The components of HRM's success Essay Example | Topics and Well Written Essays - 2500 words

The components of HRM's success - Essay Example Despite Guest’s hesitancy in concluding that HRM contributes to organisational performance, other scholars provided an empirical link between HRM strategies, policies and practices and certain aspects of individual and organisational performance (Liu et al., 2007; Nohria, Groysberg and Lee, 2008; Huselid, 1995: 635; Wall and Wood, 2005: 430; Pfeffer; and Pfeffer and Veiga 1999). This paper aims to determine HRM issues and to offer some solutions. After reviewing several studies, including opposing ones, HRM systems, policies, and practices are believed to drive company performance through shaping recruitment, selection, and retention strategies that develop engaged and creative employee, who can serve as one of the company’s sustainable competitive advantages. The role of human resource systems in strategic recruitment cannot be undermined (Liu et al., 2007). Recruitment should not be dismissed as something that can easily be outsourced to other parties because recruitm ent strategy should meet existing HR strategy goals. Walker, Bernerth and Tocher (2009) studied job seekers’ organisational attitudes at different phases of the recruitment process by evaluating the interactions among the variables of job seekers’ procedural justice anticipations, procedural justice perceptions and preliminary screening feedback quality. After using two phases of data collection that included 392 participants in phase 1 and 351 in phase 2, findings showed that participants who were engaged in the recruitment process with high procedural justice expectations were more affected by initial screening feedback quality than those with low justice expectations (Walker et al., 2009: 5). Procedural justice perceptions throughout the preliminary screening affected their organisational attitudes (Walker et al., 2009: 5). These authors concluded that how firms recruit candidates can affect the quality of perceptions regarding the organisation (Walker et al., 2009: 6). Rehman (2012) affirmed the same findings for his empirical work on the recruitment efforts of public sector organisations in Pakistan. He discovered that organisations with poor promotion and governance systems tend to recruit fewer competent applicants and tend to have higher turnover rates. Managers must be clear in explaining what they expect from their employees and what employees can expect from the organisation, in terms of rewards, culture and other organisational and managerial factors. HRM managers who carefully carve the right organisational image and job expectations for its employees during the recruitment process can hire high-performing employees than those who do not care on the image and expectations they provide to applicants. HRM affects individual performance through its recruitment strategies because they influence individual decisions through organisational factors, which when affirmed through hiring, can result to employee job satisfaction and retention. H an and Han (2009) explored the relationship between hiring perceptions and retention and found a correlation between the two. Another studies emphasised that in recruiting the right people, job experience, skills, and personality are critical. Newman and Lyon (2009)

Financial Analysis about PepsiCo Essay Example | Topics and Well Written Essays - 1500 words

Financial Analysis about PepsiCo - Essay Example Today the PepsiCo has a wide and diverse range of edible products and it is one of the largest multinational corporations of the world. As per the financial statements of the company for the financial year 2011, the company has more than 22 mega brands which accounts for more than $1 billion each in annual retail sales. The company has been working diligently on focusing on its strategic targets and has been able to add several brands in the last decade. During the financial year 2011 the company was able to post revenue of 14 percent through its food and average business. The global snack portfolio of the company accounts for around $34 billion. In this particular niche, the company has been able to diverse immensely and through active innovation, the company has been able to add new products such as bread snacks and refrigerated dips. In addition, Lays, one of the world’s leading brands is also owned by PepsiCo and accounted for $9 billion in sales during the financial year 2011.On the other hand, the global beverage portfolio of the company amounts for $34 billion which has shown an impressive increase of 5% growth from the previous financial year. Considering the current strategies and innovation, the company is actively working on brining new experiences to its customers all across the globe. The fact that the company is committed in expanding its operations all across the globe can be identified from the fact that during the 2011 financial year 50% of the revenue of the company came from outside of the America. The company has actively started marketing one of its major beverages Gatorade and Pepsi MAX outside of the America. ... rands is also owned by PepsiCo and accounted for $9 billion in sales during the financial year 2011.On the other hand, the global beverage portfolio of the company amounts for $34 billion which has shown an impressive increase of 5% growth from the previous financial year. Considering the current strategies and innovation, the company is actively working on brining new experiences to its customers all across the globe. The fact that the company is committed in expanding its operations all across the globe can be identified from the fact that during the 2011 financial year 50% of the revenue of the company came from outside of the America. The company has actively started marketing one of its major beverages Gatorade and Pepsi MAX outside of the America. No matter how strong the asset base of a company is and how prudent and effective the management of its resources is, there are always certain business risk lurking. As per the latest financial statement of the company, a great quantu m of its sales pertains to outside of America to countries such as Mexico, United Kingdom, China, India etc. However, the markets in these countries are still emerging and there is no certainty and surety that the products manufactured by the company will be accepted in the coming future. In addition, the political instability or severe economic meltdown can cause serious affect on the profitability of the company. Serious competition from any of the local brand in the aforementioned countries can also give difficult time to the company in achieving its desired sales target and revenue level. Change in the legal and regulatory requirement in any of the country can adversely affect the operations of the company. The overseas operations and conduct of the business including production,