Assignment: Human Resource Management (HRM)

From: Syed Munim Ajaz
To: Sir Mohsin
Unit: 3
Unit Name: Human Resource Management
Submission Date:

Introduction
This report aims to introduce the concept of HRM within an organization, to give a better
understanding of the role and function that HRM plays in resourcing, rewarding, developing
and maintaining business relations. For any organization to succeed, it all comes down to the
employee’s performances, so the recruitment and the training processes will play a vital role in
this area. The importance of leadership remains the organization greatness strategy to date as
this is the process that will manage employees; the process of leadership also helps the
organization to gain the knowledge that is needed to improve the business.
This report will look at the difference between personnel management and human resource
management and how these established and current approach to workforce management work
with the organization so that they can accomplish the goals and objectives of the business. The
report will also look at evaluating the techniques and procedures used for employing and
selecting the most suitable employees for the business.
In this report, Barclays Plc will be analyzed as per the management of human resources in the
administration. This administration working in this industry from the year 1960.For a long 328
years of its journey, the administration is maintaining its quality of service and making more
than billions customers happy with the services. Current revenue of the administration is
`21.136 billion pounds. Total amount of equity it possesses is more than 62 billion pounds. In
order to manage this gigantic business structure, it has to manage more than 80000 human
resources all over the world. This report will analyze the human resource management and
requirement in this administration.
Learning Outcomes
LO1: Scope of HRM incorporates recruitment, selection, placement, transfer, promotion,
training and track the daily-based performance of the workers. Best practice refers to business
policies and strategy implementation. On the other hand, Best Fit refers to the techniques to
manage workers within the business firm.
Hard HRM refers to the short-term policies and Soft HRM refers to long-term techniques and
policies. Workforce planning refers to the plain or the strategies that are designed by the HR
executives for managing all the workers and teams within the office.

Additionally, ‘’identification of different labor market’’, ‘’examine the income of the company ‘’,
‘’check the operational stability’’, ’’maintaining the legal and regulatory framework’’ and
‘’employee retention’’ and identify the needs of the workers are also performed by the HR.
Furthermore, analyze the profiles of the new applicants, check their knowledge for continuing
the execution process are also the operations of an HR executive.
LO2: The role of the HR executive is to hire new applicants as per their knowledge. After
completion of the selection process, the role of an HR manager is to provide the workers with
proper training so that they can understand the organizational goals, roles, and responsibilities.
After completion of the training period, teach them with their roles and tell them regarding the
organizational rules and regulations. Even performance tracking and reward providing also
comes under the duty of an HR executives. Reward management again divided into two
components such as ‘extrinsic’ and ‘intrinsic’’ rewards. Maintaining structural stability is also
the duty of an HR manager. Even the mode of reward payment is also performed by an HR.
LO3: Another role of HR is to maintain a good relationship with the workers as well as the
organizational head. Moreover, maintaining equality, secure the data of the consumers and
workers, health and safety management, redundancy resolving, employment contract
management are also roles of the HR. Even maintaining ethical and social responsibilities and
trade union management is also the role of HR.
LO4: There are many other roles of HR that incorporate ‘’designing and placing job
advertisements’’, ‘’short listing and processing applications’’, ‘’interviewing preparation hiring
employees’’ are also performed by an HR executive. With the advancement of technology, the
entire process of selection and recruitment becomes easier for them.
LO1
Overview of Barclays Plc

Barclays Pl c is working in the banking industry from 1960. It is one of the most famous
administrations in the banking industry and the latest revenue of the administration is more
than £21 billion. The bank has been awarded as one of most trustworthy banking
institution of the world. Being a public limited company, it can issue its shares to the
public for raising funds and it is considered one of the effective sources of earnings in
the administration. It is a UK based company and Headquarter is situated in London.
Size of the administration is large and the number of human resources it handles in the
administration is more than 80000. Recently the amount of debt has been increased in
this administration and to settle a technical problem in the administration a big amount
has been borrowed by the administration from Bank of England.
Recruitment and Selection
Recruitment is selection is one of the most important functions of the administration to
manage the human resources. All the administrations including the chosen one should
possess a planning for managing the human resources in the administration. The
recruitment in the administration is done from the internal and the external sources. In
case of the internal sources, the referral for the new employees is taken from the
current employees and sometimes by giving promotion to the current employees, the
vacant place is fulfilled. On the other hand, the external recruitment is processes by
giving and appropriate advertisement about the vacancy and the quality of the desired
candidate.
Planning of Workforce
Planning of workforce is highly important for the administration. It includes different
stages to plan the workforce and all the stages are important in the administration. In

the first stage, the strategy of managing the human resources is set and in the next
stage the current workforce of the administration is analyzed. Barclays currently has a
strong base of human resources but the liquidity department of this administration is
becoming weak. Amount of debt in this administration has been augmented. As per the
analysis of the current workforce, it can be stated that the administration needs an
experienced liquidity analysts to manage the liquidity of the administration. The
marketing department of this administration needs to add one more associates to
analyze the marketing strategy and to lead the sales team properly. In the next stage of
work force, planning the future requirement of workforce is set and the future
requirement of this administration is to recruit marketing and sales leader and liquidity
analyze for the finance department.
Strengths and Weaknesses of approaches in recruitments and
selection
Recruitment and selection has three approaches such as the direct method, indirect method
and the third party method. All the methods are important for the administration and the
methods are needed to be applied in the administration for managing the human resources
effectively.
LO2
Different human resources management practices are helpful in the administration to boost the
profitability and the productivity of the administration. Some of the most effective HRM
practices in Barclays plc to boost the profit and productivity will be explained below:
Strategic Management
Barclays Plc is one of the oldest administrations in the banking industry of UK and the
administration has an advanced strategy to maintain for the human resource management. The
recruitment and selection process if the administrations are done strategically and the best
employees are recruited in the administration. It has several test and stages at the time of
recruitment to test the effectiveness of the candidates for becoming the best fit in Barclays. The
strategy is made in the administration to employ highly effective employees and it augments
the profitability as the production rate increases and the cost of training becomes less in case of
these employees. Makings strategy of the performances in the human resources can help to
achieve certain goals within stipulated time. In this way, the productivity and the profitability
can be augmented in the administration.
Policy Formulation

Policy formulation regarding the employee selection and training in the administration can
augment the profit and productivity. The policy can be regulated regarding several things in the
administration such as the production, allocation of resources and employee motivation. Target
based business is the most beneficial for Barclays and it is useful for reaching the goals.
Resource allocation is another important factor for the administration and it is helpful
augmenting the profitability along with the production. The human resource management
makes the policy allocate the human resources as per their expertise and make the team as per
the need of administration. The profitability is augmented with high productivity and a perfect
team can result high productivity
Employee Motivation
Motivation of the employees can help the administration to get high employee retention rate.
Recruitment and training process needs a huge amount of costing. If the turnover rate of
employees is high then the money for the training purpose is wasted and it can result loss in the
administration. Barclays has different compensation and benefits for the employees for
boosting the motivation and it helps them to get high profitability.
LO3
A good relationship among the employees is highly needed in the administration. It is helpful
for augmenting the performance of the administration in different ways. Bad relationship
among the employees results less co-ordination among the different departments and a good
relationship among the employees will have several advantages over the administrative
processes. The advantages of the employee relationship in the administration will be explained
below:
Increasing Communication
Communication within the employees is improved with the God relationship among the
employees. In this situation, the information of management can be circulated effectively and
being well informed makes the productivity higher and the internal processes smoother within
the administration.
Less Conflict
Good relationship among the employees end all the meeting in to the discussion and chances of
arising conflict is very less. Good relationship of the employees results in high level of
communication and the improved level of knowledge regarding the administration reduces the
chances of conflict. Due to less conflict more times can be spent in productivity and it can be a
positive factor for the administration.

Less effort of individual
Co-ordination of the employees and a good relationship among the employees and it helps the
processes to be completed within the fewer efforts of the employees. Productivity of the
administration become more and smoother and it is helpful for higher profitability of the
administration.
Improved organizational culture
Less conflicts, higher profitability and good communication within the employees make the
environment of the administration better. It is helpful for augmenting the profitability. The
process in the administration becomes smoother and the efficiency of the resources can be
augmented. These factors help to boost the profitability of the administration.
LO4
1: The design of a job specification for one of a number of given positions in the organization.
Barclays is finding for liquidity analyst for their administration. The job specification of the post
will be given below:
Job Specification
Role: Liquidity Analyst
Qualification: Masters with Financial Management
Minimum 3-4 years of experience in the same domain.
Responsibilities
 The candidate should possess extraordinary analytical skill
 The candidate should be able to communicate successfully with the colleagues
 English writing skill should be good
 Overall academic record of the candidate should be excellent
 Candidate should have knowledge to handle advanced software of data analysis
 Candidate should be able to make effective strategy
2: A CV for each student, tailored to apply for one of the positions advertised by
another team.
Curriculum Vitae

Mandela Jonas
Baker Street, London, United Kingdom
Contact number: +4x-4xx2-6xx0
Mail ID: [e-mail]
Profile Summary
I have completed 3 years in HSBC Holding Plc as a financial analyst. Now I want to specify my
domain as a liquidity analyst. I am currently searching for new opportunity where I can apply
me learning to enrich the administration and improve my learning related to liquidity. I expect
to be the best fit for this position, as I am experienced in analyzing the financial situation in my
previous organization.
Highlight
 Increasing efficient analysis
 Following up about the current situation
 Managing the balance between assets and liabilities
 Solution –focused
Experience
Company Name: HSBC Holdings Plc
Role-Financial Analyst
Duration-From April 2016 to current
Responsibilities:
I used to analyze the annual report and help in budgeting of the administration. The
analysis of profitability and making appropriate strategy was under my key
responsibility.
Language:
 English
 French
 Japanese
Hobbies
 Reading article and journals related to current finance
 Football
 Gaming
Name: Munim

Address: Loudon, London, UK
Mail ID: [e-mail]
Contact Number: =444-6xxx39
Objective: I am searching for opportunity in the domain of financial data analysis. I can
be best fit for this post as I have prior experience in Lloyd Banking corporation in the
P&L analysis.
Interpersonal Skill
 Communication
 Strong analytical skill
 Accustomed with the banking terms
 Flexible with the work time
IT Skills
 Usage of advanced excel, word and power point
 Advanced knowledge in Watson Analysis
Educational Qualification
 I have passed the final examination of CFA
Work Experience
Company Name: Lloyd Banking Limited
Role: P & L Analysis
Duration: 3 years (from 2016 to march 2019)
Responsibilities
I used to analyze the profit and loss statement of administration and make strategy
according to the analysis
Hobbies
 Playing Cricket
 Dance
 Travelling

3: Documentation of preparatory notes for interviews, interview notes
based on selection criteria and a justified decision of the candidate
selected.
Two rounds of interview will be conducted in Barclays Bank. In the first round online
test will be taken to understand the analytical skill and in the second round face to face
interview will be taken.
1:
 Mandela Jonas
 The candidate has a good knowledge about analysis
 The academic record of the candidate is good
 The candidate has good command on different language
2:
 Cristopher Columbus
 The candidate has good knowledge about the industrial terms
 The candidate higher educational qualification
 Learning skills of the candidate is high
4: Job offer to the selected candidate
Barclays PLC, UK
Date: 06/25/2018
London, UK
Subject: Offer Letter
I am very much glad to inform you that our management as per your previous interview
has selected you. I am requesting you to come to our office on 1st July 2019 in our office.
Please find the contract of the employment. You are requested to bring a signed copy of
the contract letter and the other entire relevant document with you at the date of
joining.
Regards
Munim Ejaz

Barclays, London
+444xx99xx4xx
5: An evaluation of the process and the rationale for conducting
appropriate HR practices.
Barclays PLC has used two methods for selecting the candidates. In the first round, the
company has tested the analytical skill of the candidates and in the second round the
communication skill of the candidate has been tested.
Bothe the methods of selection are applicable to find the appropriate candidate for the
administration. The communication skill and the analytical skill both have been used in
the company.
Conclusion
Human resource management is essential for the administrations for managing the
performance of the resources. It can help the administration to become more effective
and the detailed analysis of the human resources have been explained in the above
report. Barclays PLC has been analyzed as per the analysis of human resource. This
report is useful for the learners to know about different concepts of human resource
management. The report has explained the detailed selection processes and the factors
of selecting a candidate has been explained in the report.
REFRENCES
 https://www.humanresourcesedu.org/what-is-human-resources/
 https://www.google.com/search?q=barclays+plc+logo&sxsrf=ALeKk00N-
WBVNEAWvb1wHm65I08dyGZ4mQ:1590748214663&source=lnms&tbm=isch&sa=X&ved=2ahU
KEwjy94vy7tjpAhX96OAKHZkKALwQ_AUoAXoECA8QAw&biw=1366&bih=657#imgrc=tZeOo8ym
e5GNAM
 https://www.google.com/search?sxsrf=ALeKk00N-WBVNEAWvb1wHm65I08dyGZ4mQ
%3A1590748214663&ei=NuTQXvKEKP3RgweZlYDgCw&q=barclays+plc+stock&oq=barclays+plc+
&gs_lcp=CgZwc3ktYWIQARgDMgQIIxAnMgQIIxAnMgIIADICCAAyAggAMgIIADICCAAyAggAMgIIA
DICCAA6BAgAEEdQ3DNY1jZg5EZoAHABeACAAYADiAGfCZIBBTItMi4ymAEAoAEBqgEHZ3dzLXdpe
g&sclient=psy-ab