HUMAN RESOURCE (HR) Assignment Example | Topics and Well Written Essays - 1500 words

HUMAN RESOURCE (HR) - Assignment Example Performance management on the other hand covers the strategies put in place by companies to evaluate the performance of their employees. It is important to note that regular evaluation of employees is a vital strategy that ensures any deviation from the company policies is noted and the necessary steps undertaken. This paper critically analyzes the role of strategic management approach to human resource management as well as performance management. Strategic management approach to human resource management According to Armstrong and Long (1994) universal access concentrates on the best practices directed on the main four objectives of the management policies that should be met so as to get the expected organizational result.Similarly,universalistic approach assumes that there exist some best management practices which if put into practice will result to the best performance by the organization. Bannister and Bennett (1995) further argues that first the manager must conduct a personne l selection based on a test so as to determine their potential to have positive contribution to an organization. Further they argue that recognition of training to be an activity that is continuous is another strategic role to human resource management. ... made a formulation which includes low-cost leadership in which his aim was to increase organizations share in the market by embracing the lowest cost per unit and price in comparison to the competitors.On the other hand, differentiation strategy stipulates that managers show a discrepancy in their products and services in relation to those of their competitors found in the industry. This makes it possible for customers to be willing to pay an extra coin. Deery and Walsh (1990) supported the four models relating to strategic orientation. Defenders according to him are companies which have a product line that is limited and where the management strives to improve the existing operations efficiency. Prospectus have considerably product lines that are broad and their main focus is innovation of products and opportunities in market.Analysers operate under markets that has two unrelated products, one stable while the other is variable. In this case, senior managers put emphasis on efficien cy in areas that are stable and innovation in variable areas.Finally; reactors are those companies which do not have consistent structure, culture and strategy relationship. In this orientation, responses from senior management to changes in the environment and pressures seem to be strategic adjustments that are piecemeal. The role of strategic management approach to human resource management as stipulated by Moore business school is initiating mentoring programme aimed at making new employees be at into par with the rest relating to policies or any project in progress. A company must assess, coach or train employees to help them work better. Companies that invest in their employees produce high quality products. Strategic human resource management makes the work of the manager to be

Labor Supply and Demand Scenario Essay Example | Topics and Well Written Essays - 500 words

Labor Supply and Demand Scenario - Essay Example The latter sector constituted by men and women without reference to age and educational attainment, as long as they possess high quality of English proficiency and/or other foreign languages, depending on the destination countries. This happens due to the decision of industrialized countries to concentrate on advanced technologies and thereby setting aside the communications side of their companies. Since the latter eats up much of the investment of companies, and considering further that citizens of these countries demand high salaries, international companies opted to shift this demand for labor to countries where salaries are relatively lower. Since outsourcing requires a fixed cost for communications, it is on salaries that companies limit on the cost. If the communication cost is below than the critical level, outsourcing would increase the aggregate output of business service. Trade in business services increases the productivity of semi-skilled labor in the consumer service if the number of business partners is greater than the percentage increase on the fixed cost. This scenario led to the increase of salary scale of the semi-sk