Achala Bandara - MBA- London Metropolitan University- (HR)

  Functions of Global Human Resource Management   Both human resource practitioners and researchers alike are concerned with the shift towards globalization of business and the resulting impact on strategic global human resource management (SGHRM) (Martin and Beaumont, 1998).   Global competition is becoming the norm and, at current growth rates, trade between nations will exceed total commerce within nations by 2015 (Daft, 1997). In industries such as semiconductors, automobiles, commercial aircraft, telecommunications, computers and consumer electronics, it is impossible to survive and not scan the world for competitors, customers, human resources, suppliers and technology (Gregersen et al., 1998). In this environment, the global human resource management becomes more important to the success of the firm, while at the same time becoming more complicated and difficult to administer (Boxall and Purcell, 2000). Human resource managers have had to rethink their duties and...

  How the Flexible Working Arrangements Will Benefit to Your Business?   Many areas of human resource management, including employee recruiting and retention techniques, have been affected by recent shifts in demographic, cultural, economic, and legal situations (Scullion and Collings, 2012). The need for work-life balance, which is now considered a basic requirement by an increasingly educated workforce, has fueled the demand for flexible working practices. While monetary elements such as salary, bonus, and allowance remain significant, non-monetary advantages such as flexible working hours are increasingly being employed to manage employee turnover (Oczkowski and Smith, 2011). More importantly, some academics suggest that monetary rewards are not long-term motivators of job commitment since social value shifts have resulted in a higher concern for work-life balance among the younger generations (Pirannejad and Kozekanan, 2010). As a result, top companies like Nestle an...

  Performance Management         The practice of creating a work environment or setting in which employees are able to perform to their full potential is known as performance management (Lucidchart.com, 2019). When a task is specified as needed, performance management is the start of a full work system. It comes to an end when an employee leaves your company. In the interim between these big life cycle events, performance management defines your interactions with employees. Every interaction with an employee is turned into a learning opportunity via performance management. Components of a Performance Management System All of these components may be found in the performance management system, but it is the entire system that matters, not the individual components. Without all of the above practices, many firms have been able to build effective performance management systems. A performance management system includes the following actions  ...

  Why Corporate Social Responsibility Is Becoming More Important to the Organization?       Corporate Social Responsibility (CSR) is a term that refers to The organization that expects profitability provides high-quality goods and services. The consumer who expects to buy high-quality, branded goods and services at low prices. This is a transaction that occurs between a firm and a consumer, however CSR programs are not conducted for profit. It's a kind of social service. As a result, we can define Corporate Social Responsibility as a company's commitment to sustainable development through the provision of economic, social, and environmental benefits to all stakeholders. Some firms have as their primary goal the achievement of social or environmental objectives, as opposed to a business that seeks to meet its financial objectives while minimizing any harmful influence on society or the environment. These companies are known as Social Enterprises. According t...

  Employee resourcing and talent management According to the chartered institute for personnel and development (CIPD) in the UK, people resourcing, as many people who carry out work for organizations are no longer employees, is that part of personnel and development that focuses on the recruitment and release of individuals from organizations, as well as the management of their performance and potential while employed by the organization. According to Pilbeam and Corbridge (2002), ER is a key management function that includes effective hiring and firing, attracting the best candidates, reducing staff turnover, and increasing employee performance. They are equally applicable to a tiny family business as they are to a large international corporation. Staffing (recruitment, selection, retention, and dismissal), performance (performance appraisal and management), administrative (policy development, procedural development, documentation), and change management are all part of empl...

  Employee Relations and Their Consequences       Every organization's ultimate goal is to achieve its objectives and goals. Every business has its own set of aims and objectives, which can be summed up as follows:   ·                      Increase profit margin ·                      increase efficiency  ·                      capture bigger market share  ·                      provide better customer service ·                      Impr...