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The entire project report will give a brief insight about the HR practices being followed in various organisations and its serious impact on the productivity, human capital management, employee involvement and training and development. As every organisation adopt different HR practices according to their working environment and requirement. The report will provide learning about the HR practices being adopted by organisations like TISCO and Morrison’s. Also, it will explain about the importance of HR functions and practices in any organisation and its effectiveness and impact upon the growth and development.
‘Employees are our capital and our job is to grow that’
As per the above statement it becomes clear that for TISCO how important role human capital plays in the organisation. Tata has adopted capital strategy for leading and achieving the company’s desired agenda. Tata worked really well in respect with the human capital they say we are working hard upon the employee demographics and we will alter it in a much better way than it was before. They have framed the vision and mission so well just to take the Human capital at a different level (Bell,2013).
Focusing on the above HR practices being followed in the TISCO impacts a lot on the overall productivity of the organisation. A number of researchers have reported that the HR practices result in a positive manner in the growth and development of the organisation. Reaching to such a level of growth for TISCO was not an easy task but a lot of plans, practices and methods were adopted to meet with prevailing Japanese and other competitors in the market.
HR practices like performance appraisal, (Norton,2010) training and development programs, employee participation in the organisation plays a vital role to raise the productivity level of the organisation. However, if an employee is judged by his performance through performance appraisal he will be able to see the gaps between his failure and success in the work. Knowing his gaps employee can work hard upon them and take corrective measures to improve the same. (Moynihan, Gardner and Wright 2002) Similarly, if the employees are praised in a positive way they get motivate to work more effectively and efficiently for their organisation. Their dignity is their strength and confidence which reflects in their work. If the employees are appraised and rewarded for the same it helps them to raise their morale high, it provides them the courage to participate with the management with equal confidence. Providing them regular training helps them to enhance their skill, knowledge to take effective decisions for the organisation. (Martin andWhiting,2016) A trained employee is a valuable asset for the organisation. It gives them the ability to resolve the problems and conflicts in the organisation and better relations affect positively on the result productivity and growth. Poor relations sometimes down on their work, and into worse scenarios of strikes and lockouts where workers slow disturb the entire (Edmondson,2010) working of the organisations unless their demands aren’t fulfilled where the organisation suffer a huge loss which indirectly increases the production cost. Also, the employee engagement in the work is very necessary for which the organisation must prepare effective plans to keep control over every activity of the employees to know whether they are working with the right capability and with correct time management. Proper utilization of time is necessary for the organisation productivity. Hence, HR practices plays a vital role in organisation productivity on the whole.
According to some of the researcher the statement once used by Morrison’s was ‘we make sure that employees enjoy coming to work at Morrison’s’. Morrison’s focuses well upon its people. They focus on attracting the best talent and pay more attention to give a warm welcome to the freshers and on the ongoing training and development of the employees. They provide training even to their managers with proper skills and knowledge so that that they can guide their employees and subordinates in a better way which they need to lead in the future. Morrison’s builds various new policies and procedures just to check that the work is being done rightly and everyone is treated with respect into the organisation. They provide all possible rewards to their employees to show that Morrison’s really value them and their time. They say our employees make “Morrison’s”. The HR practices are well conducted in Morrison’s just to train and develop their employees so that they could play their role very efficiently and effectively I the organisation. Morrison’s helps each and everyone in the organisation to achieve their ambition and play the best role. (Vogelsang,2013). They believe that HR practices plays a vital role in increasing the productivity as well as removing the conflicts in the organisations. Proper HR practices may help in effective growth of both the employees and the organisation.
The entire report has provided learning about the impact of HR practices on the productivity of the organisation. Also, how every organisation has different process for handling with performance management and employee engagement in the organisation. Moreover, it also reflects the positive benefits of adopting good HR practices in increasing not only the productivity of the organisation but also enhances the individual personality and helps them to develop. The report focused upon how HR practices are necessary in increasing the productivity of every organisation to achieve the desired goals.
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