Strategy 5: Reward System Linked to Product Innovations
For the Module 5 milestone, create a strategy for deploying a new reward system that is linked to product innovation and product launches you will be undertaking in other countries. As part of this strategy, construct a case for your senior manager regarding how your functions in the human resource division are to be deployed.
This Milestone assignment should be no more than two pages in length (not including cover and reference pages), so focus on being clear and concise. APA format. and supported by a minimum of 3-4 academic sources.
References used in class lecture:
Chapter 12 in Global Human Resource Management Casebook
Irawanto, D.W. (2015). Employee participation in decision-making: Evidence from a state-owned enterprise in Indonesia. Management, 20(1), 159-172.
Akbar, J. D., & Ghazali, Z. (2017). Plant turnaround maintenance leading and plant turnaround maintenance performance in Malaysian process based industry: The mediating role of team alignment. Global Business & Management Research, 9(1s), 985-101.
Kurschus, R., Sarapovas, T., & Pilinkiene, V. (2017). The concept of crisis management by intervention model for SMEs. Engineering Economics, 28(2), 170-179.
Belkin, L. Y., & Kouchaki, M. (2017, May 30). Too hot to help! Exploring the impact of ambient temperatures on helping. European Journal of Social Psychology. doi: 10.1002/ejsp.2242.
Security News Desk. (2013, June 27). Decision-making in a crisis: Understanding the brain. Retrieved from http://www.securitynewsdesk.com/decision-making-in-a-crisis-understanding-the-brain/
Smith, J. (2009, December). 12 reasons employees leave organizations. Peoria Magazine. Retrieved from http://www.peoriamagazines.com/ibi/2009/dec/12-reasons-employees-leave-organizations
The final project description:
Framework of Strategies for IHRM Functions
The Portfolio Project for this course will challenge you to create a broad framework of strategies for an international human resources function. In this final module, you will complete your last strategy and then compile all of your strategies to create a broad framework for developing an international human resources functional strategy process.
Strategy 8: Alignment of HR and Strategic Business Units
Develop a working framework to guide an HR function to better align itself with the strategic business units of an organization. Further, use the same framework guide to develop a human capital profit process (developing, nurturing, and rewarding people) to aid the organization’s bottom line and to better align the human resources function with other strategic business units.
Compilation of Strategies:
Now compile Strategies 1-8 in a single document with a header for each strategy and a complete reference page for all sources. Incorporate the feedback provided by your instructor throughout the course and carefully revise and edit your entire IHRM framework. The completed framework should include an overall introduction to the framework and a conclusion that explains its merits to form a single, cohesive project.