Human Resource Essay Example for Free

Human Resource EssayThe penning would revolve around the discussion done over the concern regarding the rising wages of labor on with the decline in the supply of labor from China, which was previously considered to be the hub of labors from where the labor was supplied to other countries at a cheaper cost. Lets discuss this issue in detail along with the explanation regarding the measures being taken by the organizations to change their human resource strategies.Answer 1Competing on the basis of labor be stack generate both positive and as easily as negative outcomes for a company, or country. public lecture about the brighter side, companies these long time strive to achieve the optimum profitability level in baffle to stay in the competition. in that respectfore, what they do is to hire employees on part-time basis where employees would be paid on the basis of work they would do along with the work hours. This usually happens when the companies start a new hazard such as, product development, its launching, or promotion.It does save huge costs for the company, hardly the turnover rate rises drastically. Talking about the negative side of the picture, either it is the company or country it would matter in a high turnover rate that often increases the costs such as, cultivation costs. It is because when employees are hired by the companies, they must be trained about the job description that they are held responsible of. Therefore, investments are do by either sending them abroad or arranging workshops or training sessions.Obviously, when employees dont get enough pay, they would leave their jobs moreover, the supply of labor within the country would get minimized because workers baron leave their country and go abroad to work for MNCs. Answer 2 There is absolutely no doubt that many organizations consider their workforce as a main asset since the utilization of resources cipher on their skills and abilities. Employees often demand th e companies to value them, take back them some autonomy, and move them in the key managerial decisions where they can suggest new ideas.Companies, in order to keep their employees satisfied, introduce certain compensation packages and training sessions so that the employees think of themselves as part of the organization and get motivated. When managers invest over the training sessions and involve their subordinates in the key decisions, it becomes necessary for them to retain them at any cost or else they would leave their jobs. This would result in the loss of intellectual capital and loss of investment that was made to groom them by prettify their skills.As compared to the costs that incur for training the employees, the cost of labor force is much more than that. The motive is that when employees are trained and are retained by the company, it benefits the company not only in the short-run, hardly also in the long-run. Whereas on the flipside, when those skillful employees leave the company the labor costs take a domino effect because the firm would lose those employees, the investment made on them, and would have to parent others, and then(prenominal) train them again.Consequently, these companies must focus on retention of employees, and that can be done by offer them attractive compensation packages, further training, giving autonomy, and promotion. Answer 3 Companies these days are really focal point on reshaping their human resource strategies and forming them in such a way that not only keeps the employees contented, but also benefit the overall organization. There are several ways adopted by the firms these days and are explained below.Organizations these days encourage and support the presence of collectivist attitude. Collectivists define themselves by their group membership, give group goals priority over their personal goals, put more emphasis on harmonious relationships and get laid more socially ground emotions (Robbins Judge, 20 07) Moreover, individual rights is are also emphasized, that is to ensure the independence of movement, physical security, and freedom of speech. Emphases are laid on the presence of health and safety and ensure the condemnation of actions or choices that are not safe for people, actions that violate law and ethical principles.Equal employment opportunities are ensured where they hire individuals based on their intellect, creativity, enthusiasm and the presence of Emotional Intelligence. In working structure, they value team relationship, team work, and team achievements moreover, their employees value the importance of effective communication and employee involvement while making certain decisions and delegating the tasks. There ratio of discrimination seems to be getting lessened everyone is given equal opportunities and there is no looking glass ceiling for females or people from different backgrounds.When it comes to improving and retaining the skills of employees, many organi zations rely on the concept of Employability, i. e. to unendingly improve the employees working skills by the time to meet the requirements (Daft, 1997). Answer 4 Since the competition for workers in China is heating up where high wages are demanded by them and at the same time, companies set about to cut their redundant costs, especially from payrolls therefore, employers would definitely shape some of the terms and conditions regarding the working conditions, job type, compensation, working hours, and job security.First of all, since the supply of well-educated and skillful workers is less in China, so firms would have to recruit those who are available even if they are demanding high wages. Of Among these workers, many of them come from abroad to find outgo possible job opportunity. Another change that can be made is in the working hours, where companies can decide the job type, job status, and working hours of a worker before recruiting him or her.In this case, a contract would be signed between the worker and the company in which all the responsibilities and liabilities of both of them would be outlined, along with the penalties that either party would have to pay in case of violating the contract. A very stimulate strategy that can be brought on is to introduce the Performance-based compensation play, where the employees whether they are contractual or regular, would be paid on the basis of their performance and productivity level.Moreover, chances of promotion would only be for those who perform well and benefit the organization. This would result in provoking the motivation among the employees to gain more knowledge and skills, perform better, and birth by the rules and regulations. Not only this, the turnover rate that China is currently facing, would decline to a abundant extent and would attract the best available talent, which would be beneficial for both the employees and the business.