Human resources management Essay Example | Topics and Well Written Essays - 2000 words - 1

mankind resources management - look for ExampleIt would be a mistake to assume that charitable resources alone can provide a source of competitive advantage, this theory only holds true when the following four conditions are met Human vision must add value to the tightens production process Skills sought by the firm must be rare, A firms combined human resource investments cannot be imitated A firms human capital should not be replaceable by technology The need for effective Human Resource Management is evident in the case of Uni-Bank, which suffers from a multitude of Personnel related problems. The strands personnel problems can be solved by devising a carefully idea out Human Resource system and implementing effective employee motivation, development and retention techniques. Human Resource scheme It is of primary importance for firms to develop effective Human Resource Strategies as it will guide the manner the firm develops and deploys deploy human, social, and organiz ational capital to enhance its competitiveness. The goal of an effective Human Resource Strategy is to develop a workforce which is motivated, trained, adequately rewarded and performs towards pursuing a firms objectives Past theorists (Snell, Youndt and Wright 1996) noted that in the yesteryear executives tried to take human resources out of the strategy equation by substituting capital for childbed where possible, and by developing organizational structures where there is a dividing line between those who think from those who do the work. As (Quinn ,1992) noted, with rareexceptions, the economic and producing power of the firm lies more in its intellectual and service capabilities than in its hard assets land, sow and equipment. However, there is no one theory that fits all, every organizations need differs and so does their call for strategy. It is quite difficult to achieve a correct balance between motivating and employee, developing and honour them, as there is always a f ear of employee turnover. Firms should be careful not to over-invest in their employees, similarly, they should turn away under-investing in their employees as well, as this leads to poor motivational levels and in turn affects performance. UniBank, needs to reassess its human resource strategy, as it seems the current one is not effective. The Company suffers from low employee morale, (which is their primary problem), skill-gap, low employee date and performance. The Company seems to be unable to meet its human resource needs with the needs of the changing surroundings as a result, it cannot satisfy either. An effective strategy can be devised through 3 rudimentary steps Diagnosis Conducting a comprehensive and systematic evaluation of the current practice and performance to get word where improvement is required and where policies are working well. In the case of UniBank, the diagnosis stage will rate the following improvement areas Employee job security Employee Development Employee Motivation Employee Remuneration Employee Recruitment Employee involvement and last making ability Aspiration A vision of effective Human Resource practices, producing outcomes that contribute to achieving the firms strategic objectives. For UniBank, an aspiration outcome will be where its employees are motivated, adequately trained and positively contribute to the change to Online Banking. Developmental A plan to progress and bring about change in the future. Uni Bank should focus on long term