Milestone 1
Human Resource Management
Aligning the human resource of Maersk would go a long way in increasing the company's performance. Employees are the most essential resource to any business hence with goals set and all persons on board with business strategic decisions it is possible to attain full optimization and success of business operations. According to the Lucid team (nd), the aligning of business strategic goals and human resource increases employee satisfaction. Different employees take upon different roles in making sure that the business succeeds hence with human resources and strategies aligned employees feel like part of the organization hence pushing and making certain the strategic plans and objectives succeed.
The human resource department is associated with every business process as each employee is answerable to the department. Hence by aligning strategy and the department helps the human resource management with ensuring that those responsible for implementing the strategy are working towards it. Hence the department will be spearheading the managing of tasks and prioritization of business strategies in its mandate.
As an international business, Maersk’s business structure mandates that the human resource department ensures that it understands different global conditions and business standing. A global market means that the employees must be up to the task of ensuring that all human personnel in different regions work with the motive to grow and achieve sustainable development. Hence facing different competitions and also managing different employees in different countries with different capabilities give the human resource department a tough tall in managing the business human resources into achieving business objectives. As a global company, the business strategic decisions are the same hence in one country the business strategy may lag over another. With a successful and widely known strategic decision, the business is mandated to ensure all factions align in the companies strategies.
Different businesses have different recruitment strategies. When considering recruitment for internal candidates, the business ensures that those candidates that were in from training and fully understand business functions are recruited based on their time with the company and experience gained. As for external recruitment, a lot of factors come into play such as their previous work experience and academic qualifications. This will ensure that the hired employees fall in a category where they are not new to the task requirements at the organization and achieve optimal performance. With an international company in different locations, the employees needed for a particular task determine the success and profitability of the business.
Maersk has been practicing and utilizing the use of training of the employees on a non-permanent basis hence those that serve under training with the organization after about two years are recruited based on performance work ethics and reliability. Hence this allows the business to train the employees on both technical skills and job experience to ensure that they recruit a highly hardworking and productive workforce. However, as this practice has been going on a lot of the employees at Maersk have been moving to other companies that seem to offer them better pay and better working condition.
Through the Seafarers training program, I perceive it as extremely essential as it helps Maersk improve business prospects and performance through a quality and well-managed workforce (Maersk, 2021). This training program inducts the employees through a rigorous process to ensure that they gain both work experience and job training. With this approach majority of the employees end up performing at their peak and as a result, there is optimal work performance. One disadvantage of the Maersk approach to employment is that the employees are taken up by other companies due to their experience and training at Maersk hence the high attrition rate.
Reference:
Groysberg, B. & Abbott, S. l. (2013, May 5). A. P. Moller - Maersk Group: Evaluating strategic talent management initiatives. 9-412-147, Boston MA: Harvard Business School.
Lucid team, (nd) Aligning human resources and business strategy. Retrieved from https://www.lucidchart.com/blog/aligning-human-resources-and-business-strategy
Maersk, (2021) Seafarers. MAERSK. Retrieved from https://www.maersk.com/careers/our-teams/seafarers