HRM practices

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Discuss HRM practices in your organization and how it supports the overall organizational performance goals. Critically review and evaluate any HR process in your organization and how it can be improved to meet specific business challenges and overcome them.

 

How do HRM practices influence organizational behaviour? Identify any two HRM practices and their influence on performance and behavioural outcomes in your current organization. Critically analyze the outcomes of the specific practices and evaluate its effects.

 

 

 

Assignment Task 2: [20 marks] word limit 1500 words

 

Discuss any 2 leadership styles and critically analyze the advantages and disadvantages of these styles in your industry. Identify the most conducive leadership style to promote performance in your company with discussion and critical reflection on why you think it is so.

 

Sample Solution

H.R.M Practices

H.R.M practices can be defined as the policies and practices required to perform the routines of human resources in an organization, such as employee staffing, staff development, performance management, compensation management, and encouraging employee involvement in decision making. Common metrics for assessing HR compliance include: percentage of employees trained in company policies, salary competitiveness, and diversity rate/employee demographics. Effective strategies on how to improve your human resources operations include: improving your hiring process, educating your employees, being clear about expectations, working on reward programs, utilizing HR software, and to be honest with your employees and think about their well being. H.R.M practices provide job holders with the ability and opportunity to exercise a higher degree of perceived influence over task- related decision that encourage more potential interaction with supervisors and fellow co-workers, and thus leads to more conducive work environment for employees.

The bargaining power of suppliers

This factor determines the extent to which suppliers can influence the price on organization. When there are a lot suppliers in the industry, organizations can switch from one supplier to another as long as the price is the lowest in the market and vice versa (My Accounting Course, 2019).

The number of suppliers in the milk industry is a lot. This means that A2 Milk has a lot of choices when it comes to who to get supplies from. This makes the bargaining power of supplier low. However, despite high number of suppliers, the suppliers do no compete within the industry for products, which means that A2 company can only purchase what the suppliers provide. This gives the supplier a high bargaining power. To sustain in this competitive industry, A2 milk can get supplies from multiple suppliers, more flexibility within its supply chain. Or they can encourage better relationship with the supplier can benefit on both sides.

The extend of rivalry between competitors

This factor determines competitive level in the industry, whether does the firms have control over the prices of goods and services (My Accounting Course, 2019).

If the rivalry among the existing companies in this industry is intense it will result to decrease in prices and profitability. A2 Milk operates in a very competitive industry. This competition does take toll on the overall long term profitability of the organization. To stay in such a competitive market, A2 Milk needs to focus on differentiating its products so that competitors will have less effect on its customers that seek its unique products. As the industry is growing, A2 Milk can focus on new customers rather than winning the ones from existing companies. The A2 Milk can conduct market research to understand the supply-demand situation within the industry and prevent overproduction.

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