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This report is based on the following requirement - - Human Resource or Human Capital Management is increasingly being accepted as having a key strategic role for businesses. Firms must increasingly manage its people assets strategically. As a result, companies today have pressing HR needs with respect to planning, selecting, training, paying, engaging and retaining talents.
- You have just been appointed as the Human Resource Director for a large company with more than 3000 employees. Your immediate task is to review the human capital strategies, policies and practices prevailing in the company. As part of your work, you have to consider the following requirements:
- a) The management of human resource planning, recruitment and selection of manpower and come up with appropriate strategies, policies programmes and practices.
- b) The recommendation of total reward systems, including rewards and staff welfare schemes. The key components of total rewards programmes should include base salary, bonuses, travelling allowances, housing and other allowances.
- c) Other areas, including employment ethics, usage of Internet during working hours, employee relations and engagement and talent retention strategies.
- Task
- You are to write a comprehensive HR report to the Group CEO of your company, detailing the above human capital issues, policies and practices currently being used in your organisation or another organisation you are familiar with. You have to critically review current practices and strategies and then propose and recommend the necessary HR strategies, policies programmes and practices to be implemented for the company covering those areas.
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