One often hears a CEO say, “Our most important asset walks out the door every night.” In Your organizations case this is literally true. Many organizations rely on the knowledge and skills of its employees for its success. Without its human capital, the company has little to offer its customers. As noted in the introduction to the case, of SEIIC, Your organization has been experiencing difficulty in meeting customer service expectations and is experiencing problems with retaining some of its most valuable employees. As a part of your review of the company’s HRM systems, you will need to examine the critical areas of training, performance management, and career management.
For each of the areas of training, performance management, and career management:
• Identify at least three approaches or trends that relate to each of the three HRM areas. Provide a brief description and a note on the potential relevance of the approach and trend for each area.
• Choose one of the approaches or trends to discuss in more detail and analyze and discuss the relevance to your organizations situation. Justify your answer with appropriate examples and reasoning.
This assignment requires Web and/or library research to identify approaches and trends that may be appropriate for your organization. Make sure that you appropriately document your sources in your paper. Submit a paper of approximately five pages following the correct APA style requirements. After you locate and utilize various sources, provide citations for at least three references other than the textbook and online encyclopedia-type reference sources.
Your write-up should be approximately a five page Microsoft Word document.
Cite any sources you use using the correct APA format on a separate page.
Assignment 3 Grading Criteria Maximum Points
Analyzed and identified at least three approaches or trends that relate to each of the three HRM areas and provided a brief description. 30
Chose one of the approaches or trends to discuss in more detail and analyzed and discussed the relevance to your organizations situation. 25
Used correct spelling, grammar, and professional vocabulary. Cited all sources using the correct APA style. 5
Total: 60
Part IV
Course Project Assignment
Identify specific practices within the areas of compensation and benefits that would aid your organization in developing the kind of employees that it needs and for retaining its most valuable human capital.
Your organizations compensation and benefits programs are based on traditional design principles typical of a company of its age and history. For example, almost all employees receive annual pay increases of two to five percent. This is frustrating to both managers and high performing employees. Managers would like to give better pay raises to high performers. However, budgets are only enough to cover the “required” raises to all employees; this leaves too little for more significant raises to high performers. Naturally, as a result, high performers who feel underpaid often seek other employment. The company’s policies have tended to reward seniority rather than performance, and because of the job evaluation system, compensation is tightly compressed. Benefits are thought to be generous in that the company pays for most of the cost. However, the structure of the benefits is rigid and only includes such traditional benefits as health insurance, life insurance, retirement plan (defined benefit) and a 401(k) plan (defined contribution).
The company recognizes that things are changing in its business environment as well as relative to the needs of its people, especially now that so much of its business in world-wide. As part of the ongoing analysis of trends that should influence the redesign of HRM in the company, what are the relevant trends in compensation and benefits that the company should pay the most attention to? To answer this question, address the following:
• Identify and explain at least three trends or recent approaches in compensation that your organization should consider in its redesign effort.
• Identify and explain at least three trends or recent approaches in benefits that your organization should consider in its redesign effort.
• Discuss the pros and cons to the trends/approaches identified in compensation.
• Discuss the pros and cons to the trends/approaches identified in benefits.
• Of all the trends/approaches you have discussed, which is the one that has the most merit for compensation and which one has the most merit for benefits? Justify your answer using examples and reasoning.
Your report should be around five page Microsoft Word document.
Cite any sources you use using the correct APA format on a separate page.
Assignment 4 Grading Criteria Maximum Points
Analyzed and explained at least three trends/approaches in compensation. 15
Analyzed and explained at least three trends/approaches in benefits. 15
Analyzed and discussed the pros and cons to the trends/approaches identified in compensation. 10
Analyzed and discussed the pros and cons to the trends/approaches identified in benefits. 10
Analyzed and justified one trend/approach for compensation and one for benefits that has the most merit. 10
Used correct spelling, grammar, and professional vocabulary. Cited all sources using the correct APA style. 5
Total: 65
Part V
Your organization has had a difficult time getting the people with the right skills in the right places and then keeping their skills up to date. The company has worked hard at identifying and hiring local talent, but the efforts have not been entirely successful. To the extent that it can, it has tried to accommodate local needs in its HRM system. However, it has found it difficult to carry out some of its initiatives because of the different ways of working in different areas. It has been difficult for people who transfer from one area to another to deal with the different HRM policies and procedures.
As a part of the overall review of HRM operations, the company is interested in identifying key factors that differentiate its global and domestic operations and in understanding how it can develop a more global approach to HRM.
With a focus primarily on the EU and Asian areas of operations, identify key factors that your organization should pay attention to in revising its approach to HRM. Consider, for example, the cultural, economic system, and legal and labor relations differences, in these areas of operation.
Discuss how these differences may affect specific HRM activities such as recruiting and staffing, training and development, compensation, performance management, and labor relations.
Finally, discuss how your organization should approach implementing HRM around the globe. Should it try to provide essentially a standardized, global HRM system or a highly specialized HRM system that is tailored to each location or region where it operates? What are the advantages and disadvantages of each approach and which would you recommend?
Your write-up should be around a four page Microsoft Word document, using APA format and citing at least two references.
Assignment 5 Grading Criteria Maximum Points
Analyzed and identified and discussed at least one factor in each of the areas of cultural, economic system and legal and labor relations differences for EU and Asia. 20
Analyzed and discussed how the differences may affect specific HRM activities such as recruiting and staffing, training and development, compensation, performance management, and labor relations. 20
Analyzed the advantages and disadvantages of each approach. 15
Analyzed and made a recommendation on whether your organization should have a uniform approach to HRM around the globe or a
multiregional/local approach. 10
Used correct spelling, grammar, and professional vocabulary. Cited all sources using the correct APA style. 5
