Human Resource at Mcdonalds - 3353 Words

I. Introduction In today’s intensely competitive and global marketplace, having a highly committed or competent workforce is one of the most critical factors in maintaining a competitive advantage (Millmore et al., 2007). Therefore, in a growing number of organizations, strategic human resources management (SHRM) is now viewed as a source of competitive advantage. Strategic human resource management is designed to help companies meet the needs of their employees while promoting company goals. As an important aspect of strategic human resource management is employee development, organisations have to consider employees may want or need and what the company can reasonably supply (Baker, 2009a; Tarique and Schuler, 2010). This research†¦show more content†¦The SIHRM framework of Taylor et al. (1996) stressed on how smoothly top managers can transfer the parent company’s SIHRM orientation to affiliate’s HRM system, then to impart organisational values and top managersâ€⠄¢ belief to specific employees within the affiliate (Figure 2). Although Taylor’s model (1996) can complement the limitation of Schuler’s framework (1993), we still need a more detailed and practical model to apply in the real business world. This is the point at which the framework for global talent management of Tarique and Schuler (2010) comes in handy. In the next section, we will discuss about the framework in details and in the case of Mc Donalds’ (Figure 3). II.2. The framework for global talent management and the case of McDonald’s a. Global Talent Challenges for McDonalds’ The major driver of global talent challenges for McDonalds’ is the globalisation. Although globalisation enables firms to employ workers in the developing economies of the world at much lower wages than is possible in the developed economies of the world (Wise and Covarrubias, 2012), it also leads to increasing competition in fast food industry (Asif et al., 2011; Gupta, 2012; and Royle, 2012). In such circumstance, global competitive advantage is only for those multinational firms that succeed inShow MoreRelatedHuman Resource Management in Mcdonalds2303 Words   |  10 PagesThe Concept of HRM What exactly is Human Resource Management? Many people find HRM to be a vague and elusive concept--hot least because it seems to have a variety of meanings. This confusion reflects the different interpretations found in articles and books abort Human Resource Management, A philosophy of people management based on the belief that human resources are uniquely important to sustained business success. 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