Workforce Managementt and Development



Workforce Management and Development

Introduction

Workforce management is defined as the management of the human capital in the organization. Workforce management is a strategic approach that mainly focuses on the issue related to the human resource and is critical to a firm's success. It emphasizes on the performance development an activity that improves employee's performance and retaining them as an asset.

A successful business understands the need of active and hardworking workforce and therefore invests in developing and polishing their skills that differentiate their workforce from any on the firm. Usually the human capital management departments of a firm develop work management practice and policies that helps individuals performing at their best.

Discussion

Workforce management strategies

People management involves complicated and sophisticated series of activities that is owned by organizational planning. The strategies are categorized into competitive and resource based strategies etc

Competitive strategy

In competitive strategy firm is required to select its position and then keep aligning its activities according to it and improve the operational effectiveness. The strategies begin with long term mission and vision and the strategic options are evaluated to determine the best standard practices and the best fit. (Impact of CSR on Management Disciplines (May, 2003), pp. 171-184).

Resource Based Strategy

Resource based strategy is a more dynamic and complex form of development practice to be carried. In contrast to competitive strategy a firm is expected to take the advantages of opportunities time to time. In a firm it is the best fit of the resources that maximize the performance and productivity.

Workforce Management & Development Practices:

Human capital management and development practice are usually the best practices asserted by the experts but a firm should develop a best fit that suits the development and management need of the firm.

Hiring and selection

Compensation and Benefits.

Reward and Recognition Programs.

Workforce Planning.

Succession Planning, Transfers and Promotions.

Human ...