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Managing Human Capital And Leadership Assignment - Medavia

   

Added on  2020-12-30

17 Pages5203 Words35 Views
Managing Human CapitalAnd Leadership

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1HRM models and analysis of the approach to management of human resources of company...1TASK 2............................................................................................................................................5Functions of HR in relation to strategic human resource initiatives and recommendationsregarding improvement................................................................................................................5TASK 3............................................................................................................................................9Human resource management software programs.......................................................................9TASK 4..........................................................................................................................................11Characteristics of effective leaders and OCEAN model............................................................11CONCLUSION .............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONHuman resource management is the practice of an organization to hire & recruit, on-boarding and management of company employees. Also, it is considered as the strategy andapproach of organization to manage the people with in the organization (Stewart and Brown,2019). The report is explaining about Medavia which is a Mediterranean Aviation companyLimited company. Medavia aviation company was founded in year 1978 and operation ofcompany were started operating in year 1979. The head quarter of company is in Safi aviationPark, Malta. The different strategical changes are explained in report to improve the efficiency ofcompany. Human resource Management models are explained to analyse the approach oforganization. Human resources functions are explained and evaluated to improve humanresources initiatives for better management of operations. The different software programs areevaluated to find out their benefits. The qualities of effective leader are explained in report.TASK 1HRM models and analysis of the approach to management of human resources of companyThere are various HRM models which are as follows - The Fombrun, Tichy and Devanna ModelIt is also known as Matching model of HRM. It is one of the oldest model. According tothis model, Company organizational structure and HR system should be co-ordinate and managein a manner which become suitable for the company. According to this model, HR has only fourfunctions. These functions are as follows – Selection, Appraisal, Development and Rewardsystem (Haida and et.al., 2018). This model also focus on the interrelationship between these 4functions of HR. According to this model, if HR of the company will focus on these functionseffectively, it will bring organizational effectiveness and efficiency. But due to only limited areaand ignorance of environmental and another factors which can impact the human capital andresources of the company, it is not considered to be a relevant model in today's time. 1

The 5-P's HRM ModelThe five p's model is considered to be strategic human resources model which is modernmodel. This model are using by various companies in order to do their work within a particularframework design by this model. In this model, there should be a proper arrangement between 5variables which will help organization to improvement in their operations and organizationalstructure (Models of Human Resources Management, 2011). These 5 variables are as follows - 2(Illustration 1: Matching ModelSource: Models of Human Resources Management, 2011)

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