Whether employees are in a big company with thousands of employees, or a small country store, managing people is vital to any organization. This paper is about leading people through a management system called Human Resource (HR), that does more than payroll, design training, and avoiding lawsuits. It provides essential components that will ensure that human talent is used effectively ...
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...and educational training, received an upgrade that implemented strategies so that employees understand the organizational strategic goals. In 2004, Rio Tinto’s share price started to waver as our leadership position came under threat from a changing business model in the metal and mining industry. Pressing for lower costs, customers wanted to leverage purchases across commodity sectors—such as copper, coal or iron ore—participate in global marketing and streamline their supply chains. Rio Tinto was ill-equipped to respond. Our business model, consisting of affiliated owned or joint-venture companies, was decentralized with few global standards, systems or programs. We needed a global model to regain our competitive edge. Because business strategies affect HR plans and policies, consideration of human resource issues should be part of the strategy formulation process.
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