Myer Company's HRM: Talent Management, Motivation, and Reward Systems

This report analyzes Human Resources Management (HRM) practices at Myer Company, an Australian department store chain. It focuses on talent management strategies, motivation theories (Maslow, ERG, self-actualization), and HRM programs used to enhance business effectiveness. The report highlights the benefits of recruitment, including reduced costs, enhanced employment brand, increased candidate quality, and reduced employee turnover. It emphasizes the importance of motivation and reward systems in retaining talented employees and improving overall organizational performance. The report concludes by identifying motivational factors and how reward systems, training, development, organizational culture, and motivational theories can be used to promote and motivate employees effectively.