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HRM3704 Assignment 3 Semester 2 2024 | Due 16 September 2024

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HRM3704 Assignment 3 Semester 2 2024 | Due 16 September 2024. All questions answered. SAFSI is a financial services company that specialises in providing insurance services to companies and individuals in the form of retirement annuities, and investments. They also have a section that offers car, home and life insurance. SAFSI boasts of good profits yearly. SAFSI’S HR Director, Reinhard was appointed two years ago after senior management and the board realised that there were challenges caused by the absence of a full HR representative at the senior management level. Reinhard sits at senior management meetings but also heads the HR function of SAFSI. SAFSI is a financial services company that specialises in providing insurance services to companies and individuals in the form of retirement annuities, and investments. They also have a section that offers car, home and life insurance. SAFSI boasts of good profits yearly. SAFSI’S HR Director, Reinhard was appointed two years ago after senior management and the board realised that there were challenges caused by the absence of a full HR representative at the senior management level. Reinhard sits at senior management meetings but also heads the HR function of SAFSI. 1.1. Considering the challenges faced by the SAFSI concerning the actions of the former majority unions, discuss the competencies of leadership that HR leaders and senior management require and support your response with relevant examples. 1.2. Critically discuss the relationship between strategic management and strategic human resource management at SAFSI. 1.3. Debate the merits of a relevant best-practice approach to strategic human resource management at SAFSI with the selection and appointments. 1.4. Explain the basic principles of strategic human resource management (SHRM) that were applied at SAFSI’s strategic HRM level. 1.5. Discuss the resource-based view as one of the foundational theories that inform contemporary strategic human resource management in relation to the challenges of employee development at SAFSI. 1.6. Critically analyse transformational leadership as one organisational model of leadership in relation to how the HR Director and senior management addressed the challenges of a union with dwindling numbers and provide relevant case study examples to support yourself. 1.7. Discuss the leader management role of senior management that is depicted in their interaction with the former majority union. 1.8. What successful leadership qualities were displayed by management in their communication with the former majority union? 1.9. Discuss techniques of leadership training and development that are depicted in the case study and say if they can be useful or not.

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SAFSI is a financial services company that specialises in providing insurance services to companies
and individuals in the form of retirement annuities, and investments. They also have a section that
offers car, home and life insurance. SAFSI boasts of good profits yearly. SAFSI’S HR Director,
Reinhard was appointed two years ago after senior management and the board realised that there were
challenges caused by the absence of a full HR representative at the senior management level. Reinhard
sits at senior management meetings but also heads the HR function of SAFSI. SAFSI is a financial
services company that specialises in providing insurance services to companies and individuals in the
form of retirement annuities, and investments. They also have a section that offers car, home and life
insurance. SAFSI boasts of good profits yearly. SAFSI’S HR Director, Reinhard was appointed two
years ago after senior management and the board realised that there were challenges caused by the
absence of a full HR representative at the senior management level. Reinhard sits at senior
management meetings but also heads the HR function of SAFSI.

1.1. Considering the challenges faced by the SAFSI concerning the actions of the former
majority unions, discuss the competencies of leadership that HR leaders and senior management
require and support your response with relevant examples.

Theory
HR leaders and senior management require several critical leadership competencies to address
organizational challenges effectively. According to research, these competencies include:

 Business Proficiency: Leaders need to thoroughly understand the business, including its
financials, strategies, and key operational drivers, which enables them to make decisions that
align HR policies with business goals.

 Change Management: Leadership must excel in guiding the organization through change by
applying proactive problem-solving and innovation, as well as effectively communicating new
values and behaviors to employees .

 Emotional Intelligence (EI): Emotional intelligence, which involves self-awareness,
self-management, and social skills, is crucial for understanding and managing relationships.
This ensures that leaders can navigate the human aspect of organizational challenges .

 Strategic Thinking: Leaders must adopt a strategic mindset that integrates people
management with broader business goals, ensuring alignment between HR and organizational
strategy .

Application
In the context of SAFSI, where challenges emerged due to the absence of a full HR representative in
senior management, Reinhard’s leadership should exemplify these competencies. For instance:

 Business Proficiency: Reinhard must ensure that HR initiatives are designed to support
SAFSI's profitable operations in retirement annuities, insurance, and investments.
Understanding SAFSI's business model allows HR to implement strategies that align employee
performance with business growth.

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