Managing Human Capital and Leadership Solution Assignment (Doc)
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Added on 2021-02-19
Managing Human Capital and Leadership Solution Assignment (Doc)
Added on 2021-02-19
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MANAGING HUMANCAPITAL ANDLEADERSHIP
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Different model of HRM for manage human resource...............................................................1TASK 2............................................................................................................................................5Critically discuss the organisation's HR Function in relation to strategic human resourceinitiatives.....................................................................................................................................5TASK 3..........................................................................................................................................11Critically evaluate the numbers of HRM software...................................................................11TASK 4..........................................................................................................................................12Characteristics of effective leaders taking into consideration all the identified issues.............12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15
INTRODUCTIONHuman Resource Management (HRM) plays an important role in the working of thecompany. HRM aims at effectively accomplishing the goals and objectives of the company. Thisis the function of the business organisation that adopts and implements various practices in orderto improve the employees' satisfaction and motivation level to achieve organisational goals. Thepresent report is based on Starbucks Corporation which is a coffee-house chain. It was foundedin the Seattle, Washington in the year 1971. Starbucks operates in more than 30000 locationsaround the world-wide.The present report will explain about the improvements in the various HR managementso that organisation can compete with others in the marketplace in more effective and efficientway. The report will analyse about various relevant HRM models in details. Functions of HRwill be discussed critically in the report with relation to the strategic human resource initiatives.Further some HRM software programs will be evaluated and the most beneficial one for theorganisation will be identified. Report will discuss about the characteristics of effectiveleadership as well.TASK 1Different model of HRM for manage human resource.Implying use of HR models to manage workforce is the essential practice which assistorganisation in effective management of workforce, people and intellectual capital. It is veryimportant for Starbucks to manage their human resource practices at workplace, in order to makesure that all activities are going as per needs and requirement. In accordance with this humanresource department of Starbucks can use various model that help in conduct all the activities inappropriate manner. Models of HRM which can enhance HR practices of Starbucks are asfollows:Standard causal model of HRMThis is the best model that should be adopted by the company in their HR practices(Standard casual model, 2017). The model present casual chain which starts with business needsand strategy. This start from new employee requirement, any training requirement, etc. CurrentlyHR focuses on the training and development as well as effective recruitment and selection thatwill help in to improve the overall performance of the organisation. Further it has beenmentioned by (Banfield, Kay and Royles, 2018) that with the help of HR process of approach,
the financial performance will improve in effective manner. Starbucks can use this model toalign all their activities with business strategy. The By implementing the models in Starbucks,HRM department enable to manage the Human Resource and the function include workforcemanagement, intellectual capital management, people management. On the other hand this model enable HR department of Starbucks and make them able tofocus on improving internal performance of the industry such as productivity, employees hardwork, innovation quality and quantity of work. Along with it, it will help in to manage the peoplethat are working and other intellectual property. According to (Morgeson, Brannick and Levine,2019) some HRM practices have direct impact on internal employee's performance. Forexample:11Training and development can directly help coffee house chain in managingimprovement in employee's performance because with the help of this employee canIllustration 1: the standard casual model of HRM(Source:Standard casual model, 2017)
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