HRM ASSIGNMENT

HRM assignment

HRM assignment

Introduction

The Container Store, founded in 1978 and based in Dallas, offers more than 10,000 innovative and multifunctional storage and organization solutions designed to simplify one's life, save space, and, ultimately, save time. The company is celebrating 27 years as the originators of the storage and organization category of retailing. Since its inception, the company has grown at an average rate of 20 to 25% a year. The Container Store is honored to have sustained its position as an employer of choice on FORTUNE magazine's annual list of the “100 Best Companies to Work for in America.” The Container Store was selected #1 on the 2000 and 2001 lists, #2 on the 2002 and 2003 lists, and #3 on the 2004 list.

Discussion

The nature of human resource management (HRM) is an integral part of an organisation, maintaining a healthy and structured HRM plays a major part in the key success of the organisation(Maund 2001). This is due to people being a fundamental link of reaching corporate goals, without human resource an organisation would not be able to function. Therefore it is imperative to maintain a satisfied and motivated workforce. This assignment aims to examine ways in which an organisation can manage its personnel in a cost effective way with real-world examples.

After reviewing this article it has been found out that Maximisation of individuals' performance and productivity is a main objective for many organisations, there must be a match between the individual and the organisation, without one will result in poor performance and possible loss of the employee. Individual differences will affect performance, being aware of individual differences will enable managers to work around it to avoid conflicts and using different reward methods for individuals.

Factors that affect performance include the individual themselves, their personality and beliefs. It is hard for an organisation to change a person's attitude but an organisation can influence the individual's perception of things and gradually through time, shape their attitude in order for it to suit the attitude of the organisation. Job satisfaction can affect performance; if an individual dislikes their job then obliviously productivity will decrees. Motivation and rewards are both interlinked with each other; some sort of reward motivates an individual, whether it is financial reward or recognition of work.

An individual brings different ideas and perspectives into an organisation, it is important for organisations to employ a range of individuals with distinct personalities, values and experience; this offers various ideas and creativity. The downside of this would be that the individual might not have the same objectives as the organisation and seek to work to their motives and conflict with other individuals(Storey 2001).

Organizational leadreship and Container Store

Different leaders have different ideas about leadership. For example, see below Jack Welch's perspective, which even though quite modern compared to many leaders, is nevertheless based on quite traditional leadership principles. First here is a deeper more philosophical view of effective modern leadership which addresses the foundations of effective leadership, rather than the styles and ...