MANAGING HUMAN CAPITAL Essay Example | Topics and Well Written Essays - 4000 words

MANAGING HUMAN CAPITAL - Essay Example This has been in terms of falling revenues and loss of crucial talent and problems in talent retention. The critical literature puts forth a direct relationship between the HR polices and organizational productivity. This is followed by the primary research which supplements the critical literature through primary findings. The findings reveal that Emirates HR policies and practices in the HR departments must be redesigned to cater to the immediate business needs of the organization. The redesigning must come in the form of changes in recruitment activities, change in compensation packages and aligning training modules with the aim of serving the business needs of Emirates. Introduction The project seeks to put forth the present human resource conditions in Emirates Airlines which is the largest airline operating in the Middle East flying over 2400 passengers in a week. The company’s are located around 111 numbers of cities across 62 nations in the world. It also operates thre e of the nonstop commercial flights from Dubai. This company has been chosen for the study as it is the fastest growing global airlines in the world and is known for the high quality of services that it provides to its customers (Emirates, 2011). Known for its advanced and improved human resource management practices the company has evolved as the being one of the most employee friendly organizations to work with. Not only does its HR practices aim to reduce costs and enable the development of learning and development, it also tries to facilitate employees’ growth and prospective in the organization. The most remarkable part of its human resource management practices is the way they are directed towards the attainment of the company’s goals and objectives (Emirates-a, 2011). The project tries to analyses the present human resource issues and challenges confronting the company. Based on the analysis it provides an action plan for the same. This is done by the developmen t of an outline plan for the company which would contribute to its growth in business as well. The literature review presents critical analysis of how HRM practices can affect and regulate the business development of organizations and add to its goodwill. It would be presented with reference to the examples of major organizations in the world. In this context special emphasis would be provided to the Michigan model and the Harvard’s model. To supplement the above critical analysis primary research would be conducted to bring about a relationship between the HR practices in organizations and the development of its businesses. Analysis of Company background and current challenges/issues they are facing With the growing number of international airlines across the world, the organization has been confronting with a problem of employee crunch and employee retention. It is felt that the company redesigns its recruitment strategies in order to attain a competitive position in terms of attracting and retaining talents. The study suggests that Emirates Airlines must seek to develop a dedicated recruitment services team within the various departments which would ensure the