Human Resource Strategies PDF

Added on - 22 Nov 2020

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Human Resource Strategies -Strategic People Plan
Table of ContentsINTRODUCTION...........................................................................................................................1RATIONALE FOR GAP.................................................................................................................1STRATEGIC PEOPLE PLAN........................................................................................................3CONCLUSIONS..............................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONHuman Resource Strategy is being considered as an approach that helps in meeting longterm goals and objectives in the fields related to human capital management. Away with this,Strategic People Plan contains a specific or a number of gaps and keep its focus over alterationswhich needs to be done in HRM activity(Armstrong and Taylor, 2014). In this report, firmwhich has been chosen i.e. Newcrest Mining Limited- Lihir Operation in Papua New Guineawhose main operations is gold mining. Assignment is going to focus on the gap which iscurrently used by Newcrest Mining Limited, competitive strategy and Best Fit only which are apart of Best Fit approach and have neglected the two other approaches and these are: Life CycleModel and Strategic Configuration. Considering both of these approaches as well can be helpfulfor Newcrest Mining Limited in bringing up a number of opportunities for employers like abilityto meet strategic organisational objectives considering performance level of workers. NewcrestMining Limited is being considered as Australian corporation deals in number of businesssections like they have engaged in exploration, development, mining and gold-copperconcentrate. It's headquartered at 600 St, Kilda Road, Melbourne, Australia. Considering both ofthe approaches Life cycle model and Strategic Configuration can be helpful for Newcrest MiningLimited in reaching to new heights where they can give competition to rivals and can gain amplenumber of benefits.Being as a Support IT officer in Newcrest Mining Limited, I am helping out HR managerof the company in giving analytical and computerised based information related to howimplication of both of these approaches can be done within the company so that long term goalsof Newcrest Mining Limited can be attained right on time. Finally report will cover importanceof gap and then a proper strategic people plan will be implemented that will cover challenges,theories and required changes of existing HR strategies through which target of Newcrest MiningLimited will be achieved.RATIONALE FOR GAPMain reason behind choosing this gap is that, using Best Fit approach and not consideringits all the models may not give full benefits to the company and may impact upon employeeengagement. Using best fit approach and implementing all its models can help in enhancingemployer's ability in meeting overall strategic organisational goals through a more effective1
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