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Strategic Human Resource Management in an expanding organisation

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Added on  2021-02-21

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Recommendations on the top three identified issues if the company expand their market 10 CONCLUSION 10 REFERENCES 11 INTRODUCTION International Human resource Management means a group of operational activities of human resource management at international level. This will also highlight about the plan for development of HRM strategies and the key issues in strategic International Human Resource Management. Analysis the key human resource issues The main problems Woolworths supermarket is facing because of Human Resource Management are as follows : Retention : Employee retention means the capacity of a

Strategic Human Resource Management in an expanding organisation

   Added on 2021-02-21

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STRATEGIC HUMANRESOURCEMANAGEMENT
Strategic Human Resource Management in an expanding organisation_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Analysis the key human resource issues............................................................................12. Strategies changes the organisation should implement :....................................................23. A detailed plan for the development or improvement of strategic HRM in priority orderwith action time frames and measures of success..................................................................44. Key issues related to strategic IHRM.................................................................................65. Difference between home and international HRM.............................................................76. Recommendations on the top three identified issues if the company expand their market10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONInternational Human resource Management means a group of operational activities of humanresource management at international level. In this the human resource management of thecompany aims to achieve all the objectives of the company as well as the competitive advantagesover the rival firms at both nationals and international level. Woolworths supermarket is amongthe biggest companies of the Australia. The company was founded On 22 September 1924. Thecompany practice their business in retail sector. The company have their retail stores in Australiaand New Zealand. Woolworths Supermarket has generate revenue of 55.669 Australian dollars.The company has about 1000 stores in different location of the countries. The company hasaround 11500 employees working for them. The supermarket company has more that 37% of themarket share. This file will discuss about the the HR issues of Woolworths supermarketinternationally as well as the changes that should be made to solve the HR related problems. Thiswill also highlight about the plan for development of HRM strategies and the key issues instrategic International Human Resource Management. The report will also discuss about the keydifference between domestic HRM. Lastly the report will highlight the recommendations on theidentified issues.MAIN BODY1. Analysis the key human resource issues The main problems Woolworths supermarket is facing because of Human ResourceManagement are as follows :Retention : Employee retention means the capacity of a company to to retain their employeesfor a long time. The employee retention is based on the environment of the company, policies ofthe company, and the salary and incentives of the employees. The Human resource department ofthe company has provide the proper fusion of these three to satisfy the employees. The employeeturnover ratio of Woolworths supermarket is very high. The company has to hire new employeesin very short period of time. The low retention rate of the company decrease their profitability asthere is huge cost involve in recruitment and selection program of the employees. The companyhas to organise training and development programs for the new employees to train themaccording to their work standard and policies(Farndale and Brewster, 2019). Recruitment : The recruitment means finding talents with proper combination of skills,motivation and personality. The human resource department have to select few best candidates1
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out of many candidates applying for job. The recruitment of employees can be done internally orexternally. The recruitment process should be done in a proper and effective manner because itconsumer lot of time of the company as well as lot of money. The HR department need to reviewevery application and CV. The Human resource department of Woolworths have to organiserecruitment program in very short period because of their high employee turnover ratio. The HRdepartment need go through every CV to short list some selected candidates. Just by short-listingcandidates through CV leads to loss of potentials candidates suitable for job(Elkoussa andWilliams, 2019). Productivity : The human resource management should have a proper knowledge about theproductivity of the employees this which help the HR department to ensure that the company isoperating efficiently. If the productivity of the employees is low the HR department need toidentify the problem behind the poor performance. After identifying the problems the departmentneed to come up with a solution. The human resource department of Woolworths is not hiringthe candidates in effective way the company is focusing more on cost cutting rather than hiring aright person at right place. The improper hiring of the Woolworths supermarket had decrease theproductivity of the companyTraining and development : Training and development programs are the most essential factorthat helps the company to increase the efficiency of the employees. The HR department need todo lot of research before demanding for a training programs. The things department need toconsider are innovation, market situations, employees knowledge regarding the field and manymore. This consumer a lot of time of the company. After going through all the factors the HRdepartment need to make sure that everyone who is sent to the training programs have gainknowledge about the subject. The HR department of Woolworths have to organise a lot oftraining programs as the hire a lot of candidates in a short period of time. After recruitment andselection process of the candidates. The candidates are sent to attend training programs and gainknowledge and improve their skills about a particular subject. Organising a lot of trainingprogram for new employees decrease the profit margin of the company(Suder and et.al., 2019).2. Strategies changes the organisation should implement :The Woolworths Supermarket should apply Value chain model to increase the effectiveness ofHuman Resource department. 2
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