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MBA - HRM

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  Soft HRM Concept for Effective Employee Performance Introduction Human Resource Management (HRM) is a crucial function for any organizations because organizational success is a dream without skilled and capable employees. HRM can be categorized into two aspects such as Hard HRM and Soft HRM   (Prowse & Prowse, 2010) . Hard HRM is associated with the basic HRM roles and Soft HRM aspects are advanced HRM roles. Hard HRM is task oriented and soft HRM is people-oriented   (Cook, et al., 2016) . Figure 1 – Hard Vs. Soft HRM (Source: Tutor2u,2019) Soft HRM Soft HRM focuses on human aspect such as ensuring trust, employee development, effective relationships with employees etc. Soft HRM emphasizes individuals’ emotional aspect and inner desires. Soft HRM tend to treat people as the most vital resource in the organization to gain competitive advantage. Employees’ preferences and requirements are largely concerned by employers under the soft HRM. Continuous appreciation...

MBA - HRM Blog 9

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  Michigan Model of HRM Concept for an Organization Introduction M ichigan model or matching model describes hard HRM aspects as this model stresses employee treatments in order to reach organizational goals and objectives. Human resources is considered as a resource for achieving organizational objectives   (Tiwari, et al., 2019) . This model is introduced by Devanna et al., (1984), Michigan school of business in U.S., and the model projected that HR actions and organizational actions should congruent   (Truss & Gratton, 1994) . Figure 1 - Michigan Model of HRM (Source: Truss & Gratton, 1994) According to this model, organization is grounded on its mission and strategies, human resources and structure of the organization. Similarly, political, cultural and economic forces impact for organization  (Tiwari, et al., 2019) .   Michigan model focuses on,          I.       Hard HRM aspect       ...

MBA - HRM Blog 8

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  Intrapreneurship innovation for the learning organization   What is Intrapreneurship?? It is a phenomenon that empowers the employees within an organization by valuing their ideas and converting them into a profit-making model in the business   (Prachi, 2019) . The employee as an intrapreneur has to create in ventures through market gaps utilizing the organization’s resources cost-effectively. The organization would stand the associated risks and the loss if the intrapreneur’s project failed but the intrapreneur must take only the calculated risks   (Bui & Baruch, 2010) . What is Learning Organization? Learning organizations are where the people in the organization continually expand their capacity to create the results that they desire. They always think on new and expansive patterns of thinking which people continually learn to see the whole together   (Senge, 2019) . Source:  (Ellagrin...

MBA - HRM Blog 7

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  Importance of Intrapreneurial mindset in an organization Intrapreneurship?? Intrapreneurship also known as corporate entrepreneurship in an existing organization. It was initiated by Susbauer in 1973 after understanding of the concept of entrepreneurship. As   (Rekha, et al., 2015) explain intrapreneurship is the entrepreneurship spirit of the employees working in established organization.   M indset?? Mindset is the way the brain and the mind of individuals accept processes, analyze or perceive and reasoning to the incoming information through the senses (Yunus, 2014) . (Source: Surbhi, 2017) Entrepreneurship Vs Intrapreneurship Table 1: Entrepreneurship Vs Intrapreneurship Entrepreneurship Intrapreneurship Intuitive approach Restorative approach Utilize own resources  Utilize resources from the company Independent Dependent on the company  Enterpri...

MBA - HRM Blog 6

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  Key Performance Indicators for Digital Recruitment Process   Introduction I t is crucial to have a skilled and capable workforce within any organization to achieve organizational goals and objectives. Thus, it is essential to recruit the right individuals to the right position at an effective cost. Accordingly, recruitment is a crucial function of HRM to ensure a capable workforce within organizations. Contemporary organizations tend to move beyond the traditional recruitment processes and they tend to digitalize the recruitment practices with the COVID 19 pandemic. However, most organizations become failures due to inabilities with establishing the most appropriate Key Performance Indicators (KPIs) for the recruitment process   (Ingersoll, 2020) . Digital Recruitment Digital recruitment activities are based on the different technologies to source, fascinate, evaluate, select and hire candidates for organizational positions. Caree websites, social media, Onli...