Impact of Human Resource Strategies on Organizational Productivity
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This research report investigates the impact of human resource strategies on organizational productivity with a focus on IKEA. It includes a literature review, research questions, methodology, and ways to overcome challenges faced by HR managers.
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Title:Impact of human resource strategies on organizational productivity...................................3 INTRODUCTION...........................................................................................................................3 Aim.........................................................................................................................................3 Background of the topic.........................................................................................................3 Research Questions................................................................................................................4 Literature Review.............................................................................................................................5 Methodology....................................................................................................................................9 REFERENCES................................................................................................................................9 2
Title:Impact of human resource strategies on organizational productivity INTRODUCTION Human resources mainly a set of people who make up the workforce of an organization. To manage these people human resource management or HR is a strategic approach that helps organization to strategically and efficiently manage people (Aburumman, Omar and Abadi, 2020). Employees are most important asset of an organization which help company to manage business operations and fulfill vision and objectives effectively. Present research report is conducted to investigate the impact of human resource strategy on organizational productivity for which literature review is being conducted with the help of suitable research methodology. Aim “To investigate the impact of human resource strategies on organisational productivity. A stud on IKEA.” Background of the topic Present report is conducted on the impact of human resource strategy on organizational productivity. It has been said that human resource is one of the most important aspect of an organization and is an effective strategic approach which helps company to efficiently and effectivelymanageworkersbyguidingleadingandtrainingthem.Inmodernbusiness environment human resource plays important role in which with the help of various strategies 3
performance and productivity of employees can be enhanced. It also helps human resource professionaltoretainskilledandtalentedemployeesforlongerperiodoftimewhich automatically led towards positive organization image in industry along with skilled and talented workforce. Research outlines the concept and importance of human resource management along with potential strategies which helps in enhancing organizational productivity. This research outlines the importance of human resource management and also identifies strategies through which company can increase overall productivity in effective manner. Objectives To determine the concept of human resource management and its importance for the organization. To ascertain the potential human resource strategies and their impact on organizational productivity. To investigate the challenges that IKEA HR can face in the process of implementing human resource strategies in the workplace. To identify the ways through which IKEA HR can overcome the challenges in the processofimplementinghumanresourcestrategiesintheworkplacetoincrease organizational productivity. Research Questions Whatistheconceptofhumanresourcemanagementanditsimportanceforthe organization? What are the potential human resource strategies and their impact on organizational productivity? What are the challenges that IKEA HR can face in the process of implementing human resource strategies in the workplace? What are ways through which IKEA HR can overcome the challenges in the process of implementing human resource strategies in the workplace to increase organizational productivity? 4
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Literature Review This forms out to be a vital section of every research project which comprises of analysis and survey of secondary form of data that is vital and essentially needed to set a framework and base for an investigation; With respect to current investigation a number of online articles and journals are analysed which are based on the topic ofimpact of human resource strategies on organisational productivityis provided as below: Concept of human resource management and its importance for the organization According to the viewpoint ofArmstrong and Taylor, 2020Human resource management is defined as a concept in which HR manager engaged in the process of recruiting of employees, providing training and monitoring, selecting and administering, developing employee relations, on board, manage and train employees effectively etc.Human resource management is defined a strategic approach which helps organization to efficiently and effectively manage individuals within company. This process is playing essential role in enhancing overall competitiveness of organizationbymanagingemployeesperformanceineffectivemanner.Humanresource management is crucial aspect for all organization irrespective of its size and scope as it assist company to manage its one of its most important asset i.e. employees.As per the view point of .....it has been evaluated that most of human resource professional believes that employee engagement enhances when onboarding process is better.Human resource management is important for organization as it effectively helps in bridging the gap between employees performance with the company strategic objectives. This function within company significantly contributes in overall success of organization. Human resource manager conduct various roles and responsibilities associated to recruitment learning and development, building employee relations, compensation and benefits (Collins, 2021). All these roles are playing essential element for enhancing and boosting employees productivity which automatically lead towards success of company. Human resource management is important for organization as it helps in conductingimportantfunctionslikestrategymanagement,benefitanalysis,trainingand development, interactivity with employees, conflict management, establishing a healthy culture and more. All these roles and responsibilities undertaken by human resource department within 5
organization is important for overall growth of organization which enhances productivity efficiently. Potential human resource strategies and their impact on organizational productivity According to the viewpoint ofDistelhorst and McGahan, 2021human resource is a process of employing people, training them, compensating them developing policies for their well being and managing them in effective manner to optimise organizational performance. There are various forms of potential human resource strategy which automatically enhances overall productivity organization. Understand organization’s objectives A good human resource strategy is mainly associated to organization goals. In this it is important for human resource department within the organization to have proper and efficient understanding of organizational objectives and missoon and further work closely with executing and managing then with employees short and long term goals. Evaluate whether additional tools are necessary It is essential for human resource department within organization to evaluate tools and techniques which is needed to conduct process like scheduling, training and development. employees management etc. With the help of working with information technology human results can enhance overall effectiveness of HR functions and can further speed up the process of providing support and guide to employees. For example with the help of taking advantage of communicationplatformHR departmentcan instantlymessage employeesand canshare necessary information documentations in effective manner. Competitive reward and recognition With help of emphasising upon limiting turnover human resource management can significantly enhance overall organizational productivity. In this it is essential for HR managers to determine the root cause which is affecting employees performance. In this with the help of devising comprehensive plan to address the issue and further motivate employees with the help of strategies like rewarding. With the help of this overall productivity of organization can be significantly enhanced. Advanced training and development Training and development is one of the most important forms of human resource strategy in which it is essential for HR managers to understand the fact that technology is playing 6
important role. In today’s work environment with the help of providing training to employees with the help of digital and virtual mode HR manager cannot only enhance their performance but can also conduct cost effective training. This can significantly enhances overall organizational productivity. Challenges that IKEA HR can face in the process of implementing human resource strategies in the workplace According to the viewpoint ofJonsson and Foss,2011human resource management is an important aspect for an organization which is inclusive of strategic planning which helps in enhancingoverallperformanceandproductivityofbothemployeesinorganisationson simultaneous basis. However, in this there are certain challenges that HR manager of IKEA can face in the process implementing human resource strategy in the workplace. Quality of leadership and management In this major challenge human resource manager of IKEA can faces related to strong leadership and management. It is essential for leaders and managers within organization to execute strategies while guiding and supporting employees. In this lack of strong leadership and management can affect IKEA HR manager to implement strategies in effective manner. Manage the changing business needs for talent and skills It is the another major challenge that IKEA HR manager can face in the process of implementing human resource strategy in the workplace. In this HR can face challenge related to managing the changing business needs for skilled and talented candidates. It has been identified that IKEA is a leading organization and is operating its roles and responsibilities in a fast changing business environment. In this with the help of aligning with market needs with right attitude and skilled candidate’s HR manager can face challenge to implement strategies in workplace in effective manner. Use data analytics The another challenge that our manager of IKEA can face in the process of implementing human resource strategy in the workplace is related to use of data analytics to improve HR- relateddecision.Inthismodernbusinessenvironmentinformationtechnologyisplaying important role which not only helps in conducting operations in time effective manner but also helps to be multitasking. In this HR manager can face challenge related to data privacy. In this if 7
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HR manager ignore data privacy concerns then it will increase cost and complexity that can affect the process of implementing strategies in workplace on adverse manner. Ways through which IKEA HR can overcome the challenges in the process of implementing human resource strategies in the workplace to increase organizational productivity According to the viewpoint ofMousa and Othman, 2020human resource strategy plays essential role in maximising overall performance and productivity of organization from simultaneous basis. With the help of taking use of potential strategies IKEAHR can overcome the challenges intheprocessofimplementinghumanresourcestrategiesintheworkplacetoincrease organizational productivity to enhance organizational productivity. Employee engagement Human resource manager within company is required to focus upon one of the most vital HR strategy which is employee engagement in order to develop employees productivity at work. It not only helps in enhancing employees productivity but also helps in enhancing their loyalty and satisfaction level towards organization.HR professionals is needed to understand the fact that with the help of conducting research and identifying the strategies that competitors are using for employee engagement and further implement most competitive strategy helps in boosting employees output. This helps IKEA HR manager to overcome the challenge of managing business need for skilled and talented employees. Incentive programs It is also the most important strategy in which it is essential for human resource professional to improve employee productivity with the help of having efficient incentive programs. For a leading business like IKEA it is essential for company to manage workers in which incentive programs plays important role in enhancing overall productivity of workers. It not only helps business to fulfill productivity and goals but also helps them to retain employees for longer period of time and manage challenges to implement HR strategies in workplace. Positive workplace environment It is essential for human resource professionals to provide a positive workplace environment to workers with the help of offering them flexible work options (Zaid, Jaaron and Bon, 2018). Due to the outbreak of 19 employees remote working trend is currently prevailing in the business environment. In this with the help of providing flexible working options to employees with 8
positive workplace structure human resource professional can assure higher productivity and can manage the challenge of implementing HR strategies in workplace. Take use of advanced technology It is essential for human resource professional to update tools and technologies to attract and maintain employees or potential candidates. This will help them to conduct cost effective human resource operations and prepare training materials for employees in time effective manner. In also helps in implementing HR strategies in workplace. With the help of emphasising upon all these strategies human resource professional can enhance organizational productivity in effective manner. Thus, from the above mentioned analysis of the various authors viewpoint, it has been identified that human resource management is an important concept for organization which not only helps them to enhance productivity but also allow them to manage performance of employees and guide them in effective manner. However, there are certain challenges that IKEA HR manager can face. In this with the help of implementing right strategies these challenges can be overcome which automatically lead towards enhancing productivity of organization in effective manner. Methodology Research methodology is termed as a type of process and technique which help researcher to analyse data and information associated to present topic. With the assistance of research methodology in research, the paper researcher can actually permit the peruser to make a basic assessment of the review generally speaking unwavering quality as well as legitimacy. Research approach assumes significant part in research which assists scientists with examining the data for a review and guarantee dependable and legitimate outcomes to fundamentally satisfy research goals. With the assistance of exploiting proper instruments and strategies in research philosophy, researcher legitimate examination results. Likewise, it has been underlined that this segment in research assumes a crucial part which assisting researcher with having the help of efficient strategies and gather information successfully with the assistance of proper instruments and methods. Research philosophy- 9
Research philosophy is close to term as a conviction about how information related with the peculiarity is expected to be gathered, analyzed, and utilized really. Research philosophy principally manages nature, source, and advancement of information. In basic terms research theory is connected to the supposition nature and information on the review. It has been distinguished that examination theory assumes a significant part and goes about as an essential piece of exploration methodology. It allows the researcher to acquire a comprehension of hidden reasons assessments and inspirations really. To fulfill present examination goals researcher embraces the utilization of positivism research reasoning. The fundamental defense behind choosing this technique is that it is reasonable and suitable for directing present examination as it really efficiently upholds a training to lead a review and practice to conduct a study and helps in sporting a better generation of understanding and knowledge to fulfill research objectives. Research approach- The research approachis for the most part characterized as an arrangement a methodology that is predominantly comprehensive of move forward expansive presumption to detail strategies for information assortment and assessment and translation. There are basically two types ofThe research approachwhich are inductive and deductive (Pattanayak, 2020).In setting with the current idea of reviewresearcherwith the assistance of thedeductive approachis anticipating making efficient and fitting testing of gathered data and realities as well as having legitimate filtering of data.The primary avocation behindtaking use of this method is to usethe logical methodology is that it is reasonable and reasonable to line up with the positivism approach which assists the analyst with having a particular and quantifiable arrangement of examination results. Research strategy- Research strategy is for the most part characterized as a bit by bit strategy that provides researcher with a course of endeavors and contemplations in a viable way. Research technique is an indispensable part of examination procedure as it empowers the agent to direct research in a deliberate way and on time to give nitty gritty detailing and quality outcomes. Among this large number of techniques to satisfy present examination targets with the assistance ofsurvey, strategy, is pointing toward to give fitting and appropriate information and data related with the current theme. Choice of method- 10
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Research choices are essentially related and related with undertaking information in data about the technique applied to gather data. The research decision is predominantly embraced by the analyst in a review that is comprehensive of subjective and quantitative examination decisions.Toleadthecurrentexaminationresearcherwillattempttheutilizationof the quantitative researchof the examination. The fundamental avocation behind choosing this technique is that it is more reasonable and fitting and helps in guaranteeing the assortment of data and information in numeric raw numbers. Moreover, it has been distinguished that with the assistance of exploiting thequantitative researchshow of realities which depends onbar chart and tablewhich supports research in a more quantifiable and explicit arrangement of exploration result. Data collection- This is one of the main pieces of research methodology as it is principally named as a methodology of gathering, estimating and examining precise knowledge of examination with the assistance of standard approved strategies. In setting with the current examination researcher with the assistance ofboth primary and secondary sources of data collectionare expecting to satisfy research targets with the assistance of a wide scope of information in data. In setting with primary method, the researcher will utilize aquestionnaire. The fundamental support behind exploiting the poll as an essential information assortment technique is that it is cost-saving which assistspecialistwithcontactingindividualsrapidlyandhaveaguaranteeof information exactness .notwithstanding this with the assistance of exploiting this examination strategy researcher will achieve research in a savvy commonsense and adaptable way with effective outcomes. While in setting with secondary data collection method in this researcher with the assistance of assessing perspective of different writers, articles and books will lead an inside and out investigation of the present chosen research point. The principle explanation for exploiting these techniques is that it helps in improving the practicality and realness of the gathered realities and figures. With the assistance of exploiting both of these data, the assortment strategy specialist points towards successfully satisfying examination goals. Data analysis- Data analysis in research philosophy is chiefly named as a course of deliberately taking the use of measurements or sensible strategies to represent and portray data. There are various strategies for information examination which are qualitative data analysis techniques and 11
quantitativedata analysistechniques.With the assistance of exploitingthese information examinationtechniques,the researcher can reallysatisfy research goals. To lead present researcher examiner with the assistance of exploiting the quantitative data analysis technique strategy is pointing towards satisfying examination goals with the investigation of data in a measurable manner. In this researcher with the assistance of questionnaire and the use of the bar and the graphical chart will break down information and gather data unseemly manner. The fundamental avocation behind choosing this technique is that this assists researcher with directing examination cost-effectively. Along with this it additionally assists the researcher with regulating remotely through cell phone, on the web, email, or phone which helps in diminishing and preventing geographical dependence. Sampling- Sampling is a process in which researcheruse statistical analysis is being undertaken in which a predetermined number of observations are being undertaken from a larger population group. Researcher with the help ofrandom sampling methodwill investigate topic. In this, 45 respondents of company is selected o fulfill the research objectives effectively. CONCLUSION As per the above research it has been concluded that HR is important aspect of an organisation. In this it is essential for HR to utilize effective strategies and policies in order to guide employees. This helps in fulfilling overall goals and objectives in effective manner. 12
REFERENCES Books and Journals Aburumman, O., Salleh, A., Omar, K. and Abadi, M., 2020. The impact of human resource managementpracticesandcareersatisfactiononemployee’sturnover intention.Management Science Letters,10(3), pp.641-652. Armstrong, M. and Taylor, S., 2020.Armstrong's handbook of human resource management practice. Kogan Page Publishers. Collins, C.J., 2021. Expanding the resource based view model of strategic human resource management.TheInternationalJournalofHumanResourceManagement,32(2), pp.331-358. Distelhorst, G. and McGahan, A., 2021. Socially irresponsible employment in emerging-market manufacturers.Organization Science. Jonsson, A. and Foss, N.J., 2011. International expansion through flexible replication: Learning from the internationalization experience of IKEA.Journal of International Business Studies,42(9), pp.1079-1102. Kim, Y.J., Kim, W.G., Choi, H.M. and Phetvaroon, K., 2019. The effect of green human resource management on hotel employees’ eco-friendly behavior and environmental performance.International Journal of Hospitality Management,76, pp.83-93. Mousa, S.K. and Othman, M., 2020. The impact of green human resource management practices onsustainableperformanceinhealthcareorganisations:Aconceptual framework.Journal of Cleaner Production,243, p.118595. Pattanayak, B., 2020.Human resource management. PHI Learning Pvt. Ltd.. Song, J.W., 2021. How MNE subsidiaries transfer HRM practices in distant environments: A tale of two IKEA subsidiaries.Journal of International Management,27(2), p.100850. 13
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Zaid, A.A., Jaaron, A.A. and Bon, A.T., 2018. The impact of green human resource management and green supply chain management practices on sustainable performance: An empirical study.Journal of cleaner production,204, pp.965-979. 14