The recruitment, selection and training methods of LVMH Essay - 1

The recruitment, selection and training methods of LVMH - Essay Example Given below is the systematically defined roadmap for underlying research in order to achieve objective of the research. 3.1 Purpose of Study Human resource management has growingly taken the strategic position in the business management and now organizations have realized the importance of managing human resource strategically. Since realization of fact that human resource is the most important capital asset all scale businesses have started to develop mechanism that ensure increased efficiency in business operations. Further, for developing such mechanism most of the businesses try to replicate mechanism employed at other businesses that have gained success across the board. Hence, the purpose of the research is to explore the human resource management of LVMHs that has gained success as an international organization. More specifically, the research explores the recruitment, selection and training section of the human resource management functions of LVMH. LVMH has 100,000 employed with 80% of the employees working for organization outside the country of origin, France. With such business model, the business has successfully managed the diverse employee base across various countries. Hence, exploring the mentioned functions of LVMH will fulfill the purpose of research of identifying the recruitment, selection and training procedure employed at LVMH. With assessment of the processes the research also fulfills the purpose of aligning information pertaining to the success of LVMH presented in financial statement as well as form K. The other purpose that has been fulfilled by the research in this study is the presentation of recruitment, selection and training procedure for the businesses that intend to replicate the human resource model of successful organization to respective organizations. In addition to the above purposes that would benefit businesses on practical aspects, the research is aimed to contribute to the academic literature the assessment of certai n human resource function of internationally successful organization. As stated the purpose of the above research is to explore information about the organization; hence, the understudy research is regarded to be exploratory research. 3.1.1 Research Question The research question is concisely presenting the objectives of the study. Defining research question the researcher develops postulates that are to be specifically addressed by the research (Patton, 1980). Since every domain of study has its own expansions; therefore, developing research question facilitates the researcher with defining scope of the research to be addressed. With these factors, the researcher in the research presents specified set of questions that study intends to explore. Hence, the research question that underlying research, entitled Recruitment, Selection and Training of LVMH, is aimed to address includes following: What methodologies are adopted at LVMS for developing the candidate base under recruitment? What are the selection techniques employed at LVMH for short listing and then selecting the candidate for the particular job? What training methodologies are employed at LVMH to align the new employees on the same frequency of other employees? It further aims to explore the training methodol