Benefits of Human Resource Management Practises

Added on - Dec 2020

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Human ResourceManagement
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................1Purpose and functions of HRM...................................................................................................1Strength and weakness of approaches of recruitment and selection...........................................2Task 2...............................................................................................................................................4Benefits of HRM practises..........................................................................................................4Effectiveness of different HRM practises on organisation' profits.............................................5Conclusion.......................................................................................................................................5.......................................................................................................................................................6References........................................................................................................................................6Books and Journals.....................................................................................................................6Online..........................................................................................................................................6
INTRODUCTIONHuman Resource Management(HRM) is responsible for the management of personsworking in the organisation, that right person is placed at right job positions. They are alsoresponsible for training and development of employees, their recruitment, performance appraisaland rewards given to them. Kingfisher is an India based airline group with 5,696 employeesworking in it in 2012(Collings, Wood and Szamosi.2018). Its headquarters are situated inMumbai, Maharashtra has sloganFly The Good Times.This report will describe the purpose andfunctions of HRM along with strengths and weakness of different approaches of recruitment andselection. Furthermore, benefits and effectiveness of different HRM practices will be estimatedin this study.Task 1Purpose and functions of HRMPurposeEffective use of resources-The main purpose of HRM is effective use of persons workingeffectively and efficiently so that right persons are working for right job. HRM of Kingfisher isresponsible for the use of human resource of the organisation efficiently so that productivity canbe improved.Develop resources-It refers to the development of an individual to perform a task. This isnecessary so that employees are ready for the coming challenges. With the help of developmentprocess, workers' efficiency and productivity will be improved and this will be helpful indevelopment of Kingfisher.Engage employees-To know the capability of employees of Kingfisher, it becomesnecessary to engage them in work so that their efficiency can be known to employer. Byengaging them in work their efficiency is also improved and measurement can be done andnecessary steps for improvement can be taken.Promote company society-This is to ensure that workers are happy to work in Kingfisherand they will stay which will reduce the employee turnover(Bratton and Gold. 2017). This can bedone by providing them healthy work environment and other facilities to make them stay in theorganisation.Recruit-This purpose is related with bringing of next employee in Kingfisher so thatvacant positions can be filled up.1
FunctionsRecruitment and selection-This refers to the process of attracting the required candidateto choose for the job and encouraging the unrequited candidate to leave from the job. It involvesprocess of attracting, showing and selecting qualified candidate for the job. A proper planregarding number of persons required should be made before this process. To reduce the chancesof selecting unqualified and demotivated employees, this process is necessary.Orientation-This refers to making employee familiar with its job and employer. Thisprogram includes goals of Kingfisher and how the candidate is helpful in achieving these goals. .Through this employee can know about his duties and work to perform, his job role. Afterknowing his duties and job he can actively work for company.Maintaining Good Working Conditions-For liking of workplace and environment, it isnecessary for Kingfisher to provide good working conditions to the employee(Chelladurai andKerwin. 2017). Motivation is essential for workers so that they can contribute fully to thecompany. Employee welfare scheme should also be provided to candidates which gives jobsatisfaction.Managing Employee Relations-The HRM department of Kingfisher should organiseactivities through which employee can be known personally and professionally. Better employeerelations between employee and employer will increase success of the firm.Training and Development-It is an important function of HRM of Kingfisher which ishelpful in improving the performance level of persons. Proper training and development person'sskills and ability will be improved.PESTLE analysisPolitical factors- it influences in terms of funding that is available in the company. Thereis involvement of taxes, minimum wage rate quality and quantity of staffs.Economic- this factors includes the money that is available in the stated company for thepurpose of salaries, training and equipment. This is the most immediate concern thatcomes in planning of human resource. Thus, to build economic factors in terms of humanresource plan that later helps in predicting number of employees that is needed.Social- there are many factors of social that inflence the planning of HR. thus, wherethere is clear discrepancy of one social group, building good ideas the ways to open upnew opportunities.2
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