Managing People Global Context Essay Example | Topics and Well Written Essays - 2500 words

Managing People Global Context - Essay Example Two major objective of HRM should be ensuring availability of the competent and developing a willing workforce of the organization (Mondal and Shastri, 2009, p.245). With the rise in competition talent acquisition and retention has become an integral part of the corporate strategy. Organizations now identify human resource as the most valuable asset. This study looks to analyze the Human resource strategy of an organization with respect to some focal points such as workforce, work environment, organizational culture, innovation, and consistency in HR strategy, extrinsic and intrinsic motivation. Keeping the focal points in mind and after conducting in depth research H & M has been chosen. H & M has been very highly appreciated due its unique and innovative human resource policy. It has also been tagged as a fun place to work and is respected as one of the leading employer brand. This study will focus on the overall HR strategy of H & M with respect to the key focal points mentioned before. H & M is famous for their innovation. Initially they were a single women’s wear store in 1947. Since then they have become a global company providing fashion products for all the family members, and their home, under the variety names of H&M, Monki, COS, Weekday, Cheap Monday, as well as Other Stories and H&M Home. Therefore the employees require having ability to be flexible and adapt to changes probably a lot faster than any other tech. firm. This is where H & M is believed to be different from other firms. H & M doesn’t try to provide any formal learning plan to the employees. Rather they expect the employees to be self- sufficient. Many would be surprised to know that the retail sales force of H & M doesn’t get any formal training on selling. This is certainly unconventional to say the least. For H & M it’s simple. They feel that providing stagnant training can reduce self sufficiency and innovation. On the other hand self owned training and developme nt program