HR PAGES

  The term expatriate is associated with labor in a formalized institution that has subsidiaries in other countries. It refers to a category of employees who are engaged in specific duties on behalf of the organization outside of the national borders of the parent country. These assignments are sometimes temporary or permanent depending on the nature of the responsibility at hand. The term is only engaged or utilized in large organizations that have subsidiaries or branches in other countries and require that some employees with specific expertise are sent to carry out the specific roles or functions for the business.   It is quite an expensive enterprise to venture into because in many cases, the individuals sent abroad are relocated entirely and are set up by providing suitable accommodation and amenities that will make the living effective to go about the duties for which they are sent.   Managing expatriates presents significant challenges, especially regard...

Costco, one of the biggest American retail firms decides to pay fair wages. Fair wages are a legal requirement in many countries when their labor laws are looked at and all a firm needs to do is to meet it at a minimal level and they will do just fine with the law but Costco in the face of a substantial increase in revenue decides to increase its wage per hour from $13 to $14 in 2018 and further to $15 in 2019. In contrast, the average retail employee in the United States of America is paid between $7.25 and $9 an hour for work done. This is a clear decision on ethics in that the leadership of Costco realized their rising income is a result of the efficiency of their employees so increasing their wages was very much in the right direction . Costco’s decision to pay fair wages brought several significant benefits to the company. Firstly, it boosted employee morale and job satisfaction, leading to increased productivity and higher-quality customer service, which are critical in a com...

  Ethics in the practice of human resource management encompasses the application of moral standards, principles, and values to influence actions, inactions, policy development, decision-making, and the general management of an organization’s workforce and assets. Every single function of a people professional, whether dealing with an individual or a group within the organization, involves ethics. Some of the critical roles people professionals play that are ethical include equal opportunities, recruitment and selection, diversity, dignity at work, work-life balance, health and well-being, data storage, and performance management. Any people professional who neglects the importance of ethics risks the success of the organization they work for. Ethics is a core standard and qualification for anyone managing and leading an institution's workforce. It is fundamental for building relationships within and outside the organization in ways that yield profits and benefits to the firm. ...

Employee retention strategies are essential for organizations that desire to maintain a stable, productive, and engaged workforce. By addressing the root causes of turnover and fostering a supportive environment, organizations can improve loyalty and reduce the costs associated with frequent staff replacement. The following are some time-tested initiatives for building a steady employee retention system.   Flexible Work Arrangements Flexible work arrangements are a modern concept in employee retention that many organizations adopt to accommodate the diverse life demands of their employees. By allowing top talent to manage their schedules, organizations can retain critical expertise and avoid losing skilled employees. This approach is particularly useful in fields where top experts are scarce, ensuring that both employee satisfaction and organizational needs are met. Strategic Human Resource Planning Developing a strategic HR plan is critical for employee retention. Such p...

  Employee retention refers to an organization’s ability to retain its workforce over time by creating an environment that fosters satisfaction, engagement, and loyalty among employees. High retention rates indicate a positive workplace culture and effective management, while high turnover rates often reveal underlying issues like dissatisfaction or inadequate rewards. To achieve sustainable employee retention, management has to undertake initiatives to reduce both voluntary and involuntary turnovers. Understanding Employee Turnover Employee turnover is the rate at which employees leave a company and are replaced by new ones under various conditions. People managers must ensure the organization retains a majority of its staff over the long term, as this greatly influences company success. Two main types of employee turnover exist: Voluntary Turnover : Employees choose to leave, often for better opportunities, personal reasons, or dissatisfaction with the organizati...

In today’s competitive business environment, organizations must focus on strategies that provide long-term advantages and sustainable growth. The Resource-Based View (RBV) offers a strategic framework that emphasizes the importance of leveraging unique internal resources and capabilities to achieve these objectives. By concentrating on assets that are valuable, rare, inimitable, and non-substitutable (VRIN), RBV empowers organizations to differentiate themselves, foster innovation, and align their operations with core competencies. This approach not only drives efficiency and innovation but also reduces dependency on external factors, enabling businesses to adapt effectively to changing market dynamics. As such, RBV serves as a crucial consideration for management aiming to build a resilient and competitive organization To ensure long-term success, organizations should prioritize leveraging and enhancing their internal resources, particularly human capital. For example, a training-...

  The resource-based approach (RBA) is a management concept that posits organizations should derive their strategies and operations from their unique tangible and intangible resources to achieve sustained competitive advantage. It emphasizes leveraging assets, capabilities, processes, and knowledge that are valuable, rare, inimitable, and organized to create long-term value. The resource-based approach to management stems from the principle that an organization’s tangible and intangible resources should drive its strategy and operations rather than merely imitating best practices. This concept emphasizes that unique resources are the foundation of a firm's competitive advantage and long-term success.   The RBA Theory At its core, the resource-based approach posits that organizations derive sustained competitive advantage from resources that are valuable, rare, inimitable, and organized (VRIO framework). Resources encompass assets, capabilities, processes, knowledge, ...