Analytical report on a current 'people issue' in the business news Essay

Analytical report on a current 'people issue' in the business news event as a 'case study you are required to undertake an - Essay Example The two major areas of HRM chosen for the purpose are human resource management care for the employees in organisations; and resourcing the organisation. The article chosen is on a recent survey which was undertaken by the â€Å"WorldatWork† (HRM Guide, 2010). The article has been chosen to ensure that it highlights the major aspects of recruitment practices and other benefits that employees are liable to in an organisations. It tries to bring about a link between the theories and practices and identifies the gaps between the same. Lastly, it provides suitable and needful recommendations to be undertaken by organisations in removing the same. Description about the news article The news article which was published on July 02, 2010 brings forth the results of a survey which was conducted on a number of employers in the US over â€Å"paid time off work† (HRM Guide, 2010). Three fourth of the employers in USA responded by saying that it was necessary to offer programs of pa id time off in order to remain competitive in the labour market. They conducted the programs through traditional and non-traditional ways. There were 1036 numbers of respondents from the benefits and compensation departments in the large corporations in USA. Lenny Sanicola, a member of the WorldatWork said that â€Å"time is the new currency and employers remaining committed to providing paid time off as a key employee benefit and reward† (HRM Guide, 2010). The three programs which were used in by employers are the traditional method, the PTO Bank type method and the Unlimited Leave method. The first method was used by 54% of the US companies. Under this program, employees are given particular allotments for vacations, sick and personal days. The PTO Bank model were being used by 40% of the employers under which employees were given a particular numbers of days to be used as leave for individual purposes. The unlimited leave strategy was undertaken by only 1% of the organisat ions under which employees would be given as many leaves as they wanted. It was seen that majority of the companies in USA were losing numerous dollars in the form of productivity and payroll expenses. The reason was that they were failing to manage the employees’ time off effectively. Employers believed that this would be crucial for successful recruitment, selection and retention of candidates but most of them did not maximise on the value of this aspect in the benefits program. The survey on 421 companies showed that 11% of them provided the time-off programs equally among all the employees. This made it difficult for them to manage and administer. The reports showed that the time-off programs were important tools for increasing attractiveness of organisations as employers but it had become extremely complex. This had made their administration and management difficult. It is crucial that companies undertake such programs which would allow them to quantify and track the tim e-off that their employees take since the programs involved are as expensive as that involving health care benefits, or overtime and temporary labour. It is realised that employers are the first ones and directly responsible providers of welfare to the employees. It is their involvement with the welfare facilities which