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Managing Human Capital and Leadership Assignment Solved

Added on - 04 Oct 2020

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MANAGING HUMANCAPITAL ANDLEADERSHIP
ABSTRACTPresent study will lay focus on Aviva's recruitment process starts with identifying the vacanciesin the company involving job descriptions, job specifications, requirements for the particular jobin terms of qualification, skills and experiences. It will also describe the various models ofmanaging human resource in the company.
Table of ContentsABSTRACT.....................................................................................................................................2INTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................1Various models and theories of Aviva to the management of its human resource................1TASK 2............................................................................................................................................3Recruitment and selection relating to strategic human resource initiatives andrecommendations on improving the process.........................................................................3TASK 3............................................................................................................................................5Discussing an approach to HRD and how can it be improved...............................................5TASK 4............................................................................................................................................7Evaluating classical theories of motivation and proposing a hybrid theory...........................7TASK 5..........................................................................................................................................10Characteristics of effective leaders......................................................................................10CONCLUSION..............................................................................................................................11.......................................................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONHuman capital management refers to managing employees of the company which ensuresthat they contribute significantly in overall productivity of the organisation. In simple wordshuman capital management is defined as the process of training, acquiring, managing andretaining employee to contribute efficiently in the operations of organisation. As well asmanaging leader is also essential as he is responsible for guiding and directing employeestowards achieving the task. Aviva is a multinational insurance company with 33 millioncustomers across 16 countries. It headquartered in London, UK. Aviva is the largest generalinsurer and pension provider. The major focus of the company is on Europe, Asia, China, SouthEast Asia and Canada. This study will analyse various models, theories and approaches thatmanage organisational human resource effectively. The report will discuss the process ofrecruitment and selection of employees in Aviva.Task 1Various models and theories of Aviva to the management of its human resourceHuman resource management is an approach which control and manage human resourcesof an organisation effectively. The key objective of every company is to train its employees sothat they become efficient human resource and Aviva treat its employees as important resourcethat play an important role in the organisational productivity. There are various models andapproaches that Aviva uses to manage its human resource:Harvard Model is one of the human resource management model which focuses onproper management of human capital. As perShields and et.al, (2015) this model consists ofdifferent critical components of human resource management which are interests, stakeholders,situational factors, human resource outcomes, HRM policies, long term consequences andfeedback loop. The HRM policies must be designed in such a way by Aviva that it best meetsthe requirements of its personnel’s and which fits properly with the overall organisationalstrategies. The policies regarding training and development should be such that employeesbecomes more efficient by upgrading their skills and knowledge so that they can contribute tothe organisational interests of achieving its goals and objectives. The author also says thatoutcomes of human resource management such as commitment, competent, cost effectivenessdirectly affects the productivity and efficiency of the company as HR involves management of1
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