An ever-increasing number of organizations look for the outsourcing administrations of HR enlistment organizations. The attention on HRM is presently moved to the key usage of representatives and the quantifiable effect of worker programs over the business. These days effective organizations should be versatile, strong, speedy to alter course and client focused. Inside such a domain the viability of HRM is pivotal to business achievement.
HR experts set up frameworks for execution improvement, profession progression arranging and worker advancement. This keeps individuals spurred, glad, by and by connected with and adding to organization achievement. Moreover, the HR proficient enables the advancement of hierarchical culture and atmosphere in which workers to have the competency, concern, and responsibility regarding work well for clients.
For an improved elucidation, human resource management is explained by my friend Yuv Asthana in his blog. He has comprehensibly taken in all the aspects and elements of Human resource management in consideration.
He has connected human resource management to the one of the giants in grocery and retail market, Walmart. He has gone in depth detailing the perks which employee gain without highlighting the concerns and limitations. Yuv has articulated the salary and retirement plans which employees receive however the blog does not relate the HRM to any tools and theories, hence the blog vaguely describes whether the employees are motivated and satisfied.
Walmart clearly gives high wages and many discounts to its employees to its employees but the major concern here is that employees can be differentiated into two groups, extrinsic and intrinsic. Extrinsic employees are the ones who get motivated and satisfied with financial rewards such as bonuses, an increment in salary, discounts and so on whereas intrinsic employees are the ones who are motivated through all other means except financial such as recognition, extra responsibility, taking up leadership goals etc.
Therefore, the blog only addresses the needs of Walmart employees who are cheered up by the financial rewards only. As seen in the past year that Walmart had revolutionized the billing section introducing self-checkout which led to the loss of many jobs at Walmart and in 2015 there were mat strikes held by the Walmart employees who claimed that Walmart was not treating them well. Therefore, it can be clearly noticed that the jobs of employees were not secure and employees of Walmart were demotivated.
I would recommend that Walmart should take initiative and introduce more intrinsic perks and reform its employee community.
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