Change Management Plan

profileknfarnham
Assignment1-HRM560.docx
Home>Human Resource Management homework help>Change Management Plan

Running head: ASSIGNMENT 1 2

ASSIGNMENT 1 2

Assignment 1: Selecting a Company

Kirsten Farnham

Dr. Allan Beck

HRM 560 – Managing Organizational Change

January 14, 2019

Assignment 1: Selecting a Company

Walmart, officially known as Walmart, Inc, is a publicly traded, international company that first opened in 1962 in Rogers, Arkansas by Sam Walton. Walmart offers a one stop shop for their customers with an every day low price guarantee. While employing 2.2 million employees worldwide, Walmart continues to invest in training, education, and higher wages for their employees (Company Facts, 2018). Considering the millions of employees Walmart employs, they require a topnotch, effective human resources department.

Human Resources

Walmart is an excellent example of effective Human Resource (HR) programs, policies, procedures, or initiatives. Walmart has millions of employees throughout the world, however, they manage their human resources through effective recruitment and selection processes, evolving compensation programs, and many approaches to morale and motivation. Walmart uses internal and external recruitment sources, keeping them flexible in meeting HR needs. The selection process at Walmart includes structured interviews and job knowledge evaluations as well as personality tests and situational judgment tests, ensuring a comprehensive selection process globally. Walmart’s retention program includes many forms of compensation such as bonuses, promotions, training and development, academic credit, and many forms of recognition. These different types of compensation and forms of retention help to increase the motivation and morale within the organization (Thompson, 2018).

Changes for improvement

A change at Walmart that will require improvement are offering incentives to lower ranked employees such as sales personnel, not just the managers. This would create a more equal incentive program within Walmart. Additionally, another change that Walmart can make as far as HR, would be an improves performance management system. This improvement would improve employee morale and tardiness, hence improving the organization’s financial performance. Finally, Walmart can improve their recruitment process through strategies for global competitiveness as this would improve their diversity.

References

Company Facts. (2018). Retrieved January 13, 2019, from https://corporate.walmart.com/newsroom/company-facts

Thompson, A. (2018). Panmore Institute, Walmart: Human Resource Management. Retrieved

from http://panmore.com/walmart-human-resource-management-hr-management