Human Resource Management

Table of Contents Page

Cover Page 2

Table of Contents 3

1. Objective Of Report 4

2. Introduction 4

3. Introduction of Park Hotel Group(PHG) 4

4. Knowledge work – What exactly is it? 5

5. Findings 6

6.1.1. Recruitment & Selection Process 6

6.1.2. Training & Development 6

6.1.3. Performance Managements & Rewards 6

6.1.4. Succession planning 7

6. Analysis 7

7.1.5. Strengths 7

7.1.6. Weaknesses 8

7.1.7. Opportunities 8

7. Senge’s Five Learning Disciplines 9-10

8. Resistance to change 11

9. HR Practices in the near future (Singapore 2018) 11-12

10. Recommendations 13

11. Conclusion 13

12. References 14-15

Effects of HR practices moving onto the Knowledge Economy

1. Objective of Report

This report will firstly discuss workforce related issues within the context of Singapore, followed by the definition and functions of Human Resource Management, knowledge management, and organizational learning. It will then continue to explain the benefits of applying KM and OL principles which leads to innovation and achieving competitive advantage in terms of training and development and other human resource activities.

2. Introduction

According to Vadaketh (2013), The Singapore economy is seen to be increasingly dependent on knowledge work through the years. Nevertheless, recruiting foreign talents to fill knowledge-based jobs are rampant due to domestic talent shortages.

Furthermore, over the next five years, it is seen that a big portion of the local baby boomers turning 65 years old and reaching retirement age (Population White Paper,...