Essay OL 211 OL 211 Analysis of Case Study: A.P. Moller-Maersk Group: Evaluating Strategic Talent Management Initiatives. Latest 2021

OL 211 Analysis of Case Study: A.P. Moller-Maersk Group: Evaluating Strategic Talent Management Initiatives. Latest 2021.Comprehensive HRM Evaluation and Proposal (Final Project Summary) Today, organizations’ greatest investment is its human capital. The human resource management plays a vital role in an organization in ensuring that they get the best return on their investment. Analyzing the human resource functions and practices on a local and global scale will measure the organization’s competitive advantage. Organizations should utilize staffing strategies and provide training activities to its talents for continuous development. Employees tend to be motivated at their job when there are rewards such as compensation, benefits and performance appraisal. The human resources function today plays a key role in attracting, keeping and developing talents in an organization. HRM Functions and Practices: Function The human resource function should be aligned with an organization’s strategic plan because it is directly responsible for attracting, identifying, developing, rewarding and retaining its human capital. An organization will not be successful without the right people in the right job and developing them to be a future leader that could potentially drive positive business results. HR is also responsible for making sure that employees are rewarded according to their performance. HRM Functions and Practices: Global Conditions In recent years, Maersk had seen a rise in its unusually low historic employee turnover rate. Maersk also experienced a notable change in its corporate culture as it transitioned from a family-owned company into a global conglomerate. There were five notable talent challenges that Maersk was experiencing. These are employee turnover, training and development programs, hiring, rehiring former employees and diversity. Maersk relied heavily on hiring unskilled workers and had an extensive training program to develop their skills.