Human Resource Management Essay Example | Topics and Well Written Essays - 1500 words - 18

Human Resource Management - Essay Example When contemplating a relocation program such as the current case with JCC, the management needs to ascertain and prioritize the over-arching reasons, as well as likely benefits of moving the targeted business units. It is noteworthy that the planned relocation, though not a financial slam-dunk, is not deleterious when viewed from an economic standpoint (Collie, 1998). In this regard, the projected attrition lies within acceptable bounds and would, therefore, allow for a substantial infusion of fresh talent. Furthermore, the relocation will satisfy the two other major objectives; greater intellectual capital risk minimization and enhanced growth flexibility. Some of the major challenges that the human resource management needs to include the fact that the replacement of old habits at the former headquarters is usually an uncomfortable process. Additionally, it is inextricably connected to the challenges of the new physical setting. Thus, it is paramount to note that the day-to-day moments and actions tend to move into the foreground of the employee’s attention, and this prompts individuals to act on these moments with a conclusive process of resolution (Collie, 1998). This means that the employees must be made aware of the core reasons necessitating the relocation, and the new expectations placed upon them when it comes to the realization of the relocation objectives. By making the employees aware of the relocation process, they can view the relocation as another organizational change aimed at diversifying the organization’s resources with an aim of maximizing the profits. It is only through such a model that the managemen t can ensure that the relocation process does not result in negative repercussions on the employees’ output and productivity ion the new environment. In this regard, the best approach for aligning the

This assignment focuses on Hong Kongs special role in the 1997-1998 Essay

This assignment focuses on Hong Kongs special role in the 1997-1998 Asian financial crisis - Essay Example Neither scenario was ever really on the cards. Always more likely was what has actually happened since: Hong Kong has continued to evolve socially, politically and economically as it steers its way through the uncharted waters ÃŽ ¿f the "one country, two systems" formula enshrined in our constitution, the Basic Law. We have had no shortage ÃŽ ¿f problems since the transition, but interference by Beijing has certainly not been one ÃŽ ¿f them. Beijings "hands off" policy, other than in its remit over foreign affairs and defence, has been a mainstay ÃŽ ¿f our efforts in dealing with the fall-out from the Asian financial crisis. China has kept her promise. We certainly dont expect Beijing to be boosting our claims over any other mainland city. We are happy to compete on our own terms with any rival, anywhere, armed with the autonomy we enjoy under "one country, two systems". It gives us all the freedom we need to do so. Challengers will have to overcome our "location, location, location"; a hinterland bursting with promise; and the sophisticated software ÃŽ ¿f the worlds freest economy. That includes a trusted and deeply-rooted legal system, the freest press in Asia and a transparent government accountable to a lively and probing legislature. We are the first to acknowledge that the Asian financial crisis came as a rude shock. Like many others, we, frankly, underestimated its impact. In exposing the problems in some ÃŽ ¿f our neighbouring economies it served as a wake-up call for the entire region. Hong Kong has smelled the coffee. We have embraced further privatisation ÃŽ ¿f public assets, including our profit-making mass-transit railway and even some ÃŽ ¿f our welfare services. We have embarked on a series ÃŽ ¿f ambitious initiatives in the financial-services sector: the merging ÃŽ ¿f the stock and futures markets; further reforms ÃŽ ¿f the banking system; enhanced but