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MANAGING HUMAN CAPITAL AND LEADERSHIP INTRODUCTION

   

Added on  2021-02-19

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MANAGING HUMANCAPITAL AND LEADERSHIP

Table of ContentsINTRODUCTION...........................................................................................................................5Task 1 ..............................................................................................................................................51. The fombrun model............................................................................................................62. The Harvard model ............................................................................................................6The Guest model ....................................................................................................................7The Warwick model...............................................................................................................7Human resource development of fombrun model.................................................................8Task 2...............................................................................................................................................8How to improve recruitment and selection process...............................................................8Recruitment............................................................................................................................8Process of recruitment............................................................................................................8Selection process for O2.........................................................................................................9Improving selection process.................................................................................................11TASK 3..........................................................................................................................................11Approach to HRD and how this could be improved............................................................11TASK 4..........................................................................................................................................12CLASSICAL THEORY OF MOTIVATION-.....................................................................12TASK 5..........................................................................................................................................13Characteristics of effective leaders and its analysis:............................................................13CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17

INTRODUCTIONHRM is a model which contains all resources of human activities. When all theseactivities are fired effectively, then willing workforce helps to achieve organisational goals.HRM explains economic, political, technological, legal and organizational conditions. Humanresource management is the process to help managers to recruit, train, select and develop allemployees of the organization. O2 is a telecommunication service provider in United Kingdom and it is owned bySpanish multinational Telefonica company and its headquarter is located in Slough, Berkshire,England, United Kingdom. O2 is the 2nd biggest mobile network operator in United Kingdom.Company was formed in 1985 and the founder of this company is John Carrington. Telefonicaretained the O2 brand and the headquarters of company in United Kingdom.In the below paragraph there is a discussion of managing human capital and leadership.The 1st thing which is mentioned above is about models of Human resource of management andhow they approach the company to manage its human resource. After that there is discussion ofrecruitment and selection related to strategic human resource and how we can improve them.Approach of HRD and how they should be improved this process. Then there are theories ofmotivation and their characteristics which can be applied to company. And at last discussion ofeffective leaders and models to analyse. Task 1 This will explain features of HRM which are known as models. All these models gives analyticalframework for the study of HRM. Four common models are:The Fombrun model.The Harvard model.The Guest model.The Warwick model.Purpose of all these models are just want to provide analytical framework for the study of HRMfor example stakeholders, situational factors, competence etc. These models provide speciality toHRM practices. They provide a design of HRM that setup variables and relationship toresearched. They help the world to discover and understand them about the significance ofnature and explain them the key practices of HR.1

1. The fombrun modelFombrun is a model of HRM. It also has 4 functions for management and which are appraisal,selection, development and rewards. It is not complete model because its just focuses on its fourfunctions and don't give importance to other contingency and environmental factors. But theadvantage of this model is that it is easy and can easily serve framework for explainingsignificance and nature of HR activities. Some approaches or parts which come under fombrun model are selsection, human resourcedevelopment, appraisal, organizational effectiveness and rewards.2. The Harvard model This model allows multiple stakeholders' existence within the organization. And with thesestakeholders, shareholders are also included with various groups of workers, government andthen its community will be at large. This models weight more on the soft side of HRM. Thismodel have main components of HRM which are stakeholder interests, situational factors,human resource management, human resource outcomes, HRM policy choices and long termconsequences. HR strategy- They look for influencing employees. Resource of human flows and rewardsystem to motivate employees and work system should be proper.HR outcomes- commitment of employees are important. It includes congruence andcompetence and it is cost effective.Stakeholder interests- shareholders have a big role they are included and managementshould be proper look for employees welfare government and community matters a lot.Situational factors- under this they will decide business strategy and condition ofmanagement and the market and the task and technologies which are used and the lawsand social values.Long term consequences- Look for individual welfare and then organisationaleffectiveness.The Guest model This model was created by David guest in 1997.This model underline on the assumptions thatthey begin with specific strategies of HR manager, which demands so many certain practices andwhen they mixed then they will result in outcomes. These outcomes have behaviour performance2

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