Title should be chosen by the writer in accordance to the essay

Title should be chosen by the writer in accordance to the instruction - Essay Example The argument behind the above move is that companies stand to benefit through the use of a single set of metrics in gauging human capital. Erica Karop, Head of Global Sector Research at UBS Investments Bank, one of the participants, explained that any client choosing between two banks is most likely to choose and factor the one that spends much more on training and rewarding its workforce, which translates to lower turnover of employees – a costly expense to most organizations (Green, 2012). The U. S. HR Policy Association (HRPA), a lobby group with a membership of more than 300 top HR managers in the U.S, noted that in the current business environment, information regarding how much a company spends on training, and the type of workforce the company hires would be much more important to rival companies than to potential investors (Green, 2012). Therefore, as the business environment rapidly evolves, companies have to be more creative and innovative in training, motivating, an d retaining their workforce to remain competitive in the global market. ... Organizations are rapidly changing their operations towards larger customer oriented units and relying on a rich set of integration mechanisms within these entities. This largely results in different forms of internal hybrids that enhance lateral sharing of individual and organization knowledge, aimed at achieving economies of scale and scope. Similarly, as Green (2012) elaborates, companies through the HR have to strategize on setting a single set of metrics to gauge all the manpower, in ensuring effective integration of these business units as businesses reshape into larger customer oriented units according to the global business environment. Weber’s bureaucracy theory presents the best scenario of the new organizational forms. Clegg et al. (2012) note that Weber’s bureaucracy theory requires that jurisdictional areas be well specified with activities that are well distributed as personal official duties, whereas the traditional approach requires activities to be dele gated by the leader and can be changed at any particular time. In addition, Weber noted that officials in the organization have to be chosen based on technical qualifications, appointed and not elected, and well compensated to motivate them to perform. To ensure low turnover of employees, as Green (2012) explains, Weber’s theory indicated that employment by an organization has to be a career where the worker is a fulltime employee and yearns to have a life long career where they get tenure of their respective positions and are insured against arbitrary dismissals (Clegg et al., 2012). In order to achieve these objectives, managers in different organizations embrace creative and innovative methods to recruit, train, and retain their workforce through different strategies that characterize