(PDF) Managing Human Capital And Leadership | Assignment
Added on 2021-02-21
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MANAGING HUMANCAPITALANDLEADERSHIP
Table of ContentsINTRODUCTION...........................................................................................................................3Task 1...............................................................................................................................................3Some approaches to manage human resource.............................................................................3Task 2...............................................................................................................................................5Recruitment and selection within company and some recommendations for improvement.......5Task 3...............................................................................................................................................7Approaches to human resource development and its improvements..........................................7Task 4...............................................................................................................................................8Evaluation of classical theories of motivation............................................................................8Task 5.............................................................................................................................................10Some characteristics of effective leader and some model in support.......................................10CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONHuman capital is defined as the employees which work within the company in order toachieve the objectives and goals of business. The human capital is the major part of anycompany or organization. Therefore, it is very necessary to have a good human capitalmanagement within the company (Joo, Lim and Kim, 2016). Human capital management is aprocess which starts from acquisition of employees till they leave the organisation and tomaintain their skills and enhance their knowledge so that they are retained within company forlonger time period. The present study is based on the company Sainsbury. It is the second largestsupermarket chain in UK which was founded in the year 1869 by John James Sainsbury.The present assignment will start by outlining some approaches which the company usesto manage its human resources. Further the report will discuss some recruitment and selectionmethods in relation to strategic human resource along with some recommendations to improvethe recruitment and selection within the company. Next in the assignment some approaches toHRD will be explained and measures for its improvement. Furthermore, a critical analysis of thesome classical theories of motivation will be done to improve motivational level of employeeswithin the company. At last various characteristics of effective leader will be discussed with helpof some models (Manuti and De Palma, 2016).Task 1Some approaches to manage human resourceHuman resource refers to as the employees working within the company foraccomplishing what the company is intended to achieve. Without human resource or humancapital no organization can work effectively and efficiently. Therefore, it is very necessary forthe companies to manage and satisfy their employees so that the work within the company isappropriately carried on. There are different types of ways in which Sainsbury can manage thesehuman capital to their fullest potential. Some different approaches used by Sainsbury are asfollows-Management approach- it is an approach which deals with the management of thehuman capital. It is because of the reasons that if there is not adequate human within thecompany then there will be problem in accomplishing the work and objective of business. HRMis an important part of the management of the company (Approaches to human resource
management, 2017). It is because of the reason that management refers to as an act of gettingthings done from others in an effective and efficient way. Therefore, for managing the humancapital at the workplace it is very necessary for Sainsbury to manage its human capital in aproductive way so that employees yields maximum output and add to the growth anddevelopment f the company. Within the whole life of business it need to have human capital aswithout man force no work can be done and also management of the company cannot take place.Therefore, it is very crucial to have a sound and sensible human resource management so thatevery work is managed on time.The management approach is helpful in managing the human resources because it takesinto consideration what are the requirement and needs of human resource and how these needsare managed. In case the human resource is not satisfied with the management of the companythen it might be possible that they do not work with full energy and enthusiasm and this mayresult in non fulfilment of business objectives (Masa' deh, Maqableh and Karajeh, 2014).Proactive approach- it is a major approach which Sainsbury uses in order to manage itshuman capital within the company. It is very necessary for the human resource to be veryattentive and spontaneous in any work because every work needs to be done by them only. Thebusiness exist in a dynamic and ever changing world where changes takes place within secondsand very frequently. However, the company needs to continuously research for the changestaking place within the business environment. This is possible only with the help of good andattentive human capital. And if the human resource is not that much capable then Sainsbury willnot be able to upgrade with all the recent changes going on within the business environment.Under this approach the human resource needs to have the capacity to anticipate thepossible changes which can take place within the business environment. The underlying reasonbehind this is that the manager needs to have a very good insight of what can be the possibleproblems arising in way of business. This is majorly due to the reason that managers and otherhuman resource of the company must be intact with the changes taking place within the outsideworld (Snell, Bohlander and Morris, 2015). This is crucial due to the fact that if human resourcewill be having knowledge relating to the changes taking place within the environment then it willbe helpful for the human resource to take proper and effective decisions on time. It is because ifthe human capital is capable of thinking and anticipating the changes or problems which mayarise then they will be more ready with the solutions if the anticipated change is correct then the
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