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The impact of globalization on international business
The impact of globalization on international business
The impact of globalization on international business
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The environmental variation now and then shifted the roles of Human Resources vis-à-vis the working patterns in current business world. For example, the growth of female labour in workforce, the organizational changes to new flexible form, the enforcement and further amendment of Employment Act 2002 in flexible working, the arising awareness of work-life balance for working healthy, and so on (McOrmond, 2004; Honeyball, 2008; Redman and Wilkinson, 2009; Advisory, Conciliation and Arbitration Service, 2010). These caused employees and employers to cater to their needs and wants, changing their expectations in flexibility and work-life balance from time to time. Therefore, the intention of this essay will be to discover whether employers’ need for flexibility and employees’ need for work-life balance can be reconciled to a certain extent or vice versa. In order to fulfill this discussion, many references such as books, journals, reports and other relevant websites will be used and referred.
In accordance with the impacts of globalization, grimness of the business competition, adjustment in regulations and others, employers relied on labour allocation via flexibility to meet these challenges for achieving organizational goals and maximizing the performance. Guest (1987) as cited in Legge (2005, p.175) perceived flexibility in his Human Resource Management (HRM) model as “having three components: relating to organizational design, job design and, employee attitudes and motivations”. Nevertheless, to explore the reasons of employers’ need for flexibility in more accurate, the flexible firm model (Atkinson, 1984) and its flexibility will be referred to as the main focus in this essay. Yet, this approach may lead to uncertainty and p...
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...ssion of employers’ flexibility and employees’ WLB, they came into forms because of previous changes of factors. For both parties, there are many advantages of flexible working and it represents a huge opportunity for businesses. By getting up to speed with the legal perspective of flexible working and taking attention of some guidelines, employers can step confidently into heightened business competition via flexible working, enjoying increasing productivity and improving WLB for employees as a result. However, which can be challenging due to the impacts of working culture, the occupational change, the opt-out provision as the loophole to work longer hours, the employers’ practices in workplace to meet current demands, the changes of the nature of paid work and others. Indeed, the flexible working arrangements in reality might be not as ideal as its starting point.
The inability to achieve “work-life balance” has become a major focus for workplace equality activists. When this topic is brought about it is primarily used to describe how woman cannot have a work and home life but instead are forced to choose. Richard Dorment took on this point of interest from a different perspective in his article “Why Men Still Can’t Have It All” published with esquire. Going against the normal trend he describes how women are not the only ones put into the same sacrificial situations, but instead that men and women alike struggle to balance work and home. Dorment opens up by saying “And the truth is as shocking as it is obvious: No one can have it all.” In doing so Richard Dorment throws out the notion that one
Previous generations have a strong belief of keeping work and home life separate; that work is for work and home is for play (Rampell, 2011, para 21). Today’s professionals do not seem to abide by similar beliefs, constantly crossing the borders of one into the other. While many recognize this as an issue that could result in employees being less productive, it has actually resulted in them accepting that their work may run late into the evening or even into the weekend. I agree with this completely in that I grew up being taught that business is business and personal is personal; you leave your home life at the door. But now times have changed, and my weekends are no longer dedicated to my home life, but for work, because I attend classes during the week. Also, in my line of work in the Allied Health industry, it is a requirement to work off hours. Long gone are the days of working nine to five, Monday through Friday; technology and the demand of wanting affairs done and done as soon as possible, has made it so the “work week” is now 24-7. “Jon Della Volpe, the director of polling at Harvard Institute of Politics, said, ‘Some experts also believe that today’s young people are better at quickly switching from one task to another, given their exposure to so many stimuli during their childhood and adolescence’” (Rampbell,
HRM in any company is a weighty issue that needs much attention where business performance is linked to a HR strategy (Caldwell 2008; Ulrich et al. 2008). In the recent past, competition has become stiff, such that organizations need to come up with other means to compete in the extremely dynamic market world. Thus, companies have shifted their emphasis to Strategic Human Resource Management (SHRM) where they enhance and empower their personnel in order to increase the productivity and the services offered into the market (Mello 2006). This goes against the traditional ways of increasing the means of competition where organizations place emphasis on tangible resources. In the past, organizations competed in terms of machinery and acquisitions. This has changed greatly due to the changing customer tastes and the diversity of the market in the present (Delery & Doty 1996; Lengnick-Hall et al. 2009).
This source explains the relationship between working overtime and the work-family conflict. With this source, they “investigated whether work-family conflict is prospectively related to adjustments in work schedules… in this relation”. (Jansen) They also wanted to prevent work- family conflict. They also know that balancing work and family is a challenge in today’s society for individuals. Consequences associated with work and family “job burnouts, psychological distress, depression, life dissatisfaction, elevated need for recovery from work, prolonged fatigue, and increased sickness absence”. (Jansen) The companies are starting to notices that employees are looking for other jobs that support them balance their work and family. Jansen used questionnaires to figure out the work-family conflict investigation. Each questionnaire was use with different types of working people. For example, the part-time and full-time workers. The results for the work-family conflict, “employees might adjust their working time arrangement to better reconcile work and family life…” (Jansen) They are considering their next research on the adjustments to “result in an improved work-family balance, improved health outcomes, and ultimately whether these adjustments prevent workers from leaving the labor force early.” (Jansen)
Human Resource Management (HRM) is the administration and control of employees. Its purpose is to ensure that the workers and the employer cultivate a valuable relationship. As a result, the company will record an exceptional performance particularly with regard to employee productivity (Paauwe, 2004). Further, the workers will benefit in terms of job satisfaction and self-development (Paauwe, 2004). Some of the activities involved in managing workers include selection and recruitment, training, development, motivation, and appraisal (Sharma, 2009). This paper aims to analyse the role of human resource management in organisations and its linkage to the wider organizational strategy using Tesco and Harrods as illustrations.
Employees are increasingly interested in jobs with flexible work schedules. What factors are driving this interest?
In the 1980’s, the birth of a new concept called ‘Human Resource Management’ was born. This trend comes after an intense period of Taylorisation, Fordism and now, McDonaldisation. HRM came to counter balance these trends and to consider the concept of the Man as a Man and not as a machine. For the last several decades, the interests of companies in "strategic management" have increased in a noteworthy way. This interest in strategic management has resulted in various organizational functions becoming more concerned with their role in the strategic management process. The Human Resource Management (HRM) field has sought to become integrated into the strategic management process through the development of a new discipline referred to as Strategic Resource Management (SHRM). In current literature, the difference between SHRM and HRM is often unclear because of the interconnections linking SHRM to HRM. However, the concepts are slightly different. Thus, we can ask, what is strategic human resource management? What are the main theories and how do they work? What do they take into account and how are they integrated? What are the links between SHRM and organization strategy? In order to answer to these questions, we will precisely define strategic human resource management, followed by a look at the different approaches built by theorists, and finally, we will see the limits between the models and their applications depending on the company’s environment. Discussion Strategic Human Resource Management: definition Strategic human resource management involves the military word ‘strategy’ which is defined by Child in 1972 as "a set of fundamental or critical choices about the ends and means of a business". To be simpler, a strategy is "a statement of what the organization wants to become, where it wants to go and, broadly, how it means to get there." Strategy involves three major key factors: competitive advantages (Porter, 1985; Barney, 1991), distinctive capabilities (Kay, 1999) and the strategic fit (Hofer & Schendel 1986). Strategies must be developed with a relevant purpose to sustain the organizational goals and aims. SHRM is one of the components of the organizational strategies used to sustain the business long-term. SHRM defined as: “all those activities affecting the behaviour of individuals in their efforts to formulate and implement the strategic needs of the business. (Schuler, 1992)” or as “the pattern of planned human resource deployments and activities intended to enable the firm to achieve its goals.
To achieve equilibrium, H&M encourages open communication and employee engagement within the company to satisfy both goal and needs. They came up with an “open book principle” granting every employee the right to express their thoughts on work related issues directly with management. They, too, reinforce the Human Resource Management system by having performance appraisal, a method to evaluate job performance. H&M has done it by using the method of providing feedback as they believe in learning through their own mistakes. Besides, to ensure workers’ work-life balance, the company strongly discourage overtime work and endorse flexible working hours. Everyone in the company is given the opportunity to schedule around their personal and working responsibility. The company also provide comprehensive fringe benefits for their worker which includes staff discounts, incentive bonuses, maternity leave and many more. This is because the Human Resources in H&M emphasise more on job satisfaction rather than title or pay structure. Analysis indicates that H&M has incorporated job enlargement into their business whereby they increase task variety by combining two or more task for more experience working. However, the volume of task to be done is too gruelling for employees causing their company to be listed as one of the highest employee turnover and lowest labour morale in 2008. This shows they have poor job
The concept of flexibility has permeated much of current human resources management thinking, providing justification for recent developments in more flexible and variable working patterns. Its need arises from the following:
However you define the activities of management, and whatever the organisational processes are, an essential part of the process of management is that proper attention be given to the Human Resource function. The human element provides a major part in the overall success of the organisation. Therefore there must be an effective human resource function. In the past, most organisations viewed Human Resource Management (HRM) as an element function, that is an activity that is supportive of the task functions and does not normally have any accountability for the performance of a specific end task. Because of the emphasis on analysis and precision there is a tendency for strategists to concentrate on economic data and ignore the way in which human elements and values can influence the implementation of a strategy. 'Economic analysis of strategy fails to recognise the complex role which people play in the evolution of strategy - strategy is also a product of what people want an organisation to do or what they feel the organisation should be like.?(1).
Human Resources Management (HRM) Interventions relates to the idea of improving an organizations overall performance and efficiency by improving the members (individuals and groups) performances, commitment, and flexibility. According to Beer et al. (1984), this is often a relevant intervention technique when organizations are facing increased international competition. They see the value of HR investments as a way to improve organizations competitive advantages. Further, they establish that HRM policies have long-term consequences and immediate organizational outcomes. These policies should include the overall competence of employees, the commitment of employees, the cost effectiveness of HRM practices,
HRM comprises a set of policies designed to maximize organizational integration, Employee commitment, flexibility and quality of work. (Guest, 1987) as cited by (Armstrong, 2009) this statement entails that HRM function has policies to guide its activities, if these policies are well integrated with the strategy of the organization, it can enhance employee commitment and result in quality of work, as cited by (Armstrong, 2009) that the overall purpose of human resource management is to ensure that the organization is able to achieve success through people, however the function of HRM is affected by several other factors, this essay will look at three Internal and external environmental factors affecting HR Specialist.
The nine to five work hours are a thing of the past, no longer a mandatory work schedule or shift required. People have much more control over their work schedules, making their work time to coincide with their personal time. This makes things much easier and less stressful for everyone involved. Some of the choices I will talk about being terms called work schedules, telecommuting, job sharing and compressed workweek. This is not necessarily a new concept, just a well-kept secret from the past. Flexible work schedules are amazing and can help anyone having a hard time with too many overwhelming things on their plate at one time and trying to get to work on time and keep their job.
Organizational behavior is a field of study that investigates the impact that individuals, groups and structures have on behavior within an organization for the purpose of applying such knowledge towards improving an organization’s effectiveness. Organizational behavior is dependent upon many variables. It incorporates many areas of study such as psychology, sociology and anthropology. These disciplines are important in trying to manage new and existing challenges in the workplace. Two examples of current workplace challenges are workplace diversity and the constant struggle to balance work life and home life.
In Today’s world, the composition and how work is done has massively changed and is still continuing to change. Work is now more complex, more team base, depends greatly on technological and social skills and lastly more mobile and does not depend on geography. Companies are also opting for ways to help their employees perform their duties effectively so that huge profits are realized in the long term .The changes in the workplaces include Reduction in the structure of the hierarchy ,breakdown in the organization boundaries , improved and better management tactics and perspectives and lastly better workplace condition and health to the employees. (Frank Ackerman, Neva R. Goodwin, Laurie Dougherty, Kevin Gallagher, 2001)