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Benefits of HRM Practices for Employer and Employees

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Added on  2020-06-03

Benefits of HRM Practices for Employer and Employees

   Added on 2020-06-03

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Benefits of HRM Practices for Employer and Employees_1
Table of ContentsINTRODUCTION..........................................................................................................................................................3P2. Strengths and weaknesses of different approaches of recruitment and selection...............................................3TASK 2...........................................................................................................................................................................5P3. Benefits of HRM practices for employer and employees...................................................................................5P4 Effectiveness of different practices of HRM in terms of raising profits of companies.......................................7TASK 3...........................................................................................................................................................................7P5 Significance of employee relation at the time of HRM decision making............................................................7P6 Main elements of employee legislation and their affect on HRM decision making............................................8TASK 4...........................................................................................................................................................................9P7 Application of HRM practice...............................................................................................................................9CONCLUSION.............................................................................................................................................................10REFERENCES..............................................................................................................................................................11
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INTRODUCTIONEach and every company has several sorts of resources that assist them in transforming their vision and mission. Workers are one of the most essential asset of organisation. They are responsible for creating executing anddeign them in regard of achieving target purpose. McDonald is one of the largest fast-food chain in United Kingdomand have a global recognition and position. The major aims of this report is to analyse the workforce planning, functions and purpose of human resource management. This report will mentioned strengths and weakness of selection and recruitment procedure (Albrecht and et. al., 2015). Human resource can be considered as the practice which is effective for both employers and employee of organisation. Human resource management contributes major part in the increment of productivity and profit along with executing the practices of HR administration in decision making. TASK 1P1 Purpose and the functions of HRMHRM can be defined as terms that utilize to explain formal framework develop for the administration of personnel within a company (Kaufman and Miller, 2011). There are three extensive factors of a HR manager’s responsibilities I.e. worker compensation, Staffing benefits and designing work. Fundamentally, the human resources management is increase efficiency of a firm through using of employees’s effectiveness.Major purpose of HRM within a company is to organize, manage and administrate the workforcepractices in order to perform their action as per company’s requirements. This is liable for managing personnel of an enterprise that lead to more productivity of company.Beside this, there are various types of functions and purpose of organization which helps in achieving the business objectives and managing the personnel of company. Here are mentioned some of those functions and purposes which is discussed as below: Selection and Recruitment – Recruitment of an employee is the processer of selection that attracts the prospective candidates in the company so that administration can choose most suitable employee from the applicants.2. Development and Training - This purpose of HRM assist in acquiring knowledge and skills among workers in order to perform their work in more efficient manner. Programs and session oftraining are coordinated for both existing and new workers. Through this employees are trained for higher roles and responsibilities by training them.Compensation and Rewarding: This is one another function of organization in which worker is provided motivation and more stimulation through organizing rewarding and compensation (Kimand Bae, 2017). HR manager is responsible for maintaining this procedure within their company that inspires them for performing their job in their best way.3
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