The Goals Of HRM

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On this week 's topic, it will focus on the goals of HRM. HRM is somewhat played a vital role in an organisation. The typical tasks that HRM do such as the process of hiring and developing workers. This is to ensure the success of the business or organisation if HRM employs the right workers with the skills that could beneficial to them. It is imperative for HRM to do their work in order to achieve the main goals of HRM. However, in the article mentioned that the goals of HRM only analysed when the company faced certain issues and crisis on the company 's growth and performance. For instance, a small business that doing their business without focus on the core objectives of the business tends to face problems such as budget constraints or overspending …show more content…

It commonly practises by a company who more comfortable with a fast-changing environment. For instance, Toy 'r ' Us in Brunei Darussalam, practises the market HRM model, where the manager prefers to employ workers part-time in comparison to full-time. Furthermore, the manager also pays based on the employees ' performances. I interviewed one of the managers at Toy 'r ' Us, she mentioned that, they preferred to employ part-time workers because it is a cost-saving for the company in comparison to employ full-time workers. This is because, the manager has to pay more because of their working experience and advancement of their skills. However, the downside is that the company may experience high labour turnover and at times this is not a good portfolio for the company. In addition, if a company utilised with subcontractors, the subcontractors can leave the company and somehow, it is a burdensome and tedious to find another company to …show more content…

In term of economic, the managers may concern on the cost-effectiveness of labour management. It is important for any business or organisation to understand fully on the matter of cost-effective because it helps to stabilise the business or organisation. Thus, it is crucial for managers to not over employ workers. If a company employs more employees but did not utilise their skills and services, it is such a waste. Similarly, if a company employs fewer workers, it creates troubles for the workers in term of too many tasks to handle due to limited staffs. This can create dissatisfaction among employees. Hence, it is not cost-effective in term of labour management. When a business or organisation sells a product that are highly competitive for instance, mobile phones and other gadgets, the business tends to employ labour that have lower labour cost. For instance, Apple Company uses Foxconn services due to cheap labour cost in building the iphones and ipads. Similarly, goes to Nike who has Nike factories in the third world countries for instance, Vietnam and China, and has exploited workers in Asia for their financial gain. This to ensure that they gain much more profits although certain people may perceive it is

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