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Managing Human Capital and Entrepreneurship: Assignment

   

Added on  2020-12-31

14 Pages4266 Words430 Views
Managing Human Capitaland Entrepreneurship

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Relevant HRM models applicable for KFC................................................................................1TASK 2............................................................................................................................................3Functions of HRM and recommendations to KFC India for further improvements...................3TASK 3............................................................................................................................................5Critically evaluation of HRM Software programs......................................................................5TASK 4............................................................................................................................................7Characteristics of effective leaders and model suitable for KFC India.......................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONHuman capital management is a combination of practices for recruiting, managing,developing and optimising the human resources of an organisation. Thus, it play an importantrole in the growth and success of an organisation as it support human resources in improvingtheir performance through conducting several HRM practices such as recruiting, selection,motivation, performance appraisal etc. It also support leadership through allocating the role andresponsibilities related with bringing out maximum output from employees working in anorganisation (Absar, 2012). KFC is an American fast food restaurant which is engaged inproducing and selling multiple variety of food products such as Fried Chicken, Chickensandwiches, soft drinks etc. is selected for the purpose of preparing this report. The projectincludes various HRM models which are more applicable to an organisations to manage humanresources. In addition with this, HR functions such as recruitment and selection, HRD,Motivation etc. are also described under this report. Apart from this, HRM software programs,characteristics of an effective leaders are also discussed under this report.TASK 1Relevant HRM models applicable for KFCHuman resource management is considered as an effective strategic approach to theeffective management of human resource so that the maximum efforts can be gained byorganisation in achieving their desired goals and objectives. For this, HRM models play animportant role in bringing maximum output from employees working in an organisation. Thereare four types of HRM models which includes Fombrun Model, Harvard Model, Guest Modeland Warwick Model. There are various aspects which are associated with the application forKFC which are discuss below: It provide an analytical framework for examining human resource management forexample, situational factors, stakeholders etc.KFC used to legalise specific HRM practices that provide uniqueness to HRMpractices.It helps in describing the importance of key HR practices which motivate HRmanager to take further decision related with implementation of HRM practices.1

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