The Story Of Spain

Question: Write an essay onThe story of Spain. Answer: Introduction The story of Spain in terms of human resource management has increased a lot in last few years. It generally includes labor market turnover, legal aspects in hospitality and marketing strategies sector and relationships between human resources practices. The Human Resource Management is the most essential part of an organizational management. This report has presented various human resources management issues in context with these two companies. This report has reflected and highlighted the diversity issues relating to the context. It holds very important prospects in staffing, designing work and employees compensation and benefits. In this assignment, this report has highlighted the core concepts of basic human resources management issues in an organization with specific types of talent at each company needs. Overview of the Company This report has chosen the small startup company as Mythos360 and large multinational company as Privalia. Both the companies are duly associated with e-commerce sector. The above mentioned two companies are situated in Barcelona, Spain. This report has presented various human resources management issues in context with these two companies. Comparison, Contrast and Analyze the HRM Issues and Challenges faced by the Company This report has highlighted some HRM issues in Mythos360 Company which generally include aging workforce, diverse workforce and skill deficiencies workforce. The prevailing challenges in Mythos360 Company is project focus challenge, technologist as a manager challenge, generational challenge, salesman role challenge and labor market exuberance challenge (Purce 2014). This report has reflected various Human resource management (HRM) issues in Privalia which comprises of compensation issues, employees functions issues and tax and insurance considerations. The overcoming challenges of HRM in Privalia include globalization, employee selection, training and development and managing conflicts (Hoque 2013). As mentioned above, the various issues and challenges; the most common types of issues that is generally faced in recruiting employee from different countries and compensation issues (Ulrich 2013). As small startup companies are unable to invest a large sum of money in share market; the company faces a minimal loss; whereas the large multinational company Mythos360; has good revenue turnover has large infrastructural amenities and its priority is set according to market segmentation (Bratton and Gold 2012). Specific Issues in terms of recruiting staff from other countries There are specific types of issues that are commonly faced in terms of recruiting staff members from other countries (Purce 2014). This report has highlighted those issues in context with Mythos360 and Privalia e-commerce companies. Some specific issues are:Cultural Adjustments: It generally includes multinational experience, culture awareness, ability to accept the latest diversity and culture adaptability (Hoque 2013). In both the companies This report has imagined that these common issues are faced by most of an organizational management; that led the social factors in recruiting multinational staff members. Communication Skills: It comprises of capabilities of languages, listening skills, in verbal awareness and unable to solve conflicts (Buller and McEvoy 2012). In Mythos360 Company these issues are faced since three months ago. In Privalia Company also communication skills biased are seen comparatively.Organizational requirements: In a company like Privalia and Mythos360 the is sue of organizational requirements generally includes organizational knowledge, job related skills and technical abilities (Hendry 2012). This is commonly undertaken by local human resource function under the strict participation and guidance of the human resource of the parent company. Evident of HRM Policies from the Company website and Connection with the understandings of the fundamentals of HRM Evidence From the company website there is no proper significance of Human resource management (HRM) policies evident. This report has evaluated the HRM policies with reference to another company that are also situated in Spain. The evidence based HRM has been segregated into three major segments which generally includes actual measurements, existing data and research studies (Hoque 2013). Based on the above study, this report has identified that the two companies (Mythos360 and Privalia) are totally interrelated with the concepts of Human resource management (HRM) policies. This report has reflected and highlighted the diversity issues relating to the context. Some of these are mentioned below: respect in the workplace, conflicts, lifestyle acceptance, cultural and ethical differences, communication and harassment, discussion of political threatens and gender disparity (Buller and McEvoy 2012). Additionally, there are more diversity issues that affects the concept if HRM policies in a common workplace environment. This report has analyzed varieties of articles and surveys; and comes to conclusion that the evidence of Human resource management (HRM) policies is clearly pointed towards the company management. Specific types of talent that each Company needs There are various types of talent that each company requires. This report has highlighted some specific types of talent that each company (Mythos360 and Privalia) needs. Some of these are: 1. The company management needs the human resource manager as knowledgeable and experts in the field of human resources. The successful Human resource management (HRM) managers must have zeal to update its knowledge in latest trends and practices in human resources.2. Maximum company management wants to appoint a human resource manager as a good approachable, time management, self discipline, decision maker, business acumen and trust advisor towards an organization (Purce 2014).3. The major talent of human resource manager is metric oriented. The successful HR manager must have flair of specific metrics as they are helpful in impoverishing several processes in the organization.The company management needs these types of talent because there are various types of issues and challenges that are going to face by every organizational management. Some of these include: change management, development and learning, retention of staffing, cost benefits and measurement of human resource effectiveness (Ulrich 2013). Apart from this, the two companies Mythos360 and Privalia also need to adopt these talents as a challenge. Effective Management of HRM talent in a Company Prospective Based on the above study, This report has identified that the two companies Privalia and Mythos360 has adopted and implemented various concepts to manage the human resource management talent effectively (Maertz and Boyar 2012). From the above research, This report has identified some valuable points by which it can be proved that the companies are trying to manage the talent effectively. Some of the points include: Mythos360 has make some changes in retaining the best employees, improved valuable products and services. The company has also reduced the work load pressure from human resource management department (Hendry 2012). While, the company Privalia started to build social relationships with company staff members. The company has expanded the Human resource management (HRM) team in two divisions; in order to work effectively and efficiently in a common workplace environment. Conclusion This assignment concludes with the broad concepts of various human resource management issues prevailing in Startup Company and in large multinational companies of Spain. The Human Resource Management holds very important prospects in staffing, designing work and employees compensation and benefits of an organizational management. This report has highlighted the issues associated with recruiting employees from different countries, evident of human resource management policies evident from the company websites. In this assignment, this report has highlighted the core concepts of basic human resources management issues in an organization with specific types of talent at each company needs. This report has evaluated the HRM policies with reference to another company that are also situated in Spain. Apart from this, the two companies Mythos360 and Privalia also need to adopt these talents as a challenge. This assignment is very useful because it gives the advance knowledge of human resou rce related issues that prevails in common company management. References Bratton, J. and Gold, J., 2012. Human resource management: theory and practice. Palgrave Macmillan.Buller, P.F. and McEvoy, G.M., 2012. Strategy, human resource management and performance: Sharpening line of sight. Human resource management review, 22(1), pp.43-56.Hendry, C., 2012. Human resource management. Routledge.Hoque, K., 2013. Human resource management in the hotel industry: Strategy, innovation and performance. Routledge.Kehoe, R.R. and Wright, P.M., 2013. The impact of high-performance human resource practices on employees attitudes and behaviors. Journal of management, 39(2), pp.366-391.Maertz, C.P. and Boyar, S.L., 2012. Theory driven development of a comprehensive turnover attachment motive survey. Human Resource Management, 51(1), pp.71-98.Purce, J., 2014. The impact of corporate strategy on human resource management. New Perspectives on Human Resource Management (Routledge Revivals), 67.Renwick, D.W., Redman, T. and Maguire, S., 2013. Green human resource managem ent: A review and research agenda. International Journal of Management Reviews, 15(1), pp.1-14.Riley, M., 2014. Human resource management in the hospitality and tourism industry. Routledge.Ulrich, D., 2013. Human resource champions: The next agenda for adding value and delivering results. Harvard Business Press.