Contemporary Issues in HR Service Delivery Essay

Contemporary Issues in HR Service Delivery - Essay Example Most recent articles have argued that HR management can be a critical source of competitive advantage if it becomes strategic. The paper explores the strategic function of HR and the core practices and outlines outcomes of HR practices. Ulrich’s model avails new opportunities to HR function as the need for a more strategic and business-linked is evident. This emanates from the fact that corporations are experiencing dramatic changes that manifest significant implications based on how critical human resources are to their performance. Several studies have explored the capability for the HR function to be a strategic partner and established that it possesses a critical value-adding function. HR function should become strategically proactive and goes beyond mere administrative expertise. HR function should be an expert in strategic business partnering, employee advocacy, and change management (Robinson and Robinson 2008, p.203). A well structured strategic business partner role combined with an effective delivery of operational HR functions can aid in transforming of the HR function. Human Resource as a discipline has manifested considerable changes within the last two decades with phrases such as â€Å"business partner† becoming common. Given the present turbulent nature of the business world and the resultant demands on human capital, the strategic business partner role can deliver value to organizations (Caldwell 2001, p.39). The establishment of strategic business role emanates from a combination of possessing skills and knowledge within the arena of Human Resources, organization development, and partnership. Nevertheless, once the competence profile is established, it is also critical to comprehend the usual tensions as the organization moves from their present HR state to the utilization of a strategic business model (Price 2007, p.55). The strategic business partner (SBP) concept should be structured around availing human capital

Money and capital market Essay Example | Topics and Well Written Essays - 750 words

Money and capital market - Essay Example This form of policy gives the bank an opportunity to avail massive liquidity. This policy is very effective in addressing frozen liquidities that are experienced across the globe especially in the United States of America where money transfer between banks has been witnessed during a financial crisis. This is a step to mitigate the effects liquidity shortage could have as far as solvency problems is concerned. Liquidity policy response is also beneficial in many ways. It does not only offer solutions to short term money problems in market rates. It also helps to ease pressures at the markets as far as funding is concerned. This is a step towards ensuring that funds are supplied for long term benefits as well. Further, central banks help by enlarging the eligibility base as far collateral lending is concerned. In exceptional cases, central banks increase their lending bases to non depository financial institutions and banks as well (Stein, 2011, p. 4). Finally, central bank uses the l iquidity response policy to establish felicities for lending to enhance the market repose between banks. Liquidity response policies to the economic crisis have been seen to be essential in nurturing good communications among different countries of the world. In addition, central banks have also assisted many institutions within a country as far as emergency assistance concerning money is concerned. Swapping of money among banks has been also witnessed in Europe in 2011 in response to an economic crisis within the European Union. Monetary policy response also helps to determine the levels of interests’ rates. Subsequently; good interest’s rates create stable prices in an economy. For example in 2011, European countries adjusted the interest’s rate of their currency to avoid financial crisis. This way, the frameworks under which markets operate become favourable (Monetary policy report, 2011, p. 2). In addition, the decisions are transmitted to financial markets, as well as the actual economy, which increases the efficiency of the economy. Central banks have responsibilities to adjust the policies related to money to prevent the risk of economic instability. This way, the monetary policies are very important in dealing with problems related to inflation as the macroeconomic environments are usually kept in stable conditions. Ultimately; the possibilities of the financial crisis are greatly reduced. Fiscal policies are also handy in addressing economic policies. This is usually seen by the initiatives a particular government puts into place so as to deal well with the financial crisis within a nation. Fiscal policies are suitable in propagating a real economy from an economic crisis (Miriam, 2011, p.3). This form of policy involves a lot of interventions by the government in addressing the challenges an individual institution faces as far as the financial crisis is concerned. Other initiatives are also taken by governments so as to boost dom estic economies. Improving housing markets; for example, is very useful in boosting the local economies. In addition, supporting the growth of domestic industries rather than the individual ones is also a step towards increasing the growth of domestic economies in Australia as at 2012. Finally; monetary policies reforms as a way of dealing with the financial crisis are one of the options that are necessary. Such reforms can restore confidence within markets resulting into a financial