Evaluate hrm theory and model in relation to economic driver

Assignment Help Business Management
Reference no: EM131370286

Assignment

For this assessment you will take the role of a HR manager, taking part in an internal evaluation of your international organisation's human resource strategy and as a result produce a recommendations report for the HR Director. Please select an appropriate MNC of your choice. Your audit is from an 'HR' perspective as it is likely that the business will establish a joint venture in the new market which will require some staff to be recruited locally and also the relocation of some expatriate staff from within your organisation to manage the new venture alongside those of your joint venture partner. Evaluating an International Human Resource Strategy Your report should highlight the HR functions as listed below

Your report will highlight the following HR functions:

1. Recruitment and selection

2. Training and development

3. Reward management

4. Performance Management

5. Employee Involvement

In addition the report should include:

The purpose of the report

- a brief overview of the selected sector for the last five years its developments and challenges & future needs:

-text citations, bibliography & appendices.

This assignment will assess all the learning outcomes for this module. To help you address each learning outcome a brief explanation of what your tutors will look for in your assignment accompanies each learning outcome below:

Your data response should include an analysis, using both qualitative and quantitative data, of the following:

• Key economic drivers in the host country
• A comparative analysis of HR systems globally
• Organisational issues that influence the development and implementation of HRM strategy
• Parent country issues that influence the development and implementation of HRM strategy
• Cultural issues that influence the development and implementation of HRM strategy (Cross cultural training for Expatriate and the social aspect of the host country in the pestle analysis)

Please use the following structure as a guide to the content your tutor(s) will expect to see in your assignment based on the learning outcomes being assessed.

Indicative content

These elements to this assignment as follows:

Executive summary - provide a brief outline of the purpose of the assignment.

Introduction: a brief overview of the selected sector for the last five years its developments and challenges & future needs: such as Globalisation, recession, advanced technologies consumer behaviour had an impact on the economy in the last five years then relate it to the industry selected.

L01: Critically evaluate the international business environment in the host country (-------). You are required to present an analysis (max 600 words) using one of these models (1) PESTLE Analysis, (2) Porter's Five forces or (3) Value Chain Analysis which will incorporate a brief overview of your chosen sector within the last five years of the sector selected. In addition a company profile of the selected company.

For this learning outcome we are asking you to provide a brief company profile of your selected company. The company can be located in any part of the world but it should be a multinational company, the purpose is to use the company as a business model for discussion. By examining the company's profile, its aims, goals, international intentions you will be able to make a link between the HRM strategy & the overall business strategy. Establishing this link will help to identify gaps in actual employee performance over expected performance which will enable you to make your recommendations later in your report.

L.02 Evaluate the main HRM theories and models in relation to economic drivers

For this learning outcome we want you to explain the recruitment process within the company selected. You will not have access to detailed information here but by examining the company's website including its "about us pages" "recruitment/vacancies" pages, its annual report & any other publicly available documents you should be able to gather sufficient information to identify what method of recruitment & selection the company uses ie online applications, handwritten cover letters, CV format, aptitude testing, etc. Gathering this research will help you to provide a brief explanation of its recruitment, training, reward & participation practices & strategies.

You can gain yet more information from reading any job descriptions and remuneration packages it might advertise either on its website or through recruitment agencies. When you have completed your research of the company's recruitment process you will be able to analyse the information using HRM theories & models. Selection methods must be explained using model (Rodger's seven point plan (1952) or Fraser's fivefold grading (1954).Models available in Beardwell & Claydon, page 169

L3 Evaluate the effectiveness of HRM strategies in achieving the goals of employee commitment, flexibility, quality and strategic integration and the reward system management.

Drawing all the main issues and points above you will be able to present a summary of your conclusions and recommendations

L4 Analyse the differences in approach to HRM Globally and outline possible reasons for such differences.

In this learning outcome we want you to build on your research and discuss the importance of training, what types of training are available (in-house, off job training for cultural reason etc). Highlight the importance of development frameworks in the organisation selected etc. By analysing training & development strategies it should be possible to identify global differences in approaches to HRM.

L5 Critically evaluate the theory and evidence about the relationship between HRM and organisational performance

In this learning outcome we want you to focus specifically on the theory of employee participation, explain the importance of such activities in the workplace. Your analysis can then be focused specifically on the organisation for recommendation purposes

L6 Analyse the organisational, national and cultural specific issues that influence the development and implementation of HRM strategy

In this learning outcome, again building on your research, we want you to analyse the theory of reward systems the implications and the concept of performance management, including performance appraisal frameworks for the individual performance, why we need to measure individual performance and outline the reasons. Your analysis can then be focused specifically on the organisation for recommendation purposes. Moreover we are expecting that you address these characteristics:

Analyse the organisational, national and cultural specific issues that influence the development and implementation of HRM strategy:

• National: (Host country) With a focus on a polycentric approach, identify organisational issues that influence the development and implementation of HRM strategies in the host country (------). (i.e what is the general mindset and working practices in the (selected sector) and how will this impact the need to recruit local staff to undertake the required roles.

• Organisational: (Parent company) Analyse the HR duties and responsibilities of the parent company to provide appropriate expatriate welfare i.e. (1) a responsibility for the expatriate well-being, (2) provision of incentive packages for expatriates going to the host country (3) providing cultural training to familiarise the expatriate with the language & cultural norms of the host country to support the implementation of appropriate standardised training of locals.

• Cultural: Combine your analysis of the parent company & host country cultural dimensions model or to identify what working practices and mindset barriers might the parent company face in terms of recruiting and training local staff on new technologies, etc to establish an appropriate standard of work to match the parent company's expectations.(Cross cultural training for Expatriate and the social aspect of the host country in the pestle analysis)

L7 Demonstrate the management skills required in international business to successfully engage and win support from employees at the workplace

Here we are looking to evaluate your critical writing, research skills & ability to present a coherent set of recommendations based on well researched HRM global theories & models.

On reading this briefing & learning outcomes interpretation it may seem a daunting task but if you approach your assignment in a structured manner and apply strong research and analytical skills you will be able to address all elements of the assignment with ease. Remember to use the core text book and relevant research material within the e-library.

Reference no: EM131370286

Questions Cloud

Identify stakeholders and plan : Q1. Identify stakeholders and plan how manufacturing or service processes use value stream mapping. What is the benefit and why do companies do it? How would a company measure improvements?
Create an initial erd for the new system : Begin by reviewing the DFDs that you prepared in Chapter 5 and the object models that you created in Chapter 6.
Operations management and project management : How does a firm integrate principles of both operations management and project management to create customer value? Find and cite examples.
What would be recommendation regarding use of plastic bags : GS 104:In a 1-2 page paper, using APA-style formatting, discuss three things you learned from the slide presentation on plastic bags? If you were given the opportunity to address the public-at-large, what would be your recommendation regarding the..
Evaluate hrm theory and model in relation to economic driver : Evaluate the main HRM theories and models in relation to economic drivers. Demonstrate the management skills required in international business to successfully engage and win support from employees at the workplace.
Assignment on american disabilities act : The University of Nebraska Medical Center-Omaha hired you as a diversity management consultant. The vice president for center operations wants to highlight the medical center's reputation for excellence in accommodating individuals with physical d..
Thinking about the role of the individual : Analyze what you believe are the root causes of poverty by thinking about the role of the individual as well as the role of society.
How do you think agesim affects older adults : What is one example of Agesim that you have witnessed in healthcare? How do you think agesim affects older adults? What do you think nurses can do to stop agesim in healthcare settings?
Write a brief memo describing the firm and its services : Perform research on the Internet to learn about trends in wireless networking, and typical costs involved in the installation of a wireless LAN.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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