human resource management

Human Resource Management

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XXYY Corporation has hired a person to implement the human resource strategies of its recent purchase , Red Slash . Before the new employee commencing his work he should understand how the corporation proceeds with their business

XXYY Corporation thrives by taking over smaller business this is part of its strategy to expand itself . After doing so it uses its human capital to develop the newly acquired

small business . Human capital is a very crucial element in the success of any business it inculcates the knowledge , ability , skills , etc that an employee needs to perform his job effectively and efficiently . No company can prosper if they don 't pay attention to their human capital development . So the new HR manager must realize this and conform to these views

He will examine how the organization is presently functioning . The manager will see how the human resource is being operated by checking out the procedure , policies and the practices that Red Slash previously used to recruit and terminate employees . For him getting a through idea of how Red Slash did things is vital as he can use the present strategies and hence build on it . The new manager doesn 't aim to terminate the presently working 100 employees . They have been working with Red Slash for many years and do have a lot to offer . Nevertheless it is possible that some or many of the employees aren 't productive and are just a burden on the payroll for XXYY . So keeping this in mind the new manager will have to evaluate the employees and retain those who are an asset for the corporation , while the rest will be asked to leave . The manager will discover the valuable employees by conducting a research in the company to learn about the talent available , added incentives will be given to the valuable and creative employees . Moreover , the new manager will also device a new and improved procedure for further hiring and will develop a compensation package for the employees . The new manager will also make sure that the employees are aware of what they are required to do , that is their job . Additionally , he should work in a way that he evaluates the performance of the employees according to the contributions they have made . For this purpose a 360 degree method of appraisal should be made use of which basically deals with gathering feedback from supervisor , team leaders , coworkers , and customers and their responses are used to judge the employees . This manner of appraisal will increase the accuracy , as a lot of opinions will aid in providing a fair and realistic view . Moreover the suggestions and the needs that the employees have should be understood by the newly appointed HR manager and he should makes sure that the employees are provided with all the resources that will lead the staff to perform...