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Final Project You work for a HR consulting company and an organization (the same company you have been writing about during this course) has hired your firm to conduct an HRM analysis and make...

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Final Project

You work for a HR consulting company and an organization (the same company you have been writing about during this course) has hired your firm to conduct an HRM analysis and make recommendations to better align HR practices to the key business initiatives of the company. In order to accomplish the goal:

  • Analyze the organization and develop a set of HRM practices that help align HR practices to the firm’s strategy. (Keep in mind the firm’s overall strategy in regards to Porter and Snow and White’s theories) Develop a XXXXXXXXXXword research paper (not including the title and reference pages). Your paper should also:
  • Identify the firm’s history, strategy, market position, and specific area of alignment.
  • Provide job pricing and compensation package for 3-4 key positions in the organization.
  • Describe and analyze the current and targeted HR work processes as well as the respective knowledge, skills, and abilities (KSAs) required to achieve the organization’s objectives.
  • Incorporate a discussion of relevant technology considerations to achieve work output in the context of the organization’s goals.
  • Provide a discussion of the labor market and the appropriate labor law context. Identification of companies that are preparing to address any legal or regulatory changes..
  • Prescribe a set of HRM recommendations, specifically tailored for the selected firm. Insert a table with deliverables, accountable people and a timeline for the recommendations.
  • Describe other HRM issues as applicable.

In addition to the requirements above, your paper:

  • Must be double-spaced and 12 point font
  • Must be formatted according to APA style
  • Must include a cover page that includes:
    • Title of paper
    • Student’s name
    • Course name and number
    • Instructor’s name
    • Date submitted
  • Must include an introductory paragraph with a thesis statement
  • Must conclude with a restatement of the thesis and a conclusion paragraph
  • Must reference at least eight scholarly resources
  • Must include a reference page written in APA format.
Answered Same DayDec 09, 2021

Solution

Moumita answered on Dec 10 2021
50 Votes
Running Head: HUMAN RESOURCE MANAGEMENT     1
HUMAN RESOURCE MANAGEMENT         16
HUMAN RESOURCE MANAGEMENT
Table of Contents
Introduction    3
Thesis Statement    3
Strategy of the Company    4
Market position of the Company    5
Specific Area of Alignment of the Company    5
Analysis of the Knowledge, Skills and Abilities of HR practices to meet the Objectives    7
Technical Considerations to meet the Objectives    9
Labour market and the appropriate labour law    10
HRM Recommendations    12
Other HRM Issues    13
Conclusion    14
Restatement of Thesis    14
References    15
Introduction
Management is one kind of activity that are used by the business companies in the involvement of the proper handling of their activities. The management in the basic context is the necessary aspects for the easy running of the business operations. In that context, it should be mentioned that the good and well-designed management processes are the backbone of the success graph of the organisation. The involvement of the management activities in the different perspectives of business operations denoting that all the parameters of the business are performed with the successful and complete manner. Furthermore, the introduction of management actions in the operations of the business allows the companies to achieve their destined business goals and objectives. The discussion of this project is based on the management activities of the Australian supermarket chain Woolworths. There is the presence of different parameters of the management performance of the company in the discussion part. The identification of the required aspects for the successful management of the business of Woolworths is also presented in the discussion part with the proper view.
Thesis Statement
Strategic development of the business operations of business companies depend on the personal involvement and involvement of developed strategies.
History of Woolworths
The Woolworths group in its formal way is noted as the Woolworths limited. This company was founded in the year of 1924. At the time of its beginning stage, the company was performing their business operation under the name of Woolworths Bazaar Ltd. In the previous years, the company was performing its role as an internationally renowned Frank Winefikled Woolworths. According to Parkinson (2018), the name that this company used in its beginning stage was not registered in the business market of Australia and for this, the company had no plan for the expansion of their business. In the year of 1924 after faced some issues with the overseas expansion plan, the company registered its name as the Woolworths Limited. In the third year of its business operation, the Woolworths Limited increase its capital with the rates of approximately 5% to 50% as there was the increasing interest of the shareholders in the business operation that this company involved in terms of performing their business activities.
Strategy of the Company
The overview of the overall business performance of the Woolworths group it is observed that this company is the diverse group within the context of the retail business industry. The involvement of the different business strategies within their business operations this Australian retail company became one of the leading retail organisations. With the adoption of the different perspectives in the business, the company is trying to offer better experiences to its segment customers.
In that context, the management team of the company is creating developed framework in their business which offers them the paths through which they can aspire as well as can operate their performances of the team members of the organisation in case of making effective communication with the customers and shareholders. As opined by Hepworth and Newman (2019), in the business operations, the Woolworths Groups is involving the developed strategies in the delivery of their products to their customers. In that case, the strategic supply chain management is the major owner. The strategic supply chain management helps the company in the delivery of their products to their customers in the destined time frame. Therefore, the company is delivering prime focus to their customers and for this, they are involving the requirements and wishes of their customers and their primary concerns in case of operating business performances.
Market position of the Company
Through the overview of the overall business market of Woolworths Ltd, it is noticed that the company is acquiring approximately 80% of the supermarket chain of Australia. As argued by Spillan and Ling (2015), therefore the company is operating approximately 1000 stores across the Australian business market. In addition, it can be noted that they are operating their business performances in approximately 19 metro cities of that country. Woolworths also operating their business in the international business market with the effective range.
Specific Area of Alignment of the Company
The specific areas where the company is required proper alignment is the marketing, human resources, financial sectors of the company. As suggested by Parkinson (2018), the business operation of the company denoting that in those sectors there is the requirement of proper alignment with each other for the development of the overall business.
Job pricing and the compensation package
    Job pricing refers to the price allocated to the workers and the employees according to their performance basis. The job pricing refers to the salary and the wages that are paid to the employees because of their hard work. However, through the research it has been seen that the company “Woolworths” have been paying tier employees insufficient. Insufficient payment demotivates the employees. The employees lose their job satisfaction because of the in appropriate job pricing. Another drawback in the company is that their compensation system is also flawed. The main aim of the compensation system is to make sure that the employees feel charged up and do not lose their interest in the job. The compensation package can help the employees do much better in the future. Due to the insufficient and the flawed structure of the job pricing and the compensation the production capacity of the company will become less.
Human resources
The 1st major key positions that require the effective job pricing and the compensation systems is the HR.The HRis the pillar of the organisation. He is the person who
ings the man power into the organisation. The HR determines the quality of the work that is produced inside the organisation. He makes sure that person will do which work. The task of the work allocation is very important in the organisation.In the case of Woolworths, it has been seen that the HR gets a very less amount of salary in respect to his job. There is also no scope of the compensation for the HR. In this way the HR can feel demotivated by the company. The demotivation can lead to the faulty choice of the human power (Johar, Nor, Hassan, & Musa, 2019). The HR must be rewarded with a 10% hike in the salary and the compensation structure.
Accountant
The next key positioning of the company that requires job pricing and the compensation structure...
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