Task – 01. Human resource Management in Coca-Cola Compa
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Task – 01 Human resource Management in Coca-Cola Company Human resource management is the process of recruiting, hiring, developing and managing an organization’s employees. HRM is often referred to simply as human resources. Human resource management is the term used to describe formal systems devised for the management of people within an organization. Role of HRM practices are to manage the people within a workplace to achieve the organization’s mission and objectives. There are several functions such as, recruitment and hiring, training and development, employer-employee relations, maintain employee’s benefits in the HRM. Human resource management practices discussed are vital in helping Coca-Cola company to improve behavior in the organization such as flexibility, effective and efficient among staff members which in turn lead to gaining competitive edge through highly motivated employees that a ready to drive the objectives and goals of the company towards success. The Coca Cola Company fits its human resource management approach into the business overall objectives in order to achieve high performance and obtain competitive advantage in the highly competitive beverages industry. Coca-Cola has a business planning director who plans various business activities in order to achieve the company’s objectives. This requires effective human resource management to ensure that all business activities run smoothly according the planned time, budget and other requirements. This ensure utilized efficiently and less cost are incurred in order to achieve a competitive edge in the market through good pricing The practices also help companies gain competitive advantage through use of different strategies. With the practice Coca-Cola Company should be the leading company in 5years time with an improved environment and better working conditions for employees.(WowEssays, 2020)This will motivate them to tailor service to customers according to their taste and preferences. Human resource management referred to as people function management in Coca-Cola Company. One of the strategies of Coca-Cola is able to connect with consumers and enable
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them to meet their needs, lifestyle choices and desires. In order to achieve this, the company utilizes and manages its people strategically to execute effectively everyday(Coca Cola, 2012) HRM Process used by Coca Cola Company Workforce planning HR planning in Coca Cola involves the management employee’s in the company so that the right number of the people with the right knowledge and skills are selected for those right jobs at the right places, time and cost. The stages of HR planning process in the Coca Cola are not well defined, but it generally follows the following stages; First Coca Cola Company examines the information about the current workforce of the company including age and gender, job grades, duration of working hours and productivity rates. Depending on those findings analysis, the company then develops plans to get right people with right type of skills. Future employments plans for the company are analyzed in next step. These plans determine the number of staff that will be required in future. In the next stage company determines the mismatch between the surplus and shortage, the company examines whether the shortage will affect the company’s future success or not. After that company identifies some alternative courses of action. If there is a surplus of staff the company’s options include early retirement, redundancy and retraining, part time working and over time ban. In case of a shortage, the company recruits new staff, redeploys existing staff, uses temporary or freelance staff promoting existing staff or existing staff work overtime. The last stage involves selecting the best alternative from the above alternatives.(Chepkonga, 2021) Recruitment The recruitment and selection process of Coca Cola is a long process that involves more steps. Coca Cola determine qualities of employees which cannot be determine from just interviews. For instance, role plays and situational exercises are used to determine how employees can react to certain situations. Coca Cola also uses group exercises to determine whether the candidate can be able to work effectively in a team. This company advertises their job vacancies in their websites and the media. Human Resource Development As a valued member of Coca Cola Company, the company is committed in supporting developing and growing its employees to achieve their various potentials by enhancing employee performance through learning’s, trainings and career development. At Coca Cola Company a career is considered to be a journey through which employee progress with roles and regulations set within the company, progression not just about getting promotion but building experience and capability. Inside the Coca Cola Company, the progression could be
through building skills and acquaintance within employee’s role that will broadening employee’s chance to the next level. The company operates under combined learning system, coaching, trainings and feedback. Performance management Performance management at Coca Cola Company takes three steps. There are defining the job, appraising the performance and providing feedback. Defining the job involves identifying the duties and work standards of employees.(Tayson & York, 2000)Appraisal interviews are carried out by asking employees and managers specific questions about their performance. Scores of each employee’s performance is recorded against the performance standards of the company. In order to accelerate performance, one of the key action plans that the company pursues is to build on the strengthsof each employee such as reward systems. The performance improvement plan is again monitored and if the results are on the track, the employees are assigned back to their routing duties. Talent management Talent management in Coca Cola is a recipe that defines the company’s course of success. The company holds healthy record of incorporating talent management in its operating system and budgets. Coca Cola’s strategic talent management plan engages the right individuals to do the right duties at the stipulated time through exclusive recruitment processes. The key components of the Coca Cola talent management strategy are in in attracting, selecting, retaining, engaging and developing talent. The attraction of talent at Coca Cola incorporates the focus on the external labor markets.(Campbell, 2014)The company performs both internal and external recruitments. Internal recruitment aims to recognizing the structures and offering job promotions. On the other hand external recruitment involves attracting people from job centers, advertisement, recruitment agencies, manual recruiting and personal recommendations.
Task – 02 HR Strategies and Business Strategies in Google LLC Strategic human resources management is a process of managing human resources that links the workforce with the core strategies, objectives and goals of an organization. It focuses on the following aspects of HR operations. Ensuring practices that foster flexibility and give competitive advantage to the organization Building a cultural fit for the organization Ensuring superior business performance Human resource strategies focus on choices and actions concerning the management of people within the organization. Google LLC is a US multinational technology company with over 60,000 employees in more than 50 countries. It provides online advertising, the Google internet search engine; cloud computing, software and hardware.(Chile, 2022) Google is replacing the 20thcentury subjective decision making approach in HR. Although it calls its approach ‘people analytics’, it can alternatively be called ‘data based decision making’. (Sullivan, 2013) Google has grown famous for its employee friendly work environment and HR policies just as much as for its search engine and other internet products. Being ranked continuously as the best employer requires intense focus on HR management. Google has achieved these thing by every individual employee is given enough space to use his talent and perform at his best in this regard. It has managed to maintain higher transparency. The focus is also on the use of technology to drive employee performance. The focal point of its HR strategy is maximum care and assistance so that employees can work with dedication. The perks Google provides its employees are awesome that media often quotes with appreciation and awe. Apart from job security, the high risk reward ratio at Google guarantees job satisfaction. A well designed training and performance management system ensures everyone receives appropriate
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guidance and support.(Pratap, 2017) Some of the HR strategies used by Google are discussed below. Innovative and employee friendly work culture Innovative work culture drives commitment. Some key facts about its culture are, committed employee driven by a passion for innovation, efficient leadership that empowers and strives to create an environment of trust, recognition and incentive system that encourages performance and innovation, learning environment that ensures continuous learning and growth, top leadership committed to technological innovation and inclusive policies that encourage diversity. Recruitment and staffing at Google Recruiters focus on hiring staff that is highly talented and culturally compatible. The more culturally compatible are the employees, the higher will be the overall productivity of an organization. One of a Google’s recruitment strategies is diversity. Google itself notes, “.There’s no one kind of Googler, so we’re always looking for people who can bring new perspectives and life experience to our teams”. Google has an efficient recruitment system, composed of skilled people. The recruitment team has members in roles like recruiting research analysts, process coordinators, candidate developers, candidate screeners and several others.Google uses the committed expert HR strategy and the loyal soldiers’ strategy in here. Performance management at Google Google cares for equity and believes in providing each Googler with equal growth and development. The rewards for good performance are quite big and there is a downside to being an under-performance. Its payment strategy is based on the pay for the performance scheme. 360 degree feedback is used for performance review and reviewers can be selected from all across the organization. Google’s leaders have taken care of a few important things. There are a person is assigned to a task he is interested in, everyone can learn continuously, challenges are there for everyone and everyone feels being recognized for the contribution.(Pratap, 2017) Training and development at Google Google has created a work environment that fosters continuous learning. Employees get opportunities of continuous learning and growth. Google has special training programs related to presentation skills, content development, management and leadership. Free classes in foreign languages and culture are also providing to Google employees. The group of engineer at Google is paid special attention for its important role. They are provided orientation and training plus mentoring by a special group called engEDU. 120 hours of training and development every year is mandatory for all Google employees. Also there are special reimbursement plans for the Google employees. The Stanford MS program is designed to the needs of engineers needing technical expertise in a specific area. Benefits and perks Perks are a critical part of Google’s HR strategy and designed in a manner to inspire motivation,
collaboration and innovation. Flexible work hours, casual dressing, onsite medical care, pets allowed, free gourmet meals and drinks, onsite gym, generous parental leaves, retirement saving plans are some of perks given by Google. Innovative and employee friendly HR policies Google has an environment focused on inclusion. New products are first released internally and employee suggestions are invited as a part of product development process. Google has managed a smart HR policy aimed to retain its talent pool. Fairness and equity are evident in all aspect of its HR management.(Pratap, 2017) Business strategy is a clear set of plans, actions and goals that outlines how a business will compete in a particular market or markets, within a product or number of products or services. (Wikipedia, 2021)Business strategy, which focuses on choice and actions about how to serve needs of customers. A business strategy is best described as a competitive moves and action that a business uses in order to attract the appropriate customers, improving performance and achieve the organizational goals that have previously established. It provides an outline on how the businesses should be executed to reach the desired goals of the organization. HR strategy is a long-term plan that is created to meet the objectives created by the human resources department and human capital management and development in the organization. Proper HR strategy is said to have on impact on the business strategy. In today’s world, it has been observed that the human resources department has a more concrete, strategic role in companies, and this reflect that HR strategy affects the bottom line. HR strategy can be a part of complete business strategy which says that business strategy and HR strategy plays a significant role while devising one and another.(Ragala, 2019) Some of the business strategies used by Google are discussed below. Product development this strategy involves new products product lines, such when the company introduces new mobile apps. Also Google uses this intensive strategy to grow revenues. The company continues to develop new products, such as cloud services, mobile applications and new pixel devices. Through the product development, Google creates more channels for income generation. This differentiation business strategy supports the company to competitive advantage. Strengthening brand image many underlying factors affect the brand image in the tech industry. Some of the leading factors that can impact brand image and reputation include product quality, innovation, user experience and organizational culture. Google maintains a clear focus on improving its image in the industry. However another strategy is Google’s customer orientation. It is also known the user friendliness of its apps and services.
Focus on customer experience among the various differentiation business strategies that affect the demand for a particular brand’s products and services in the tech industry, one of the most important is customer experience. Focusing on innovation has also enabled Google to provide superior customer experience and grow its user base over the years. Focus on technological innovations Google focus on research and development has continued to grow since most of its growth has mainly been driven by technological innovation. It is among the most innovative tech firms globally and one of the leading spenders on research and development. Diversifications Google’s core source of revenue is digital advertising. The company has also continued to diversify its revenue sources by acquiring new businesses or creating new channels of growth. The company follows the strategy of building or acquiring to grow its user base and diversification.(Pratap, 2017) Market penetration Google primarily relies on market penetration as its intensive growth strategy, especially outside of the United States. The strategic objective is to acquire more customers from the firm’s current market. In the other countries such as China, Google directly competes against other large search engines and online advertising firms. In this strategy, the company continues to strive for a bigger share of the global online advertising market.(Thompson, 2019) Aligning HR with business strategy can boost employee satisfaction and performance, ensure teams are aligned to help the business achieve its strategic objectives and increase their influence and decision making power across the organization.
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Task – 03 Contemporary issues in SHRM(Coca Cola Company) In today’s competitive market there are many changes occurring day by day. Contemporary business environment brings new challenges affecting many aspect of management including one of its critical facts-human resource management. Most frequently mentioned issues of modern human resources management are globalization, economic and legal environment, workforce diversity resulting both globalization and demographic change, technological development, changes in educational background of employees and in their expectations regarding working conditions. These factors directly and indirectly determine human resource management strategies and the possibility of their implementation.(Ebiasuode & Efejukwu, 2022)Therefore strategic human resource management faces countless challenges and issues in day today workforce.The function of strategic human resource management is on the threshold of a major change in its evolution. Globalizationhas a most important implication for strategic human resource management practice in today. Today business is undertaken on a worldwide scale, involving the transfer of cash, technology, managerial knowledge and commodities and services to other nations or across international borders. The world has become smaller because of globalization. The world’s economies more linked.(Ebiasuode & Efejukwu, 2022). When a business expand its operations into other countries, the impact of globalization on human resource management is significant. Companies need to consider a diverse range of practical adjustments to be able to hire, train, retain and support a workforce that’s often spread throughout several countries, which often have several cultural identities. Strategic human resource management must adapt their practices to include cultural difference, foreign regulations and technological developments.Organizations need to deal with a mature workforce and they must attract, integrate and maintain multicultural employment pool, Human rights and business practices to be successful. The shortage between the demand and supply of talent is likely to increase,
notably for high skilled employees and for the next generation of business executives. Global staffing and management of the workforce effectively in diverse culture are the key goals of global human resources. Organization that manages these challenges effectively will find success and improve the lives of human resources throughout the world.(Akter, 2018) Coca-Cola company faced a lot of issues in some countries at it was trying to globalize. Each county have their own unique needs and requirement. Therefore Coca Cola have to satisfy the consumer in each country. Also company has to follow different cultural employee’s management strategies and global regulations in other countries. Company has to development foreign culture and work practices training programs to foreign employees in each country. Due to globalization, new technologies are changing very rapidly and in order to gain competitive advantage, these technologies must be adopted. Coca cola should use new technology for their production and bottling operation to successful in the market. Also company should consider about their globally spread consumer’s cultural differences and geographical factors such as climate changes. Some countries prohibited the use of Coca- Cola products with the assertion that the products are health threating and cheering obesity which are two major concerns for people nowadays. Another major challenge faced by the company was the infiltration of the beverages market by other strong companies such as Pepsi. Diversityis another contemporary issue, face by the organizations. Also diversification in the workplace is considered the most explicit implication of the contemporary issue in strategic human resource management. The concept of diversity in human resource management transcends national boundaries. Diversity can be define as the variety of perspectives, experiences and opinions that arise as race, culture, ethics, gender identity and other characteristics.(R.Lynch, 2002)Culture and ethical diversity should be managed effectively in an organization to achieve efficiency and productivity. Organizations are uniformly faced with issues that are related to diversity that they have to consider in their strategic planning and policymaking.(A.M.Morrison, 1992)These dimensions have differing effects on organizational performance, motivations and interactions of employees in the organization as well as the overall success or failure of the organization. A diversity workforce efforts to company has a built a diversified workforce that includes many different types of people. Coca Cola had the privilege to work with diverse team from their 29 countries. Different countries have different cultures. For that reason Coca Cola has to ensure that in every country that is operates, its culture must be strategically planned accordingly when designing the structure of the company. Also difference must be accepted in order for Coca Cola to be success. When the company works with the diversified employees, company must be success in minimizing the lawsuits and conflict among workers. A well education about the diversity should give to the employees from diversity programs, it helps to understand and deal with diversity related issues in the organization. Also Coca Cola has to contribute the equality within the workers. Each cultural employees and customers have different expectations and needs. Therefore helping employee embrace diversity is important in the workplace. In addition,
company has to developing open and accurate communication networks to manage different languages issues. Coca Cola should ensure a supportive workplace with equality for all diversified people. Technologyis another important impact of making issues for the organizations. Human resource department is responsible for managing the organization’s strategies and people according to the technical changes. As technology advance, technical changes require nimble adaption and retooling. An organization’s workforce has to keep up or the company risks being left behind as tech-savvy competitors move it. The SHRM have an important role in helping employees keep pace with technical changes.(Bradley, 2022)With the technical changes organization face issues include overcoming employee resistance, maintain skilled workers, providing cutting-edge training and ensuring information security. As with any technologically changes in the workplace may result in anxiety and even resistance among employees. Technical changes can be seen especially as threats by employees who envision that their roles within the company will be replaced by a machine or computer that can do the job cheaper or faster. Technical issues faced by strategic human resource management include finding and keeping workers who are adept at using new technology. Company must train their current employees to keep up with technical changes and they must motivate and encourage employees. Also human recourse management should use strategies such as education programs, training day, conference and seminars to keep employee’s skills fresh. Another issues faced by business is ensuring the security of business confidential information when employee use new technological communication methods. There are changes in the society which affect the organizations; human resource management must monitor closely to be able to position their workforce for necessary change. With the ongoing changes in human resource management, it’s important that managers, executives and HR employees to be aware of the challenges faced by the today’s SHRM team. To cope in this market, human resources management must need to play a strategic role to sustain in this market and to achieve the organizational goals. Effective human resource management will enable employees to contribute effectively and productively to the overall company directions and the accomplishment of the organization’s goals and objectives.
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