MPC FINANCE( HR MANAGEMENT) Case Study Example | Topics and Well Written Essays - 1500 words

MPC FINANCE( HR MANAGEMENT) - Case Study Example Some recommendations have been made for the better utilisation and management of human resource of the company which will help the company in achieving better results with regard to their human resource management. There are certain inefficiencies found in the human resource management of the company. Management is relying on the hierarchical structure for in an old progressive manner for deciding the compensation of company's employees. Work force is hired at the lowest level and they progress with the passage of time towards the upward positions. Due to this system employees do not tend to work harder for quick progress in the company and thus efficiency is compromised due to un-utilisation of full potential of some employees. The performance management system of company is top down with little chances of interaction between management and subordinates. At the work place where everyone is included in a team and the best of results are achieved through team work, this is not a very good scenario for optimum utilisation of company's resources. Last in first out redundancy policy is in use by company, which is obviously not a universal axiom and the employees should be evaluated with the system which best describes the value added by them in the company.Another defect in the company's HRM system is the dissatisfaction among the employees of regional offices due to general perception that headquarter employees are taken well care of as compared to the regional office employees and due to the fact that absenteeism and labour turnover in the regional offices is three times that in the headquarters offices. Moreover workforce was hired through word of mouth in order to contain costs. Female staff has occupied the lower positions in the company whereas male staff has occupied higher positions and lower staff members are being invested in and encouraged to come up and occupy higher positions as well. It has been observed that people hired from ethnical minorities are not settled in the company's environment because they feel unsecure, unaccepted and lesser career prospects. Turnover of staff appointed within the last year is very high. Other complains include management has invested heavily in the complex IT system and employees are very passive in doing work through that advanced technology. Conclusions There are changes to be made to the HRM system by the management for making it beneficial that would result in the employees' satisfaction. It has been concluded that company's employees are the most valuable assets of company and these are the employees who make up the whole company. For a company it is equally important for its employees to grow and remain satisfied and happy with their jobs. Therefore, the company should invest appropriately in its employees in order to make full use of their abilities. Company should promote and encourage a culture that ensures that all of the employees are satisfied with their peers, their working environment, their infrastructure and