Human Resource Economics in Unilever Company

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l cultural market with every passing day, as they succeed in building a stronger relationship with the people which serves as the foundation for their future growth. Unilever product portfolio contains 18 percent of homecare products, 28 percent personal goods, 19 percent beverages and ice-cream and 35 percent dressing, spreads and savory.Unilever considers its employees the heart of their business. Therefore it believes in developing, rewarding and harnessing their skills. Unilever is considered to be the world’s most culturally diverse firm, with its leadership belonging from 21 nations. 30 percent of the managers working at Unilever are women. It believes that in order to succeed in such a competitive industry it needs to maintain the highest standards of corporate behavior between the employees, while also addressing the customers’ needs1.The leadership of Unilever believes that their centralized decision making is one of the fundamental factors that have contributed to the success of the firm. Unilever focuses on increasing the connection of the employees with the firm as they think that a loyal employee contributes more than any other resource of the organization. The management of the firm is making progress in transforming the structure and the way of working within the firm. This may involve difficult decisions that the firm has to make. However, these decisions are considered to be effective for the long-term health of the firm.Unilever has recently launched a transformation process so that they can get the most out of the resources employed. This transformation process, however, focuses on the three major areas. These areas are:There are two major criteria on which the performance of the employees is evaluated by the firm. These are performance and sustainability. The growth and the ambition of the firm demand that the organization should have a flexible structure and culture.