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