Assignment 1 Submission Guidelines HRMT 20007, Term 1, 2012 Course Coordinator: Dr Ezaz Ahmed (e.ahmed@cqu.edu.au) On campus, Distance and Metropolitan Campus Students: • All assignments for HRMT 20007 must be submitted through Moodle site. • All assignments submitted electronically through Moodle must be through the Student Portal http://my.cqu.edu.au • Failure to submit electronically will be taken as a failure to submit, and therefore you may disadvantage yourself by not achieving a passing grade for this course. • NOTE: Copy detection software (TurnitIn) is used in this course and work found in contravention of the copying and plagiarism rules will be investigated. Severe penalties apply in the case of proven instances of copying, plagiarism and academic dishonesty. • Access CQUcentral to print a personalised Assessment Cover Sheet for each assignment submission. Instructions for generating your coversheet are at: http://dtls.cqu.edu.au/FCWViewer/getFile.do?id=23407 • Students must submit their requests for extension of assignment submission date through CQU system, no email or telephone request will be accepted. Policies and Procedures for Assessment: • Students must familiarise themselves with the following policies and procedures at http://policy.cqu.edu.au: Assessment and examination policy and procedures Assessment of Coursework Policy Assessment of Coursework Principles Assessment of Coursework Procedures • Assignment preparation and presentation Guide for Students, Referencing style links: http://www.cqu.edu.au/about-us/service-and-facilities/communications-learningcentre/academic-communication/useful-websites • The Faculty of Arts, Business, Informatics & Education 2011 Guide for Students http://content.cqu.edu.au/FCWViewer/getFile.do?id=40465 • The Faculty of Arts, Business, Informatics & Education generally uses the Harvard (Author/date) style of referencing except for education, history and law courses. More information on the styles used by various schools can be found at http://facultysite.cqu.edu.au/FCWViewer/view.do?page=3955 • Applying for assignment submission extensions, Assessment grading and Plagiarism links http://www.cqu.edu.au/faculties/faculty-of-arts,-business,-informatics-andeducation/assessment Important Dates: Assignment 1 Submission Date and Time: Week 6: 13 April, 2012, Friday, 11.45 pm AEST (Australian Eastern Standard Time) Assignment 2 Submission Date and Time: Week 12: 25 May, 2012, Friday, 11.45 pm AEST (Australian Eastern Standard Time) Examinations (if applicable): Standard Examinations: 31 May - 08 June, 2012 Deferred/Supplementary Examinations: 06 - 10 August, 2012 Note: A recess is held during term. Please consult the CQU handbook for specific dates and other information at: http://handbook.cqu.edu.au Contacting Teaching Staff During the course, students should initially contact their local teaching staff to answer any queries related to the course that they may have. Contact details for local teaching staff can be found on the Moodle course website. If local teaching staff cannot fully answer the query or it is of a personal nature, students can contact the Course Coordinator Dr Ezaz Ahmed and here is Dr Ahmed’s contact information: Dr. Ezaz Ahmed Lecturer, Human Resources Management School of Management and Marketing Central Queensland University Martin Hanson Building, G 06-7 Bryan Jordan Drive, Gladstone, QLD 4680 Australia Email: e.ahmed@cqu.edu.au Tel: +61 7 4970 7206 (office) Skype: ahmedezaz Fax: +61 7 4970 7252 Student Contact A directory of assistance containing information for both on-campus and off-campus students will be provided on the web, before term starts, at: http://content.cqu.edu.au/FCWViewer/view.do?site=534 The university allocates every student an individual email address, the format of which is firstname.lastname@cqumail.com (e.g. john.citizen@cqumail.com). This is the official email address that the university will use for all email correspondence. Student emails can be accessed through http://my.cqu.edu.au Students are expected to check their official email address on a frequent and consistent basis (at least once weekly). Students are encouraged to review the new Student Email Principles university policy relating to email communication at http://policy.cqu.edu.au which has been introduced to ensure all course and program updates are received. Regular student access to email is required for this course. Regular student access to the Internet is required for this course. Students are expected to follow a self directed study schedule which meets the required deadlines. Student use of the course website is mandatory. This is provided using the Learning Management System (LMS) which can be accessed through the MyCQU Student Portal: http://my.cqu.edu.au This course uses Moodle extensively. If you have difficulty logging in, please contact Helpdesk on (07) 4930 9233. Assessment item 1 — HRM Essay Due date: 13 April, 2012, 11:45 pm AEST, Friday of Week 6 Weighting: 50% Length: 4000 words ±10% (excluding title page and reference list) ASSESSMENT 1 Objectives This assessment item relates to course learning outcomes numbers 1 to 5. Purpose The primary purpose of this assessment item is to assist students develop skills in the use of HRM principles, theories and models in the analysis of a typical business situation that has human resource ramifications. The assignment requires you to analyse the current situation, identify and specify the problems, and suggest a practical and probable HR solution. The secondary purpose of this assignment is to give students the opportunity to enhance their research, analysis, critical thinking and written communication skills; particularly in the areas of argument development and essay writing. Details Before starting this assessment, please read the marking criteria (at the end of this document) and the Faculty’s Guide for students on FABIE website and refers to the course website for information regarding the formatting of the essay. Read the following case study and respond to the task requirements at the end of the case within the context of an academic essay. You are required to support your argument with appropriate theoretical discussion and references. The assignment should be a properly constructed academic essay. It should contain an effective introduction, discussion body and conclusion. The introduction should introduce the essay, thesis statement (main objective of the assignment) and include your argument. The body should present the evidence you have collected to support your argument, and the conclusion should restate your argument, summarise the evidence and make a conclusion regarding your argument. The assignment should contain a coherent, but necessarily restricted review of the academic literature on the Human Resource Management topics in question. The literature review should be integrated into the assignment, not a separate section. Advice regarding formatting of the essay can be found in Faculty’s Guide for students at http://www.cqu.edu.au/faculties/faculty-of-arts,business,-informatics-and-education/general-information/guide-for-students. A reference list formatted in the prescribed Harvard style is compulsory. Do not include a bibliography. Further information regarding formatting of assignments and other information is available at http://www.cqu.edu.au/about-us/service-and-facilities/communications-learning-centre/academiccommunication/useful-websites This assessment item involves researching your assigned topic to enhance your understanding of Human Resource Management concepts and utilisation of academic literature. Whilst you should AVOID using only textbooks, the prescribed textbook for the course should be cited in regard to broad HRM principles. You will be expected to present information and evidence from, and cite, at LEAST twelve (12) relevant peer-reviewed, academic references (minimum requirement). Refer to your recommended readings for examples of academic references. The quality and number of citations will demonstrate the breadth and depth of the literature used to formulate your argument. AVOID presenting a descriptive account ONLY of your readings. What is required in this assessment is a critical evaluation of the academic literature as it relates to the specific details of the case study. Your marker is interested in the conclusions that YOU arrive at from YOUR evaluation of the literature and of the case study. Case study: When the only way is up The financial and banking sector will never look the same again. The global financial crisis (GFC) has stimulated a major shake-up of this sector. The International Labour Organization (ILO) estimates that during the 18-month period between August 2008 and February 2009 there were more than 325 000 layoffs and the demise of the workforce continued in the later part of 2009. The ILO considers the loss of jobs in the finance and banking sector will not be a short-term phenomenon, but rather represent permanent job losses. In Australia, there has been a similar story. In the finance and banking sector Finance Sector Union (FSU) estimates more than 7000 jobs were lost across the number of banks. The data from the Australian Bureau of Statistics (ABS) provide an even more disturbing picture. They indicate that the impact of the GFC has been even more severe. In Victoria, it revealed there were 14,000 fewer jobs in finance and insurance sector and the 3000 less jobs in New South Wales. What will the finance and insurance sector look like when the economy improves? Will it look like the sector pre-GFC? The Finance Sector Union (FSU) national policy director, Rod Masson, believes the sector will not be the same as previously. He predicts that when the economy picks up, the finance and insurance industry will be smaller and less competitive. Organisations in the sector are preparing themselves for an improvement in the economy and a time when talented labour will be in short supply. Even during the recession, it is important to retain highly skilled and productive people and retain those people with potential to become future leaders in the organisation. Susie Babani, Group General Manager at the ANZ, says, “In difficult times, talent really shines” and this is when they come to the fore. There are particular areas of banking and finance where there are areas of skill, such as risk experience and risk knowledge, and that are in high demand. Babani claims you cannot sit back and say, “Where are they going to go, because in the same way I know I would take talented people wherever I could find them, whether they are employed or unemployed, so will our competitors”. The ANZ is also continuing its development of high potentials and is putting more effort and time into reassuring these high potentials that the bank values them. High potentials at all levels of the ANZ are selected using a ‘talent radar’. These individuals are provided with the opportunity to undertake training and development as well as the opportunity to work in situations which are regarded as stretch opportunities. These opportunities can include a six-month placement overseas or working on a special project. In addition, these talented staff are provided with access to senior executives. These development opportunities are supported by the reward and recognition system. The bonus pool at ANZ remains in place. Regardless of the economic times, the best performers still receive the bonuses. The bonus pool is not spread across the employees of the ANZ, but is allocated in terms of evaluations of performance. Babani states, “We believe out-performance should be rewarded in good times and bad times”. As mentioned previously the bank also works at reassuring these employees how much they are valued. Other banks are also preparing for the improvement and upturn in the economy. At the Commonwealth Bank of Australia (CBA) the Executive General Manager of talent and development, Sam Sheppard, claims there has been a lot less change at the CBA than at other banks. The CBA is very much getting ready for the improvement in the economy. It is doing this by continuing to hold talent discussions and to monitor staff requirements and the skills and capabilities of the staff in the CBA. The CBA is seeking to ensure it has the right people in the right places so it can meet the bank’s goals. The talent discussions are focused on career paths, training and the creation of more flexible workplaces. The bank is seeking to inform employees about the potential future challenges and the way the bank plans to deal with these challenges. The bank recognises that the future economic climate is uncertain and unpredictable and that this requires an attitude of adaptability and flexibility. The challenge in the current downturn is the uncertainty about the future. Sheppard claims because of this uncertainty it is only possible to inform employees about what is happening at the moment. This then enables the employees to contribute to the delivery of performance outcomes that the bank needs. In addition, leaders and CBA staff are involved in the process of problem solving by being asked to develop solutions to the short-term needs of the business without impacting the talent pool in the bank. Some of the suggestions that have been implemented include extended leave, nine-day fortnights and career breaks. Although there is a desire to focus on the requirements of the job at hand, there is also a need not to lose sight of the longer term. This is particularly the case with regard to rewards. At the CBA it is recognized that talented staff are more concerned about being part of the process of driving towards a successful future. These staff are more concerned about maintaining a career and having a secure future. They also want to feel they are being looked after and that they are important. The CBA recognises there is always a market for talent and that typical financial reward mechanisms will only deliver short-term outcomes and have a short-term impact. The CBA is seeking to create an environment in which talented staff will select to join the bank and then decide to remain. The National Australia Bank (NAB) also recognises the value of investing in staff and building collaboration during the downturn. Training and development in tradeable skills is regarded as one way of rewarding employees. This makes the employees more valuable. Although the investment in these employee skills makes the employees more employable and marketable, it also makes them more likely to stay because there is a cost in leaving the NAB. The professional services firm KPMG anticipated that there was going to be a downturn in business. It had a scenario plan which enabled the firm to map its way through the difficult economic times. As an organization reliant on its people, it recognised that short-terms decisions implemented to deal with the downturn would have a detrimental impact on the ability of the firm to negotiate the difficult times, retain its values and maintain its position as an employer of choice. Although there has been a decrease in client demand in some sections of transaction parts of the business, by restructuring services there has been an increase in services. In addition, like the banks discussed above, KPMG has invested in training so that staff are able to swap around within the organization. In 2005 KPMG introduced a flexibility program in order to deal with work life balance issues. There has been renewed interest in the flexibility program during the economic downturn and 40 per cent of staff have placed themselves on a flexibility arrangement. Staff at KPMG are reflecting on the fact that they have been working extremely hard during the last five years and now they have the opportunity to work in a more flexible way and do more non-work activities. (Adapted from L. Gettler, 2009, ‘When the only way is up’, HR Monthly May, pp. 12-15) Task: Write an essay that (a) Critically analyse the reasons it is important for organizations to effectively manage talented and high potential staff during an economic downturn. (b) Explain the ways the organizations (ANZ, CBA, NAB and KPMG) discussed in the case study have managed their talented and high potential staff during an economic downturn. (c) Evaluate how effective the measures undertaken by these organizations will be in retaining talent as the economy picks up. The answer should be in light of indentifying the key stakeholders in the case study and their related interests in retaining employees in the organizations. All the answers must be written with supporting academic references. HRMT20007 – HUMAN RESOURCE MANAGEMENT Assessment item 1 - Marking criteria for HRM Essay Case Study: When the only way is up Name…………………………………… Student No.…………….. Your essay will be assessed on the extent to which it meets each of the following criteria: CONTENT: Does your topic analysis demonstrate: Marks • A thorough knowledge and critical analysis of the HRM topic expressed in a coherent format with a clear beginning, discussion and conclusion? • Knowledge and application of relevant HRM theories and/ or models in response to the topic questions? • Appropriateness of responses to the task requirements? Persuades the reader that the point of views developed in the answers is well supported by ideas and information drawn from academic literature and reflection. • Relevant and accurate literature (cited at least twelve (12) academic references) PRESENTATION: Does your topic analysis demonstrate: • Clarity of expression/grammar and spelling? • Strict conformity to referencing style of the Author-date system of referencing as set out in the Australian Government Publishing Service 2002, Style Manual for Authors, Editors and Printers, 6th edn, AGPS, Canberra? (Refer to Guide for students) • Appropriate presentation format and presented within (±10%) the word limit: 4000 words? • Late Penalty where applicable. ADDITIONAL COMMENTS: /25 /25 /20 /15 /5 /5 /5 The mark assigned to HRMT20007 Assessment 1 /100 (Weighting = 50%)