Managing Human Capital Hilton Worldwide Contents Executive Summary 2 1.0 Introduction 2 1.1. Human Resource Management 2 1.2. Hilton Profile 3 Vision Statement 3 1.3. Chosen position: Hotel Manager 3 2.0 Analysis to identify the HRM issues and challenges 5 2.1 Weaknesses and challenges of the chosen industry. 6 2.2 Practices which leads to improvement 6 2.2.1 Planning, recruitment and selection 6 2.2.2 Training and development 7 2.2.3 Reward management
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Social capital is made up of network of relationships, sociability and trustworthiness. Emotional capital consists of self confidence, ambition and courage, risk bearing ability and resilience.” – Sumantra Ghosal. Human Resource Management (HRM) Meaning: HRM is a process of making the efficient and effective use of Human Resources so that the set goals are achieved. Definition: “Personnel management or say Human Resource Management is the planning, organizing, directing and controlling of the
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HRM – MGMT3017 UNDERSTANDING HRM: • Environmental Scanning Resourcing Function Development Function Motivation Function Maintenance/Retention Function 17 Continuous Environmental Scanning and Analysis • Interpreting and analysing changes in the environment and developing the appropriate HR policies and strategies 18 Resourcing • • • HR Planning Internal and External Staffing/recruitment Employee Orientation and Socialisation 19 Development • • • •
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selection process of Tesco and Toyota (P7) 8 2.4 Evaluate the effectiveness of recruitment and selection techniques of Tesco and Toyota (P8) 8 Task 3 9 3.1 Assess the link between motivational theory and reward (P9) 9 3.2 Evaluate the process of job evaluation and other factors determining pay (P10) 9 3.3 Assess the effectiveness of reward systems in two different work contexts (P11) 10 3.4 Examine methods that being used by businesses to monitor employee performance (P12) 11 Task 4 11
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Introduction Wayne Mondy defines training as “Activities designed to provide learners with the knowledge and skills needed for their present jobs.” Training, therefore, is job specific and is concerned with the day to day performance improvement of the employee. Teaching a new employee hired for the R&D department the use of design software training or teaching a plant worker the operation of a machine constitutes training. Training is also project related. Suppose a new project has arrived
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Mid-Semester 1. Define Human Resource Management [HRM] and explain why HR is an important function in an organizational set up? Discuss the various responsibilities and duties you may perform as a HR manager. 2. Define Job Analysis, Job Description and Job Specification. As a HR specialist what type of information would you collect via Job Analysis? Discuss the steps in doing a job Analysis. 3. “A job Description is a written statement of what the worker actually does, how he or she does
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Critically evaluate the research evidence that suggests HRM can (and does) contribute to improvements in organisational performance The distinctive feature of HRM is its assumption that improved performance is achieved through the people in the organization.’ (Guest, 1997) important therefore for performance improvement is that the organisation makes policies that would facilitate Human Resources at work, it could be assumed that Human Resource would have a substantial impact on the business
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Human Resource Management. SECTION A Part one: Multiple choices: 1 Ans. c. Ethnocentrism 2 Ans. a. Job analysis 3. Ans b. Minimum wages Act, 1948 4. Ans. b. Placement 5. Ans. b. Development 6. Ans. a. Planned Change 7. Ans. d. Performance management system 8. Ans. c. Rating Scale 9. Ans a. Human resources 10. Ans. b. Management game Part Two: Q1.Explain the importance of Career planning in industry. Ans: The importance of Career Planning in industry are the following; 1. Proper
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tourism industry are recession and healthy eating. This report will further highlight those issues, go into depth and observe how HRM is trying to tackle the issues also. The recent recession had caused a lot of people to change the way they live and businesses to change the way they operate. Issues more commercially known to the general public were was simply a loss of jobs or businesses going bankrupt. Businesses who were able to survive the recession either grew in demand or downsized operations
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Human Resource Management (HRM) practices As the world is becoming more competitive and unstable than ever before, manufacturing-based industries are seeking to gain competitive advantage at all cost and are turning to more innovative sources through HRM practices (Sparrow, Schuler, & Jackson, 1994). HRM practices have been defined in several aspects. Schuler and Jackson (1987) defined HRM practices as a system that attracts, develops, motivates, and retains employees to ensure the effective
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