Human Resource Management –MGT501
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MGT201 GDB No 1 Solution Fall 2020-VU-Autumn Semester
GDB#No1 Total
Marks: 05
Date of Opening: 03rd December 2020
Closing Date: 08th
of December 2020
Question Title
Question Description
In the pharmaceutical, the
following three organizations are operating. Organization A had just started
its setup in 2019, and around 22
employees are working in it in various capacities. Organization B has proper departmentalization, and 52 people are employed in it. In organization
C, the total number of employees is
around 650. The basic purpose of
human resource management in these organizations is to attract, develop, and retain competent employees to have a competitive
edge over the competitors. However, each organization follows a different approach
to handle human resource functions while keeping in view the organization’s
size.
Discuss how each organization will execute different Human Resource Management functions
Word-Limits: 100 -150
Solution
Before discussing every
organization approach to handle HRM functions, let's have a look at HRM
functions:
1. Staffing
2. Human Resource Development
3. Compensation and benefits
4. Safety and Health
5. Employee and labor relations
Application of HRM
functions vary among organizations depending upon their size, goals, etc. In the given scenario, we have to study the application of HRM functions for every
organization base on their size.
In
small Firm A-22, the entrepreneur can look after only 03 out
of 5 above mentioned HRM functions by himself because the burden of the work is
not high due to the volume of work. In
medium Firm B-52, a separate HR section is already established that is engaged
to execute 4 HRM functions except 2. While in
case C-650, the company exercises all five HRM functions aligning with the company overall goals by achieving the objects of attracting, retaining, and developing
employees.
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