BSS016-2 Work Placement: Implementing HRM Changes Post-Acquisition

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Added on  2023/06/13

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This report analyzes the role of Human Resource Management (HRM) in implementing changes at Panther Group following its acquisition by AIT in 2020. The report addresses the challenges and opportunities arising from the acquisition, particularly the need to update job descriptions and policies to align with the new company values, including fairness, consistency in pay, and addressing gender and geographical pay gaps. It emphasizes the importance of considering stakeholder perspectives, such as managers, leaders, and investors, in the change implementation process. The report also highlights the significance of adhering to employment legislation, such as the Minimum Wage Act 1998, and adapting workplace practices to ensure ethical conduct and equal opportunities for all employees. The analysis concludes that effective change management in HRM can lead to increased profitability, productivity, and a stronger competitive position for Panther Group in the market.
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WORK PLACEMENT HRM
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Table of Contents.
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
How human resource can implement all changes........................................................................3
CONCLUSION................................................................................................................................5
REFERENCES ...............................................................................................................................6
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INTRODUCTION
Work placement refer to specific period of supervised performance or work, where
individual person have chance to experience working in a particular role within an organization.
It also defined as procedure of assigning different jobs and duties to selective applicants, who
apply for purpose of working in a company. The current assignment will be based on Panther
Group, which falls under the category of leading organizations in the UK. The study will explain
how human resource can implement all the changes in firm, after business acquisition by AIT in
2020.
TASK
How human resource can implement all changes
Acquisition is considered as one of those processes that most of the companies has been
adopted, for purpose of increasing profitability, productivity or achieving strategic aims, which is
quite essential for them to do so (Chen and et.al., 2021). In case of Panther group, business
acquisition by AIT in the 2020, along with benefits may bring challenges as well, in term of
emerging requirement to make possible change in the context of all job descriptions and policies
that may put negative impact on human resource management initiatives and current activities.
This acquisition may drive their attention toward making essential and possible changes that put
positive impact on business success and growth.
Issue of interest-
The process of acquisition play vital role in success of my business as I have taken
organization that has 78 job positions and I will work on changing description. This problem put
a lot of pressure on me to take right action on time, without making any mistake that put direct
impact on my venture progress and success negatively.
Significance to organization-
It is important to placement firm to consider this issue, because of varied reasons. For
example, by considering the challenge or problem of interest, it may take strategic action in term
of implementing new policies according to employment legislation that put positive affect on
business as well as individual candidate success.
Changes implementation-
It is my responsibility to implement each change in appropriate manner, such as current
employment policy related to pay. Within organization, this form of alter may add new value for
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company, which aid to retain new candidates and gain the attention of more, among which each
candidate is highly experience and able to achieve set aims. Human resource teams may take
approach to consider Minimum wage Act 1998, which enable them to make possible changes
and also support to overcome gender pay gap.
Perspectives of stakeholders-
Change is important according to stakeholders perspectives such as manager, leader,
investors, new business partners, etc. It is a key part of venture success and growth that put
positive impact on Panther Group. According to the stakeholders, management may take action
to work in productive and appropriate manner in form of setting positive organizational culture,
where existing and new candidates may work together, without facing or creating issues that
affect in negative manner upon their performance as well as organizational success (Wadell and
Åberg, 2021).
It is important for management to take stakeholders expectations or perspectives into
their consideration, because it may drive their attention and concentration toward taking action to
make change or implement the same in appropriate way.
In the organization, HR manager or management may implement policy related change in
term of considering laws and current regulatory terms, that play important role in the context of
running venture after acquisition. For example, human resource team may change the way the act
or conduct any practice such as workplace ethicity. It is quite essential for them to overcome any
form of gap between current and new employees for example, gender pay, growth chance, etc.
They may conduct practice to alter growth opportunity policy or rule in the workplace in term of
considering individuals needs and then provide each facility accordingly. It can be said that
business acquisition drive the concentration of a company toward possible changes whether
some are internal or external. It is important to consider each and every modification requirement
for companies like Panther Group. It can be said that organizational success is possible when
management may consider each thing, from small or large after any action within sector or in a
firm work area, because it may affect their performance and productivity.
All these changes provide a lot of benefits to company in term of increasing profit
margin, productivity and performance level as human resource management with new change
may retain productive persons who are able to perform according to the expectation of brand in
the market after acquisition (Kawaguchi and Mori, 2021). The change implementation may give
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firm chance to gain competitive benefits in bulk, in several manners. They may give tough
competition to rivals and also allow to generate more revenue than other companies that are
operating in same market and running venture into similar industry with number of candidates.
Furthermore, human resource management can implement change by recognizing and using
other techniques as well, according to which they may act in more prescribe manner, that in turn
contribute to achieve set goals. Their consideration and actions may contribute to implement
change and make firm more successful after acquisition that is important and essential for it. As
it may give firm power to perform with skilled candidates and give them chance to reach
expected or beyond expectations outcomes.
CONCLUSION
From above analysis, it has been concluded that human resource management has gained
a lot of benefits by making possible modification in the context of employment policies and
practices after business acquisition. They have retained skilled and knowledgable candidates in
appropriate manner, that aid to achieved organizational aim and objectives in systematic manner.
Furthermore, from above discussion, it has been identified that by making change related to
organizational culture, management practices and adopting regulatory terms, organization has
acquired new talented candidates. Manager had built wide and strong workforce in the
workplace, by offering equal and fair chances to every one.
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REFERENCES
Book and Journals
Baek, J., Lee, C. and Park, W., 2021. The impact of the minimum wage on the characteristics of
new establishments: Evidence from South Korea. Labour Economics. 72. p.102059.
Chen, N and et.al., 2021. Business acquisition analysis: A case study of Disney-Fox deal.
Advances in Economics, Business and Management Research. 182. pp.231-235.
Kawaguchi, D. and Mori, Y., 2021. Estimating the effects of the minimum wage using the
introduction of indexation. Journal of Economic Behavior & Organization. 184. pp.388-
408.
Park, C. S. and Kaye, B. K., 2021. Public Broadcasting Is Not Much Different: Public and
Commercial Broadcasters’ Coverage of Minimum Wage in South Korea. Journalism
Practice. pp.1-15.
Wadell, O. and Åberg, S., 2021. We are never ever getting back together: Constraints on
business relationship reactivation after bankruptcy-acquisition. Scandinavian Journal of
Management. 37(4). p.101181.
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