HR Plan Research Paper Example | Topics and Well Written Essays - 2250 words

HR Plan - Research Paper Example The land acquired by the company is located at various locations all over the United States to take advantage of the geographical variation. The product line of Ritz ranges from organic spices to organic detergents. The company also produces cereals, processed foods, pulses, tea, rock salt, sweeteners and medicinal herbs which are all organic in nature. Ritz also hires officers who are highly experienced in field work and know how to deal with farm resources. The company has employee strength of around 500 skilled individuals. Ritz develops its products by efficiently identifying customer needs and then modifies product line accordingly. Maintaining customer satisfaction is an important goal that the company always tries to fulfill (Armstrong & Taylor, 2014). Ritz operates on the basis of a one person Human Resource (HR) department. In such a scenario, it becomes imperative to strategically design a HR plan that suffices to all the objectives and goals of the company. The design of the HR department must correspond to the various dimensions of the organization i.e. the HR needs to manage all the divisions of the company appropriately and strike a balance between all the divisions (Armstrong & Taylor, 2014). An efficient HR plan requires that the various components and functioning areas that are vital for efficient HR management are strategically developed and given equal importance. The process should not be complicated. This would ensure that the organizational objectives are always in sync with the HR policies (Armstrong & Taylor, 2014). The various components are given as follows: While designing plan about recruitment and selection of employees, the HR manager must keep in mind the appropriate skills necessary for the available job opportunities at the company. The company can design a recruitment system of its own or use other sources which help the company to identify prospective

Liberalisation that Triggered the Asian Crisis and the Apparent Essay

Liberalisation that Triggered the Asian Crisis and the Apparent Insulation of China and India - Essay Example Least expected is that, in a very short period of time, a financial crisis sprouted in Thailand and spread like epidemic to the neighbouring countries of Southeast Asia and eventually triggered serious turmoil in the currency and financial markets of Japan and South Korea. While the extent of crisis differed from country to country, the Asian economies were brought face to face with serious difficulties that came from over-reliance on short-term foreign capital, speculative investments, and poor supervision by financial authorities. Even the resilient economies of Singapore, Taiwan, and Hong Kong have shown related problems, slowly being eroded by the persistent weaknesses of their neighbouring economies. What may have gone wrong that spelled the unfortunate events to take place? Why did some countries in the region, like China and India, have been unaffected by the crisis? What measures did these affected countries do to thwart the eventual downfall of their economies? What did policies did India and China foster in order to insulate them from the said crisis? As this paper explored answers to these questions, further recommendations by experts will also be tackled in order to prevent the same crisis from ever happening again. Liberalisation is termed as a programme of changes in the direction of moving towards a free-market economy. This normally includes the reduction of direct controls on both internal and international transactions, and a shift towards relying on the price mechanism to co-ordinate economic activities. In such a programme less use is made of licences, permits and price controls, and there is more reliance on prices to clear markets.