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Linking Vision and Mission to Strategic Human Resource Management at BHP Billiton

   

Added on  2023-01-11

4 Pages1572 Words21 Views
Introduction
Strategic human resource management is defined as linking the human
resources with the strategic goals so that it can improve organisational
performances and develop organisational culture, which foster innovation,
competitive advantage, and flexibility. HR functions as a strategic partner that
helps in the formation and implementation of organisations strategies with the
help of recruiting, training, rewarding and selecting. This report brings out a
discussion on how vision and mission of BHP Billiton are linked to the strategic
human resource management. Apart from this, organisation faces external
pressures from many factors that affect the human resources. Political and social
factors affect the HR analytics, which is elaborated below. At last, this discussion
has been summed up with the elaboration on strengths, threats, weaknesses and
opportunities.
The mission of BHP Billiton is to generate long-term value with the help of
development, discovery, in addition, transformation of natural resources. The
main objective of the company is to create sustainable value for the contractors,
suppliers, business partners, host communities, and employees. Further, the
strategy is to operate at large level, low-cost, upstream assets that has been
diversified by geography, market, and commodity. The company aspire Zero
harm to the environment in order to achieve the leading practises in industry.
The vision of the company is to focus on entrepreneurial business in order to
develop multi-disciplinary approach. While relating to the human analytics, BHP
Billiton needs the people to grow, develop, and learn the skills in order to reach
their potential. As the company offers a huge range of products in the inclusive
environment with more career opportunities. The main strategy is to focus on
producing a safe work environment where the employees feel strongly
connected to their values and achieve the objectives. In order to achieve the
suitable objectives in future, the functioning of human resources are related to
extraction, processing, presenting, and analysing the HR data so that it will
enable to make proper decisions on the basis of analytics and data. Executing
HR regulatory analytics and reporting in the BHP Billiton is not limited to internal
global HR analytics, external regulatory, and analytics. Moreover, it analyse the
HR performance reporting for GAS HR operations, finds the pattern, trends and
correlation in complex data that can be sourced from different sources.
Political factors- In regards to political factors, which affect the human analytics
of BHP Billiton, are that Australia holds a relative advantage that are related to
export of mining services and other skilled labour force. In order to assist the
skill development, it ensures that appropriate and sustainable training programs
that are kept in place in order to provide the sector with high skilled workforce.
Australia`s capital that are related to skilled labour in mining related platforms
where Australia continues to grow its advantage in niche market and increasing
the visibility in the global mining market. Although every factor of pestle
framework affect the human resources and analytics. The government has to
necessitate certain laws in regards to protect the employees from being
exploited and concern for their health safety.
One of the major challenge faced by the global society is to help the world to
meet energy needs and working on the same way to mitigate the potential risks
Linking Vision and Mission to Strategic Human Resource Management at BHP Billiton_1
that is related to greenhouse gas emissions. As the company is bound to commit
with the BHP charter and the code of conduct that includes overriding assurance
to health, environmental, sustaining and safety development. BHP Billiton is both
producer and user of fossil fuel energy that lead to greenhouse emissions. It
ensures alignment and compliance to the relevant requirement of legislations,
standards and agreements. These emissions are related to consumption of fossil
fuel and other human activity contributes to global warming that directly affect
the quality of human life. In order to comply with the country`s political factors,
BHP Billiton has been addressing several challenges in relation to human
analytics. For example- creating value by continuously exploring few ways so
that they can reduce the emissions footprint.
Social factors- several most important key areas includes HR analytics, which can
improve the performance of the company, as human capital is the key to
maintain competitive advantage. Social and demographic factors affect the
identification of right personnel for an appropriate vacancy. For example-
determined successful employees who are under youth categories demands
status satisfying jobs. Youth promotes training and incentive programs and
engage in improvement in the performances. An organisation always work to
treat the public consent so that it can satisfy the customer needs. HR managers
have to undertake the relevance in order to conduct the business. According to
treasury government reports over more than 40 years where the population over
65 years will increase in next 40 years. For now, growth in population aging
between 15-64 years is expected to go down almost equal to zero. Apart from
this, this is quite practical that ageing population will lead to raise the demand
for pension and health care services. There is a need to adapt with the changing
technology and expectations in relating to access most advanced tests. The
most appropriate way to achieve the economic pace through increasing labour
force productivity and participation. Australia has been enjoying strong
productivity growth. In order to maintain performance in future, the company
has to comply with the reforms, which free-up the economic activities, improve
the flexibility of labour markets, and also it continues to develop more innovative
and dynamic environment. Further, the company will also need to be
accomplished by maintaining a low inflation economy and continuing sound
fiscal policy. The country has more potential to increase labour force
participation as individuals are affected by higher income.
Strengths
BHP Billiton is a renowned company that offers a huge variety of assets. The
company is largest suppliers of copper, lead, aluminium, and uranium.
The company is the major producer of manganese with operations and
metallurgical coal in Australia, South America, US, and Brazil. With eight
operations in South America, US, Australia, and South Africa, BHP Billiton
provides thermal coal for electric generation of power.
The company delivered superior financial profits over the last years by returning
their capital with the help of their investors by aggressive share buyback
program.
Weaknesses
Linking Vision and Mission to Strategic Human Resource Management at BHP Billiton_2

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