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Managing Human Capital And Leadership Solved Assignment (Doc)

   

Added on  2021-02-19

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Leadership ManagementProfessional Development
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MANAGEMENT HUMANCAPITAL ANDLEADERSHIP
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ABSTRACTManagement of human capital and leadership is primarily concerned with attracting,developing and managing the talent in order to attain the competitive advantage. There arevarious models and approaches which the organizations uses for effectively managing the humanresources like Warwick model and guest model, proactive approach and strategic approach.Besides this, Companies uses a range of recruitment processes like newspaper advertisements,promotions and selection process like interview to achieve the initiatives of strategic humanresource. The two approaches of HRD that is strategic framework approach and human capitalapproach assist in effective recruiting and attracting the talents as well as providing rewards tothem. Apart from this, the Maslow theory of motivation encompasses the various tools whicheventually motivate the individual to attain personal as well as organizational objectives.
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................2MAIN BODY..................................................................................................................................2Models and approaches for Human resource management.........................................................2Hiring and selection relative to strategic human resources and recommendations for enhancingthe process...................................................................................................................................4HRD approaches and recommendations for improving it...........................................................6Classical theories of motivation..................................................................................................7Characteristics of Leadership....................................................................................................10CONCLUSION.............................................................................................................................12REFERENCES..............................................................................................................................131
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INTRODUCTIONManagement of human capital and leadership is basically the set of practices andprocedures which are used for managing the human resources within an organisation as well ashelps in developing the talented employees. HSBC bank is a renowned investment bank as wellas financial services company established by Thomas Sutherland in the year 1865 and placed inLondon, UK. This essay primarily addresses the models and approaches for Human resourcemanagement, Hiring and selection relative to strategic human resources and recommendationsfor enhancing the process, HRD approaches and recommendations for improving it, Theories ofmotivation, Effective leader’s characteristics.MAIN BODYModels and approaches for Human resource managementAs per the view of Subramony and et.al., (2018) a company uses a wide range of HRMmodels which help them to legitimize the different HRM practices and thus serve as a tool forunderstanding the significance of key issues in human resource management. Among all, one ofthe well known model is the guest model being established by popular David Guest in the year1997 and postulates that the HR manager adopt certain strategies in the beginning which calls forspecific practices and once executed, results in the long term outcomes. This model is consideredas superior in comparison to other models as it primarily focuses on the strategic managementbesides emphasising on the personal development. In short, this model mainly stresses on needsof every individual rather than collective workforce. This model comprises of six differentcomponents namely HR practices, strategy, etc. which ultimately help in tuning the individualinterest with organizational strategies.As illustrated by Lin and et.al., (2017), another model of HRM which is Warwick modelwas intensively established by Hendry as well as Pettigrew wherein it focuses on identifying thedifferent business strategy along with HR practices and external as well as internal context underwhich the activities of the organization occur. Besides this, it also addresses the process throughwhich varied changes occurs including the relation between changes within both the context aswell as content. This model's core strength lies in recognizing and classifying the essentialinfluences of environment on HRM. This model revolves round five major factors which areouter forces like macro environmental, inner forces including micro environmental, Content of2
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