Human resource planning and development t2

Human resource planning and development t2 Q) It could be said that international recruitment is the most important HR function within LVMH. What argument would you use to support this view? Ans.) 1) Recruitment is the process of searching and attracting potential applicants to a company. All companies, at one time or another, engage in recruiting activity, though the extent to which it is carried out, vary. The increasing globalisation of the marketplace combined with an increasing shortage of skilled staff and advances in technology have resulted in large scale changes to recruitment practices throughout the world. Attracting staff from overseas remains a challenge for human resources, due to a low rate of labour market mobility. Deciding how best to publicise a vacancy is just one element of how to devise a successful international recruitment strategy. It is important to remember that most workers dont automatically think about looking for a job abroad. It is only when they see a vacancy that they might seriously consider relocating. It is therefore crucial to not just post a job somewhere and wait until candidates reply, but rather to tailor each vacancy according to the factors that motivate the potential applicants that are targeted. This research reveals that those motivations vary from country to country so any international recruitment strategy must be informed by these cultural differences. Cultural and language differences are the biggest barriers for international recruitment strategies (43%), followed by legislative problems (31%) and the difficulty in checking candidate qualifications and references (26%). Companies in mainland Europe prefer to recruit from neighbouring countries, whereas firms in the UK have no particular preference regarding the country of origin of their foreign employees. Almost 40% of British people would be amenable to working in another country for more than five years. However those from Nordic countries (Norway, Sweden and Denmark) prefer to return home within two years. 2) One of the first lessons global corporations learn is that it is far cheaper to hire competent host-country national than to send their own executives overseas, for foreign service employees typically cost two to three times the salary of comparable domestic employee, and often many more times the salary of a local national employee in the assignment country. For example, General Motors typically spends $750,000 to $100,000,0 on an executive and his or her family during a three years stint abroad. The costs of doing business are often much higher overseas than in the USA. Consider office space as an example. In USA, rent per square foot ranges from about $21 in Los Angeles to $36 in midtown Mahatteam. By contrast, rents expressed in U.S. dollar average about $49 in Paris and Frankfurt and $61 in London. In such Asian cities as Bombay, Beijing, HongKong, and Tokyo, dollar rents range from $64 to $101. Of course, these costs fluctuate with international exchange rates relative to the U.S. dollar. On top of the high costs of such items as office space are the costs incurred by a high failure rate among expatriatesbetween 16 and 40 percent of all Americans sent overseas. For all levels recruitment, relocation expenses, premium compensation, repatriation costs, replacement costs, and the tangible costs of poor job performance. When an overseas assignment does not work out, it still cost a company, on average, twice the employees base salary. Although the costs of expatriates are considerable, there are compensating benefits to MNCs. In particular, overseas postings allow managers to develop international experience outside their home countriesthe kind of experience needed to compete successfully in the global economy that we now live in. When you are sending someone abroad to work on an possible about how to do business in the country. The cost of training is inconsequential compared to the risk of sending inexperience or untrained people. Business leaders of the present-let alone the future-need to possess international business skills par excellence in order to survive the chaotic world of international business. It also goes without saying that human resource managers will face new, unforeseen obstacles. Understanding the links between people, productivity and quality is the key to understanding why some firms succeed and other dont-in exactly the same economic and social environment. It is far too easy and wrong to categorize human resource practices as being the soft science—part of the hard science of making organizations competitive. In fact, this is far from the truth. The best organizations are very focussed and hard-nosed about their human resource policies because they clearly understand HR policies and their link to productivity and quality. Human resource strategies are designed to motivate people to immerse themselves in the activity of the company, to ensure that people are valued, respected and rewarded so that they continually contribute to the success of the company and enhance their own well being. Understanding the difficulties of finding qualified executives for international companies (ICs) and the importance of foreign language knowledge. Knowledge of a peoples language is essential to understanding his or her culture and to know whats going on as every effective manager must. Compare home country, host country, and third country nationals as international companies executives. Source of IC executives may be home country, host countries, or third countries, and their differing culture, language, ability, and experience can strengthen IC management. Remember some of the complications of compensation packages for expatriate executives. Expatriate manager compensation packages can be extremely complicated. Among other sources of complication are fluctuating currency exchange rates and differing inflation rates. Basic elements of those packages are salaries, allowances, and bonuses.

The Life of Charles Babbage :: Free Essay Writer

The Life of Charles Babbage Charles Babbage 1791-1871 Born December 26, 1791 in Teignmouth, Devonshire UK, Charles Babbage was known as the â€Å"Father of Computing† for his contributions to the basic design of the computer through his Analytical Engine. The Analytical Engine was the earliest expression of an all-purpose, programmable computer. His previous Difference Engine was a special purpose device intended for the production of tables. Both the Difference and Analytical Engines were the earliest direct progenitors of modern computers. Even as a little boy, he always tinkered with little mechanical things. He loved to take apart and dissect things. Eventually, Babbage was put in the care of a church school near Exeter, where the minister was told by his family to make sure that he was healthy, rather than well educated. Because of this concern, the minister didn't give Babbage enough work to keep him interested and occupied. Superstitious, despite a thorough Protestant upbringing, he developed an obsession with the Devil. He asked his classmates to tell him every folk tales they knew about what forms the Devil appeared in. In 1812, he began his formal education at Trinity College and the University of Cambridge where he discovered his ability and interest in mathematics history. During that same year, he helped found the Analytical Society, whose object was to introduce developments from the European continent into English mathematics. He graduated from Peterhouse in 1814. He became a fellow of the Royal Society of London in 1816 and was active in the founding of the Royal Astronomical and the Statistical societies. He received his Masters in 1817 and began working as a mathematician, concentrating in calculating functions. It was his work with these complex calculations that led him to his most significant inventions: The Difference Engine and the Analytical Engine. By previous standards, these engines were monumental in conception, size, and complexity. In 1821, Babbage began the task of mechanizing the production of tables. In 1822, he proposed to build a machine called the Difference Engine to automatically calculate mathematical tables. The idea was to invent a calculating machine that could not only calculate without error but also automatically print the results. Difference engines were designed to calculate using the method of finite differences, a well-used principle of the time. It was only partially completed when he conceived the idea of a more sophisticated machine called the Analytical Engine.

Problem in Rising Price of Commodity in World Essay

India is faced today with one of the most critical economic situations. At no other time did Indians witness the horrible phenomenon of spiraling prices as they do today, prices are soaring like rackets and each day one finds a rise in prices of more or less all essential commodities. Inflationary pressures are doing plenty of mischief and the people of middle class families are finding it a Himalayan task to make both ends meet. In a developing economy, prices usually display an upward trend. But if prices keep rising persistently, they cause great hardship to the people. They spare neither the rich nor the poor, neither the producers nor the consumer. They make a economic activities uncertain and unstable, causing great unrest in the minds of the people. Prices are expressed in terms of money. When the rupee or any other currency buys much less than what it used to, and more is to be paid for practically every item, then the problem of rising prices comes into being. In economic terminology it is known as ‘Inflation’. Where the balance between money supply on the one hand and goods and services on the other is disturbed, a critical problem arises. If money supply increases more than goods and services available prices will rise. The fixed-income groups like salaried people, wage-earners and pensioners are the most helpless victims of inflation. As prices rise, their real income gets eroded. The additional dearness allowance which the government sanctions from time to time proves of no use to them, because their purchasing power actually goes down. Inflation induces businessmen to invest their money in nonproductive assets like gold and land whose real worth is not affected by rising-prices. High prices also adversely affect the exports of the country and distort the balance of foreign trade. In a developing economy a certain rise in prices in inevitable for at least three major reasons. First, the programmes of economic development generate larger employment and money incomes and these increase the demand for basic consumer goods and services. The new incomes are not proportionately reflected in saving because a majority of the beneficiaries have to spend most of the additional money they get on satisfying unfulfilled needs. Secondly, the same programmes of economic development as generate the new money incomes push-up the demand for certain goods wanted also by the consumer, such as agricultural products, fuel, housing materials and the like. A third reason, of which the first two may be looked upon as special cases, is the large increase in currency in emulation and the operation of the law of supply and demand. Unless the production of basic consumer goods keeps pace with the increase in currency that is rendered inevitable by large scale, long term planning, prices are bound to rise even of the production of consumer goods is maintained at the old level. Numerous factors can be cited to explain price rise in India First, our economic planning has suffered from serious drawback, right from the beginning. During the various Five-Year Plans, while the public expenditure persistently increased, the production targets were never realized. Secondly, this forced the Government to resort to deficit financing. The resulting imbalance inevitably led to inflation. The Third, major factor responsible for price rise is that due to great emphasis laid on heavy industries in our Five-Year-Plans, agriculture and consumer goods industries, which produce the items required by the people, have received insufficient attention. Consequently, agricultural production has not kept pace with consumption. Fourthly, in an underdeveloped economy like ours, the first increases in income always tend to be expended on food articles. In other words, the level of consumption tends to increase with increases in income. The cumulative effect is a growing pressure on prices. Fifthly, there is a tremendous increase in population. About ten million new mouths are to be fed every year. Sixthly, there are psychological factors that push up the prices. Continually rising prices give rise to rising expectations, with the result that farmers and stockiest tend to hoard more and more stocks, anticipating further increase in prices. Seventhly, there has been very heavy taxation on the public—both direct and indirect. In an underdeveloped country like ours, this adds to the inflationary pressure for number of reasons. Heavy taxes on industries are ultimately passed on to the consumers, thus increasing their cost of living. Heavy taxation also discourages greater production. Defective tax-structure has encouraged tax-evasion and accumulation of black money and smuggling. Eighthly, majority of Indians have no community consciousness. There is no organized consumer resistance to price rise. The Ninth factor is the faulty distribution and marketing system. Last, but not the least, was the international factor, increase of oil prices in the international market. In order to solve this difficult problem, some drastic steps must be taken. First, the entire strategy of planning should be changed. There should be equal attention on heavy industries and agriculture and consumer goods. Secondly, the mounting governmental administrative expenditure should be drastically curtailed as it is mostly wasteful and non-development expenditure. Thirdly, tax burdens on the public should be reduced. And finally, no hoarder, profiteer or black marketer should be left with impunity. Unless they are crushed with a heavy hand, the common man is bound to suffer. Our government is quite conscious of the magnitude and implications of the problem. It has already initiated a number of steps to check inflationary tendencies. What we now need is a strict enforcement of these steps. Apart from accelerating growth and imposing curbs on money supply, we need an effective distribution system. We also need the support of the social workers and other public minded citizens to keep a watch on the unethical practices of shopkeepers.. But nothing can mitigate the situation unless the growth of our population is checked.

What is Social Work - Free Essay Example

Sample details Pages: 2 Words: 731 Downloads: 3 Date added: 2019/03/18 Category Society Essay Level High school Topics: Social Work Essay Did you like this example? The Social work profession is difficult to define because it is extremely broad. There is a plethora of pathways that a social worker could take; child, family, and school social work, military and veterans, medical and health, psychiatric, mental health, substance abuse and so many more. Broadly speaking, social work is a profession that helps advocate for others. Don’t waste time! Our writers will create an original "What is Social Work?" essay for you Create order Social workers help give a voice to those who cant find theirs and help people gain access to resources that they need. Despite the numerous pathways that social work can be broken up into, each one encompasses a wide range of techniques, practices, and most importantly, values that are used to serve those in need. Advocating for those in need requires a strong set of values. Social workers should practice and uphold these values throughout their practice, no matter what pathway they take. One of the values is empathy. It is important for Social workers to be able to understand and feel what the people they are serving are experiencing. It allows the professional to put themselves in the clients shoes and explore the different aspects or systems that are involved, which will be explained further later. This leads into another value of using a strength-based approach to help families overcome different challenges. No matter the case, one can find a strength in regard to the situation. Another important value that Social workers should uphold is knowing their limits and abilities as a professional. A professional should ask for a second opinion when they are unsure of something and practice within the scope of their skills and knowledge. Lastly, the professional should value social equality and j ustice by upholding equal rights, opportunities and laws. To promote the value of social justice, social workers must be taught to translate their actions into advocacy and practice that promote opportunity for all populations, especially for the clients they are serving. (Ely, Flaherty, Hansford, Meyer-Adams, 2017). Each client that is served, no matter their background, should be treated just as everyone else. These values are strong and seem hard to uphold. Thankfully, social workers are given an abundance of education and training on how to abide by these values in their day to day practice. Each client that is served, is going to come from a different background that influences their way of life. It is important to take into consideration the diversity of backgrounds when working with a client, which is why social workers need knowledge about different theories. One of the theories that social workers should learn about is systems theory. According to Canda, Chatterjee, and Robbins (2012): Systems-based theories lend themselves to a wide variety of practice methodstheories suggest that intervention may be focused at any or all systems levels, and intervention strategies must be diverse enough to encompass a broad range of individual and environmental change. (p. 49). Social workers assess the information that the client provides to determine a plan to work towards a solution to change one or more aspects of their environment. The systems theory lays a foundation of knowledge that social workers must acquire to provide best practice. To become a social worker, there are specific educational requirements that must be met before one can begin their practice. Since most social workers provide some sort of service to the people, it is important to understand how humans develop and how the brain works. Granted social workers are not doctors, but in any profession, it is important to have a general understanding of how the sole thing you are helping functions. Having the knowledge of how to communicate with people is important as well, both formally and informally. To expand on that, motivational interviewing is a great tactic to learn in that it helps to facilitate even the most difficult conversations allowing the professional to better help the clien t. All in all, the more knowledge one has about people and how to work with them, the better able they will be to help sever clients. Conclusion Social work is a wide-ranging profession. No matter the path that one tasks in the social work field, they must all possess certain values and knowledge. Both the values and range of knowledge mentioned above are tools needed to be a successful social worker. A successful social worker is one that helps advocate for those who cannot advocate for themselves, someone who helps people find their voice.