The Impact of Human Resource Development Programs on Employee Essay

The Impact of Human Resource Development Programs on Employee Performance - Essay Example In this research, primary data was gathered through the use of a survey questionnaire and interviews administered to two sample groups, namely managers and rank-and-file employees of ARAMCO. The 100 respondents were selected through stratified random sampling, comprising 80 rank-and-file employees and 20 managerial employees. Secondary data were gathered from existing literature on ARAMCO, particularly its annual report and documents existing in the public domain. The study determined that Saudi ARAMCO employs a best-fit approach to its human resources management, allowing for the gradual and continuous development of HRD policies and practices in the areas of motivation, rewards management, and performance management and appraisal. There are a number of gaps that exist between management and employee perceptions on these sensitive aspects of HRM; however, there are also a number of areas where the two parties commonly agree. The study concludes that a more effective HRM strategy may be arrived at by a refinement of the policies and practices currently evolving in the different internal environments of ARAMCO’s vast structure.SAUDI ARAMCO officially titled the ‘Saudi Arabian Oil Company’, is a unique organization on the global business landscape. It is the world’s singularly most valuable company, with assets currently valued (in 2010) at between $2.2 - $7 trillion. This value is likely to increase, however, as the company also presides over the world’s largest known oil reserves, an increasingly important commodity and the single most important driving factor for global business.

Management Systems & Financial Information for Decision Making Assignment

Management Systems & Financial Information for Decision Making - Assignment Example Additionally, key information regarding revenue and company’s overall performance help them in their regular decision making (Tesco, 2014a; BT, 2014a). Managers and executives operate at middle level and operational level within a corporation. They are essentially responsible for a variety of operational, strategic and investment related decision making on a regular basis. However, all these decisions require accurate, consistent, timely and reliable financial information regarding firm’s activities. For instance, managers at Tesco are responsible for sales forecasting and projections and for this purpose they need information such as past revenue data, sales volume and so on. Another illustration can be, if an operational manager wishes to minimise operational cost at BT, then the manager will require information related to various general and operational expenses. Such information can be obtained only from the financial statements of BT (Tesco, 2014a; BT, 2014a). Owners and partners are ultimately held responsible for proper functioning of a business firm. Organisations such as BT and Tesco are public corporations that are managed by group of shareholders where primary decision making is done by board of directors and chairman of the company. Board of directors including the chairman are responsible for framing strategic decision such as merger and acquisition, expansion to new market, new product development and undertaking new projects. All these activities require capital and scope of future prospect for the firm. Board members generally evaluate capital structure of the company, returns on investment and overall financial position of the firm from financial prior taking long term strategic decision. Owners are mostly interested in liquidity and solvency of a firm so that they can pay off various creditors and investors (Tesco, 2014a; BT, 2014a). Organisations such as Tesco and BT have a number of