Coventry University Evaluating an International HRM Strategy Report

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Business Finance

Coventry University

Description

The detail should check on the attach document. Remember to use the Coventry Havard reference style and avoid the plagrism. Try to use relevant academic reference such as Journal article. The required reading of this course is

Human Resource Management

  • Book
  • by Derek Torrington; Laura Hall; Carol Atkinson; Stephen Taylor
  • 2017

For this assignment, you will need to take the role of a HR manager, taking part in an internal evaluation of your international organisation's human resource management strategy. As a result will be expected to submit a report with your recommendations to the HR Director.

Please select an appropriate (Multinational Corporation) MNC of your choice. Your audit is from an 'HR' perspective as it is likely that the business will establish a joint venture in the new market which will require some staff to be recruited locally and also the relocation of some expatriate staff from within your organisation to manage the new venture alongside those of your joint venture partner.

Your report should highlight the HR functions as listed below. Your report will analyse 2 only of the following HR Practices:

1. Recruitment and Selection

2. Training and Development

3. Reward Management

After selecting 2 HR practices above you have to include the following approaches to the HR practices :

In each of your chosen areas of HR practice, please identify how your recommended strategies will impact upon:

  1. I. Organisational Performance
  2. II. Employee Commitment
  3. III. Workforce Flexibility
  4. I. Workforce Quality

In addition the report should include:

The purpose of the report – a brief overview of the selected sector for the last five years and its developments and challenges and future needs. This assignment will assess all of the learning outcomes for this module.

Your data response should include an analysis, using both qualitative and quantitative data, of the following:

• Key economic drivers in the Host country

• A comparative analysis of HR systems globally

• Organisational issues that influence the development and implementation of HRM strategy (Cross-cultural training for expatriates, T&D section) and the social aspect of the host country in the (PESTLE analysis). Please use the following structure below as a guide to the content your tutor(s) will expect to see in your assignment based upon the learning outcomes being assessed.

Unformatted Attachment Preview

0 Fail M016 Rubric 0 Transferable Skills Executive Summary which is no more than one page and which sets the context of the report. Introduction and brief company profile. L01: Cognitive (thinking) Skills Explanation of the economic drivers influencing the HR strategies in the host country (i.e. PESTLE analysis of host country’s economic profile as well as other factors such as (Globalisation, Consumer Behaviour, Advanced technology etc.) L01: Knowledge and Understanding Evaluation of HRM theories that are most appropriate for your organisation to adopt in the host country, given its current economic conditions. Weight 2 (1-29) Fail 3 (30-39) Fail Poor, Unsatisfactory, Weak Inadequate, Incomplete, Limited As per grade descriptor. Executive summary and/or introduction and company profile lacking in information and relevance. Executive summary (may be less than one page). Introduction and company profile lack information therefore fails to set the report fully in context. As per grade descriptor. A very vague analysis which is difficult to follow .Poorly evaluation of data. No criticality. Lack of understanding of the key issues in the Pestle analysis and the cultural aspects Descriptive but with limited evaluation of data/ information. inadequate criticality presented. Statements are very descriptive the Pestle analysis and the cultural aspects. As per grade descriptor. Theories and frameworks Incorrect understanding of the mentioned but not relevant to the relevant theories and frameworks assignment. presented with little reference to sources used. No attempt, No submission, Absent 10% 10% 10% L02: Knowledge and Understanding Critical examination of how HRM strategies are effective in achieving goals of employee commitment, flexibility, quality and strategic integration. Application of model including design of policies and practices (such as Soft and Hard HRM) to achieve four main outcomes as per the assignment brief. L03: Knowledge and Understanding Critical analysis of the different approaches of HRM globally regarding in the chosen parent and host countries. A global comparative analysis of HR systems with a focus on 1.Recruitment and Selection 2.Training and Development . 3.Reward Management in these countries Arguments/ discussion supported with appropriate evidence with evidenced justification. As per grade descriptor. Theory mentioned but not Incorrect understanding of the relevant to the assignment about theory discussed in regards to HRM HRM strategies and its strategies and its applications. applications.. As per grade descriptor. Theory mentioned but not Incorrect understanding of the relevant to the assignment of the theory discussed of the HR systems HR systems 20% 10% L04: Knowledge and Understanding Critical evaluation of HRM strategies in relation to organisation performance. (i.e. organisational performance connected to operational performance, productivity, service quality and innovation. Additionally attitudes and behaviours of employees such as employee motivation, job satisfaction, organisational citizenship behaviour, commitment, trust in management, absenteeism and turnover). L05: Knowledge and Understanding Analysis of cultural differences influencing the implementation and development of HRM strategies to establish an appropriate standard of work to match the parent company’s expectations. L06: Cognitive (thinking) skills: Evaluation of the overall critical analysis, research skills and ability to present a coherent set of recommendations based on well researched HRM global theories and models. As per grade descriptor. Theory mentioned but not relevant to the assignment in relation to the organisation performance. Incorrect understanding of the theory discussed. In relation to the organisation performance As per grade descriptor. Analysis mentioned but not relevant to the assignment. Incorrect understanding of the analysis discussed. In relation to cultural aspects As per grade descriptor. A very vague analysis which is difficult to follow. Descriptive but with no connection from one section to another mostly incomplete global theories and models. 10% 10% 10% Transferrable Skills, Referencing and Citations Overall presentation of the management report including structure, clarity of expression, accuracy of spelling, grammar, citations and referencing, use of an appendices for additional information. As per grade descriptor. 10% Inaccurate referencing not following Harvard style One or two citations but Inaccurate referencing 4 (40-49) Pass 5 (50-59) Pass 6 (60-69) Merit 7 (70-79) Distinction Basic, Satisfactory, Acceptable Reasonable, Fair, Appropriate Competent, Commendable, Effective Strong, Proficient, Very good Executive summary is descriptive as are the introduction and company profile which could contain more information in order to set the report more fully in context. A fair attempt at providing a 1 page executive summary with reasonable articulation. Introduction and company profile are appropriate for the report, however the information source could be expanded upon. An effective executive summary is presented highlighting the key features of the report. Commendable introduction and company profile which uses a variety of information sources within the section. Overall a concise executive summary articulating the key features of the report. Strong introduction and company profile which uses a variety of quality information sources to inform the section. Descriptive, from the Pestle analysis presented and demonstrates basic connections between the data provided and acceptable level of detail provided A fair critical analysis of Pestle attempt at analysing and evaluating information/data. Some basic comments and description evident in the PESTLE analysis and cultural aspects. Thorough analysis which perhaps lacks criticality or independent research but demonstrates some effective analysing and evaluating information/data in form the PESTLE analysis and the cultural aspects. A critical analysis of the theory based on independent research, well concluded with an appropriate level of interpretation, critical evaluation and categorisation the PESTLE analysis and cultural aspects. Theories and frameworks presented Some application of relevant models and Thorough analysis and detailed are mostly descriptive, perhaps based frameworks are fair but descriptive in explanation of the characteristics and on weak sources but acceptable. places. frameworks presented with some effective application. Critical explanation the characteristics and frameworks and its presented based on upon a very good application of independent sources . Mostly descriptive perhaps based on weak sources. of the HRM strategies and its applications. Some applications of theory are fair but Thorough analysis and present descriptive in places of the HRM detailed effective explanation of the strategies and its applications. HRM strategies with some applications. Some applications of theory are very good in critical analysis and in places of the HRM Strategies Mostly descriptive perhaps based on weak sources. of the HR systems Some application of theory are fair but descriptive in places of the HR systems Applications of theory are very good explained in places of the HR systems Thorough analysis and present detailed effective explanation of the HR Systems Mostly descriptive perhaps based on weak sources. of the organisation performance Some application of theory but Thorough analysis and present descriptive in places of the organisation detailed explanation of the theory performance but fair with some application of the organisation performance which is effective Critical explanation based on independent sources of the organisation performance is relatively proficient Mostly descriptive perhaps based on weak sources pf analysis of the cultural aspects Some discussion about the cultural aspect are analysis areas fair Thorough analysis and detailed Critical explanation based on explanation of the cultural aspects are independent sources of the cultural effective aspects are relatively proficient Descriptive, draws some conclusions from the analysis presented satisfactory the global theories and models. Critical analysis of a range of models, with logical conclusion are fair of the global theories and models.. Thorough analysis which perhaps lacks criticality or independent research are effective of the global theories and models A critical analysis of the theory based on independent research, well concluded are proficient of the global theories and models. Several mistakes in both in-text citations and reference list Minor mistakes in either in-text citations Consistent referencing throughout. or reference list Only one or two mistakes. Proficient referencing throughout. Only one or two mistakes. 8 (80-89) Distinction 9 (90-99) Distinction 10 (100) Distinction Articulated, Highly impressive, Excellent Superb, Outstanding, Original Faultless, Publishable, Industry standard Highly impressive executive summary which clearly articulates key features of the report. Well articulated introduction and company profile which uses an excellent variety of quality sources to inform the section. Superb executive summary that clearly and rationally articulates key features of the report. Original introduction and company profile which uses an outstanding variety of quality sources to inform the section. Industry standard executive summary that clearly and rationally articulates key features of the report. Faultless introduction and company profile which uses an outstanding variety of quality sources to inform the section. Highly critical analysis based on independent research with solid conclusions with n excellent ability to interpret, critically evaluate and categorise the PESTLE analysis with a range of implications for the cultural aspects are explored. A balanced critical analysis using a range of sources for each argument presented with an outstanding ability to interpret, critically evaluate and categorise to an exceptionally good standard. Inter-relationships are clearly developed and illustrated the Pestle. Implications are fully explored Perfectly balanced debate, highly articulated and definitive conclusions and . present a faultless ability to interpret, critically evaluate and categorise to an exceptionally high standard. Interrelationships are clearly developed and illustrated of the PESTLE analysis Implications are fully explored. With excellent justification are offered. Detailed, critical explanation of the characteristics and frameworks presented, based on a range of sources are highly impressive. Highly detailed, critical explanation of A faultless piece of work with new insights the characteristics and frameworks brought to the study. presented, based on a range of quality sources are original Demonstrates an articulate detail understanding of the HRM strategies and its application. Demonstrates an outstanding understanding of the HRM strategies and its applications Applications of theory are excellent of Demonstrates an outstanding the HR systems understanding of the HR systems Demonstrates a faultless understanding of the HRM strategies and its applications Demonstrates a faultless understanding of the HR systems Detailed, critical explanation based on a range of sources. Of organisation performance which relatively excellent Highly detailed, critical explanation A faultless piece of work with new insights based on a range of quality sources of brought to the study. Of organisation the organisation performance which performance which are of high standard are outstanding Detailed, critical explanation based on Highly detailed, critical explanation A faultless piece of work with new insights a range of sources of the cultural based on a range of quality sources of brought Of the cultural aspects which are aspects are excellent the cultural aspects which are of high standard outstanding Highly critical analysis based on independent research with solid conclusions and excellent global theories and models. A balanced critical analysis using a range of sources for each argument presented are outstanding of the global theories and models Perfectly balanced debate, highly articulated and definitive conclusions are of high standard of the global theories and models. Consistent and accurate referencing, all citations include a page number. Consistent and accurate referencing, Consistent and accurate referencing, citations include page number. A large citations include page number. Impressive number of sources used. number of sources used. TABLE OF CONTENTS 1. Executive summary 9. 2. Introduction 3. Company profile (suggest to use BBC to search) 4. Industry drivers a. Host country profile b. PESTEL analysis c. Why to go there? d. Examine the cultural aspect Host and Parent countries (Hofstede model comparative anlysis) https://www.hofstedeinsights.com/product/compare-countries/ 5. HRM Practices Your report should highlight the HR functions as listed below. Your report will analyse 2 only of the following HR Practices: a. Recruitment and selection (explain the entire topic characteristics ,then apply to these strategies) b. Training and development (Explain the entire topic characteristics ,then apply to these strategies) c. Reward management (explain the entire topic characteristics ,then apply to these strategies 6. Conclusion 7. Recommendations 8. References Explanation: How your recommended HRM strategies will impact upon: i. Organisational Performance ii. Employee Commitment – iii. Workforce Flexibility iv. Workforce Quality i. Organizational performance management is the process of making sure that the organisation resources are being properly used to achieve organisation goals. ii. If an employee is affectively committed to their organisation, it means that they want to stay at their organisation. They typically identify with the organisational goals, feel that they fit into the organisation and are satisfied with their work. iii. A flexible workforce is one that grows in number to meet needs at any given time and falls back to a baseline number when the increased size is no longer necessary. ... For the employer, the major benefit of the flexible workforce is lower payroll and other employee-related costs. iv. Workforce Quality Concepts that include superior technical abilities, excellent communication, effective interpersonal skills and strong capacity for self-management. Employees might walk through the door with some of these characteristics but need strengthening in specific areas. Suggest table of Contents Coursework 1 Assignment Brief, Assignment Guidelines and Rubric Assignment Brief Assignment Number and Weighting Coursework 1 Anonymous No marking 100% Submission See Moodle Date and Time submission link Expected 14 working days from the return of deadline feedback and marked work Assessment is No made up of multiple submissions Submission Procedure Electronically via Moodle (Turnitin) ONLY Word Count 3000 Assignment Title Evaluating an International HRM Strategy Assessment Learning Outcomes This assignment is designed to assess learning outcomes: L01: Critically examine the economic drivers in the international business environment that influence HRM strategies and evaluate the main HRM theories and models in relation to economic drivers. L02: Evaluate the effectiveness of HRM strategies in achieving the goals of employee commitment, flexibility, quality and strategic integration L03: Critically Analyse the differences in approach to HRM Globally and outline possible reasons for such differences L04: Critically evaluate the theory and evidence about the relationship between HRM and organisational performance L05: Analyse the organisational, national and cultural specific issues that influence the development and implementation of HRM strategy L06: Demonstrate the management skills required in international business to successfully engage and win support from key stakeholders Details of the task For this assignment, you will need to take the role of a HR manager, taking part in an internal evaluation of your international organisation's human resource management strategy. As a result will be expected to submit a report with your recommendations to the HR Director. Please select an appropriate (Multinational Corporation) MNC of your choice. Your audit is from an 'HR' perspective as it is likely that the business will establish a joint venture in the new market which will require some staff to be recruited locally and also the relocation of some expatriate staff from within your organisation to manage the new venture alongside those of your joint venture partner. Your report should highlight the HR functions as listed below. Your report will analyse 2 only of the following HR Practices: 1. Recruitment and Selection 2. Training and Development 3. Reward Management After selecting 2 HR practices above you have to include the following approaches to the HR practices : In each of your chosen areas of HR practice, please identify how your recommended strategies will impact upon: 1. I. Organisational Performance 2. II. Employee Commitment 3. III. Workforce Flexibility 4. I. Workforce Quality In addition the report should include: The purpose of the report – a brief overview of the selected sector for the last five years and its developments and challenges and future needs. This assignment will assess all of the learning outcomes for this module. Your data response should include an analysis, using both qualitative and quantitative data, of the following: • Key economic drivers in the Host country • A comparative analysis of HR systems globally • Organisational issues that influence the development and implementation of HRM strategy (Cross-cultural training for expatriates, T&D section) and the social aspect of the host country in the (PESTLE analysis). Please use the following structure below as a guide to the content your tutor(s) will expect to see in your assignment based upon the learning outcomes being assessed. Other Guidance on the expectations and requirements of the assignment information will be offered in class during lectures and seminars. Assignment Guidelines Structure You have been asked to produce a report. It should contain the following: • Appropriate coversheet • Title Page, including the given title in full. • Contents Page • Introduction • Main body, which should also be organised under appropriate headings. • Conclusion • Appendices, which should be numbered. o Make sure you refer your reader to them as required. Layout Your work should be word processed in accordance with the following: • Font style, Arial, font size 12 • 1.5 line spacing. • The page orientation should be ‘portrait’ • Margins on both sides of the page should be no less than 2.5 cm • Pages should be numbered • Your name [should/should not - delete as required] appear on the script. • Your student number should be included on every page.
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Explanation & Answer

Hey, these are only 6 pages without references and citations, I'll start on the recruitment and training sector later on then upload the entire work with references, conclusion and appendix. You can start going through the uploaded work and let me know in case you need any changes. Before the end of tomorrow I will have finished the whole assignment.

EVALUATING AN INTERNATIONAL HRM STRATEGY

EVALUATING AN INTERNATIONAL HRM STRATEGY

Course
Professor’s Name
Institution
Location of Institution
Date

1

EVALUATING AN INTERNATIONAL HRM STRATEGY

2

Executive Summary
Human resource management (HRM) happens to be a strategic method for the successful
management of individuals in an enterprise such that they assist their businesses in obtaining a
competitive benefit. Therefore, HRM is the exercise of hiring, training, reimbursing, and
establishing plans connected to the workplace, and even creating strategies to keep employees.
HRM tends to deal with the new employee’s recruitment and also manages redundancy for
organizations that need to diminish. HRM also happens to run orientation programs to present
new employees to the organization’s purposes and plans. In general, HRM warrants the smooth
running of the workforce in an organization. The primary roles of the HRM are employee
recruitment and compensation and delegating work. HRM also focuses on finding an excellent
means to maximizing a company’s productivity via its workforce.
Human resource management has gone through numerous transformations over the past
twenty years, making it essential for companies. Hitherto, HRM focused more on the
administrative function instead of a strategic role vital to the achievement of the company. The
human resource department has changed drastically from the administration task-oriented nature
it utilized back in the 1980s, and it gets currently perceived as a strategy-concentrated
augmentation of each organization. The HR department tends to flourish on certain principles,
which are commitment and competence. Numerous managers happen to deal with motivation,
compensation, and also safekeeping of the workforce.
Key Words: Human Resource Management, Employee recruitment, and compensation,
Company productivity

EVALUATING AN INTERNATIONAL HRM STRATEGY

3

Introduction
Human resource management happens to be an exercise in an organization established to
increase employee performance to achieve the employer’...


Anonymous
Really great stuff, couldn't ask for more.

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