Human Resources Trends and Practices

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In the following paper, an analysis of the major trends affecting the Savannah Engineering, Inspection and Insurance Company (SEIIC) of America in different ways will be made. These trends will then be linked with some of the specific areas of HRM.

The SEIIC, founded in 1873 is among the America's oldest indemnity covering companies which is focused in equipment assessment and insurance for businesses in the building-up, shipping and energy sectors. Today it has more than 4,500 staff; most of who possess an engineering and technical background in 14 principal offices and 55 field locations across the globe.

Since SEIIC is a pioneer in manufacturing steam-powered ships, thus, one of the major trends are likely to affect a company like SEIIC pertain to the possession of wood of unique characteristics, that is, wood that gives service for centuries. Apart from this, the other trends expected to affect SEIIC are high level fire safety apprehension and that too at the national level would be required; the standards and disclaimers of the material exploited in order to guarantee a well-match amid excellence of manufactured goods and its end use; some special treatments to be applied to the wood moreover to perk up its performance or modify its properties and enhance stability; major technology as well as product styles; shift towards a comprehensive financial system through expertise enlargement; the mergers and purchase in indemnity covering business are liable to plunge; government policies positioning a sturdy base out looking for productive development; training and instructing the staff to adopt the significant changes; keeping a balance and connect expenditure and revenue margins; and augmented rivalry from other equipment merchants that would escort to breaking up of the markets.

After the identification of some of the major trends that could affect SEIIC company, we try to provide an insight in the three prime areas of concern of the company.

The three issues related to the economic and financial area of SEIIC are a detail and profound scientific proficiency to be renowned by the system; a concrete pathway of documentation of development all the way through acquisitions; and the aptitude as well as control in influencing a well-organized and intense global set-up.

The three issues allied to the legal and political quarter of SEIIC Company are the legal responsibility coupled with the expansion, production, and exploiting of the system; laying down a crisis or failure managing bureau for the entire state; and safety and workplace violence.

The three issues associated to the social and cultural part of SEIIC Company are the development of a hazard-free and a healthy workplace environment; physical as well as economic affordability of all the health facilities; and reimbursement for the staff members related to safety along with health.

After the brief explanation of the prime trends affecting SEIIC, we elaborate the trends or issues in particular with the area of HRM.

All these trends or notions symbolize victorious explanations in HRM (Human Resource Management), which in today's time can be ...