The Boston Consulting Group Abstract This research paper looks at the evaluation and analysis of The Boston Consulting Groupâ€™s human resources department. It shows the relationship between its consultants and organizational behaviors. Organizational performance at BCG has proven to be a significant factor in the health of the company.
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The report also illustrates the practices used by the company for its effectiveness and success. Also, the company developed the BCG Matrix which is used to introduce the growth-share matrix that is relative to competitors. The main role of The Boston Consulting Group is to hire the most skilled employees to effectively and efficiently fulfill the companyâ€™s objectives without constant supervision. Ranked as the 3rd most prestigious consultant firm across the nation and being the leading advisor on business strategy, BCG has a strong work ethic and a strategy to transform their business to meet every clients needs for a successful outcome. The Boston Consulting Group Human Resource Management (HRM) is the function within an organization that focuses on employee benefits, compensation, diversity, employee training and relations, safety and security, and corporate social responsibility. HRM is transforming to adapt to todayâ€™s business world and expected to add value to the strategic operation of employees (HR Disciplines, n.d.). Any organization, without a strategic system for HRM is clear to experience some serious problems. That’s why many companies are putting more effort and energy into setting up a strong and effective HRM. Founded in 1963 by Bruce Henderson, a Harvard Business School graduate, The Boston Consulting Group (BCG) is the worldâ€™s leading advisor on business strategy. BCG provides management consultancy services to private, public, and not-for-profit sectors worldwide. The company is rated #3 on Forbes list of â€œBest Companies to Work for in 2014â€ (Best companies to work for 2014, n.d.). The Boston Consulting Group (BCG) is an organization with exceptional HR planning. Their HR department relies on its core responsibilities of personnel recruitment and hiring, application management, training and development programs, benefits administration and compliance with legal and federal regulation. The HR department BCG also plays as a strategic and comprehensive approach to managing employees, the workplace culture and the environment. It enables employees to contribute effectively and productively to the overall company direction and the accomplishments of the organization’s goals and objectives (Boston Consulting Group, 2013). Last year, the company celebrated its 50th anniversary, and today has more than 9,000 employees working in 81 offices in 45 countries. Human capital management (HCM) is related to the strategy of developing the companyâ€™s biggest asset, its people, whose current value can be measured and whose future value can be enhanced through investment in order to make an organization succeed (What is human capital in management, 2013). BCG is one of the best overall providers of human capital management with its strategy consulting.
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