Contemporary Issues in Human Resource Management (HRM3704)
Exam (elaborations)
HRM3704 Assignment 3 Semester 2 2024 | Due 16 September 2024
59 views 3 purchases
Course
Contemporary Issues in Human Resource Management (HRM3704)
Institution
University Of South Africa (Unisa)
Book
Contemporary Issues in Human Resource Management
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 c...
HRM3701 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 (785623) - DUE 28 October 2024 Course Applied Human Resource Management Competencies (HRM3701)
Contemporary Issues in Human Resource Management (HRM3704)
All documents for this subject (47)
Seller
Follow
Aimark94
Reviews received
Content preview
, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT
Please note that the author of this document will not responsibility for any plagiarizing you
commit.
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Aimark94. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.86. You're not tied to anything after your purchase.
