This document discusses the benefits of strategic human resource management in Corinthia Hotel, including current trends, factors influencing HR practice, HRM theories, change management model, monitoring HR outcomes, and effective HR management.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
STRATEGIC HUMAN RESOURCE MANAGMENT
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENT INTRODUCTION...........................................................................................................................1 LO 1.................................................................................................................................................1 P1 Current trends and developments that influence HR strategies..............................................1 P2 External and internal factors influencing HR practice and strategy.......................................2 LO2..................................................................................................................................................4 P3. HRM theories affecting growth and developments...............................................................4 LO3..................................................................................................................................................5 P4. Change management model supporting HR..........................................................................5 LO4..................................................................................................................................................6 P5. Monitoring of the HR outcomes:...........................................................................................6 P6. Effective HR management and development for the organization........................................7 CONCLUSION................................................................................................................................8 REFERENCES................................................................................................................................9
INTRODUCTION Strategic human resource management refer to the strategies made by the HRM in the better process of the employees and the human resource in the organization to work better in the retention and management process. The company Corinthia hotel is one of the premium range hotel in the hospitality industry and providing the best services to its premium customer with all the facilities of the hotel industry(Ali,2018). The report will discuss the benefits of the HRM in Tesco for the management in getting the best utilize of the human resource and the ways by which they can get the best of the employee in their organization to work. LO 1 P1 Current trends and developments that influence HR strategies There are a lot of factors which are influencing the strategies which are being used by HR and they haveto be monitored otherwise the organization is not going to have a higher performance level.Corinthia Hotel the best hotel in London and have established a strong base and competitive advantage in the market over time. To make sure that the internal factors not influence the working, it is very essential for the company to be able to maintain the following factors. ï‚·New ways to work HR of the Cronthia hotels have different methods to hire and to fid the best employees from good method and strategies. For odd jobs part-time employees can be hired day time and this is going to be good for the economic factor of the organization as well. Corinthia hotel is having employees on contract base as well for the large events which have to be held and those are difficult for the HR to maintain them (Sareen, 2018). There is a very imbalance functioning which is not good for a long run but the competition in the hospitality industry is increasing which is why the organization will have to maintain this factor effectively. ï‚·Technology The HR of the company are using the best of the latest technologies to make the working bit easier and work smoothly. The attendance and online training is being provided to the employees which is a need factor for the employees in HR to learn and be able to implement
them. This is making the processing and operations of the department slower and is not good for Corinthia hotel. ï‚·Real time performance There are no time consuming meetings which are taking place in the organization due to real time feedback channels. HR has to make sure that the managers are having a good interaction with the employees and feedback's are taken so that any improvement which has to be done can be done effectively which is going to be good for the performance ofCorinthia hotel. There is going to be an improved productivity which would be present in the organization if this measure is taken by the HR of the hotel. ï‚·Employees experience The employees used to work in the old ways they have been using which is why the HR has to have a good strategy for themselves to be able to operate effectively in the market. The employees have to be monitored and trained so that the standards of theCorinthia hotel can be maintained (Zarim and et.al., 2017). The satisfaction level of the employees has to be improved accordingly and make sure that the employees are encouraged enough to be able to invest in the vision which Corinthia hotel holds for themselves. The monitoring of the employees is being done online and that is a new element which has been added in Corinthia hotel which makes the functioning of the organization slower. P2 External and internal factors influencing HR practice and strategy The HR practices and strategies do get affected by the internal and external factors which have to be maintained. The further report is going to discuss the factors which influence. Internal Factors ï‚·Operational strategies There are different strategies to use the lesser staff in situation where they does not required a lot of employees. Corinthia hotel is having a good experience of this field which is why the HR is being able to deal with them effectively and efficiently for maintaining the employees motivated even after the changes take place. ï‚·Financial strategies
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
HR of Corinthia hotel tries to reduce the training factor in the organization so that there is going to be a better functioning and economic factor of the organization is going to be well (Yilmaz and Kitapci, 2017). The training program has to be molded according to the changes which are coming in Corinthia hotel so that the employees have a better sense of direction for themselves. ï‚·Marketing strategies There are new services which are being included in Corinthia hotel because of which there has to be more employees who have to be hired and changes in the working of the permanent staff as well. New services in Corinthia hotel are Swimming pool, gym, spa, etc for the comfort level of the customers. External Factors ï‚·Technological changes There has to be a good networking and that can take place with technological changes so that the Corinthia hotel will be able to operate effectively in the market. There has to be good communication in the hotel so that the changes which are coming in the technological changes can come in easily which is going to be very good for the performance level. New technology makes the working of human resource slower and the efficiency is not going to be present for a long run. ï‚·Market changes It include new technologies of the HR in the market of doing the employment process which also include the portals and new IT software which HR need to adopt in the workplace to increase the working.Market changes include the new techniques and strategies to the company in providing the services to its audience as the competition in the market required a lot of quality and changes to work in the best way in the market situations. Market change also include the ways by which the company can get affected in its market condition and the brand name. Corinthia Hotels work in the best of the markets and accept the changes to work in the new market. ï‚·Social changes. Social changes HR focus is on no gender bias in the workplace and maintaining the perfect balance in the office with all the genders.Social changes include the change of mentality
among the company and the change of taste and trends for the customer can affect the business of the hospitality a lot. Social changes can directly affect as it is one of that change which can change all the market condition according to the trends and preferences. LO2 P3. HRM theories affecting growth and developments. HRM theoriesare those theorieswhich help the HR in maintaining the business management related to all the HR field in the organization, and they way in which the HRM theory helps the company in growth and development. Theories are as follows: - Adam's Equity theory: - Adam's equity model is the model in the HRM management theory which show the importance in the equal rights to every one in the organization. The theory suggests that working in the organization required an equal right in the organization which can help the company work and gets development in the best direction with equality among all. The theory helps the company in getting motivate the employees and the people of the organization(Stokes,2019). The theory is basically built on the belief that it demotivate the job and the employer both are not equal inn relation as their input are greater than the output they get. It affects the organization as the employees get demotivated and it tends to increase the fewer efforts in the workplace and the less in the motivation and increase the demotivation towards the work. It is important for the company Corinthia Hotel to make the employee feel motivated and stay positive towards the work which can improve the working of the company. The company works in the service sector which required best of the employee who stay motivated and work hard as the service industry and hospitality required a huge dedication and motivation by the employee towards the company so that company can grow and gets developed. The inputs are the efforts, loyalty towards the company, hard work, commitment,skills of the employee, ability to do the working,flexibility, tolerance etc. Outputs are the financial rewards, money, salary, praise, reputation, job security etc. Company gets developed & find growth if they employee stay motivated toward the working and for that the Corinthia Hotel need to provide the best output and the equal output to the input the employee add in the organization to make it the best in the market and get the company goals as soon as possible.
Adam's equity model help the company HR in development & the growth as ir is the HR work to make such equal rights and give every person equality so that they stay motivated and work best for the company. HR need to make the best strategy to get the employee feel secure and safe in the organization and make them work for the best in personal and professional goals. HR need to make such deed in the organization related to the employee which provide a legal document to the employee to feel equal and feel safe in the organization so that they work hard to get the best output and also include in the company goals by providing the best in the service to the hospitality industry and help the Corinthia Hotels in growth and development. LO3 P4. Change management model supporting HR. Change management refer to the implementing of the changes within the company and putting new things and applying the new implement in the organization are the management changes which can also change a lot of working in the company and to get and accept the changes the company need to make proper plans and direction by which the change does not affect the business in negative results. Changes in the hospitality are a very common thing as it is important to change according to the situation and trends to get more of the audience in the hotels and increase the business, but the changes also need a proper training and development og the employees and the management and for that HR need to plan a lot of strategies to make sure that they make something which can help the employee and the management in the best direction of the working and apply changes. Lewis's Change Management Model: - It is one of the popular and most accepted model of change in the management with effective results. It helped the company in understanding the best of the structural changes in the industry and company and also the organizational changes. This model is consisted on basic 3 stages which are as follows: - 1.Unfreeze: -Thisstage of the lewis model of the management in the change is the stage of preparation where employers get prepared for the change and are ready to see the organizationmanagementchange.Itisacrucialstageasitrequiredalotof communication within the employees explaining that why the change is applied and how the changes can benefit both the company and personal development of the employer in
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
the organization(Bogićević-Milikić,2019).HR unfreezes the working of the employee before the change start and in Corithia Hotel the HR first unfreeze all the working in all the department and explain the employees about the reason by which they are doing change. 2.Change:-Atthesecondstageofthemodelthechangeintheplanstartsand implemented by the HRM. After explaining that why the change required to the employee the company Corinthia Hotel start the implementing of the change in the company from this stage.HR starts the change in the Hotel and implement the change on the practical terms to make it acceptable from all the employees. 3.Refreeze: - Refreeze stage refer to that stage in which the employee accepts the changes made by the company and gets back in the daily routine working and the change is accepted on the full note with the regular working. Corintia hotels make their employee work in the change in the final stages so that the workflow remains at the best(Lengnick- Hall,2019).HR make sure that the company is working on the changes wit full routine in the hotel in all the departments. LO4 P5. Monitoring of the HR outcomes: Monitoring of the HR outcomes can be told by way the HR works in the organization and provide the best of the Human resource management in the company context. This involves: - Retention Rate: - The monitoring of HR outcomes can be measured by the retention of employees in the organization and the retention rate to be calculated. Retention is one of the major part of the HRM and it is a crucial part of company as it enable the money saving as the expense of the training and development can be saved by retention of the company employees. Hiring new employee cost training and development and retaining old employee helps the working better in the performance as employee is all aware of company norms and situation and how to work best in Corinthia Hotel. IT: - Companies use the best IT solutions to monitor the HR outcomes in the organization which involve all the data of the working the HR did in the company for a particular period of time and the management can calculate the working outcomes of the HR with the IT help in the company.
Monitoring help in finding the HR management issues and conflicts which need to be varified and company can monitor the best of the HR outcomes and take decision regarding the same. KPIs: - It is a way by which the company can get the bes details about the company and gets all the major information which include the working of the HR in recent period and as well as the old data by which they can calculate the best of the outcomes of the HR in the recent period. P6. Effective HR management and development for the organization. HR management in the development and growth to sustainability for the company mean the ways by which the HRM helps the company in getting the best of the human resources and improve the company employees with better employment and other factors such as: - Retention: - It is one of the most important and crucial task for HR and it helps the company in growth & development by providing the retention rate high in the Corinthia Hotel and it can help the company in saving the financial expense of the brand in the training and development of the employees. Retention of the top management help in making the best use of the top management for a longer period and improve the working in the service industry. It is important for the companyingettingthetopmanagementretainedgetimprovementinresultandbetter goals(Colakoglu,2019). Employee job security: - HR maintain the process by which the employee gets the best of the job security among the company and feel secure working in th organizarion, Corinthia Hotels HR wortk in the job security and safety for the employee so that they can work better and can work more hard and improve the performance in the company context. Job security improve the working of the employee in the organization and the hospitality gets more better services. (Boxall,2018). Motivation& development: - Motivation and development of the employee is and duty of the HR to make it sure. HR motivate and develop the employee in the best ways so that the management can utilize the employee in all the circumstances and help the company in getting the result completed. It is important for the Corinthia Hotels that the staff working need to be motivated towards the work and are developed to work in the service industry of the hospitality sector.
Training: - Weather the employee are well-trained or not, it is important for the HR to manage the employee and provide the best of the training to them which can help them in the best utilization in the company and gets the best result by their performance. Corinthia Hotels want their employee to be proper trained so that the sustainable development gets increased(Hu,2016). CONCLUSION The report concludes the importance of the HRM in the industry and provide the best example by which the importance of the human resource can be managed. The report concludes that for growth and development of the Corinthia Hotels the company need the best trained and developed employees in the best deals to mange the financial terms and gets input of the best quality form the employee. It further concludes the importance of HRM in the organization in retention of the employee, development of the employee to keep motivated in the best of the ays to work in the industry(Reade,2019).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and Journals Ali, M., Lei, S. and Wei, X.Y., 2018. The mediating role of the employee relations climate in the relationshipbetweenstrategicHRMandorganizationalperformanceinChinese banks.Journal of Innovation & Knowledge.3(3). pp.115-122. Bogićević-Milikić,B.,2019.Promotinggender-responsivetalentmanagementinpolice organizations through strategic HRM measuring.Strategic Management.24(1). pp.19- 29. Boxall, P., 2018. The development of strategic HRM: Reflections on a 30-year journey.Labour & Industry: a journal of the social and economic relations of work.28(1). pp.21-30. Colakoglu and et.al., 2019. Reviewing creativity and innovation research through the strategic HRM lens. InResearch in personnel and human resources management. Emerald Publishing Limited. Hu, H., Wu, J. and Shi, J., 2016. Strategic HRM and organisational learning in the Chinese private sector during second-pioneering.The International Journal of Human Resource Management.27(16). pp.1813-1832. Lengnick-Hall and et.al., 2019. Something old, something new: Reframing the integration of social capital into strategic HRM research.Academy of Management Perspectives, (ja). Reade, C., McKenna, M. and Oetzel, J., 2019. Unmanaged migration and the role of MNEs in reducing push factors and promoting peace: A strategic HRM perspective.Journal of International Business Policy.2(4). pp.377-396. Sareen,D.,2018.Relationshipbetweenstrategichumanresourcemanagementandjob satisfaction.International Journal of Current Research in Life Sciences.7(03). pp.1229- 1233. Stokes and et.al., 2019. Resilience and the (micro-) dynamics of organizational ambidexterity: implicationsforstrategicHRM.TheInternationalJournalofHumanResource Management.30(8). pp.1287-1322. Yilmaz, Y. and Kitapci, H., 2017. The impact of strategic human resource management on institutionalization process.Business Management Dynamics.7(3). p.26. Zarim, Z.A and et.al., 2017. The role of organisational commitment, leadership style, strategic human resources practices and job satisfaction towards sustainable tourism industry: comparativestudyintheUAEandMalaysia.InLeadership,Innovationand Entrepreneurship as Driving Forces of the Global Economy(pp. 255-268). Springer, Cham.