HRM Essay Example | Topics and Well Written Essays - 2000 words - 4

HRM - Essay Example Focusing on this aspect, the essay discusses about the role of stakeholders in the Indigenous employment program implemented by Rio Tinto. The essay further considers contribution of human resource functions to the implementation of the program along with the witnessed strategic challenges. Stakeholders Involved and Their Roles in Indigenous Employment Program of Rio Tinto Since its establishment, Rio Tinto has strived to increase the number of indigenous employment opportunities in the business operations. It is the vision of Rio Tinto to establish strong regional economies where local communities and the organisation itself perform cooperatively. Indigenous employment program provides several advantages to the business of Rio Tinto as well as the entire community. This program permits native people to involve in the progress of mainstream economy and to get benefited from wealth generation (Rio Tinto plc 2011). For Rio Tinto, the major stakeholders of Indigenous employment program comprise local employees, communities, traditional owners & local government and other organisations such as banks and educational institutions. These stakeholders play a vital part in the Indigenous employment program of Rio Tinto (Rio Tinto plc 2011). Employees are considered as the major stakeholder in the Indigenous employment program. Employing local indigenous people in the business operation is a method of Rio Tinto to distribute the wealth created through its operations. Therefore, involvement of employees helps to provide sustainable economic as well as commercial benefits to the organisation. Rio Tinto also aims to establish mutually beneficial relationship with the traditional owners and the government. Their involvement in the program helps to set forth a shared vision for regional economic growth. The indigenous employment program summarises an opinion for the future and states a mutual acknowledgement of tasks of traditional owners which are related with mining fields. On the other hand, the business of Rio Tinto is related with several agreements and Acts with respect to mine improvements, land accesses and land uses among others. Therefore involvement of the government helps to uplift these agreements and Acts and as a result, provide support to the Indigenous employment program. Furthermore, government and traditional owners also support for the involvement of native people in the workforce of Rio Tinto (Rio Tinto Limited n.d.). Banks and educational institutions also play a vital role in the indigenous employment program. Banks help to provide funding support for the employment program in order to develop the capabilities of indigenous people. Furthermore, in regional areas, the employees require preparation for performing their tasks in the factory. Therefore, involvement of educational institutions helps to establish a beneficial platform by school tutoring and support arrangements. Rio Tinto focuses on an all-inclusive method in order to e nsure that possible indigenous employees are prepared to perform. Contextually, mining operations can be unfamiliar and overpowering for new