The Human Resource Management Practices of Employer and Employee

Human Resource
Management

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Purpose and functions of HRM.........................................................................................1
P2 Strengths and weaknesses of different approaches of selection and recruitment.............3
TASK 2............................................................................................................................................6
P3 Benefits of different HRM practices for both employer and employee...........................6
P4 Effectiveness of the different HRM practices for raising organisational profit and
productivity.............................................................................................................................6
TASK 3............................................................................................................................................8
P5 Analyse the importance of employee relation in the respect to influence the HRM decision
making....................................................................................................................................8
P6 identify the key element of employment legislation and impact on the HRM decision
making....................................................................................................................................9
TASK 4..........................................................................................................................................12
P7 Application of human resource management practices in work related by using the
examples...............................................................................................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Human resource management may be defined as formal system which is devised in an
organisation in order to manage people. It refers to those organisational functions which includes
such practices to help an organisation to deal with the people of an organisation effectively at
different phases of employment cycle. HRM includes the practices of hiring, recruiting,
deploying and managing the employees of an organisation (Marchington and et.al., 2016). Its is a
strategic approach for effective management of the employees in an organisation so that an
organisation can achieve a competitive advantage. In this report JP Morgan is taken as an
organisation, which is a multinational banking corporation. This report discusses about the
purpose and scope of Human Resource Management and talent and skills required to achieve
business objectives. Present report also includes effectiveness of key elements of human
resources management with in an organisation. This report also discusses about the internal and
external factors which have an effect on human resource management decisions including the
employee legislation which affects the decision of human resource management. Present report
also includes how human resource practices can be implemented within an organisation.
TASK 1
P1 Purpose and functions of HRM
Human resource management is an important part of an organisation which is mainly
involved in the managing of the employees within the JP Morgan and is also involved in hiring,
firing, training and motivating of the employees in JP Morgan. HRM works with a great purpose
in an organisation (Runhaar, 2017). Mission of HRM in JP Morgan is to coordinate the people
within the organisation in order to achieve the organisation's goals. Purpose of HRM in JP
Morgan is to make workforce of the organisation most effective and productive through effective
planning of the workforce in an organisation. This includes hiring, selecting, training and even
firing of the employees in an organisation. HRM is plays an important role in planning of the
workforce in an organisation. It hires and selects the bust suited employees for the various
departments of JP Morgan. HRM in JP Morgan coordinates with the different people within an
organisation in order to achieve specific businesses objectives by fulfilling staffing needs and
retaining the workforce in an organisation. HRM achieves this through the effective use of
people, resources, technology and processes to focus on the internal part of an organisation rather
than external part of the organisation. HRM is also responsible making the human resources
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available in an organisation, HRM of JP Morgan uses different ways in order to make the
resources available for an organisation and also ensures that there is not ant kind of shortage of
resources in an organisation.
Scope of Strategic HRM:Strategic of HRM in JP Morgan is that it helps in the planning,
recruiting and selecting, training and development of the employees. It is also involved in payroll
management, providing rewards and recognitions, maintaining workforce relationships and legal
procedure of the organisation.
Hard Human Resource Management: It is the approach in which the employees in an
organisation are treated as a resources which needs to be controlled to achieve profitability and
competitive advantage for an organisation. Functions of HRM of JP Morgan using hard HRM
approaches are as follows:
Fulfilling staffing needs: It is the responsibility of HRM to recruit employees for an
organisation (Pynes, 2017). It includes the creating of a position in an organisation and
identifying various job duties and determining the skill sets required for performing a job in an
organisation. It is the function of HRM of JP Morgan to recruit and select employees for an
organisation using different techniques of recruiting and selection processes. This department is
also responsible for lawful termination of the employees and ensures that now law is violated
during termination process.
Compliance: As JP Morgan operates in different parts of the world and each and every country
has their own labour laws and other regulations which company has to follow. It is the job of
HRM to maintain and manage the compliance related to workplace safety, discrimination, sexual
harassments and other laws applicable for the organisation.
Soft HRM: It is the approach of HRM in which employees are treated as company's assets and
functions of HRM includes:
Training and development: It is the indispensable function of human resource management, an
attempt to improve current and future performance of the employees in an organisation
(Gatewood, Feild and Barrick, 2015). HRM helps in increasing the ability of the employees in an
organisation by educating and increasing the skill and knowledge related to different tasks in an
organisation.
Managing workforce relations: Work force forms the pillars of an organisation and managing
their relationships is the crucial function of HRM. It plays an important role in fostering good
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