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Benefits of HRM Practices for Employer and Employees

   

Added on  2023-01-13

15 Pages4363 Words81 Views
Professional DevelopmentMarketing
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Human Resource
Management
Benefits of HRM Practices for Employer and Employees_1

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1: Purpose and functions of HRM, applicable to workforce planning and resourcing an
organisation..................................................................................................................................3
P2: Explain the strengths and weaknesses of different approaches to recruitment and selection
......................................................................................................................................................4
M1: Assess how the functions of HRM can provide talent and skills appropriately...................5
M2: Evaluate the strengths and weaknesses of recruitment and selection..................................6
D1: Critically evaluate the strength and weakness of different approaches................................6
TASK 2............................................................................................................................................6
P3: Explain the benefits of different HRM practices within an organisation for both the
employer and employees..............................................................................................................6
P4: Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity.................................................................................................................8
M3: Explore the different methods used in HRM practices........................................................8
TASK 3............................................................................................................................................9
P5: Importance of employee relations.........................................................................................9
P6: Key elements of employment legislation .............................................................................9
M4: Key aspects of employee relations management and employment legislation..................10
TASK 4..........................................................................................................................................10
P7 & M5: Illustrate the application of HRM practices in a work-related context, using specific
examples....................................................................................................................................10
D3: Critically evaluate employee relations and the application of HRM practices...................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14
Benefits of HRM Practices for Employer and Employees_2

INTRODUCTION
Human resource management encompasses the formal system that is devised to
effectively manage the resources as well as manpower of an organisation. It is considered as the
core essential part of the entity because it comprises whole recruitment cycle, conduct orientation
or training session and most significantly perform compensation plans to retain the interest of
existing talent (Berman and et. al., 2019).
To better define the objective Sainsbury company has been selected which is the leading
supermarket chains of UK. It is the market leader in terms of delivering various product and
services such as grocery items, necessity products within same platform. This report cover topics
like determine the purpose as well as scope of HRM in terms to manage the talent as well as skill
appropriately. Evaluate the effectiveness associated with the essential HRM elements of an
organisation. Identify the internal and external factor that can affect the decision making and
employment legislation of HRM. Further, apply suitable HERM practice fro work related context
are covered in the report.
TASK 1
P1: Purpose and functions of HRM, applicable to workforce planning and resourcing an
organisation
Sainsbury is the public limited company which started its operations in 1869 from United
Kingdom. It was founded by John James Sainsbury and comprises of various hypermarket and
supermarket store that together offer wide alternative or choices to the customer. The prime
objective or purpose of firm is to expand its reach and gain the dominant position within its
home market that is UK. To carry out objective, the mission of employees is to build viable
relation with existing customer by systematically delivering the product and services from
supermarket limited, Sainsbury bank and Argos.
Workforce planning is the ongoing process of an organisation that significantly align
the requirement of personnel and accordingly prioritise the task in order to enrich the overall
productivity. It basically involve the workforce planning whose motive is to assess the gaps and
manage the requirement of talent through adequate supply as well as demand (Bratton and Gold,
2017). Within Sainsbury company this process ensure that right people that have desirable skill
and capability become the part of vacant position at the right time.
Benefits of HRM Practices for Employer and Employees_3

Recruitment and selection: This function together helps in the workforce planning and
resourcing the right talent as it is the continual process under which the HR manager of
Sainsbury company based on job advert attract the pool. Future, based on evaluation process they
manage the supply as demand of workforce. This maintain the balance by filling up the gap
through the personality with right skill set. Systematic function of the recruitment and selection
method assist respective company to cater the objective of an organisation by participating in
shaping the internal functioning.
Training and development: The role of respected function is to enhance the work
quality of respected company for which the HR manger run certain session to enrich the existing
capability and skill set of manpower. Such workforce planning not only assist the company to
upgrade its position in competitive market but it also help to retain the potential resources of an
organisation.
Managerial functions
Planning & Controlling: Based on this function the manager of Sainsbury company
suitably design the workforce planning and accordingly perform the managerial function by
hiring right talent for vacant position. This even help to manage the performance by reducing the
gap between actual and standard performance.
Operative function
Compensation: People become the part of particular environment in order to gain certain
type of monetary and non monetary benefit. It is the responsibility of HR manager of Sainsbury
company to offer desirable amount of compensation to existing employees so that they gain
desirable amount of profitability. Thus, focus is given to offer adequate amount of remuneration
for the welfare of staff.
P2: Explain the strengths and weaknesses of different approaches to recruitment and selection
Recruitment is the process to invite the desirable candidate in order to apply for the
vacant position and get opportunity to get selected after crossing various evaluation rounds. This
is the positive approach which involves job advert posted in the website, job portal and notice
broad in order to spread the awareness regarding vacancy and manage the workforce effectively
(Cascio, 2014). It is basically considered as a strong base for selection process which help to
employee the desirable workforce that can significantly fulfil the requirement and
responsibilities of an organisation. Thus, the process help to discover significant source to attract
Benefits of HRM Practices for Employer and Employees_4

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