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There are a lot of reasons why talent management is important for a successful business strategy.
Aside from this, other human resource strategies are also essential to be considered to make sure that
the growth and development phases of a business are well-guided. Variations of human resource
strategies can be used by businesses depending on their operations, the needs of the stakeholders, and
the demands of the industry where the business belongs. Since there is a wide range of how human
resource strategies can be made and implemented, it is important for businesses to properly plan and
develop these strategies so that maximum results can be achieved.
HR management has changed dramatically in recent decades. It was once largely an administrative
function focused on day-to-day responsibilities such as employee recruiting and selection and
managing employee benefits. Changing labor market conditions and new business thinking call for
HR business strategies that include recruiting and retaining the right people, as well as providing
ethical and cultural leadership, Enviable benefits packages, promotion opportunities, continuous staff
training and development. Here is some examples.
Performance Appraisals -Human Resource Management motivates the individuals working within
the organization to function in accordance to their potential and provides them recommendations
which can aid them to bring development in it.
In the same way, the team communicates with the staff individually on a regular basis and gives
them all the required data in terms of their performances and identifies their respective roles. This
is advantageous for it allows them to create a pattern of their anticipated objectives in much
precise terms and by that aids them perform the objectives with the most excellent efforts. It is
helpful to note that when performance appraisals were taken on a regular basis, these greatly
motivate workers.
Training and Development. Human resources administers needs evaluations for the firm’s present
workforce to identify the kind of skills training and worker development required for enhancing
qualifications and skills. Firms at the start or growth stages can gain from determining training
needs for current staff. It is much less costly as compared to the cost to hire more qualified
candidates and additional staff. Indeed, it is a strategy which also can minimize turnover and
enhance worker retention.
Recruitment and Training are a few of the primary responsibilities of the human resource team.
Human Resource managers create plans and strategies for hiring the appropriate individuals. They
formulate the criteria that are most suited for a certain job description. Their other tasks connected to
recruitment involve creating employee obligations as well as the scope of tasks assigned to her/him.
Founded on these two factors, the contract of a worker with the firm is prepared. When necessary,
they also offer training to the workers in accordance to the requirements of the company or
organization. Therefore, the staff members obtain the chance to sharpen their present skills or
enhance specialized skills which will eventually aid them to take up some other roles.
Motivating employees :one should note that the labour efficiency and loyalty towards
management can be expected only in an organization that operates under strategic management.
Every guidance as to what to do, when and how to do and by whom etc, is given to every
employee.
This makes them more confident and free to perform their tasks without any hesitation. Labor
efficiency and their loyalty which results into industrial peace and good returns are the results of
broad-based policies adopted by the strategic management
Employee Engagement
There are a lot of reasons why talent management is important for a successful business
strategy Aside from this, other human resource strategies are also essential to be considered
to make sure that the growth and development phases of a business are well-guided.
Variations of human resource strategies can be used by businesses depending on their
operations, the needs of the stakeholders, and the demands of the industry where the business
belongs. Since there is a wide range of how human resource strategies can be made and
implemented, it is important for businesses to properly plan and develop these strategies so
that maximum results can be achieved.
2.Training and Development - Human resources administers needs evaluations for the firm’s
present workforce to identify the kind of skills training and worker development required for
enhancing qualifications and skills. Firms at the start or growth stages can gain from
determining training needs for current staff. It is much less costly as compared to the cost to
hire more qualified candidates and additional staff. Indeed, it is a strategy which also can
minimize turnover and enhance worker retention.
3. Recruitment and Training - primary responsibilities of the human resource team. Human
Resource managers create plans and strategies for hiring the appropriate individuals. They
formulate the criteria that are most suited for a certain job description. Their other tasks
connected to recruitment involve creating employee obligations as well as the scope of tasks
assigned to her/him.Founded on these two factors, the contract of a worker with the firm is
prepared. When necessary, they also offer training to the workers in accordance to the
requirements of the company or organization. Therefore, the staff members obtain the chance
to sharpen their present skills or enhance specialized skills which will eventually aid them to
take up some other roles.
4. Motivating employees :one should note that the labour efficiency and loyalty towards
management can be expected only in an organization that operates under strategic
management. Every guidance as to what to do, when and how to do and by whom etc, is
given to every employee.This makes them more confident and free to perform their tasks
without any hesitation. Labor efficiency and their loyalty which results into industrial peace
and good returns are the results of broad-based policies adopted by the strategic management
Reference
Gomez-Mejia, R. L., Balkin, B. D. & Cardy, L. R. (2016) Making Human Resources
(8th ed.) Boston, MA: Pearson.
Microsoft:
Microsoft is a really successful company with not only selling their many
technological products but their HR practices and strategies as well.
Resource based view of strategy explains when developing competitive strategy firm
primarily in the application of the bundle of valuable resources at the firm. In other
words it is an inside – out approach to develop a successful strategy to achieve the
competitive advantage. As per the VRIO model of resource based view explains
valuable, rare, less imitable and organization embedded resource help to develop a
successful strategy for the company. In the majority of organizations people factor
are now the biggest asset and when it comes to Microsoft they have differentiated
themselves from the other players through following effective HRM strategies in the
company. Because of this reason Microsoft always tend to recruit the best people in
the market to introduce the best product to the software market. Microsoft’s mission
is to help people and business throughout in the world to realize their full potential.
Their corporate strategy is to develop software to bring these objectives realistic.
Therefore people factor of the organization plays the biggest input for that strategy.
The knowledge, skills and abilities have helped them to differentiate themselves from
the rivals to create value. Therefore HRM function does a major contribution in
strategy development. As a result we can say that alignment between corporate
strategy and human resource strategy is crucial in achieving organizational
objectives.
The company believes that its five business divisions of windows and windows live
division, server and tools, online service division, Microsoft business division and
entertainment and device division offer the greatest potential to satisfy their
customers. Therefore the company’s corporate strategy is decided based on the
mission and values of the company and their business strategies have been cascaded
down through the five business unites mentioned above. Therefore when deciding
human resource strategies such as recruiting and selection, motivation, retention,
training and development etc. they are always consider what the company’s
expectations in delivering the service to the customer. As an example they invest
enormous amount of money on training and development because they expect their
employees are constantly update with the business environment which is ultimately
help the company to update and improve their product with the changes in the
technologies. Further detailed analysis of the human resource functions will be
addressed in this report later section. Therefore, we can say that the company
maintains a strong link between corporate strategy and the human resource
strategies in their operation.
Recruitment means creating pool of candidates who are suitable for the company’s
requirements and selection process is where select the best suitable candidate for the
company’s role. Selection process is generally known as a two way process where it’s critical
for the candidate as well as the company, because the wrong selection decision may
negatively impact on the both parties. Therefore Microsoft maintains strong screening
process when selecting a candidate to the company to make sure they will take the correct
decision at the first time. Microsoft advertises on websites and in the papers. Applications
are made online and are screened to find the best candidates. Interviews, tests, CV
evaluation etc. are the main techniques used by the company in the selection process. As an
example when they selecting software design engineer, first they evaluate the candidate
through their CV to match with the job requirement. In the second stage candidate will be
evaluated through a telephone conversation to identify his technical knowledge, logical
thinking, background knowledge etc. After this he is being called for face to face interview
and different people from the company such as Human resource department, technical
people will be talked with the candidate and go through various sorts of psychometric
testing to gauge their aptitude and personality. This is to evaluate their technical
competency and suitability to Microsoft culture.
Google:
Human capital and its management have become more important than ever in the 21st
century. However, few are as good as Google at this art. Google has proved that it relies
upon innovation in every aspect of its business, even HRM. It has established an employee
centered culture at whose core is employee empowerment. The HR function is a strategic
partner at Google and it has focused on benefiting the company’s core operations by hiring
and retaining only the best. Apart from Google’s technological capabilities, innovative and
efficient HR is the reason that it has acquired so much success and fame. It differs from
most others in terms of its focus on employees. When it comes to making its employees
happy, Google believes in nothing less than the best. It favors ability over experience and
hires only the smartest people. Several things are different about Google’s HR approach.
Most outstanding thing about the tech giant is its mix of salaries and perks that are meant to
keep its employees more than motivated. Moreover, nothing is sufficient in today’s world.
You have to do things that place you much higher above the mark to beat the competition
and get noticed even in HR.
The search engine giant provides a variety of internet and cloud based services
meant for individual, professional and business use. Google has reached the
position of the best with the help of a highly talented and motivated workforce that it
has managed with great care.
However, with time it has grown famous for its employee friendly environment and policies
just as much as for its search engine and other IT products. Being ranked continuously as
the best employer requires intense focus on HR management. However, Googlers
themselves tell the stories of how great it feels inside those offices. Google has not
achieved these things by managing an airtight environment like Apple. Instead, every
individual employee is given enough space to use his talent and perform at his best. In this
regard, you can say, it has managed to maintain higher transparency than others. The focus
is also on the use of technology to drive performance. The focal point of its HR strategy is
maximum care and assistance so that its employees can work with dedication. The perks
Google provides its employees are awesome that entire industry quotes with awe. Apart
from job security, the high risk reward ratio at Google guarantees job satisfaction. A well
designed training and performance management system ensures everyone receives
appropriate guidance and support.
The secret of Google’s success is its innovative work culture. This culture drives
commitment. Some key facts about its culture are as follows:
Google’s success is because of its culture and work environment and its HR has
played a major role in sustaining these things. Google’s organizational structure
supports a system made to pursue innovation. Google’s HR nurtures its creative and
innovative company culture by formulating policies that hire and retain the best
talent. If Google has stood at the top as the best employer for years continuously,
the reason is its focus on HR management is exceptional.
Human resource policies begin from great hirings. Every year more than 2 million
applicants apply for a post at Google. Each vacancy gets thousands of applications
in response. The main focus of Google’s recruitment policy is to have the right
person in the right position. It does not officially reveal its number of recruiters but
sources say that more than 400 internal and external recruiters were working for
hiring new Googlers in 2009. These recruiters are well paid professionals, many of
which are brought from outside especially for recruiting. In 2012, the number of new
recruits Google hired was more than 8000. Recruiters focus on hiring staff that is
highly talented and culturally compatible. Culture plays an important role when it
comes to hiring new people. How culturally compatible you are with Google decides
how well you will perform once you are inside. The role of culture and cultural
compatibility has also been highlighted by research and more culturally compatible
employees mean higher overall productivity of an organization.
Recruitment is not the task of only the HR, but the entire organization is
involved. Another key focus of Google’s recruitment strategy is diversity. It has
partnered several organizations to make its selection process a success and to bring
a highly diverse workforce together. Diversity is not just an HR matter, instead
something visible in all aspects of Google’s business. Google itself notes, “There’s
no one kind of Googler, so we’re always looking for people who can bring new
perspectives and life experiences to our teams. If you’re looking for a place that
values your curiosity, passion, and desire to learn, if you’re seeking colleagues who
are big thinkers eager to take on fresh challenges as a team, then you’re a future
Googler”. Google has erected an efficient recruitment system made of efficient
people that fill distinct roles. The recruitment team has members in roles like
recruiting research analysts, candidate developers, process coordinators, candidate
screeners and several others. Handling such a high number of applications as
Google receives each year is not an easy task and requires a lot of planning and
coordination.
Several researchers and important authors in Human Resources have researched and
highlighted the HR strengths of Facebook. Managing your human capital requires focusing
on several things from salaries to perks and a respectful environment. In some regards
Facebook’s and Google’s strategies are similar. Both are driven by the strategy to create
highest satisfaction for their employees. In case of Facebook, its environment is known for
higher openness and energy. It has adopted several unique practices that have helped it
gain an advantage in the area of HR. Employee convenience is a key focus at both the
giant’s offices. Facebook’s practices in this area are quite notable. It has used several
strategies to reduce the pressure on its workers and office design is one of them. Far from
the cubicle culture, it has established a unique open floor structure. Life inside the cubicles
can be suffocating for the employees and therefore an open office design is used at
Facebook to let the employees have more space. While it allows more space to move and
breathe, it also allows for higher level of meeting and collaboration. This is clearly logical.
There are workplaces where employees remain locked inside their chairs and have little
space to move their hands and feet. This can give rise to work stress and can drive the
churn rate higher. To reduce the churn rate, you must keep your employees interested and
engaged. A dull workplace and work environment can lead to loss of interest and morale. An
important message that Google and Facebook have been able to send is that employee
productivity does not come from using the whip. It comes from letting them feel like important
stakeholders whose engagement matters.
ree food with great variety – Facebook takes care of its employees’ taste and has made
available a large menu with higher variety. Being a young company, the menu at Facebook is
designed as per the taste of its employees. A large variety of ice creams, cookies, and other
milk products and other kind of food including barbecue is available for the workers to tingle
their taste buds. If you go over the entire list, you are going to feel spoiled by the variety and
quality of the menu. (Dr. J. Sullivan, ERE, 2013). The way to your employees heart goes
through their belly. The quality of food served at Facebook can be as good as in some of the
world’s best restaurants. Eating arrangements in the open under the sun make it as enjoyable
as a picnic or party. Gourmet meals at Google are famous but as John Sullivan highlights
Facebook is at a clear advantage in terms of knowing the taste and interests of the millenial
generation. One thing that very few employers care about is the energy level of their
employees and that they need to sustain it. Your HR policies and work environment must
be structured in a manner that employees’ energy level is not affected. If employees are full
of energy the worker morale challenge is to an extent solved. Facebook very well understands
the challenge. It is why for most employees working at Facebook is a pleasant
experience. Food does not just give energy; good food gives pleasure, keeps people happy
and their energy flowing. A pleasant work environment sustains both worker morale and
energy. The millennial generation has grown familiar with these challenges and so selects
their employers with caution. It is a foodie generation and treating it with delicacies is a
simple method of keeping it happier. Now, that’s the value of good food and the quality, as
some insiders know is matchless that only some of the best restaurants in the world can
challenge. A job at Facebook can be a treat and that’s why the approval ratings of the CEO
have remained so high (98% plus is a tough to match arrival rating). Most of the reviews on
Facebook show very high job satisfaction. Facebook also makes alcohol available to its
employees on Fridays. CEO Zuckerberg knows some great ways to engage his employees.
The new parents have some amazing rewards for them – parental leave, baby cash and other
forms of rewards like reserved parking spaces for the pregnant mothers. It also helps at the
retention of the female engineers.
Conclusion:
The overall picture of Facebook is of a young, happy and aggressive company. It is a young
brand and to form a clear picture would take more time. However, in this limited period it has
continued to impress its employees. At the technology firms sustaining the employees’
energy level and keeping them engaged can be a tough question. Facebook’s culture has
some inherent strengths that differentiate it from other technology brands. It has a young, fast
moving and energetic culture and environment that makes the employees feel welcome
everyday. All the benefits and perks are designed in a manner to drive higher satisfaction and
greater engagement. CEO Zuckerberg has managed things in a pretty happy manner so
everyone feels included. An environment of inclusion fosters collaboration and works to
retain employees for longer. Most technology firms face high churn rate but if you know how
to keep your human capital engaged and satisfied, you can make them create wonders for
you. Facebook has its new headquarters at Menlo Park, California. Hope it will continue to
amaze its employees and keep them happy in the coming years too. This is where the real
charm of these young tycoons like Facebook and Google lies. Very few have been able to
push the line of HR happiness this far.
Sources:
https://www.ere.net/a-case-study-of-facebooks-simply-amazing-talent-management-
practices-part-2-of-2/
https://www.ere.net/a-case-study-of-facebooks-simply-amazing-talent-management-
practices-part-1-of-2/
https://www.glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm
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