Samsung Group
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PROPOSALA) BackgroundSamsung Group is a South Korean multinational conglomerate headquartered in Samsung Town, Seoul. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s, these areas would drive its subsequent growth. Following Lees death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly globalized its activities and electronics in particular, its mobile phones and semiconductors have become its most important source of income.Notable Samsung industrial affiliates include Samsung Electronics, Samsung Heavy Industries, and Samsung Engineering and . Other notable subsidiaries include Samsung Life Insurance, Samsung Everland and Cheil Worldwide.Samsung has a powerful influence on South Koreas economic development, politics, media and culture and has been a major driving force behind the “Miracle on the Han River”. Its affiliate company’s produce around a fifth of South Koreas total exports.Samsungs revenue was equal to 17% of South Koreas $1,082 billion GDP.B) Corporate Culture- Vision :”Inspire the World, Create the Future”- MissionTo be the best “Digital-company”-Structure :[pic 1]C) Future Planning-manufacture of high quality product-to ensure that such product are availed in the latest technology all over the word. -delivers goods based on the customers’ latest demands-both user-friendly and environmentally friendly-ensure its products do not cause harm to the user or the environment-provides customers its products that more than meet their demands-present some of the latest trends in electronicsQuestion 1Explain the purpose and the functions of HRM, applicable to workforce planning and resourcing an organization. Human resource management (HRM) main goal is increasing employees’ productivity and let employees perform at their highest level corresponding to their role in the organization. Besides that, Human resource management (HRM) will keep motivate the employee to maintain their commitment towards the organization. The responsibilities of a human resource management have 5 major area: recruitment and selection, orientation, maintaining good working conditions, Managing employee relations and training and development.
Recruitment is the process of attracting, screening and selecting potential and qualified candidates based on objective criteria for specific work. The goal of this process is to attract qualified applicants to encourage non-eligible applicants to opt out. Before starting the recruitment process, the organization must implement the appropriate staffing plan and classify the number of employees they need. The employees forecast depends on the organizations annual budget and the organizations short and long-term goals. The recruitment and selection process is very important to each organization because it reduces the cost of missing, such as incompetent, motivated and low-qualified employees. Shooting unqualified candidates and recruiting new employees is again an expensive process Many organizations do not provide a full direction for new employees. This is the basic step to help new employees adjust with their employers and new jobs. The employee orientation program should include the organizations goals and objectives, and how the employees can help achieve the organizations long-term and short-term goals. The focus on the staff is one of the main functions of human resources management. The program should help the employee to know his assigned duties, as well as his or her exact job description, job title, and relationship with other positions in the organization. It clarifies that employees play an active role in the organization. The human resources management department is responsible for providing employees with good working conditions so that they like the working environment and the working environment. Motivating employees is the fundamental responsibility of the human resources department. The study found that employees do not contribute as much as possible to the organizations goals. This is because of lack of motivation. Establish a human resources management system to provide financial and non-economic benefits to employees in the various sectors. Employee benefits are another concept of human resource team management. Employee benefits promote job satisfaction. Employees are the pillars of any organization. Employee relationship is a very broad concept and one of the key functions of human resource management. This also helps to cultivate good employee relationships. They have the ability to influence behaviour and work outcomes. Management should be organized to help identify employees activities at the individual and professional levels. Careful planning of employee relationships will promote a healthy balance between employees and employers. This is the key to the success of the organization Training and development is and indispensable feature of human resource management. Improve employee’s current or future performance by improving the ability of employees to educate and improve their skills or knowledge in specific subjects