Microsoft CORPORATION
HUMAN RESOURCE MANAGEMENT STRATEGY
EXECUTIVE SUMMARY
The Company Profile: Microsoft Corporation
Importance of Strategic Human Resource Management
Talent Management Strategies
Compensation and benefit packages for employees
Policies and practices for Labor relations management
Comparison with the Competitors
Conclusion
OBJECTIVES OF THE HRM STRATEGY
To design effective talent management strategies; including recruitment and selection, motivation and retention, performance management, etc.
To design competitive salary and compensation packages and decide their major components.
Develop policies and procedures for building and managing strong labor relations.
Identifying the issues and challenges in strategic Human Resource Management.
Comparing and contrasting the HRM strategies and practices of Microsoft Corporation with those of three other organizations in the same industry.
INTRODUCTION: MICROSOFT CORPORATION
History (Founded: 1975)
Key People (Bill Gates: Chairman)
Products and Services (Operating systems, servers, smart phones, games, and web services)
Location and Scale of Operations (worldwide)
Employees (94,000)
Competition (Google, IBM, Dell, HP, Yahoo, Apple, Oracle, etc.)
OUTLINE: HUMAN RESOURCE MANAGEMENT STRATEGY
Talent Management
Recruitment and Selection
Training and Development
Motivation and Retention
Leadership and Supervision
Compensation and Benefit packages
Labor Relations
Labor Unions
Peaceful
The purpose of this reflective paper is to show my understanding along with what I have learned about HRM (human resources management) and the different way HRM impacts the success behind every business, along with the rules and regulations that go with it. Over the last five weeks I have learned quite a bit about HRM and will reflect on that throughout this paper. “Human resource management is the managing of human skills and talents to make sure they are used effectively and in alignment with an organizations goals.” (Youssef, 2012). I will be including the things I learned throughout the last five weeks in this
Different scholars have defined the nature, scope, importance & purpose of HRM in different ways. Listing all the definitions given to HRM by the scholars in the field lies beyond the scope of this study. Given that, an attempt was made to select the most comprehensive and relevant definitions of HRM to this subject of study as follows:
operates has changed dramatically in thelast half century. Not surprisingly, therefore, the HRM concepts and practices being created and carried Ollt today are also increasingly different from those of the past. Planners and practitioners who understand this and who also have a way LOanticipate the coming changes and needed HRM a practices of the future will provide thcir organizations Wit11 strate. gic competitive advantage. It is our view that virtually all the changes we see in HRM concepts and practices are in response to changing social,
To begin evaluating strategic human resource management approaches, one must first understand the concept of human resource management and how it came to be. Human resource management stemmed from what use to be called personnel management in the early 1940’s. The term human resource management (HRM) was first used in the United States and it suggests to some that “employees were an asset or resource-like machines, but at the same time HR also appeared to emphasize employee commitment and motivation” (CPID, 2016).
For an organisation to attract talent successfully, as part of the talent planning policy it needs to identify and assess what factors affect its approach to attracting talent. For example:
As previously stated Microsoft’s success regarding career development, and the implementation of human resource strategies rests upon three factors: the ability to recruit and retain quality talent; the ability to ensure that the aforementioned talent receives the tools required to achieve; and the fostering of continual innovation and reinvention.
Working for respectable companies based in America and Great Britain can carry wonderful benefits. The Human Resource Department must give attractive packages to appeal to skilled workers when expanding outside of the US. Bridging the gap when salaries are not as attractive can be achieved by providing other befits like healthcare, covering the cost of additional educational expenses for employees, tuition cost for children. Benefits become expensive when working with scores of people nationally and internationally. Human Resource Management plans for these types of expenses based on location and country the organization will be expanding to, overhead cost must not exceed what the organization can afford. As the organization began recruiting members of the team, it is vital to have the correct personnel be hired. Hiring the wrong people for the job can be very costly. Starting with the leadership team who will be expected to train and ahead of time to be prepared to work with others in a new setting. With conflicts breaking out around world knowing who the company is working with cannot be taking lightly. Knowing who the stakeholders are and who the company adversaries are can save money and lives. Decisive leadership in an international context is essential to high productions and partnerships globally.
Wright and McMahan (1994) define strategic HRM as “the pattern of planned Human Resource deployments and activities intended to enable the organisation to achieve its goals.” A HR function should impact the success of an organisation; a policy must remain current and suitable to both the internal and external environment. Ulrich and Lake (1990) affirm, ‘HRM systems can be the source of organisational capabilities that allow organisations to learn and capitalise on new opportunities.’
(Jain, 2014). Jain (2014) provides key insights on strategic HRM, its process, key features, advantages, as well as limitations. This journal analyses how strategic HRM should be used, since it improves performance and develops a culture within the company that provides innovation, flexibility, and competitive advantage (Jain, 2014). Jain’s (2014) theory explains that HR
Turning toward the human resources management (HRM) perspective, companies now include HRM as a strategic partner in accomplishing the goals of the organization. The human resources professional does not operate in isolation, but is an integral part of any organization’s strategic planning team. The human resources director “is first a business partner of the organization and then an human resources (HR) professional” (Purushotham, 2009, p. 177). The scope of the HR professional is to interpret the strategic goals of the organization, and create total compensation packages that will attract and recruit high-value targets for candidacy while being mutually beneficial for both the organization and the prospective employee.
Author John W. Boudreau, Ph.D., presents a compelling case study of how IBM totally restructured its HR organization. According to Boudreau (2010), “IBM had created a unique workforce management initiative (WMI) that reflected the increasing need for global organizations to have a transparent and comprehensive view of their talent supply, requirements and implications for business strategy” (p. 1). A close examination of IBM’s realignment of its HR function seems to show a move towards flattening out its HR organization in order to make it more responsive in a global market where business strategies change rapidly and more closely align IBM’s HR strategy with the company’s business strategy. The purpose of this paper is to describe the
The purpose of this essay is to analyze the latest news of Microsoft’s restructuring plan in order to understand whether Human Resource Management is for people with the help of its functions. According to Byars and Rue (2006), “Human Resource Management (HRM) is defined as a system of activities and strategies that focus on successfully managing employees at all levels of an organization to achieve organizational goals and to manage the workforce of the organization’s human resources”.
In order for the organizations to be competitive, they must retain their competent employees. For this they should understand the relationship between HRM practices and retention of employees. These relationships for some selected HRM practices are given
As the world is turning out to be more aggressive and unstable than any other time in recent memory, producing based enterprises are looking to increase upper hand at all cost and are swinging to more inventive sources through HRM practices (Sparrow, Schuler, & Jackson, 1994). HR practices has been defined by (Smallbusiness.chron.com, 2016) as “the means through which your human resources personnel can develop the leadership of your staff.”