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New HR Strategy Makes Lloyd a Best Company
Q1. Skills for HR
Before Black became the HR director of Lloyds of London, the long-lived companys HR was essentially a personnel department. Black believed that HR should serve the functions of the company and maximize employee talent and satisfaction. She also believed that succeeding in HR required a comprehensive knowledge of the functioning of the company as a whole, which was one reason the company rotated new employees through a variety of different departments, to better understand the companys strategy, culture, and inner workings. Skills in HR require interpersonal knowledge, flexibility, and the ability to see the forest as well as the trees.
Q2. Outcomes of new strategy
The strategy fostered a better work-life balance, enhancing employee retention and loyalty. There was a structured incentive to encourage excellence, but not at the expense of employee mental health, and employees had more positive feelings about the company. The company has been named one of the best companies to work for in the United Kingdom.
Q3. Challenges of HR policy for global company
All global companies face challenges because of the need to adopt uniform policies which may or may not be compatible...…with the vision and values of the company versus what may be the approach the company needs to take to be accepted within a national context.
Q4. When might a manager need to say no?
HR managers may need to provide oversight when there is a cultural conflict between the ways an individual department is being managed versus the values of a company. For example, in some industrialized countries, gendered stereotypes may impact hiring in the workplace, or behavior that might be regarded as harassment elsewhere might be accepted (Shirakawa, 2019). But such policies, which would be illegal in the home nation and…
References
Cherry, K. (2019). Individualistic cultures and behaviours. Very Well Mind. Retrieved from: https://www.verywellmind.com/what-are-individualistic-cultures-2795273
Shirakawa, T. (2019). Japan an underdeveloped country for women. The Japan Times. Retrieved
from: https://www.japantimes.co.jp/opinion/2019/01/11/commentary/japan- commentary/japan-underdeveloped-country-women/#.Xm2FkHJ7mUk
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