Managing Human Capital and Leadership Sample Assignment
Added on -2021-02-21
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Managing HumanCapital andLeadership
ABSTRACT Human resource management refer to the process of hiring as well as developing thestaff in order to acquire the necessary skills and grow business successfully. The first task of thereport include various HRM model which help to maintain the smooth functioning of business byresolving the internal disputes and encouraging the team member to achieve the shared objectivethrough cooperation. The second task consist of HR function that helps various activityperformed by HR professional to maintain the smooth functioning of business. Moreover, thirdtask include the software which are used by HR to perform their task effectively and manage theinternal data successfully. Further, fourth task carries the trait of effective leader that help in thesuccess of business.
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Discussion of relevant HRM models and analysis of approach of the company to themanagement of its human resources............................................................................................1TASK 2............................................................................................................................................3Critical discussion of HR functions.............................................................................................3TASK 3............................................................................................................................................7Critical evaluation of HRM software programs that are available off the shelf and theirsuitability for organisation...........................................................................................................7TASK 4............................................................................................................................................9Discussion of characteristics of effective leaders taking in to considerations all the identifiedissues............................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONManaging human capital and leadership can be defined as a human resource functionwhich helps to manage an organisation. It is vital for all the business entities to manageemployees at workplace so that organisational goals could be attained (Shields and et.al., 2015).For this purpose, managers formulate plans and strategies for betterment of company. Theenterprise which is selected for this report is Whirlpool. It is mainly established in UnitedKingdom. It was founded by Robert Elton in year 1980. Currently it is selling its products andexecuting business operation all around the world. This assignment covers various topics such asHRM models, analysis of approach of company, critical discussion of HR functions oforganisation and evaluation of different HRM software programs that are available off shelf andtheir suitability for entity. Characteristics of effective leaders taking in to consideration all theidentified issues are also covered under this report.TASK 1Discussion of relevant HRM models and analysis of approach of the company to themanagement of its human resourcesA human resource management consultant is being invited by Whirlpool in order toprovide them advise on the possibility of taking their HR practices to next level in order tocompete more effectively in the marketplace (Leitch McMullan and Harrison, 2013). For thispurpose, board of directors has the consultant to focus on various aspects which are as follows:There are various types of human resource management models which are used bybusiness entities such as Whirlpool UK. All of them are mentioned as follows:Hard and soft HRM model: This is a model of human resource management in whichhard one is focused with quantitative and calculative strategic aspects of the process of humancapital management (Masa'deh, Maqableh and Karajeh, 2014). Whereas, Soft one is related toqualitative elements of the procedure. In order to enhance productivity of organisation, HR inWhirlpool can use this model which can result in increased work quality of staff members whoare working within the company.Contextual model of HRM: It is based upon importance of environmental factors suchas social, political, and institutional. It is one of the broader approach which could be imposed byHR manager of Whirlpool in order to make sure that external and internal elements does not1
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