my article on hrm &hrd
TRANSCRIPT
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ManagementSummary of Article no 1 & Answers of Case no 1
Ali Imam
Submitted to:
Prof.Dr.Khawaja Amjad Saeed
Submitted By:
.Ali Imam
....E11MBA007
....A ( Banking & Finance )
Hailey College Of Banking and Finance
University Of The Punjab,Lahore
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Assets are the backbone of any kind of business but the humansresources are the brains of any kind of business. A business cannot be start with out
assets but that business which start by assets cannot be run without brains of humans
which leads to the effective results and with higher profit.
In last decade especially this 21st century is the century of HRM
and HRD. In every kind of organization no work is done without use of effective
workforce.
Basically the concept of management is depend upon 5ms . From
them the first M is Men, the most prominent and useful and considers the first step toget the last step of management stairs. Others are material, machine, money,
management. Helpful for getting the objectives of organization like profitability,
productivity, growth, leadership and market penetration including two external
objective meeting corporate social responsibility and successfully handling environment
issues.
First international conference whose themewas Human
resource management & development showed better result. But after the 2nd
International conference a boom is come in the field and does wider scope of HRM in
creating wealth. The cricket eleven approaches add a great value in it and HRD becomean efficient and important tower to build organization.
Education is compulsory for economic development:
In developing Countries only democracy can never change the
economy. People should be educated to make it happens. It is suitable in countries
whom have per capita income above from US$1000.
Therefore the department of education is compulsory for them
without education the economic growth and economic welfare of society. It can be
define as:
A literate economy can gain more than from an illiterate economy. They knowhow to idealize and implement and efficient way.
Every economy should literate and equip them from the knowledge ofinnovationbecause this century is of innovation.
Article no 1:
Human Resource Management And Development
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Purpose of Human Resource Development:
The main purpose of HRM is to make prosper the organization
through four Ms i.e. men, material, machine, money. When these all aspects use
properly than wealth will produce for the nation, organization and employees.
Activities in HRM:
The HR activities of the organization are vast. The activities can be listed out as:
1. General Administration of the employees.
2. Manpower planning
3. Recruitment and selection.
4. Payroll and compensation.
5. Induction and training.
6. Performance appraisal.7. Designing the Salary structure.
8. Studying the Attrition rate and employee retention.
9. HR - Information system.
10. Preparing HR Budget.
11. Periodical review of the employees and implementing strategies leading to Employee
satisfaction.
12. Adhering to the statutory compliances like PF, ESI and other beneficiary activities.
Challenges for Human Resource Management:
Businesses are facing a paradoxical and challenging equation for
2012. On the one hand the crisis make them wonder about the future and how to have as
little exposure as possible to what looks like a major threat. This usually makes them
freeze their projects and get rid of anything that may load. That, beyond the economic
crisis, theres a crisis of management and organization models that caused the erotic
behaviors that lead us to the point were now.
So theres at the same time the reflex of keeping quiet, still and the feeling that a new
way to recovery has to be found.
Three main points: Attracting and retaining talents is less important than one year ago (76% vs 80%) Training and education budgets will be downsized by 34% respondents Organization transformation is the new priority (80%)
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Suggestions:
On the other hand, if the purpose is to adopt a model based on
agility, resilience, a more organic form of organization, the future may look more
promising.With whats expected for 2012, faster market transitions and shorter cycles,crisis or not, its essential to adopt agile and resilient models..
The structural inability to keep up with the pace of the knowledge economy then of the
digital economy made businesses look for their growth on financial market rather than
operational excellence and innovative business models. We all know the result.
As Jack Welsh said: When the rate of change outside exceeds the rate of change inside,
the end is in sight
Information Technology & HRD :
IT & HRD is the need go 21st century .In other words HRD and
IT have the relation of soul and breath. Without IT, HRD will never be happen. A person
should equip him with every useful software.
SAARC Positions:
In most recent analysis Norway as usual in the Top by 0.963
HDI and Niger is on the last because of 0.281 HDI.
# SAARC country Names Rank HDI
1 Srilanka 94 .745
2 Maldives 96 .745
3 India 128 .602
4 Pakistan 136 .527
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Suggested Model :
Specialized centers of excellence focused on enterprise programs. Shifting of resources to those parts that have differentiated human
capital. Distributed Leadership. Job Rotation. The heads of the COE groups, CRMs and solution centers must be
peer. Communication. Leadership Team Design. Building a Decision Science for HR.
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Q1.
Was it a good decision by Sultan Khan to purchase a sick Unit and to invest money in
Pindi Electronics Industries Ltd, to expand His business?
Ans.
Basically it was a good decision to open that type of Industry in thatkind of country in which the product demand was increasing with the passage of time.
But he had to think about theHR department of his Industry. He had not any skilled
staff so that all the problems which occurred cannot be accomplished with out skilled
workforce, two years training by Japanese engineers was not enough for them. So in all
circumstances and under each aspect we will consider it a wrong decision by him.
Q2.vg
Why did the principal of Katko Co. Japan sell service right to another company in
Pakistan?
Ans.
After seeing their poor performance, due to the disturbance in
production because ofdamage furnace from the 1st day of business of lowproduction,
Principal decides to sell his serving rights to another company in Pakistan.
Q3.
How should Sultan Khan overcome to current crises?
Ans.
Sultan Khan has blended of money as he is 1 of the member of richest families
in Pakistan. But in field of industry only money can not lead to success he have to work a
lot in this department. Especially the issue of Human resource management (HRM)is
burning issue in his Company .He want a skilled workforce in every segment of it. He
has to develop a more effective organizational chartand to implement on it seriously.
Case No 1.
Katko Electronics Industries Ltd.
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Chairman
DirectorMArketing
ResidentDirector
Director ofProduct
MArketing
Productmanager
regional salesmanager
District salemanager
Sales manager
Sales manger
Sales manager
Sales manger
Research andCompetative
Analysis
Director OFMArketing
Communications
Corporate publicrelations
Creative services
Program
Director Admin& StaffKarachi
H/O
DirectorPerssonal andStaff At K H/O
Director FinanceDirectortechnical
Consultants
Chief Engineer
Suggested Organizational structure: