HUMAN RESOURCE

HRM of ABC Systems



Executive Summary

This report discusses in detail the shortcomings that are seen in the HR structure of the IT firm ABC systems. The operations of HR are done on the Ad Hoc basis which might have been fruitful if the scope of the organization was limited but with the passage of time and increase in the portfolio, they need to revisit their HR strategy. It is also been discussed that what benefits does the Human Resource Management, Personnel Management and Strategic HR Management will provide to ABC systems. The upheaval in the reward system has also been discussed. The reasons for low employ turnover and retention rates have also been discussed. The possible remedial measures are also recommended.

Executive Summary2

Introduction5

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Human Resource Management in Tough Times5

Listen To Your Employees6

Keeping them Motivated6

Equal Opportunity7

Being Candid and Open with the Employs7

Physiological Contracts7

How Personnel Management will help8

Organization of Personnel Management8

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Bringing the Human Resource System9

How Human Resource System will help9

Bringing the Strategic Human Management into perspective10

How Strategic Human Management will help10

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Evaluating the HR policy of ABC Systems11

Things to Consider Before Expansion12

Recruiting Process12

Lack of Performance13

Importance of the Human Resource Development for ABC13

Benefits of HR Development13

Greater Efficiency14

Employ Control14

Advantages of Integrating the Knowledge Development14

Reward Strategy15

Evaluation of Reward Strategy16

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Benefits16

Career Escalation17

Remuneration Package17

Other Reward Systems17

Initiatives That Will Help To Develop a Trusting Employment Relationship18

Employ Involvement18

Sharing of the Ideas18

Bridging Communication Gap within the Organization19

References20

HRM of ABC Systems

Introduction

The report looks at the apparent reasons for some of the problems that are faced by ABC Corporation. There are many problems that ABC is facing at the moment like high employ turnover. How the different approaches of personnel, human resource and strategic management will influence ABC has also been discussed. It is also investigated that what sort of initiatives are needed to be taken to increase the overall organizational efficiency. The appropriate reward strategy has also been discussed. The recruitment process has also been looked at. The prospective challenges that expansion will bring to ABC are also being seen.

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Human Resource Management in Tough Times

The biggest dilemma that the firm is facing right now is that it has to sustain its talented workforce, but at the same time they have to look at the budgeting and costs as well. So ABC has to take some tough measures. One of the biggest mistakes that ABC can commit is that they start slashing the number of employs without any sane rationality into it. This has to be kept in mind that the proficient workforce is one of the driving factors behind the success of any business. So they should be treated as assets (Scullion et al, 2011, p.97).

One of the better ways of dealing with the current scenario is that ABC should try to relocate their employs into some other departments. This can augur well as ABC is trying to expand its portfolio (Scullion et al, 2011, p.97). The example in this aspect is that if there are too many people engaged in the software ...