Managing Human Resource in Coca Cola : Report

Added on - 22 Jul 2020

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Managing Human Resource
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Meaning and purpose of the theory and practice of HRM within a business and socialcontext.........................................................................................................................................1TASK 2............................................................................................................................................72 Reflect on your learning from the Managing Human Resources module................................7CONCLUSION................................................................................................................................1REFERENCES................................................................................................................................2
INTRODUCTIONIn a business process, human resource management can be said as an process in which itpeople who are under workplace of company are managed by applying various tools andtechniques. The major role is being played by HR manager who is the head of human resourcedepartment and have roles and responsibilities which needs to be played (Armstrong, 2011).There are various tools and techniques which are being used by HR manager for establishinglong lasting relationship and comfortable environment for working and those are staffing,compensation and designing the work. In this report company chosen is Coca Cola which is amultinational company dealing in soft carbonated drink since 1886 across the globe. In thisreport, there are certain things which will be included like evaluating the impact of contemporaryHR practices on the motivation of employee. Apart from that, self reflection will be done on theissues faced by modern day HR practitioners.TASK 11. Meaning and purpose of the theory and practice of HRM within a business and social contextThere are certain theories and practice which are being considered under HRM and toexplain them in better terms, two organisations are being taken and those are being explainedwith brief Intro below:Coca Cola:This company was established in 1886 and started dealing in soft carbonateddrinks. Their main product is providing high quality coke as beverage to the people. Theyhave been dealing worldwide regarding this product. The founder of this company wasJohn Pemberton who took part in American Civil War and thus company was laterbought by businessman named Asa Griggs Candler who made this company goworldwide. This company is headquartered in United States and there are variety ofproducts which are being provided by the company like coke, zero diet coke, coca colacherry and many more. As per the research conducted there are approx 1.8 billioncustomers which are being served daily. Their annual turnover is around $41.863 billion.Pepsi:This company was established in 1898 and since then it has been dealing in food,snacks and beverages. It is a multinational company who has been dealing across theglobe and the main product which they deal in is Pepsi which is soft carbonated drink.They have been dealing in 200 countries and satisfying customers in effective manner.1
Turnover of this company is around $43.3 billion. This term was first coined in NewBern, North Carolina in 1898. This company is considered as second largest companywho is dealing in food and beverages. There are approx 274,000 employees currentlyworking under this company who are able to generate revenue of approx $66.415 billion.Importance of HRM for a Company:Human resource management is a process in which the main focus of management is onmaintaining and regulating the human resources for tasks and objectives. Another element whichthey focus is on maintaining healthy relationship with employees so that high performance workcan be seen. There are various reasons which can be stated as importance of HRM for companybut among those there are 10 main reasons or purposes which are stated below:Strategy:By the knowledge which HR possess, there are certain improvements whichcan be seen within the bottom line of company and the ways by which the success oforganisation will be affected (Berman and et. al., 2012). There are certain policies whichare being formulated by HR department and the main reason behind formulation is to setup the criteria for employees in which they will perform certain tasks and objectives.Apart from that, there are some leaders who have expertise in strategic management ofHR and thus they take participation in decision making process of company so thatcurrent and futuristic situations can be handled as per the demands of the business.Compensation:In this kind of element, structure is being made by the HR manager inwhich certain compensation and wages are being set. But this is all done when the certainsteps are being taken like analysation of competitor' structure and skills which can beapplied for attracting employees as per their skills and knowledge (Human resourcemanagement. 2016). There are certain surveys which are being conducted like extensivewages and regarding surveys for maintaining the cost of compensation in line withcurrent financial status of an organisation and revenue of project.Benefits:There are certain specialists which are being associated with the company andthus they help in reducing cost of the company which are related to turnover, attrition andhiring of replacements workers. These kind of specialists are highly essential for thecompany as they have effective skills and expert-ism which can be utilised to negotiatepackages of benefits regarding employees (Chang, Gong and Shum, 2011). Specialistswill help in designing of packages within the budget of organisation and sustainable to2
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