Currently, the human resource field is one of the areas that churn out hundreds of new graduates every year. Although competition for jobs keeps on growing every day, there are still many opportunities that are up for grabs. The positive developments observed in worldwide markets, for instance, keep the optimism alive. In order to understand the opportunities that exist, the types of jobs offered, the salary range offered, the educational level required for promotion and experience needed for advancement, it is important to analysis a real case study of an existing company. In this case, Oliver Wyaman Company is the best example. Background Information Oliver Wyman, a company with headquarters in New York, is an international management consulting firm founded in 1984. However, the company adopted its current face in the year 2007, when it merged (with Mercer Management Consulting Firm and Mercer Delta) to form one firm under the name Oliver Wyman. Currently, Oliver Wyman has over 40 offices based in 25 countries (Americas, Europe and Asia Pacific and Middle East). Right now, the firm has the capacity to employ over 3,000 professionals, and the person who has seen Oliver Wyman raise its levels is none other than John P. Drik, the company’s chief executive officer. In the year 2013, the financial statement released put the firm’s revenue at $ 2.65B. To sustain its success, Oliver Wyman Company is one step ahead towards accomplishing its future goals. For example, investing on important resources and improving human resource is the main objective of the firm (Greiner & Poulfelt, 2010). These are the steps that the management takes so as to change the face of Oliver Wyman Company. HR Jobs offered by Oliver Wyman Company Oliver Wyman Company is a giant firm accommodating more than 3,000 professionals. From the report released in the year 2013, the firm advertised 2,789 vacancies that needed to be occupied in the field of Human Resource. For example, 1,207 qualified personal was needed (in the aerospace, aviation and defense) to help in dealing with passengers and cargo carriers. The service providers develop strategies and maximized effectiveness of the organization. Specifically, the company required HR personnel in the departments of risk management, surface transportation, distribution and wholesale, retail and consumer production. In addition, the company required trainees for internship purposes. Risk Management
Oliver Wyman collaborates with senior financial institutions in the provision of better services. They provide effective and reliable solutions to the problems and the challenges that emerge during the process of operation. The position needs to be filled (by an individual with deeper knowledge) to manage any accruing risk.Surface Transportation Oliver Wyman considers transport as an important element in the world of business; it facilitates movement of goods and services from one point to another. The firm through leadership of Gilles Roucille ensures that the firm provides transport and infrastructure above the market and competitors. This is achieved through developing new aggressive programs that reduce cost, also through creative growth strategies.Distribution and Wholesale In order to make sure that the business is running properly and effectively, human resource management came up with a strategy for assisting clients adapt to their business environments through creative competition. As a result, these positions require individuals who can assist to develop growth significantly
Retail and Consumer Production Retailing consumer products is a major problem that retailers face today. They do not know how to design a convincing and suitable consumer proposition. From the analysis and records gathered throughout the operation period, Oliver Wyman, for 20 years, nurtures its clients to develop and implement programs that are more tangible and sustainable. The motivating factor that keeps Oliver Wyman Company moving on is the simple believe that results, and not reports, should be the main objective of retailing consumer products. Consequently, these positions require individuals focused on developing a robust retail business.Internships At Oliver Wyman, internships positions are available, especially for undergraduate students to equip them with skills and experience. Internship program runs between 2 to 6 months, and this ensures that recruits learn more about the company. Olive Wyman targets schools, universities and the jobless because they are flexible enough, and also give importance to time. The company absorbs candidates majorly interested in business administration, finance, accounting and also banking. There are various jobs available for an internship; for example, community base programs and also voluntary programs that run through the same period.Salary Range in Olive Wyman Company Human resource work is clearly and always successful - if the corporate management and employees engage in mutual relationship and work together constructively. To ensure that success is realized within the company, the management ensures that employees’ welfare is taken care of properly. If manpower is abused, destruction and fall of the high takes course. In that case, their salaries are timely delivered at the end of every month.To demonstrate that, here is a simple breakdown of Olive Wyman company salaries by occupation.
Figure 1: Salary Range per Occupation
Figure 2: A Simple Chart Demonstrating the Percentage Salary Taken by Departments
The structure of salary payment was arrived at after thorough consultations that led to setting of terms and conditions of operations. An amicable agreement set aside all differences earlier experienced where employees had raised complaints over poor pay. Consequently, major improvement in the firm’s production followed. However, this is different for those who apply and manage to secure a position during internship programs. Human resource management train, educate and equip the interns to have in-depth skills and gain experience. The management takes risk, uses its own resources in training, and also employs experts to recruit new staff. All this amounts to no salaries for internees except rewards.Educational Qualifications The term “human resource management” may sound simple, but, in the real sense, it is a term whose main aim is (to effectively and efficiently manage) an organization’s employees. Therefore, human resource professionals have to manage people in an organization, provide services like training, recruiting new staff, implementing the organization’s policies and ensuring that the welfare of the employees is met. Being in the executive, or being a member of boards committee in a human resource management department, requires a highly knowledgeable person. Several qualities are expected. For example, the individual needs to be flexible and patient because the people they deal with and interact have different levels of experience, knowledge, skills and also emotional intelligence (Greiner & Poulfelt, 2010). The individual should also be a good communicator. The reason why the individual must have good communication skills is because, at one point, they will be called upon, by the management, to represent or act as advocates for employees. The individual must also be a good listener, have good listening skills, must be diplomatic enough and have the ability to make sound judgment (Tableaux & Dragga, 2012). Above all, the individual should have the ability to prove (beyond doubt) that the human resource contributes to the organization's success and advancement.
It is clear that for one to clinch the position of human resource manager he or she must attain at least a bachelor’s degree and, to add more cake on the table, must have masters. In some instances, a doctorate maybe required.Experience Most, if not all, entry-level positions in the field of human resources require an individual to have a minimum of one year experience. However, many organizations require three years of experience. Oliver Wyman introduced internship program to enable undergraduate students develop experience after graduating. Internships prepare individuals to familiarize and accept their starting human resource positions as they perfect to become professionals. Oliver Wyman requires two to three years of experience before one qualifies to join the firm. The firm also recommends officials who can work with internationally competitive companies. This enables the company save resources it could have used in training and incorporating new staff to the system. Best gratitude goes to employees for their corporation, dedication and above all, their unselfish sacrifices they made to take Oliver Wyman Company to the level it is. The Oliver Wyman board and management know that one’s performance and enthusiasm is the major key to the entire success.
Greiner, L., & Poulfelt, F. (2010). Management Consulting Today and Tomorrow. New York, NY: Routledge.