Human Resource Management Perspectives Report: MBS 555, Murdoch Uni

This report, likely for a Human Resource Management course (MBS 555 at Murdoch University), examines the critical role of HRM in organizational success. It highlights HRM's functions in managing employee-related issues such as compensation, performance, and motivation, and its impact on company objectives. The report emphasizes the importance of adapting to external forces, like competitor strategies, and internal factors to enhance employee satisfaction and productivity. Furthermore, it advocates for integrating technologies like Machine Learning and Artificial Intelligence to streamline HRM processes, reduce workload, and improve efficiency. The report includes a summary in the form of a conversation between an HRM executive and a department head, illustrating the practical application of these concepts, and references relevant academic sources.

ADVANCED HUMAN RESOURCE PERPECTIVES
TRANSCRIPT
STUDENT DETAILS

HUMAN RESOURCE 1
Importance of HRM
 Human Resource Management manages issues identified with pay, execution the executives,
association advancement, security, health, benefits, representative inspiration, preparing and
others (Valle, 2019).
 HRM assumes a key job in overseeing individuals and the working environment culture and
condition. On the off chance that powerful, it can contribute enormously to the company
heading and the achievement of its objectives and destinations (Hauff, 2019).
 HRM helps the company to evaluate the internal as well as external forces that can impact
their workforce. For example: when any competitor makes strategies to appoint the
employees of other companies, then HRM helps the management to change their employees
strategies to deliver more satisfaction environment for the employees in an effective and
efficient way (Valle, 2019).
 HRM department also helps the company to adopt various motivational parameters to
enhance the motivation level of the employees. As every organization have to alter their
policies to motivate their employees because a motivate workforce produces productivity
results. Motivated workforce unleashes their true potential and conduct the work on the
optimum level. All this has been done with the efforts of the HRM (Hauff, 2019).
 HRM's process to lower down the extra workload. In today’s era an organization should begin
to implement technologies like Machine Learning and Artificial Intelligence in the HRM
process so that it will reduce the workload and employees will get more time to make various
implementation plans to achieve this and other goals of the company (Valle, 2019).
Summary
HRM executive: Hello, Mr. Coy.
Charles Coy (Department head of Human Resource): Hello dear.
HRM executive: Me and my team heard about the new strategy of the bank that describes that the
management is ensuring for providing extraordinary customer experience to our customers in every
aspect including from direct banking to digital banking system (theabcbank.com, 2020).
Charles: Yeah, that’s great, you and your team are aware of the management's decision. We require
immense support to achieve this goal from the HRM department.
HRM executive: I know. I understand that HRM functions are important for the success of this
strategy as well as for the success of the entire business. Human Resource Management manages
issues identified with pay, execution the executives, association advancement, security, health,
benefits, representative inspiration, preparing and others (Hauff, 2019). HRM assumes a key job in

HUMAN RESOURCE 2
overseeing individuals and the working environment culture and condition. On the off chance that
powerful, it can contribute enormously to the company heading and the achievement of its objectives
and destinations (Valle, 2019).
HRM executive (continuous): Here, the management's strategy of extraordinary customer experience
incorporates that our employees perform better on the bank’s floor and they give more time and effort
to the customers in an effective and efficient way. I would like to suggests that the management
should incorporate the norms of next-generation technology in the HRM's process to lower down the
extra workload. The Bank should begin to implement technologies like Machine Learning and
Artificial Intelligence in the HRM process so that it will reduce our workload and we will get more
time to make various implementation plans to achieve this and other goals of the bank (Burney,
2020).
Charles: Thank You! For putting the light on this material. I will discuss the same with the board
members. I appreciate your efforts.
HRM executive: Your Welcome Mr. Coy.

HUMAN RESOURCE 3
References
Burney. H. (2020). My Disastrous Interview with ‘ABC Bank’ As An International Student Influences
How I Hire Today. Retrieved from: https://medium.com/the-post-grad-survival-guide/my-
disastrous-interview-with-abc-bank-as-an-international-student-influences-how-i-hire-today-
64c1512e7f9a
Hauff, S. (2019). Analytical strategies in HRM systems research: a comparative analysis and some
recommendations. The International Journal of Human Resource Management, 1(1), 1-30.
Theabcbank.com. (2020). Welcome to American Bank of Commerce. Retrieved from:
https://www.theabcbank.com/
Valle, R. (2019). Sustainable HRM strategies and employment relationships as drivers of the triple
bottom line. Human Resource Management Review, 1(1), 100-116.