United Kingdom’s construction sector is important for the country’s economy and has a number of services,products and technologies. These differ in economic value realized from them relative to their varied outputs regarding skilled and unskilled labor, knowledge, raw materials, intangible investment and raw materials. It must also be noted that the construction industry in the UK has been growing in terms of maintaining, designing and developing, operating and repairing of buildings (CIB, 2010). These and more are captured in this paper which looks into five key sectors in the UK construction industry. Private house builders Private house builders in the United Kingdom normally raise money to put up buildings and projects. They are then paid by their clients or the government upon completion of the projects but with interest (CLG, 2010). The payment is distributed evenly over a given contracted period of time when the building process runs. Their roles comprise building of houses, large buildings, estates as well as developing structured facilities for example manufacturing buildings. They are mostly associated with cheap labor which they employ in the building process while at the end of the day they reap huge sums of money in return which guarantee them huge profits. Some of the activities which are presently being worked on by private house builders include putting up of a 75-storey Hertsmene House on the Canary Wharf and building up of residential houses in new towns (CIMR, 2003). This housing project is set to take three years and its benefits are projected to boost the country’s economy. This will be in terms of investment prospects which have since been defined and planned for the building once it is complete. Social house builders UK has in the recent past had an increased rate in worker housing needs hence calling for new developments to build houses for workers (BIS, 2012). Social house builders are concerned with such building developments in which they are charged with the task of building worker houses. This considers costs for constructing the houses which are usually a target of low cost ownership of homes for workers. There are quite a number of social house builders whereby some work as single entities while others work in partnerships. This has also led to emergence of associations for housing projects and at least 5000 new homes are said to be in the process of being constructed at the moment (Leftly, 2010). These are projected to take approximately a year and are set to benefit the worker community especially in relieving them from the strain of house seeking at convenient places. Social house builders understand the specific needs and requirements which are associated with affordable housing constructions. This is mainly with regards to housing designs and building approaches employed in building the houses. Social house builders are always focused on benchmarking their present position while also look into ways of improving their building performances (UKCES, 2012). They are also keen to offer affordable housing and help in addressing particular needs of people relative to culture, security, language as well as accessibility to services. Private commercial builders Output of commercial building process in the UK has off late been noted to account for 18 per cent of all the work associated with construction industry (UKCES, 2012). Private commercial builders has however, been on the rise in the country with most of them targeting construction in various areas. They have been into construction of residential buildings whereby new building projects, renovation works, home improvements and extension projects have been part of their dealings. They have also been into commercial construction projects both in the public sector and private sector. Their main concentration has been construction of both commercial and residential build
United Kingdom’s construction sector is important for the country’s economy and has a number of services,products and technologies.These differ in economic value realized from them relative to their varied outputs regarding skilled and unskilled labor,knowledge,raw materials…
From this research it is clear that organisations in the Knowledge intensive sector function distinctly from the traditional organisations, particularly in relation to the employees. Employees are given more prominence in Knowledge intensive sector, and that leads to more HRM applications and the resultant challenges.
These companies use intermediaries who assume the role of event planners. These intermediaries are selected on the basis of the quality of service offered and the experience they have. The MICE industry was recently hit by the economic recession of 2008 after which it started to decline.
HRM refer to the policies and perform desirable to carry out the people, or personal, feature of a management position, counting recruiting, training, rewarding as well as appraising (Raymond J. Stone, 1991).
As the most important part in whole HRM, performance management must be highlight.
Most people are trying to outweigh the others in terms of gaining a specific market share. On the other hand, in the recent days, the idea has been adopted by the non-profit organisations, which are starting to feel the pinch of begging funds from unpromising sources (Zahra, 2002).
This is because a strong human resource management strategy would enable the company to attract highly knowledgeable and skilled individuals qualified for the job and retaining them in the long run. Long term employee relations are important to the petroleum industry because experience in the risky or hazardous working environment is a necessity to ensure continuity of operations.
After the initial management step of planning, the company standards and goals are immediately set up and everyone's actual performance is compared with these standards. Sound business decisions crop up as to determine whether to hire, fire, train etc.
e advantage is a state where producer of a service sector has captured the full marketplace share and thereby, create more economic value over its opponent. During the recent recession period, most of the companies in service sector found it difficult to maintain their
10 pages (2500 words)Essay
Get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Apply my DISCOUNT
Got a tricky question? Receive an answer from students like you!Try us!
Didn't find an essay?
Contact us via Live Chat, call us at +16312120006or send an email to firstname.lastname@example.org