HRM Report: HRM Interventions and Management for Gerard Jones Limited

This report examines the HRM interventions and management strategies employed to address the economic crisis and high unemployment rates in Spain. It analyzes the key issues, including competition from emerging economies, the economic crisis shock, and a lack of practical knowledge and experience among the workforce. The report emphasizes the importance of income generation beyond traditional employment, advocating for entrepreneurial thinking and diverse opportunities. Recommendations include "thinking outside the box," focusing on education for knowledge and not limitations, and being prepared to seize opportunities. The report highlights Spain's success in reversing unemployment through government intervention and a shift in public mindset, transitioning individuals from job seekers to entrepreneurs. The document explores the importance of recreating employment opportunities and expanding knowledge to ensure continued progress and economic stability. The report concludes with a discussion of the critical role of HRM in fostering economic growth and reversing unemployment trends.

HRM Interventions and Management Report for Gerard Jones Limited

Contents
Introduction.................................................................................................................................................2
Key Issues and Recommendations..............................................................................................................2
Issues That Were Facing Spain................................................................................................................2
Competition from Emerging Economy................................................................................................3
Economic Crisis Shock........................................................................................................................3
Lack of Practical Knowledge and Experience.....................................................................................3
Ability To Identify Income Generation Ideas......................................................................................4
Recommendations - Think Outside the Box............................................................................................4
Education Delivers Knowledge Not Limitations.................................................................................4
Think like an Entrepreneur..................................................................................................................5
Be Diverse and Ready To Take Up Opportunities...............................................................................5
Reversing Unemployment in Spain.............................................................................................................6
Recreating Employment..........................................................................................................................6
Expand one's knowledge Well.................................................................................................................6
Conclusion...................................................................................................................................................6
Bibliography................................................................................................................................................8
Introduction

The 21st century has seen a huge increase in the demand for a skilled human resource but at the
same time, some regions continue to experience high unemployment and economic crisis. This
has forced economies to change their strategy towards handing the unemployment crisis which
has been blamed on the weak economy. Companies, managers, and individuals that have retained
autocratic managerial approaches have experienced negative effects in recent years due to them
growing dependent on employment (Hall & Lieberman 2007). This was the situation facing
which has seen a major turnaround on its unemployment rating and began seeing and improving
economic status despite the economic crisis facing the European Union. The main issues related
to the rising unemployment and economic crisis facing Europe has been the inability of many
people to look outside the box and focus on income generation rather than employment. Income
generation should not be limited to employment and individuals should be able to also consider
self-employment and other income generation options as long as they generate income
Key Issues and Recommendations
Spain has been facing serious economic and growth concerns in recent years. This has been
linked to the recession being experienced in Europe, but there have also been some internal
factors influencing the rising unemployment and low economic stature among Spaniards. During
this economic downturn, the Spanish population has been hard hit and this has resulted in
disorientating them from their economic priorities and income generation. Rising inflation and
competitive international economies in Asia and the Middle East have delivered a serious blow
to the Spanish businesses and industry as a whole. While high-quality workmanship comes at a
high cost, emerging nations are now capable of delivering highly competitive terms to customers
at lower costs which are affecting income generation in many European nations (Garrett 2005).
Spain has managed to secure customers looking for unique high-quality products but has also
lost many who are turning to emerging economies who also offer similar facilities. This has had
a direct effect on the nation’s unemployment rates and economic stability which has thrown the
nation in to turmoil since the turn of the millennium. But hardship and proper guidance has also
helped the nation turn its population’s way of thinking and reverse the rising unemployment
rates. Since 2010 Spain has been registering a reducing unemployment rates of around 1% per
annum which is c9onsdered a huge achievement. This has also resulted in kick stating an

unemployment revolution in the region as more countries look at Spain for inspiration on
reversing unemployment.
Issues That Were Facing Spain
In order to understand the success and rebound but unemployment rates being experienced in
Spain a professional survey must be conducted to determine the problem facing the nation. This
requires a close analysis to be conducted on the issues triggering the rise in unemployment rates
in the region so as to understand the sudden reversal being experienced in the region (Sherman &
Meeropol 2015). Today Spain has managed to reduce its unemployment rate from 27%v in 2010
to 21% in 2015 which is a remarkable achievement few nations have managed to achieve. These
are encouraging statistics that can be used to present even more ideas to the unemployed
populations with the goal of eradicating unemployment in Spain and the entire region altogether.
But all too often an initiative is started with the goal set but as the population grown more
confortable they begin relaxing which slows the process. This makes it important to relentlessly
emphasis on the problem and continues educating the public on approaches to uproot
unemployment.
Competition from Emerging Economy
The first factor linked to the economic crisis facing Europe is linked to the intense competition
being presented by emerging economies. Two to three decades ago emerging economies where
synonymous for mass production of low-quality products and this was a strategy many of the
economies used to enter new markets. Quality has always been an important element linked to
any product or services but presenting this during their market entry would result in many
economies resisting the products from emerging markets. But the past decade has seen a sudden
revolution linked to emerging market product and service quality where many match the best
brands on the globe. With the emerging markets already well-established in most nations, many
economies have found their industries facing imminent collapse due to their inability to deliver
the same quality at the low rates offered by the emerging nations. This in term has resulted in
destroying local industries resulting in mass unemployment in many nations.
Economic Crisis Shock
The Economic crisis caused by the rising unemployment and reducing income has also further
helped fuel the crisis with consumers now opting to purchase the cheaper products from

emerging markets. The emerging economies can be identified as important contributors towards
the crisis but at the same time, they have also helped reshuffle the product and service
manufacture and delivery strategies thus helping improve the overall economic status of the
business environment and for the consumer. In Spain, this has taken 4 years which can again be
considered a short period as compared to the projected 6-10 years it would take an economy and
its people to slip out of an unemployment and economic crisis.
Lack of Practical Knowledge and Experience
One of the main issues linked to the sudden rise in unemployment rates in Europe is the recent
focus towards securing employment in one’s field of expertise. Many people have graduated and
hold degrees but are unable to think out of the box and focus on income generation rather than
wait for employment as a source of income. This has resulted in slamming many European
countries like Spain in a devastating economic and unemployment crisis where the majority of
people are waiting for others to offer employment (Özdinç et al. 2013). With manufacturing
crippled by emerging economies, many of the industries are facing serious issues and many are
turning to automation to help reduce manufacturing costs. This has left highly qualified
professionals jobless and unable to generate income to sustain themselves or families. This has
gradually resulted in devastating the nation’s economy which has also slipped into an economic
crisis and requiring urgent intervention.
Ability to Identify Income Generation Ideas
The turnaround in Spain has been the intervention by the government and professionals towards
re-educating the public and skilled professionals to changing their way of thinking. Today most
people in sprains urban cities own a smartphone but many only own the smartphone to share
their moments with their friends. Many are accessing the social media to gossip and a minority
are capable of using the smartphone to its full potential. This is a clear indication linked to how
people have limited their knowledge and unwilling to consider alternative options. The main
objective linked to employment is to generate and income but one should not limit income
generation only from employment. Instead, people need to broaden their way of thinking and
focus more on income generation which is more important. How you generate finances don't
matter and what matters at the end of the day is that you have the money to spend.

Recommendations - Think Outside the Box
The global recession experienced in 2008 helped open Spaniard's eye as they had been
experiencing financial, economic and unemployment issues for many years. During the global
economic crisis in 2008 and 2009, emerging economies like India, China, Brazil and South
Africa were continuing business as if nothing happened. This triggered Spain to reconsidering
the issue and start a campaign to re-educate the public is reversing the problem. Rather than the
only cry over spilled milk, it was not the time to guide willing people to rooting themselves out
of the comic turmoil.
Education Delivers Knowledge Not Limitations
During the campaign, it was observed that a large percentage of skilled professionals in countries
plagued by high employment tend to limit themselves to employment and within their own field
of expertise or qualification. This effectively turns once education from an asset to a liability and
likely to see the professional experiencing serious economic problems in their career. This is
because employment stability cannot be guaranteed in the private sector and the government
sectors only offer a limited number of positions to the highest qualified. Economic turmoil is also
seeing an increased number of business closures in developed economies which are the hardest
hit with regards to unemployment and the economic crisis. To overcome this crisis one must
consider rethinking how they pursue education since one must focus on gaining knowledge and
experience which can be used to assist them to generate income. Presently people pursue
education to secure a good job rather than to help them develop the fundamentals needed to
generate an income.
Think like an Entrepreneur
Change how you look at things and situation and focus on how they can be converted to much-
needed income and finances. What do you see in a smartphone and the social media? Well, I see
a huge array of modes of communication on different platforms on mays smartphone which I can
use to access the social media websites to build an important connection with clients searching
for my skill. Are you an Accountant or HR manager? Well, today companies prefer hiring
freelance professionals on a contract basis to perform their work (Jones 2016). Virtual
employment is the latest trend in the 21st century and many freelancers only work from their
smartphone and laptop which deliver unlimited earning, freedom and self-employment all in one

solution. Change your thinking and always consider the economic benefit linked to everything
you see, even rocks have an economic benefit.
Be Diverse and Ready To Take Up Opportunities
It’s also important to be diverse and prepared to take up opportunities when available. In Spain, a
serious problem linked to this was a financial limitation by many of the people but their way of
thinking had to be changed. First one needs to bring themselves down to their own level and
affordability and only after this can steps be taken. Avoid waiting for an external source to
provide the funding to start your venture if you don’t have money consider you as the first invest
towards the project. Use your knowledge first then turn to gadgets, equipment, and tools around
you. Consult an experienced person and friends who will provide more insight on the subject.
Start small and gradually expand your operations.
Reversing Unemployment in Spain
Spain is proud to classify itself as being among the only countries which have managed to
reverse unemployment in recent years and this too with the economic crisis still looming in
Europe. This has only been achieved thanks to the involvement of the government and senior
officials towards changing how the public thinks and helping them help themselves. Today rather
than the unemployed professionals applying for standard jobs in their respective fields they have
turned to starting their own ventures which specialize in the respective fields and offer their
finished products to the consumer (Bermeo 2001). This has helped effectively convert the
employee to an entrepreneur and business owner who is capable of generating income from the
sale of his or her products or services.
Recreating Employment
The reversal of unemployment rates in Spain has been identified as an impressive move but it’s
important to retain focus so as to boost the trend in future. As the ventures grow larger they will
require expansion and this will see the gradual demand for skilled professionals increasing but
again professionals must not limit themselves to employment. It is more beneficial to remain
open towards harvesting natural resources and skills which can be very important towards
generating income during times when employment is scars. Having an alternative option is very
important as this ensure an individual develops financial and income security which is critical

towards retaining their focus. Focus retention is very important towards economic development
and growth since it ensures an individual retains their focus on the work thus allowing them to
concentrate on expanding their focus and increasing their income sources further thus increasing
stability and income rates.
Expand one's knowledge well
One must continue increasing their skills so as to deliver more income generation opportunities
in different fields. This is critical since they will be effective be changing their income
generation source from employment to freelancing which can be even more volatile if not
managed correctly. Building a strong portfolio with different knowledge and skills is critical
towards the individual’s success as they can turn to a different field if required. This also delivers
different options income sources which result in delivering more stability over the long term
perspective.
Conclusion
Spain has managed to reverse their unemployment rate by 6% over a 5 year period but it’s still
important to remember the unemployment rate is still high and requires reduction. To achieve
this it is vital to ensure continued emphasis is delivered on providing the public with the desired
knowledge and skill which will help them establish their own income generation ventures which
will ultimately help reverse unemployment. In the modern world, one must learn to be versatile
and capable of generating finances on their own since employment continues growing increasing
volatile and unpredictable thus it's critical to master alternatives one can turn to if required.

Bibliography
Bermeo, N 2001, Unemployment in the New Europe, Cambridge University Press, New York.
Garrett, P 2005, A Dynamic Approach to Europe's Unemployment Problem: Policy Report, Centre for
Economic Policy Research.
Hall, R & Lieberman, M 2007, Macroeconomics: Principles and Applications, Cengage Learning, Mason.
Jones, B 2016, Think Like an Entrepreneur, Act Like a CEO, Jaico Publishing House, New Jersey.
Özdinç, H, Güzelsarı, S, O’Donnell, M, Aslan, O, Uğurlu, O, Kesici, M, DURMAZ, O, Tunç, G, Botlík, J &
Botlíková, M 2013, Flexibility , IJOPEC, London.
Sherman, H & Meeropol, M 2015, Principles of Macroeconomics: Activist Vs Austerity Policies,
Routledge, Oxon.