HR ROAD MAP TO CSR

HR ROAD MAP TO CSR



Table of Contents

Introduction2

Discussion2

Compensation ethics3

HR Road map to CSR3

Role of HR to Persuade the Management4

Why is corporate social responsibility important?5

HR contribution to SCR objectives6

Conclusion7

Hr Road Map To CSR

Introduction

This report gives an insight into how human resource management can contribute to the corporate social responsibility objectives of The Humphreys Group. It demonstrates how important it is to have HR as a vital player in the success of the company by influencing its strategy and culture (Beatty, Ewing & Tharp, 2003). Having HR influence on the strategy and culture of the company will have an effect on the corporate image of the company, which will allow it to achieve its social responsibility objectives. These responsibilities have to be maintained; because they affect the attitudes and opinions of the company's stakeholders, and shareholders.

Discussion

The ever growing imbalance of income being distributed to managers and CEOs in other companies has increased over the years; therefore it is crucial for The Humphreys Group to avoid the same scrutiny. Tying pay to performance is called agency theory, but this theory is flawed, which is why it is best to correctly control the distribution of massive salaries of the top managers and CEOs to avoid detrimental behavior that can affect the firm. According to Frey & Sterol (2005) managers have boosted their short term profits rather than focusing on helping the firm with long term opportunities, as well as avoiding paying dividends to shareholders (Turban et al. 1996. 658).

Compensation ethics

This behavior within an organization makes the managers and CEOs look like criminals. Particularly due to evidence suggesting that higher amounts of performance pay is linked to fraud and accounts fiddling, furthermore the dishonest behavior could quite possibly filter through the company to the lower levels (Turban et al. 1996. 658)

One way for HR to control the amount of compensation pay managers receive would be to remove the system altogether. It is possible for HR to suggest this because the interests of customers and investors come before that of managers (Beatty, Ewing & Tharp, 2003). But because doing this would cause problems and demoralize managers this is not the best option available. The alternative option would be to enforce honesty within the organization by encouraging whistle-blowing. This is a fantastic way of deterring behavior that would put the company in a bad light. Although it is known that whistle-blowing is not favorable among employees for fear of the consequences, therefore, HR's role to create an environment that encourages openness among employees, which would also gain the trust of customers and investors (Mossholder et al, 2011. 33).

HR Road map to CSR

More companies are concerned about designing programs indoor Corporate Social Responsibility. Recently, this is a global phenomenon; television advertising, print media and radio are increasingly making their credibility stronger. The organization that establishes the system that allows the group to outline the social activities more closely, and effectively.

Such organization proposes the idea to their employees to work together with the organization, and ...