management and
performance appraisal. The precariousness in the workplace is considered as the non-
standard employment or managerial decision making process which is structured on an
unprotected base. The phenomenon of precariousness is increasing in Australia in spite of
the decreasing rate of unemployment and increasing workforce participation. The factors of
advancement and opportunities in the workplace is entangled with the sense of risk and
temporariness. The purpose of the paper is to determine the influence of precariousness on
the decision process of managing people. The paper will stress on the elements of
precarious work which is practiced for managing workers in organizations.
Body
The precariousness in the decision making was incorporated with experiencing a
fundamental shifts in the manner of employing workers. It has been observed that
unpredictability, uncertainty and the varying level of personal risks have caused a major shift
in the process of decision making. The factors of advancement and opportunities in the
workplace is entangled with the sense of risk and temporariness. The shift in the traditional
employment and decision making criteria have majorly affected the growing rate of
immigrants. The dominance of the system of precarious employment is truly challenging for
the ability of the young workers for progressing in their career (Campbell and Burgess 2018).
The term precarious employment is majorly prevalent in the unorganized sector but due to
the nature of inflexibility the organized sectors are adopting the practice of precarious
Influence of Precariousness on Decision Making in Human Resource Management_2
2HUMAN RESOURCE MANAGMENT
employment. The rate of precarious employment is rapidly increasing in Australia. The rate
of women is higher than the men in regards with the experience of precarious employment.
Australia is experiencing a noticeable decline in the quality of jobs in spite of the lower rates
in unemployment and increasing workforce participation. With the help of HILDA (Household
Income and Labour Dynamics) survey, the data of precarious employment rates has been
extracted (Lewchuk 2017). The data is extracted through the constraints of labour force
circumstances, job attributes and data from the representatives of Australian workers (Sheen
2017). The index calculated for understanding the level of precariousness, reflects the
influence of economy in the adoption of precarious employment practices for the labour
market. After the phase of financial crisis, the level of precarious employment is rising for
both men and women. In Australia, the rate of unemployment is low or relatively stable but
the concern of the workers in regards with the job safety is increasing due to the application
of precariousness in decision making. The job security or the practice of precariousness in
the process of employment and employee engagement for the workers varies from the
mangers (Stewart and Stanford 2017). The role or position of the managers are stable as
compared to machinery operators and labourers, who are experiencing precarious
employment circumstances. The effect of precariousness is reflected in the state of job
insecurity and dissatisfaction. The phase of job insecurity has increased in administrative,
labourers and clerical workers. Based on the occupational industries, the job safety or the
lowest practice of precarious employment are found in public administration, insurance
services and financial institutions. On the other hand, the industries like agriculture, mining,
arts, recreational activities and food industry reflects a higher level of precarious practices.
Various factors affects the likelihood of the workers for facing less or more precarious work,
the factors are the combination of the nature of industry and the occupational role. Industries
like construction and mining, manufacturing reflects a greater rate of economic upturns and
downturns as well as the application of global market forces. In Australia, precarious work is
increasing in the mining industry in comparison to other industries, driven by the factors of
job insecurity. The reason for job insecurity indicates the instability of the global resource
Influence of Precariousness on Decision Making in Human Resource Management_3

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