Examine Human Resource Management at Virgin Group
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
Latest posts by Mariam Peyton (see all)
At the Virgin Group, several policies were implemented in order to be more productive at excellent customer service. The primary purpose of the employees was to maximize their efforts so as to achieve the basic principles of the company. All the employees were influenced to remain extra innovative so as to ensure excellence. The employees were highly motivated and encouraged during the course of their work.
Currently, the Virgin Group is employing about 60,000 people throughout the globe hence leading to an outstanding and attractive culture. The culture at the Virgin Group promotes employee empowerment so that they can be highly innovative and provide the best services. The culture also encourages excellent customer care in order to provide value for their money. This paper examined the management of Human Resources at Virgin Group answering questions like; what is human resource management all about? What are the four human resources management HRM functions?
HRM is the process through which the manager of an organization recruits, selects, trains, and develops an effective employee team for the business. Human resource management involves employees’ features and performance in an organization or a business. It may also be defined as the strategic approach used in procuring, developing, and maintaining a highly skilled workforce to effectively attain an organization's goals through a distinctive set of integrated employment policies, programs, and practices.
The Virgin Group recognized that human resource management should not just be approached from a series of procedures, policies, and systems but should be balanced with a keen interest in the people of the organization through which key objectives are met. The various approaches used by the company are explained in the following sections of this paper.
HARVARD
Citation Here
Citation Here
APA
Citation Here
MLA
Citation Here
CHICAGO
Citation Here
Examine Human Resource Management at Virgin Group Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand the concept of Human Resource Management and its significance to any organization
- Understand how Human Resources is managed at Virgin Group
- Demonstrate your understanding and deep knowledge of the various aspects of Human Resource Management
1.0 INTRODUCTION
Human resource management refers to the process of managing the people who work for an organization. HRM involves planning, recruiting, selecting, training, developing, rewarding, and retaining employees. HRM also deals with issues such as employee relations, performance management, health and safety, diversity and inclusion, and ethics.
Virgin Group, founded by Sir Richard Branson, is one of the most effective and innovative companies in the world. It is made up of more than 40 companies operating in 35 countries, in various sectors such as travel, entertainment, media, health, finance, and telecommunications. The company has distinctive corporate cultures that reflect Branson's vision, values, and personality.
In this report, we will examine how Virgin Group manages its human resources and what makes it different from other companies. We will focus on three aspects of HRM: recruitment and selection, training and development, and rewards and recognition.
Recruitment and Selection
Recruitment and selection is the process of procuring human resources into organizations. It can also be defined as the art of determining and obtaining potential employees for a vacant position in an organization. Virgin Group is known for its exceptional and creative approach to recruitment and selection. The company not only relies on formal qualifications or experience as the main criteria for hiring but also looks for people who share its core values of fun, passion, innovation, challenge, and empowerment. The Group also values diversity and seeks to hire people from different backgrounds, cultures, and perspectives.
Training and Development
Virgin Group believes that learning is a lifelong process that should be fun and engaging. The company invests heavily in training and developing its employees to help them grow personally and professionally. The company offers a variety of learning opportunities such as online courses, mentoring programs, coaching sessions, workshops, seminars, conferences, and exchange programs.
One of the most unique features of Virgin Group's training and development program is the Virgin Academy an online platform that provides access to over 300 courses on topics such as leadership, entrepreneurship, innovation, marketing, finance, and sustainability. The courses are delivered by experts from within and outside the company.
Rewards and Recognition
Virgin Group recognizes that its employees are its most valuable asset and strives to reward them fairly and generously. The company offers a competitive compensation package that includes base salary, bonuses, commissions, stock options, pension plans, health insurance, and other benefits. The company also offers flexible working arrangements that allow employees to work from home or adjust their hours according to their needs.
Virgin Group is a remarkable example of how human resource management can be used as a strategic tool to create a competitive advantage in the market. By hiring people who share its vision and values, providing them with continuous learning opportunities, and rewarding them with meaningful recognition.
Cancel anytime…right from your account dashboard
NOT YET READY TO SUBSCRIBE? Try our other options below
Get a personalized on-demand assignment fast **
Purchase This Assignment On Demand
100% original custom written assignment
Zero plagiarism (checked via Copyscape)
Harvard/APA/AMA referencing
2500 words-(10 pages)
Price: £ 101.25
Services We are Offering
We are more than a free study and revision tool.
We also provide
on demand research and custom writing services.
123 Writing is the #1 exam revision and assignment study platform in the UK.
Get unlimited access to answered student essays, assignments, past exam questions and sample coursework written by qualified academic writers & tutors.
Our Standard subscription typically retails for £299.88 a year.
Today, you can join at 80% discount.
Here’s a full breakdown of everything you get as a Standard or Premium subscriber...
» Get access to our database of more than 5,770 answered premium strategy case studies
Get unlimited access to a robust database of premium business strategy case studies including more than 5,770 fully answered sample strategy frameworks and tools such as pestle, value chain, value matrix, porters five forces, Ansoff’s matrix, etc., authoritatively written and tailored for student revision, assignment preparation and transformative business research. Our strategy case studies are especially suited for university students wishing to apply strategic frameworks to real-world situations, company cases or simulations. All our strategy case studies come with teaching notes and learning outcomes, making them effective as coursework revision, and essay study help tools.
» Free access to past exam & assignment answers
Revise and prepare for exams and coursework with our fully answered exam notes and sample assignment papers. Furthermore, get quick on-demand answers to past exam question and assignment questions from our writers. Exam answer notes come with personalized lesson plans, and detailed study notes complete with detailed explanations of each answer, for maximum exam revision and assignment preparation. This tool is perfect for readers struggling with exam preparation & assignment study.
» Get extra assignment related help from our writers & tutors
Achieve high grades with a little extra assignment related support. Get extra help with your essays, assignments and general coursework, from our knowledgeable writers and tutors who will provide extra assistance when required for all academic related tasks including proofreading, grammar editing & correction, citations, referencing, etc. at no extra cost for standard and premium subscribers. All our standard and premium subscribers receive free proofreading services, which will include a check for punctuation, grammar, sentence formation, typographical errors, formatting, errors and other consistency issues (broadly).
» Get free assignment & essay writing help worth up to 7K words
Commission an on-demand essay, or assignment title from our knowledgeable writers and tutors on any subject matter. Get up to 7,000* words in on-demand custom assignment help from our writers who can assist with difficult topic in classical business literature. (* 7,000 free word credit exclusive to premium members).
» Fast & speedy answers to on-demand case solutions & assignment questions
Make use of your available free word credit (up to *7,000words) to commission on-demand custom case solutions, case study assignments and receive fast & speedy personalised answers. Receive timely and fast plagiarism-free answers to assignment questions or case solutions in as little as 1-2 business working days. Topics include Strategic Management, Marketing, Business Management, Economics, Operations Management, Organization Studies, International Business & Management, Human Resource Management and more. (* Exclusive to premium members).
» Get exclusive Q&A sessions with our subject matter writers
Ask our qualified, vetted and knowledgeable writers up to *12 essay, assignment and coursework related questions annually and receive accurate, clear, and detailed answers including step-by-step explanations briefs that are easy to follow. (*Exclusive to premium members).
» Free access to test bank questions & answers, study notes and practice quizzes
Test your knowledge on any subject with our quick quizzes and test banks for maximum retention after revision and studying. Test Bank contains questions in a variety of formats including multiple choice, true/false, short answer, and essay questions.
» Free access to video tutorials & study packs
Get free access to exclusive video tutorials to common subject topics. Our subject matter video tutorials, study notes and study packs have been created to help students learn and understand basic course module materials, as well as prepare students for their coursework assignment questions, essays and exams. Our video tutorials, study notes and study packs can be organized by topic, textbook or Question &Answer.
» Access to textbook chapter reviews and answer solutions
Get access to chapter reviews of popular business books, broken down in easy-to-understand simple concepts with simplified English. If English is not your first language, this service will make revising for essay assignments and exams as easy as 123 (Exclusive to premium members).
