International Human Resource Management: Importance of HRM Practices

   

Added on  2023-01-13

11 Pages3510 Words61 Views
INTERNATIONAL
HUMAN RESOURCE
MANAGEMENT
International Human Resource Management: Importance of HRM Practices_1
Table of Contents
INTRODUCTION...........................................................................................................................1
Task 1...............................................................................................................................................1
COVERED IN PPT.....................................................................................................................1
Task 2...............................................................................................................................................1
Importance of HRM practices within the organisational context...............................................1
Task 3...............................................................................................................................................4
REFLECTIVE ESSAY...............................................................................................................4
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
International Human Resource Management: Importance of HRM Practices_2
INTRODUCTION
The human resource management is the crucial element in the management of
organisation. As it is responsible for all the functions of managing and controlling the people
within the organisation. The HRM department within MNC is accountable to handle all the
factors of human resources within the set boundaries of organisation. The international standards
and principles of managing the human resources are considered for the growth of the
organisation. As international HRM is outlined as a process of assigning, acquiring, as well as
utilising people in an international business environment in order to attain the determined
objectives and goals of the company.
This report is prepared on the dimensions of multi national company Starbucks which is
the most renowned food and beverage company in the United kingdom as well as in the most
part of globe. The company acquires more than a half of respective market shares. Thus for the
giant MNC like Starbucks it is essential to manage its work force effectively at all of its
subsidiaries. This report is comprised of all the major differentiation among domestic and
international business conditions. Whereas it also record the significances of HRM in a global as
well as in domestic boundaries of organisation. The modals and theories of career management
and career development are also practice with relation to respective organisation.
Task 1
COVERED IN PPT
Task 2
Importance of HRM practices within the organisational context
Human Resource management is considered as the most important asset in an
organisation that perform various functions like recruitment, selection, training and development
of an employee. Choosing the right person in a right place is a key role for a HR manager and it
deals with various issues like performance appraisal, compensation benefits, employee
motivation and so on. It provide the overall direction of the company that contribute to company
success and provide career succession planning and help in development of organisational
culture. In a dynamic environment, the manager adapt changes quickly due to transformation in
policies and procedures which help the company in managing the whole environment. The
1
International Human Resource Management: Importance of HRM Practices_3
manager of Starbucks assign the work among the subordinates in according to their skills so that
they could work with greater efficiency and thereby increases the productivity of a company.
The significance of HR with reference to Starbucks is described as follows:
Recruitment and Selection: It is the one of the important function of human resources
that select the right person for the right job at the right time. In other words, it describes the
process of stimulating the people to apply for vacant positions in a job. Recruiting employees
with correct skills could provide advantage to the business at it reduces cost and time in hiring an
expert and professionals. The manager of Starbucks chooses the best person that matches the
talent and fit in a respective position across the worldwide. By preparing appropriate plans and
strategies, the HR manager hire right kind of people and also the contract is prepared with the
company specifying the terms and conditions such as pay benefits, incentives, time and date of
joining, compensation benefits and so on. If an individual work with good efforts within the
respective firm then it could be assign to higher in position with additional responsibilities. Thus,
this increases the morale and trust of subordinates working within the concerned firm.
Training and Development: Training and development play a very important role in
shaping the talent of an employees in order to increase their knowledge base and skills of an
employees. This encourage them to work more and inculcate confidence skills and learning
abilities in them to achieve task effectively and efficiently. The manager of Starbucks provides a
specialised training to their employees so that they could develop learning capabilities and could
handle sophisticated machines easily. One of the advantage is that employees could work
without hesitation and increase their capabilities within an organisation. It improves the overall
effectiveness and provide the systematic working and also promotes the holistic development of
Starbucks.
Performance Appraisals: The senior authority encourage the people in an organisation
to work beyond their potential and give them suggestions which help them to bring improvement
within them. The manager make sure that the there is proper communication strategy followed
within a company so that all necessary information regarding their respective role and goals and
objectives are well defined. The manager of Starbucks provide various performance appraisals
and compensation benefits among the workforce in order to motivate and inspire them to work
hard with greater potential. Proper communication help them to have clarity about the vision and
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International Human Resource Management: Importance of HRM Practices_4

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