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    HRMT11011: Human Resource Management

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    In today’s modern workplace there are a variety of age ranges, from 18 to 80, known asMillennials, Generation X and Baby Boomers. These widespread age ranges are increasingthe pressure on Human Resources (HR) to be able to effectively manage multi-generationalteams (Cox, 2016). Due to each generation being shaped by the era in which they were born,they each hold differing values, attitudes and work ethic. This creates challenges for themanagement of a multi-generational workforce, whereby for an efficient and successfulorganisation, each generation must be able to work collaboratively an...

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    Human resource management (HRM) is defined as a classified approach to manage the workforce of an organization by deploying various strategies in order to withhold a committed and motivated staff (Armstrong & Taylor, 2014). As per most of the researchers, effective human resource management helps in gaining a competitive advantage in the market. However, with the growing dynamicity in the labour market, use of human resource management has become mandate for every organization irrespective of size and scope. Post the inception of globalization; several new trends have hit the labour market herein the demands of the labourers have increased by a considerable amount affecting the organizations and a country’s employment laws (Adeniji & Osibanjo, 2012). The essay below would provide insights about the latest trends affecting the Australian labour market – emergence of gig economy, casualization and outsourcing and its impact on employers and employees. The effect of these trends would also be highlighted on the Australian employment regulatory framework. 

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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