Functions and Purpose of HRM in LV=

Human Resource
Management

Table of Contents
INTRODUCTION ..........................................................................................................................3
PART 1............................................................................................................................................3
Activity 1.........................................................................................................................................3
Functions and Purpose of HRM..................................................................................................3
Assessment of functions of HRM...............................................................................................5
Critical evaluation of Strengths and Weaknesses of recruitment and selection process ............5
Activity 2.........................................................................................................................................7
Person specification for personal assistant role..........................................................................7
Shortlist for interview.................................................................................................................8
Questions for selection interview................................................................................................8
Rationale ....................................................................................................................................9
Critical evaluation.......................................................................................................................9
PART 2............................................................................................................................................9
Activity 3.........................................................................................................................................9
Employee performance, development and reward & Factors that influence HR decision
making.........................................................................................................................................9
Critical evaluation of HR learning and development opportunities..........................................10
Critical evaluation of rewards and benefits provided by HR in increasing profitability of
organisation...............................................................................................................................12
Activity 4.......................................................................................................................................13
Employee relation.....................................................................................................................13
Role of leadership in maintaining effective employee relations...............................................14
Key elements of UK employment legislation...........................................................................14
CONCLUSION .............................................................................................................................15
REFERENCES................................................................................................................................1

INTRODUCTION
Human resources management is basically responsible to handle all the aspects and
activities that are related with management and coordination of employees which includes
activities like human resource planning, recruitment and selection on the basis of job analysis,
orienting, training, compensation, looking after safety and welfare issues of employees, etc
(Kollmann and et. al., 2020). This assignment is based on LV= organisation that is considered as
the UK's largest friendly society which is wholly owned and managed by its members. LV= is
founded in 1843 and provides a range of financial services to its customers that includes
pensions, life insurance and other investment products for more than 5.8 million clients and
customers. This assignment includes purpose and main function of HRM along with evaluation
of various strengths and weakness of recruitment and selection process. Beside this, a person
specification document together with interview questions are also form a part of this report.
Benefits of learning and development opportunity for both employer and employees is also form
a part of this report. Finally, this assignment consists benefits of employee relation and various
employment legislation.
PART 1
Activity 1
Functions and Purpose of HRM
HRM is continuous process and essential for an organisation for effective workforce
planning and building and leading team spirit and proper coordination in team work thus, plays a

crucial role in in success and timely achievement of goals of a firm (Kalantar, Amini and Sadeh,
2020). The main functions of HRM with respect to LV= organisations are as follows:
Recruitment and selection- This function of HRM is mainly concerned with recruiting
and selecting most competent and skilled candidate for a job. In LV= timely staffing plan is
made to have proper workforce planning with the aim of maintaining a coordination between
demand and supply through analysis of vacant job postilion and recruiting a qualified individual
to fill that vacant position.
Induction and orientation- This function is mainly associated with making new
employees friendly and habitual with workplace and also helps them in having better
understanding about company's policy and environment (Kalambi, 2020). In LV= various
induction and orientation programmes are lead by HRM to make new employees comfortable in
working environment and also make them aware about their job role and responsibility.
Training and development- Development and enhancement in employees skills and
knowledge is also included in function of Human resource management thus, various training
and development programmes are lead by HRM of LV= with the aim of sharpening and
developing new skills in its workforce to meet the dynamic changes of business environment. A
well trained and skilled employees yield many benefits like strengthen companies position and
facilitates better competitive strength.
Purpose of HRM
The main purpose of HRM is to optimize the effectiveness and performance of workforce
with the aim of maximization of the productivity and overall performance of an organisation.
The main Purpose of HRM in LV= are as follows:
Staffing needs- One of the main purpose of HRM is to evaluate staffing needs of
organisation to ensure supply of talented employees for organisation. In LV= organisation the
main purpose of HRM is to creates position announcement and involve various activities of
identifying job duties and determinate skill level for recruitment of an employees needed for that
position (Ponisciakova, 2020).
Compensation and Performance appraisal- Another important purpose of HRM in LV=
is concerned with deciding organisation pay structure for employees on the basis of
compensation trend. Apart for this timely performance appraisal is also made by HRM on the
basis of efficiency and performance of an employee. Thus, Main purpose of HRM is to motivate