Human resource management of Midea group

Essay , 2023 , 11 Seiten

Führung und Personal - Mitarbeitermotivation, Mitarbeiterzufriedenheit

Human resource planning is an important part for any organization. It ensures that a company is able to plan ahead to ensure the business’ objectives are achieved. This is the major underpinning of strategic human resource management, which is a business concept that seeks to align the objectives of the business with those of the employees. This paper therefore was an exploration of Midea Group Company and how it utilizes strategic human resource management (SHRM) to ensure continued success. The role of SHRM was analyzed as well as the important business factors that influence human resource planning. SHRM also makes use of the company structure and culture to ensure that employees understand their obligation at the company, and how they can contribute to the greater success of the business. The culture at Midea Group was also analyzed to get an insight as to how it affects the human resource management decisions.

Contents

Executive Summary

1.0 Company Description

2.0 The Role Of Strategic Human Resource Management That Enables The Company To Achieve Its Strategic Objectives

3.0 Current Business Factors That Underpin Human Resource Planning at MIDEA Group Company.

4.0 MIDEA Group’s Human Resource Requirements Within The Next Two Years.

5.0 How MIDEA’s Culture Influences Its Human Resource Management

6.0 Conclusion

Executive Summary

Human resource planning is an important part for any organization. It ensures that a company is able to plan ahead to ensure the business’ objectives are achieved. This is the major underpinning of strategic human resource management which is a business concept that seeks to align the objectives of the business with those of the employees. This paper therefore was an exploration of Midea Group Company and how it utilizes strategic human resource management (SHRM) to ensure continued success. The role of SHRM was analyzed as well as the important business factors that influence human resource planning. SHRM also makes use of the company structure and culture to ensure that employees understand their obligation at the company, and how they can contribute to the greater success of the business. The culture at Midea Group was also analyzed to get an insight as to how it affects the human resource management decisions.

1.0 Company Description

The Midea Group Company is a Chinese based organization with its headquarters in Beijiao Town, Shunde District, Foshan City, Guangdong Province. The company majorly focuses on developing and producing consumer appliances, automation and robotics, HVAC, chip industry and intelligent supply chains. Midea Group consists of almost 200 subsidiaries and over 60 branches globally (Midea Group, 2022). It also has 10 strategic units in various countries around the world. The core business segments for the Midea Group includes consumer electrical appliances such as refrigerators and washing machines, and kitchen appliances like microwaves. The company is also involved in producing small appliances such as air conditioners and other ventilation and heating systems.

2.0 The Role Of Strategic Human Resource Management That Enables MIDEA Group To Achieve Its Strategic Objectives

The core business strategy for the Midea Group is to remain the innovative leader in the home and consumer appliances industry. The company targets to be efficient in its operations in all levels of business, and to expand its global operations. The company operates in more than 200 countries. The organization has a vision to have international operations and production facilities across the world. With such lofty ambitions, Midea Group has identified the human resource department as crucial for it to realize its objectives. The company has a diverse human resource department which is structure to provide the company with qualified and motivated individuals who are focused on delivering on a high level to ensure success for the company.

The strategic human resource management has enabled the company to align its business operations with the recruitment and employee development within the organization. According to (Wei et al., 2008) the role of strategic human resource management is to plan, implement and evaluate processes for the employees in a company is way that is designed to be consistent with the company’s values and strategies. Therefore, SHRM involves decisions that touches on the people that work for a certain organization. Some of the usual activities that can be found within SHRM include staffing decisions and activities such as recruiting new employees, selecting the right profile of candidate for the company, promoting employees and finally terminating the contract or job position of an employee (Chitsaz-Isfahani & Boustani, 2014). The other core SHRM activity is reward of the employees in the organization. This includes items such as fair renumeration, incentives for quality work delivered and performance management. SHRM also includes another important aspect which is employee development. This can be either through education or continuous training.

When analyzing the SHRM of Midea Group, all these elements of SHRM can be seen in how they handle their employees. For one, the company seeks to recruit candidates for a position that they feel will help the company improve its operations, either at a management or innovative capacity. The Midea Group take interns as a vital component in the organization. The company allows the interns to participate in various departments in the company and they get a chance to participate in important projects (Midea Group, 2022). Whether the interns join during winter/summer or even paid internships the company offers equal opportunities to the interns. When the interns join during summertime, they have a chance of engaging in graduate training courses. The Midea Group offers online training courses, a week of training camp, offline city activities and they also offer onsite training for the employees together with one-on-one mentorship programs. Throughout internship program the interns are likely to experience more offers giving them motivation and pride in Midea Group. The organization still offers internship programs to those who cannot join during summer period (Midea Group, 2022). The interns will learn on the company through onsite training and practice which will not be less than a month. The interns get a chance to learn more on workflow and corporate culture especially from perspectives of the employees of Midea Group. Excellent performance during internship can earn you a job offer in Midea group where they ensure that workers are well taken care of. The organization is committed to making peoples life better by making the career a remarkable one. The company employs the best and is dedicated to offering the best and making peoples life better. The company takes in even then fresh graduates and conducts onsite training so that they have an idea of what the company does and how it operates. It is dedicated to offering the best by also hiring the professionals in various fields and this makes the organization to have a field that is wide with different areas of expertise. The new employees undergo training to enhance the way they work so as to increase production of the organization. These programs are offered even to the old employees so that they can increase the knowledge they have and make them better workers for the company.

Each organization makes effort following of policies and the practices in the human resource sector. This this is essential in making the business successful. The human resource used by Midea Group got relationship with management and how the workers of the company perform. The organization analyzes performance through management of designed policies and procedures s. The HR strategy of an organization makes sure that employees get suitable working structure to ensure they are safe and healthy when doing organizational duties (Midea Group, 2022). The company’s main business strategy is on digital innovation, smart home, building technology, industrial technology, robotics and automation. The company is run by dedicated employees with support of the dedicated leaders. The human resource strategy of the Midea Group works towards making sure that workers are motivated and are energized as they work. The organization creates motivation to the employees by offering leadership-based opportunities, flexibility, hiring of qualified, skilled and diverse professionals. Human resource management ensures that there are identification of the company’s business needs so that they can effectively work. The company is also dedicated to checking on needs of each employee in each department so as to offer the best.

Media group is among the leading companies globally and so they are strict when recruiting people in the company they ensure that all workers are selected in consideration to their job and personal specifications (Midea Group, 2022). HR policies and practices are done by the HR department which does the hiring, selection, rewarding as well as training of the employees. Training is an important aspect as it allows effectivity to be achieved and there is also need of rewarding workers to keep them motivated. The organization rewards the employees by salary increment and by promoting the workers this makes it efficient and effective in keeping the workers motivated and it reduces employee turnover rate. Employees in the organization receive equal opportunities and they also get equal compensation in relation to the job responsibilities.

3.0 Current Business Factors That Underpin Human Resource Planning at MIDEA Group Company

There are several factors that can affect human resource planning at an organization. The main one includes state of the economy, labor market, technology, globalization and competition (Rastegar et al., 2012). Any business must pay keen attention to each of these business factors and align its human resource accordingly to ensure that it achieves its strategic objectives. State of the economy is important for an organization since it will impact the purchasing power of the consumers. If the state of the economy is poor, most of the people might be unable to purchase whatever the company is producing. The labor market is also crucial for any business or firm because it will determine whether the company will be able to find the right personnel to help the company achieve it production and service demands. Technology is another crucial business factor that aids in innovation of operation and products being produced by a company. Globalization is usually the goal for large companies. When a company has a global strategy, it must align its human resource department with the goals and objectives of the company. For the Midea Group Company, the two most important business factors are labor market and technology. These are core for the business operations that the company undertakes, and it will be important for the sustainability of the company in the present and future.

China has approximately over 750 million workers which represents the biggest labor force for a country in the world (Tan, 2018) By international standards the wages are low, yet the labor in the country have improved their technological skills that has helped many companies in the country such as Midea Group to innovate and automate their operations. Automation in China has been accelerated and market experts have predicted major disruptions in the labor market as a result. It is projected that automated and robots will likely replace much of the workforce by 2025 (Tan, 2018). However, even with increased automation and use of machines in the workplace, companies such as Midea will still require skilled labor to operate the machines, as these robots only perform task. The employees will also be important in sectors such as using data analytics to learn market trends and help the company to make informed decisions.

With how the labor market is shaping up in China, Midea Group can plan its human resource pool to take advantage of the ever-improving skills in the labor market. The readily available force gives the company a solid basis on which to ensure continued improvement in their business processes. Midea focuses on producing consumer goods that are technologically advanced. This needs employees with skills such as machine learning, robotics and artificial intelligence (Midea Group, 2022). The country has undertaken measures to ensure that its labor force improve these skills. Companies such as Midea therefore stand to gain since there will be more innovation witnessed within the organization. This in turn will strengthen the competitive advantage of the company since it will be producing more and more innovative products, that some of its competitors cannot match.

Technology is another important business factor in the daily operations at Midea. This is because, the product category the company majors in producing are technological in nature. Robots, smart devices such as home refrigerators and laundry machines require a high level of technological advancement that should be continuous (Midea 2022). The company also has to compete with other companies that produce the same products. To have a competitive edge in this industry, a company needs to develop the best technological systems that will improve efficiency. The company also has to ensure that, it work force are always coming up with new technological ideas that would help the company to remain a head of its competitors.

The only way Midea can ensure technological advancement in the company is through a sound human resource planning. For instance, when an intern is hired to work in the company, the company ensures that they have top technological skills that they feel that would help the company to improve and produce innovative commodities. The company also provides a clear career path to existing and new employees. This becomes an important motivational factor that promotes loyalty among the employees who are always working hard to ensure that the Midea remains the leading manufacturer of consumer and major appliances. The human resource planning structure at the company focuses on life-long learning and professional growth for the staff. The company recruits and trains its workforce according to the work they perform. This ensures that the company has employees that know why they are needed at the company, and therefore perform at their best. For instance, in its Research and Development (R&D) department, the Midea adopts a multi-layered strategy that defines what is to be done in the following eight years after the start of a research project (Midea Group, 2022). The company therefore undertakes steps to hire new recruits or professionals depending on the needs of a project. This is important because it ensures that, people who are specialized in a certain field apply their knowledge and skills in these specific fields. The end result is usually the production of technologically advanced goods that strengthen the market position of the company in regional and global markets.

Human resource planning (HRP) is a systematic process that promotes employee development and integrating their personal goals within the business plans (Chakraborty & Biswas, 2020). It is an important system that allows companies to plan effectively so that they can ensure a steady supply of skilled staff (Hayes, 2022). Human resource planning is important as it ensures optimal utilization of employees, by maintaining an effective balance between employees and the jobs they undertake at the company. For effective human resource planning, the system needs to be flexible enough to meet the short-term needs of the company, while providing an important base for future success of the company.

4.0 MIDEA Group’s Human Resource Requirements Within The Next Two Years

The Midea Group is aimed at improving on research to ensure that it focuses on the core technology and disruptive product information. This is by encouraging the use of future technologies like IPM, Wireless Power Transmission and the Robotic technologies. This will help in management. The company has the future aims of making sure that they establish a talent portal system that lays a solid system for the application of intelligent human resources. The company is ensuring that it makes better the integration of mobile application systems to promote marketing, big data sharing, and supply chain. The company will come up with more smart scenes and also ensure office efficiency to enhance digitalization. To enhance more on digital markets the Midea Group is working towards making sure that there is the implementation of key programs like e-commerce and overpowered overseas channels. Under new circumstances, the company works on automation to increase efficiency in the supply chain. The Midea Group is aimed at ensuring that they reduce carbon emissions and continue doing so in the future. The employees of the company work towards ensuring that they have energy-saving and they use the strategy of Digitalization and Intelligent Driven. The employees are dedicated to using human resource strategy to achieve this in the next two years .

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• Autor: Joseph M. K (Autor:in)
• Erscheinungsjahr: 2023
• Seiten: 11
• Katalognummer: V1322972
• ISBN (PDF): 9783346829795
• Sprache: Englisch
• Schlagworte: Human resource, business management, employee motivation, organizational culture