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Human Resource - Coggle Diagram
Human Resource
Objectives
Training
The process by which an employee can gain skills and knowledge relating to their job role or working environment
Help to improve quality levels, and health and safety in the workplace
Diversity
Recognising that all employees are unique individuals and creating an inclusive environment which values diversity
Gives a business the ability to identify key trends by having employees which is representative of its customers
Talent development
A business strategy that will help business to keep their high flyers which means they will be more competitive and more profitable
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Influence
External
The CSR or corporate social responsibility position of the business may have a huge impact on the HRM objectives in terms of wages and working conditions
The labour market is the availability of labour (supply) matching with the number of jobs available (demand)
Technology and digital advancements now means that more employees than ever are able to work from home
Internal
Trading internationally
If the business intends to enter emerging markets it will need an appropriate level of diversity to ensure success in these new markets
It may also need staff who have different languages or understand the cultural quirks of the new markets
New product development
if the business has developed a new product or service it may require staff with new skills to help the business to be successful for this new venture
Management approaches
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The type of management approach will influence the HRM objectives because it will dictate the skill level of the staff to be recruited
Business growth
If the business is growing organically it may be looking to open new branches, which will require more staff with the right qualifications and qualities
If the business is growing organically it may be looking to open new branches, which will require more staff with the right qualifications and qualities
Link to other functions
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Production increase, HRM may need to hire more factory staff