Addressing HRM Challenges: Proposals, Implementation and Impacts
VerifiedAdded on 2022/12/26
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Report
AI Summary
This report provides a comprehensive overview of human resource management (HRM) issues and potential solutions. It begins by defining HRM and its importance, followed by an identification of key HR issues such as ineffective recruitment, lack of training, and communication problems. The report then explores various HRM models, including the Harvard and Guest models, and proposes a compensation strategy model for addressing these issues. The impact of these issues on a firm's productivity and effectiveness is discussed, along with a detailed proposal that includes training and development programs, recruitment and selection strategies, and HR policies. The report also outlines key HR processes and potential challenges and risks associated with implementing these solutions. Finally, it explains how these solutions can be implemented, emphasizing the importance of effective recruitment and selection methods. The report concludes by highlighting the critical role of HRM in attracting, recruiting, selecting, and retaining staff for efficient business operations, referencing relevant academic sources.
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