¶ … AFLAC 100 companies work . We investigate firm's human resource polices discuss special organization. What HR polices make excellent place work ? Identify discuss .
Human Resources Policies
Human resources represent the most important resource that companies can use. The value they contribute with to the products and services of the company allows them to create competitive advantage and determines their success. In other words, companies' activity depends on the human resources they recruit, select, train, motivate, and manage. In order for the personnel to perform on high quality standards, it is important to develop and implement proper human resources strategies. These strategies must be based on identifying the type of personnel of each company, their needs, their stimuli, and to develop techniques that are able to motivate them into improving their work.
The policies in different companies regarding their human resources vary in accordance with the size of the company, its financial power, and its objectives. Some of the companies are interested in increasing their sales volume and improving their market position. They are not interested in providing medium term and long-term career opportunities for their employees, they prefer to stimulate on short-term with higher incentives that are able to motivate them in reaching and exceeding sales volume targets. Other companies are interested in innovation and are oriented towards retaining top talent. Therefore, their incentives packages are focused on providing career development and training programs for their employees.
Regarding the general aspects that companies take into consideration when developing their human resources strategies, they can focus on financial incentives, on providing professional challenges, and on building an environment based on respect. Each company establishes the characteristics that its organizational culture should refer to, and develops its Hr strategy based on these factors. The requirements of personnel are very important in this case.
Implications of Human Resources Practices
The company has expanded its activity in Japan, where Aflac is the largest insurance company (Shen, 2009). The company's revenues reached $18,254 million in 2009. Its operating income is of $2,235 million. This helped the company reach a $1,497 million net income. This financial position that Aflac benefits from, allows the company to develop HR strategies that come to support its employees.
The corporate culture of companies is one of the most important factors that influence their human resources policies and strategies. The work environment that Aflac is trying to encourage and support relies on an open-door management philosophy, important benefits, competitive salaries, training and development classes, and advancement opportunities. In addition to this, Aflac provides numerous benefits for its employees and their families. Aflac also focuses on building a work environment that is characterized by diversity. This is intended to increase the productivity and efficiency of its employees. The company is interested in the balance between work and personal life in the case of its employees. Therefore, the company allows them to schedule some of their activities in accordance with other issues they want to address.
When analyzing companies' HR strategies, it is important to take into consideration the implications of HR policies and procedures. Usually, these implications are analyzed on societal, strategic, workforce, and HR professional and MNC level. The HR implications of societal level refer to the fact that globalization is likely to significantly influence companies' HR strategy, because the phenomenon will determine them to think about workforce in various countries in equal terms. The HR implications on strategic level refer to the fact that these strategies must be based on knowledge management, in order to improve the skills of human resources. The HR implications on workforce level determine companies to adapt their strategies to the diversity of the global workforce (Jackson et al., 2009).
The HR policies and procedures established by important companies tend to focus on several aspects. For example, some of these companies focus on providing attractive incentives packages, other companies prefer to ensure the stability and security of their...
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