Bus301 Human Resource Management : Assessment Answers

Answer:

Human resource management is an integral function of an organization. The performance of a business organization is correlated with the performance of the employees. Therefore, in large manufacturing organizations, the role of human resource management is critical. Effective human resource practices are essential in the performance of the bottom line employees of the organization. The primary role of the human resource management can be categorized as compensation management, recruitment and maintaining the employer and the labour relations.

In order to fulfil these responsibilities, the human resource management of the organization perform the duties of job analysis, performance appraisal, reward systems and employee development and training.  In the recruitment of the candidates, the HR (Human Resource) manager has the key responsibility to conduct the job analysis of the profile. The HR manager needs to examine and define the job responsibilities and the skills required from the candidature. In the job analysis, the HR manager needs to determine the wages of the employees and the training required for the better job-fit. The performance appraisal is an on-going process which refers to the feedback regarding the positive and the negative aspect of the employees. The precise evaluation of the employee’s performance is necessary for the determination of salary hikes, promotion and elimination of the employees. The HR manager also handles the rewards policy of the organization. It is the fundamental part of the duty as reward system motivates the employees to perform better and achieve organization’s goals.

The present business world is dynamic and regularly new changes are introduced in the market. It is important that the employees are aware of the latest developments and the skills in the industry. In this regard, it is the responsibility for the human resource manager to identify and develop training programs which can benefit both.

Another important duty of the human resource management is to analyse the factors which can impact on the productivity and the profitability of the organization. The human resource manager also needs to develop strategies so that the negative impact of these factors can be mitigated. The major issues which can impact on the human resource of the organization are the social factors, economic factors and technological factors.

The social factors refer to the agitation in the labour market. Time and again, the manufacturing companies have faced strikes and agitation from the labour resources. The report has highlighted the fact human resource management of the Edward Williams was poor. The human resource strategies and tools used by the organization are out-dated and cannot be used by the organization.  The cost of living is another major factor which can influence the mobility of the workers and; therefore, it can impact negatively on other people.

The economic factors refer to the increment in the production cost which will raise the price of the products. As Ellard William is a manufacturing firm, the energy cost such as the fuel cost or the cost of electricity will increase which will increase the overall production cost. It will reduce the profit ration of the company. Other than that, due to the huge market potential of the US market, a large number of manufacturing companies are likely to enter. It will increase the competition in the market and eat the existing market share of the company.

There have been several technological advancements which can increase the efficiency and decrease the production cost of the company. However, the configuration of the new production technologies can be huge cost to the company.  Ellard Williams can implement the reforms in stages in order to reduce the financial impact of changes. In the technological infrastructure changes, the company should make efforts to embracing machines which consume less energy. Although the initial cost of the set-up is high, the companies will get benefits in the long run as efficient machines will cut cost on labour and energy consumption.

The report has suggested various recommendations in order to mitigate the impact of social, economic and technological factors. It has been recommended in the report that the human resource department of the organization should carry out annual review regarding the employment terms and conditions of other reputable companies. The firms should also be willing to implement reforms to reduce the number of labour agitations. The vital components of the research are work load, performance, promotion, employee recognition and  the disciplinary process. With sufficient information, Ellard Williams can make several changes in the employee remuneration to increase their motivation and productivity. In regard to the economic factors, the report has recommended that the company should examine its production line so that the production cost can be reduced as much as possible. The company should also invest in examining the alternatives to the raw materials so that there the production cost can be lowered without any compromise to the quality. The company can also explore other form of renewable energy resources such as solar energy in order to reduce the production cost.

The labour unions have major impact on the business operations of  the organization. There are several reasons which results in conflicts between the labour and management such as lay off of the employees. The company can implement effective  strategies to promote cordial relationship between the labour and management. The company can implement a number of strategies to motivate the employees. In compensation, the companies can use a number of strategies other than the monetary rewards such as flexible timings and work-life balance. The company faces serious challenges in  the recruitment and staffing of new candidates. The company can recruit best talent in the organization by following several strategies such as conducting job analysis before publishing vacancy. The company should also identify the communication mediums which have large customer outreach and use interview to select candidates with good interpersonal skills in the organization.