Implement an effective exit strategy

Assignment Help HR Management
Reference no: EM13318267

1. Abstract

This paper examines the role of human resource (HR) professionals to the different types of organisation. The different roles very much depend on the requirement and demands of the organizations. Despite HR professionals' commitment and dedication to achieving organizational change, many in-house HR professional have simply got the wrong idea about their true role.

They often believe it is to take responsibility for change, rather than facilitate it. The need for a champion of change is now well established and rarely disputed, but the HR profession can seldom take this mantle, except in the sense of drawing attention to organizational needs and suggesting ways of meeting them.

Review of the literature also shows takes into account on what moves and motivates the employees. In this paper, I have also given several example on how Google Inc. managed to reach its' success through being an exemplary Flexible High Performance organisation.

2 Introduction

3.1 Review of the Literature - Collins (C3 Beardwell 2010)

3.1.1 Strategic Human Resource (HR) Roles 

Traditionally, the human resource function has been viewed as primarily administrative, focusing on the level of the individual employee, the individual job, and the individual practice (Becker et. al, 2001).

Ulrich (1997) states that HR can help deliver organizational excellence by means of four methods. First method, HR should work hand in hand with the management of the firm in helping with strategy execution. Secondly, HR should contribute their 'know-hows' in the efficient and effective performance of work so that costs are cut and quality is maintained. Thirdly, HR should represent the concerns of the employees to senior management as well as working with employees to increase and ensure their ability to contribute to the organization through their competence and commitment.

Finally, HR professionals should continually contribute to the process of change and help improve the organization's capacity to do so (Ulrich, 1997). 

Therefore, four four ways HR professionals can contribute are as follows:

a) The Role of Strategic Partner

b) The Role of Administrative Expert

c) The Role of Employee Champion

d) The Role of Change Agent

3.2 The role of the Human Resource Department:

A. In the International Organisation

One of the key departments in an International Organisation is the Human Resource Department. Thus, it is important to have an efficient Human Resource Department to assure that the needs of personnel from different backgrounds will be addressed accordingly.

Personally, having worked for an International Organisation which is Costa Cruises (Singapore branch), one of the leading leisure cruise liner in the world, I understand the significance of the Human Resource Department, especially the Director, in ensuring that the personnel hired meets the criteria and the objective of the company which is to create brand awareness in the Asean region as well as to increase the revenue of the company. On the other hand, since employees are also assets of the company, the above mentioned department have to ensure that the employees are satisfied with the working conditions and are pleased to be part of the organization. These are some of my perspective of the roles of the Human Resource Department in an International Organisation. This is further in line by what have been proposed by Ulrich (1998) that HR professional should become more proactive and strategic business partners through becoming an 'employee champion' which is to make sure that the employee feels committed and to contribute fully.

From an academic point of view as mentioned in Collins (C3 Beardwell 2010), Taylor (1996) defined the International Human Resource Management (HRM) as the set of distinct activities, functions and processes that are directed at attracting, developing and maintaining an MNC's human resources. It is thus the aggregate of the various HRM systems used to manage people in the MNC, both at home and overseas.

This further brings narrow us down to the specific role of the HR Department in the International Organisation.

According to the studies conducted by Tregaskiset. al (2005) which studies the function of international HR network within 13 international organisations, it has been proven that the seven core functions of the HR Department is to;

  • develop global policies;
  • implement global HR policy;
  • create and share best practices;
  • exploitation of the distributed HR expertise;
  • creating of buy-in to policy initiatives;
  • sharing of information
  • socialisation of the HR community.

B.  In a Flexible High Performance organisation.

The definition of high performance work organizations (HIPO) varies from a person's perspective to another. The lack of broad understanding of this concept has made it difficult for a Human Resource Department to have a standard protocol of their specific roles. 

The closest definition of a high performance workforce is that it is made of productive employees that have the necessary skills and motivation to contribute to the growth of the business. In the words of Ulrich, and Smallwood (2005), the human resources function should ultimately strive to improve return to the shareholders and customers by contributing to the intangibles such as a high performance workforce.

Therefore, the core task of the HR Department in a Flexible High Performance Organisation is to;

b.1  Attract and identify talent.

HR's role is to ensure that the right people are placed in the right department within the company. This will assist the employers' to leverage on the employees best strength and so that the employees understand and truly feel they are valued contributors.

b. 2 Cultivate talent into the workforce.

As mentioned by Lawrence, the integration of talent effectively is crucial. The talent could be an existing employee within the organization or newly-hired., HR seeks to assure employees that the company will strive to meet their needs while employees actively work to excel in their jobs. If this role is done correctly, the company's culture will take on a positive tone from beginning of an employee's tenure.

One of the company's with a remarkable corporate culture from a flexible high performance organisations have been identified as Google Inc. This is why in most occasions; the corporate culture of the company is a secret weapon. Google's HR Department have succeeded creating a corporate culture in which employees want to do well and want to excel. Google have identified practices which are consistent with human nature and thus, bringing out the best out of its employees.

b.3 Develop and assess talent

b.4 Develop rewards and incentives to increase retention

Business leaders need to encourage their teams by providing genuine and regular recognition. Build in new goals once existing goals are close to being achieved, provide new challenge and competition, and introduce tangible rewards for milestones.

Personally, I have been fortunate enough to be invited in one of the seminar sessions held by Google in their Asia Headquarters based in Singapore. What I have experienced first-hand was that, true to what have been raved about - Google Inc. provides their staffs with benefits such as free breakfast and lunch, the availability of sleeping pods, resting areas, amongst many others. I also had the opportunity to get some insights from a staff of Google who shared with me Google practices open culture often associated with, in which everyone is a hands-on contributor and feels comfortable sharing ideas and opinions.

Google is now NASDAQ-listed global company with 54,000 employees. It made US$ 50.18 bln in 2014, and has proven that it's people are Google's best asset. Therefore, this shows that rewards and investments contribute to employees' satisfaction.

b.5 Implement an effective exit strategy.   

3.3 Consider the role of HR Department: Facilitator of Organiser

The objective of this consideration to be made is to look at the strategic role-played by the HR Department. The emergences of HRM as well as the emphasis of HR Department's contribution have been regarded as the opportunity to improve the power and status of the HR function by many practitioners.

Implement an effective exit strategy. While this role can sometimes be a challenge, especially in the context of stewardship and preserving (or improving) a company's profile, the best HR departments are good at both identifying the best talent, and also making the tough calls on marginal contributors. Of course, there is a continuum here:

from aggressive "top grading," in which the best employees are handsomely rewarded and weak players managed out, to being endlessly patient and forgiving of poor contribution. The ideal strategy lies somewhere in between, where, guided by HR, a company establishes and abides by employee performance standards and measurements and then commits to making decisions based on them.

The desired outcome for all of these HR core processes is to create a positive, engaging company culture. To do their jobs consistently and effectively, HR professionals use several human capital metrics to do their work: they monitor attrition and retention rates, levels of employee engagement, and industry-specific salary and benefits packages. The also measure the intangibles. For example, is the company parking lot deserted at 5 p.m.? Or, are there still cars there at 8 p.m., a reflection that your associates are giving you greater discretionary effort?

Do employees seem happy, and do they say so? Do employees strive toward what Jim Collins calls "Level 5 leadership," where ego takes a back seat to company goals? 

While there is no single measure within HR that conclusively points to the existence of a positive or negative company culture, HR professionals must rely on and analyze several indicators before making decisions related to their roles as company stewards.

Reference no: EM13318267

Questions Cloud

Determine what will be the total settlement of a laboratory : The settlement of a laboratory 10-cm thick consolidation specimen is 5 mm in 1 hour with a coefficient of consolidation of 0.005cm2/s. What will be the total settlement
Find the maximum voltage that can be applied to capacitor : a TeflonTM-filled parallel-plate capacitor having a plate area of 200 cm2 and insulation thickness of 0.0400 mm, find the maximum voltage that can be applied to this capacitor
What is the speed of the proton at given point : An electron is moving east in a uniform electric field of 1.53N/C directed to the west. What is the speed of the proton at point B
Explain the reaction rate constant (k) for the waste : The initial DO of the mix is 9.0 mg/L. After 5 days, the DO is 4.0 mg/L. After a long period of time, the DO is 2.0 mg/L, and it no longer seems to be dropping. Assume nitrification has been inhibited so the only BOD being measured is carbonaceous..
Implement an effective exit strategy : Implement an effective exit strategy. While this role can sometimes be a challenge, especially in the context of stewardship and preserving (or improving) a company's profile, the best HR departments are good at both identifying the best talent, a..
How far in front of the lens should the object be placed : An object is 15 cm in front of a diverging lens that has a focal length of -8.7 cm. How far in front of the lens should the object be placed
Find the speed of sound from the gas properties : Compare the speed of sound following from that slope to the calculated speed of sound from the gas properties
Select best rectangular hss for column to support a device : Select the best rectangular HSS for a column to support a service dead load of 30 kips and a service live load of 90 kips. The member is 22 feet long and is pinned at the ends.
Explain what is the effect on the cell emf : A voltaic cell operating under standard conditions (1.0 M ion concentrations) utilizes the following reaction: 3 Pb(s) + 2 Co3+(aq) 3 Pb2+(aq) + 2 Co(s) What is the effect on the cell emf of each of the following changes

Reviews

Write a Review

HR Management Questions & Answers

  What ethical dilemmas does this issue pose

What ethical dilemmas does this issue pose and As a leader in a health care or human service organization, how would you respond to this issue?

  Describe what are the limitations of activity-based costing

What are the limitations of activity-based costing and Differentiate between variable costing and absorption costing.

  Problem of ethnic discrimination in the workplace

Diversity : key informaiton - Have affirmative action programs alleviated the problem of ethnic discrimination in the workplace

  How can international marketing benefit domestic countries

Assuming you were setting up a market program for a product in a foreign country, what should you consider? How can international marketing benefit domestic countries?

  Dealing with changes in scope

Explain a time when the scope changed significantly for a project in which you were involved. What other aspects of the project were affected by the scope changes?

  Prepare a sample leave policy

Prepare a sample Leave Policy to be presented to the company owner. Be sure the policy covers the key components of a comprehensive leave policy

  Write a short description on margin call

What did you learn from this movie about Human Resource Management and How does this movie relate to Human Resource Management?

  The stress survey

The following questionnaire is designed to provide you with an indication of the extent to which various individual level stressors are sources of stress to you.

  Discussing role and nature of organizational risk management

Discussing the role and nature of organizational risk management in justice and security organizations and why it is important.

  Effect the organization external competitiveness

Provide the different levels of pay and total rewards, how may an organization create a sense of internal equity and Does the extensive use of contingent workers effect the organization external competitiveness as it relates to attracting top level ..

  Describe a change you would implement in your organization

Explain a change you would implement in your organization and address the seven areas below and Have a good reason for change

  Why do firms form internal labor market

Describe the following qutation: "My employer doesn't determine my salary; he determines where I work. and In the basic competitive model, why do employees pay for general training and firms pay for specific training

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd