Staff Motivation Essay Example | Topics and Well Written Essays - 1750 words

Staff Motivation - Essay Example The organization and the group’s primary objective is to help employees transition towards a better career and to help individuals with their talent. The group also aims to target organizations through better talent hunting and management programs. The problem at hand with the group is that outplacement has become more of a commodity as a result of which price in the industry is being cut and the group is losing business to its peers in the ensuing fierce competition. With several players in the market, margins have reduced significantly and thus the service offerings by the group are not earning enough revenues for the organization. The primary aim of the organization is now to earn a significant revenue stream that will help boost its share price. The company has set up a benchmark to improve its share prices from 31.5p currently to ?2 in the future. With this aim, the management will need to earn about ?20 million in revenues and about ?4 million in profit. The management i s also of the view that despite the state of the economy, the business is well placed and thus can earn this stream of revenues. The paper aims to evaluate the various options that the management has along with developing a theoretical framework that will help in deciding the plan of action that the management should undertake in order to boost its revenue stream. A diagnostic as well as change model will also be presented that will help the organization towards improved revenues. Literature Review Human resource management is one of the key support functions within an organization and helps leverage the organization’s performance through the usage of human resources. Some of the key areas within the realms of human resource management include hiring, promotions, appraisals, training, placement and talent management, along with coaching and outplacement of employees. Human resource management is now critically integrated with organizational learning as well as strategic manag ement making it one of key fields that organizations should focus on for better results. The key human resource problems that are part of today’s economy include globalization where diversity has various ranges and a spectrum that is difficult to define. (Papalexandrisa, 1996; Boxall, 1996; Garavan, Costine and Heraty, 1995; Garavan, Heraty and Barnicle, 1999; Becker and Huselid, 1999; Stewart, Marhine and Hall, 1999; Stewart, 1996; Garavan, 1991; Gilley and Eggland, 1992) Other issues include problems with finding the right talent with respect to the job description and the creation of various jobs with descriptions that are difficult to fill up due to their technical nature. Retention is also one of the key areas where human resource management is important and where organizations need to be focused on. Retaining employees is one of the cheaper alternatives to hiring another resource where hiring takes long hours and resources to actually fulfil. One of key ways through whi ch human resource management consultancies help includes helping find the right resources towards the jobs that need to be filled by organizations, along with helping in training these employees, equipping them with the tools and techniques on getting the work done