Hrm
1. Introduction With a rapid growing business industry now, It is important for all organizations to maintain a well trained and effective human resource team as it is directly affiliated with the personal policies and practices that influences the workforce. Today we will be focusing on two strategic issues that HRM faces:
2. Merger and acquisition
3. Offshoring
2. MERGERS AND ACQUISITION
Mergers typically involves two companies usually smaller scale companies joins arms and becomes one to attain better growth for the company.
Acquisition is an action where a company buys over another company’s ownership and controls the firm thereafter.(Investopedia,2014)
2.1 MERGER AND ACQUISITIONS: Advantages
The most obvious advantage would be the staff skills and knowledge implemented and shared for companies’ increment in revenue, this will also make up to the short falls in the individual organization skill set. By merging, company will also be able to generate and enhance creative and innovative products for the company. The HRM team can now share their individual ideas together to create a more positive work environment for all employees as well as prepare the necessary training and development for employees that will give both employees of the merging companies the same knowledge of new technologies, new working style, new compensations and benefits, better incentives and this will also give the HRM opportunity to communicate with the employees and provide them with the necessary assistance. As each company’s offer individual benefits the HRM Executives may now request for equal incentives for it’s employees as compared to the merging company. For instance if company A offers no health insurance to its employees and Company B provides it’s staff with a high premium health insurance, the HRM of company A may now request for the same benefits for the employees that will then motivate the staff to perform better at work that will eventually increase
2. Merger and acquisition
3. Offshoring
2. MERGERS AND ACQUISITION
Mergers typically involves two companies usually smaller scale companies joins arms and becomes one to attain better growth for the company.
Acquisition is an action where a company buys over another company’s ownership and controls the firm thereafter.(Investopedia,2014)
2.1 MERGER AND ACQUISITIONS: Advantages
The most obvious advantage would be the staff skills and knowledge implemented and shared for companies’ increment in revenue, this will also make up to the short falls in the individual organization skill set. By merging, company will also be able to generate and enhance creative and innovative products for the company. The HRM team can now share their individual ideas together to create a more positive work environment for all employees as well as prepare the necessary training and development for employees that will give both employees of the merging companies the same knowledge of new technologies, new working style, new compensations and benefits, better incentives and this will also give the HRM opportunity to communicate with the employees and provide them with the necessary assistance. As each company’s offer individual benefits the HRM Executives may now request for equal incentives for it’s employees as compared to the merging company. For instance if company A offers no health insurance to its employees and Company B provides it’s staff with a high premium health insurance, the HRM of company A may now request for the same benefits for the employees that will then motivate the staff to perform better at work that will eventually increase