Business issues and the context of human resource Essay

Exclusively available on Available only on IvyPanda® Made by Human No AI

Human resource strategy is shaped by globalization. In the modern world, not only human resource management is important to ensure a sustainable competition of organization in the market. It calls for a labor market force with a global outlook which entails finding the right people at the right time and giving each person the correct job. Globalization ensures that human resources shift from local management to an international management establishing a global HR platform.

Technological innovations also play a pivot role in influencing HR strategies. Adoption of technology by use of internet and social networks determines how competitive an organization is in the market. It calls for HR information systems to ensure that job seekers and customers have access to an organization’s profile through the Internet.

Management of talent is crucial in addressing the challenges of recruitment and retaining highly capable employees by branding and setting transparent standards which boost morale and awareness improving employee performance.

As such, a HR system should focus on understanding the talents of its work force to ensure competence and quality service. Demographic management in HR also plays a major role in the assessment of the type of employees based on their age, gender and skills. These criteria should be identified to attract a competitive top management team.

HR plays a major role in managing the work force to ensure it is productive and efficient as much as possible by utilizing the available resources, compliance to the law and ensuring that business goals are achieved. It focuses on recruitment reward and disciplinary aspect of its employees.

Many organizations adopt different HR strategies in order to meet their HR goals. One such strategy is the use of SWOT analysis method. This strategy examines the strengths, weaknesses and opportunities to be met by an organization with view of establishing central factors, either internal or external, that are vital in the evaluation of the objectives of organization.

The outcome of a PESTLE analysis makes it possible for an organization to adequately prepare for the emergencies incidental to its operations. This strategy groups key pieces of information according to external factors which include opportunities and strengths presented by the external environment. It then categorizes internal factors to include strengths and weaknesses that are internal to the organization.

The other strategic planning tool in HR is the PESTLE Analysis. It looks at the external business environment that includes political, economical, socio-cultural, technological, legal and environmental aspects. It examines the impact of each factor on the business.

An organization, having used the PESTLE and the SWOT analysis methods, can assess the effectiveness of its strategies by looking into such factors as missed targets, the levels of unmitigated risks, the turnover of leaders and the high potential staff, the level of ROI on the key strategic projects and investments, the levels of customer, employee, suppliers and partners’ satisfaction.

There are various ways in which a company can measure the effectiveness of its strategies. There are equally many ways in which such effectiveness can be communicated by the company. It can hold individual employees accountable for their individual performances. The company can also challenge and facilitate all its workers to perform to the next level in the organization’s management hierarchy. This ensures that well performing employees are rewarded, thus encouraged to improve their output.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2018, November 20). Business issues and the context of human resource. https://ivypanda.com/essays/business-issues-and-the-context-of-human-resource/

Work Cited

"Business issues and the context of human resource." IvyPanda, 20 Nov. 2018, ivypanda.com/essays/business-issues-and-the-context-of-human-resource/.

References

IvyPanda. (2018) 'Business issues and the context of human resource'. 20 November.

References

IvyPanda. 2018. "Business issues and the context of human resource." November 20, 2018. https://ivypanda.com/essays/business-issues-and-the-context-of-human-resource/.

1. IvyPanda. "Business issues and the context of human resource." November 20, 2018. https://ivypanda.com/essays/business-issues-and-the-context-of-human-resource/.


Bibliography


IvyPanda. "Business issues and the context of human resource." November 20, 2018. https://ivypanda.com/essays/business-issues-and-the-context-of-human-resource/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1