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FWD HR Management Assignment
FWD HR Management Assignment
FWD HR Management Assignment
MANAGEMENT
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Table of Contents
Section 1: Short answer responses..............................................................................2
Section 2: Essay...........................................................................................................8
Introduction...............................................................................................................8
Impact of covid-19.....................................................................................................9
Conclusion................................................................................................................9
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Section 1: Short answer responses
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If a new organization comes to the market it has an expectation of gaining
experience and competitiveness and support from its top management firms. But if it
has a lack in getting the required support from the firms and organizations of the
topmost management team then the new organization has to undergo various
challenges.
As the definition suggests, the quality and structure plays an essential role in the
SHRM. If the organization uses a premium and good quality of resources and
manages it well then the firm and organization benefits. Moreover the usage of such
goods helps the company gain a competitive market and place in the market and this
competition arises from the feedback and care provided to the consumers and
customers. If these requirements are not provided then it's a huge challenge for the
firm and organization.
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Psychological Needs: This is the lowest level in the hierarchy. These are
individuals' primary necessities that must be fulfilled in order for them to survive. The
physiological needs of food, water, air, and health should all be supplied in favour to
progress forward up the hierarchy. If all these requirements aren't fulfilled, a person
would be strongly driven to meet them initially, while the remaining levels of needs
will offer him with only a small amount of inspiration.
Safety Needs: These requirements are essential once the physiological or basic
requirements are fulfilled. Then there's the issue of safety and wellbeing. Individuals
begin to sense the need for a safer environment to live in, such as a home, a safe
area, consistent income, and so on.
Social Needs: Individuals chose to go on and strive to fulfil their social wants since
the lower demands of the hierarchy are satisfied. Because a person is a social
creature that exists in community, humans has a strong need to contribute to and be
recognized by everyone. At this point, a desire, compassion, and connection arise.
As a result, at this level, relations are built.
Esteem needs: These include the need of appreciation, status and acceptance from
the community. When individual’s social needs have been met they turn their
attention to their esteem needs. This gives them a sense of authority and are self-
assured
Self-Actualization Needs: This is the last need on the Maslow’s hierarchy. It alludes
to the necessity to reach one's maximum capabilities. These requirements are linked
to the enhancement of one's personal skills that could be applied in a variety of
alternative circumstances.
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utilising sufficient resources. After determining the overall cost of recruitment, the
business could prepare and spending plan accordingly for the long term.
Time to fill: One of the most popular employment indicators that firms use to
measure the success of their hiring process is time to fill. This indicator can be
measured in a variety of manner, like the time required from the beginning of the
search to the acceptance of an offer, or the time spent on each application.
The key objective of a recruiting and selection program is to create an open and
consistent recruitment strategy that enables Human resource professionals to
choose the best people for the position purely on qualifications and fit. Recruiting the
proper individuals is essential to a strategic and long survival of the firm.
The human resource planning is divided into four phases that are:
HR supply: The initial stage of HRP is to determine the existing HR supply of the
firm. For instance, the HRM analyses the organization's capability depending on the
number of people, their capabilities, credentials, roles, benefits, and work quality.
HR demand: In the next stage, the firm must identify its employee’s prospects.
Bonuses, retrenchments, redundancies, and transfers that influence a firm's future
demand all be handled by the Hrm.
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Implementing changes: The HRM of the firm produces strategies to address those
shortcomings depending on the demand projection developed after assessing the
shortfalls in HR supply and demand. Implementing effective interaction initiatives,
transfer, employee training, hiring, succession planning, guidance and development,
and proposed changes are all instances of this. These strategies are then enacted,
with the management' involvement, to ensure a seamless and successful
implementation. It is essential to ensure that the analysts adhere to all regulatory
requirements in order to avoid potential failures arising from the personnel.
Unitary Approach: The Unitary approach to industrial relations is built on the notion
that when the focus is on the common purpose, everybody gains, employers, and
the authorities. Conversely, under a unitary approach, industrial relations is
characterised by interpersonal interaction, partnership, as well as a common
purpose, among other things. Whether there is any disagreement at workplace, it is
regarded as a one-time occurrence caused by faulty personnel administration.
Workers, on the other hand, generally receive and agree with administration. Eitcher
Tractors' Alwar facility is an example of unitary approach
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by giving employees minimal salaries. This, however according Labourers, is a case
of wage slavery.
Section 2: Essay
Introduction
The covid-19 pandemic has a global impact on humans and has formulated many
challenges for the upcoming and current business holders. Thus it's a human crisis
and several changes have been made in the work context such as from working at
sites and offices have been shifted to work from home which has created a tension
and challenge to the HR of the companies and organizations. This has created a
global impact on the working pattern and the experience of work too has been
impacted. The relationship between the employees and Hr has been shifted to digital
conversation which affects and makes the failure of the functioning of Hr.
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Covid-19 and HR functions
Remote working has become a permanent work plan and force for many companies.
The Hr in those cases has to monitor the employee and have a track of the work by
maintaining a record and sending and evaluating the work progress of the business
as a whole. In the meantime the Hr shall also keep a track of each employee and
allocate and communicate whenever necessary.
Besides monitoring the progress, another major challenge for the HR is maintaining
the culture and decision to be made. Since the work pattern has shifted the HR must
communicate with the employee and make decisions which are helpful because the
economy is impacting the business and its outcome. By engaging the employee and
demonstrating commitment will help the HR in maintaining the culture and ethics of
the business and organization.
Most crucial is the retention and talent obtained. It means that most companies have
taken up decisions of closing the hiring of new employees due to the pandemic and
economic crisis. In doing so the company is unable to get talented and professional
workers. This is hampering almost all the businesses and organizations. But the HR
must maintain the reputation of the organization and business by treating the
employees and taking care of the health and business at the same time.
Impact of covid-19
The current situation educates the business holders about the VUCA concept. VUCA
stands for Volatility, Uncertainty, complexity and ambiguity. Under this concept the
business holders are able to take decisions and solve the upcoming problem in the
future which will help the business gain the economy and overcome the challenges
faced.
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Conclusion
The role of HR is playing a vital role in the operational and strategic functioning of
the firms and organizations in this current pandemic crisis. In the first place the
pandemic has changed the working pattern of the employee and there is a change in
the mode of working. Secondly the impact of pandemic on the role of HR and
business has been analyzed. Lastly, the over dependence on e-commerce has a
negative impact on the ongoing business trends.
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