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P3 Benefits of different HRM practices for employer as well as employee

   

Added on  2021-02-18

14 Pages4645 Words135 Views
Human ResourceManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1P1 Purpose and function of human resource management.........................................................1P2 Strength and weaknesses of various recruitment and selection process................................3TASK2.............................................................................................................................................5P3 Benefits of different HRM practices for employer as well as employee...............................5P4 Explain the effectiveness of different HRM practices...........................................................6TASK3.............................................................................................................................................8P5 Explain the importance of employee relations and its influence on decision-making...........8P6 Key elements of employment legislation...............................................................................9TASK4.............................................................................................................................................9P7 Elements of employment legislation and its impact on decision-making..............................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONHuman resource management plays essential part in each organisation which includesstaffing, training, performance appraisal and compensation. Each organisation need thatemployer have adequate manpower to conduct business operations in according to marketsituations. HR provide duties and tasks to candidates in according to their skills and abilities;thereby make them perform activities and deliver appropriate things in according to needs andwants of people. Along this, management provide quality items and services to customers andsatisfy them. Present report is based on TESCO Plc which is famous retail store established inUK. It is a popular retail store providing variety of items and services to people in respect tofulfil their needs and wants. This assignment specifies information about purpose and functionsof human resource management (Cascio, 2018). Recruitment and selection process has variousbenefits and disadvantages; so it necessary that appropriate techniques are used which benefitcompanies to have skilled and competent members. HRM practices have advantages onfunctionality of employer and workers. Besides this, administration need to make policies anddecisions in respect to government rules and regulations. This help administration to accomplishgoals and objectives within defined time. TASK1P1 Purpose and function of human resource managementEmployer responsibility is to execute recruitment process and take care that organisationhave sufficient number of staff in respect to execute business operations effectively.Subordinates require to have good relations with top personnel which make them motivated andinspired towards job; thereby perform activities in proficient manner (Bratton and Gold, 2017). Functions of HRM: These are various duties that are performed by employer are statedbeneath:Recruitment and selection: This is important activity executed by human resource is tohave adequate manpower in organisation. It is necessary that intrinsic recruitment tools are usedin respect by employer to promote and transfer existing staff to inspire them and make themdedicated towards job. Apart from this, extrinsic devices are used by firms to attract candidatesfrom outside; thereby select best applicant. In TESCO, HR uses both internal and externalrecruitment tactics which help enterprise to have adequate workforce. Interview, group1

discussion and aptitude test are various techniques used by management to select individualwhich have skills and abilities in respect to job profiles. Training and development: Sessions, meeting, conference and seminars are varioustechniques that are conducted by employer to enhance capabilities of members. Managementprovide duties to staff in respect to their knowledge and abilities. But employer will be able toperform tasks effectively only if they have appropriate understanding and skills. They will beable to work with technologies and techniques that are implemented in system by executive inrespect to items and services required to needs and wants of people (Brewster and Hegewisch,2017). Employee retention: Companies require to have skilled and competent people which helpadministration deliver quality things to consumers. In TESCO, human resource have establishrelations with staff which help them to make employees dedicated and determined.Administration of firm organise activities and meetings to inform staff about targets and tasksthey require to perform in respect to accomplish work within defined time. Motivation: Employer of TESCO conduct activities to increase morale of members bygiving them rewards, promotion, wage, bonus and various other benefits. Performance appraisaltactic is executed by management which help them to have complete information about abilitiesof staff. Comparison of actual outcomes with benchmarks benefits employer to acknowledgepotentialities of subordinates; thereby provide them recognition and appraisals (Chelladurai andKerwin, 2017). Compensation and benefits: Human resource management need to provide adequatesalary and wage to members in respect to job profile and their results. In TESCO, administrationhave set packages for each posts in respect to activities require to be executed by members tocomplete work and attain targets defined by seniors. Employees require funds to maintain andregulate adequate living standards. So, they prefer job which provide them sufficient financialbenefits and various other incentives such as medical insurance, education facilities for theirchildren and so on. This help company retain people for longer period by giving themappropriate amount of money in respect to their requirements. Purpose of HRM: These are aims which are prime reason for human resource to conductactivities and responsibilities in respect to objectives require to be accomplished by them aredescribed below: 2

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