logo

Importance of HRM Practices in Organizational Profit and Productivity

Produce an Employee Induction Manual as a Human Resource Manager for an organization

16 Pages3959 Words95 Views
   

Added on  2023-01-11

About This Document

This report discusses the purpose and functions of HRM, strengths and weaknesses of recruitment and selection approaches, benefits of HRM practices for both employers and employees, and the effectiveness of HRM practices in raising organizational profit and productivity. It also highlights the importance of employee relations and the impact of employment legislation on HRM decision-making. The case study focuses on Tesco, a multinational organization.

Importance of HRM Practices in Organizational Profit and Productivity

Produce an Employee Induction Manual as a Human Resource Manager for an organization

   Added on 2023-01-11

ShareRelated Documents
Human Resource
Management
Importance of HRM Practices in Organizational Profit and Productivity_1
Table of Contents
INTRODUCTION...........................................................................................................................1
P1 Explain the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation......................................................................................................1
P2 Strengths and weaknesses of different approaches to recruitment and selection..............1
P3 Explain the benefits of different HRM practices within an organisation for both the
employer and employee..........................................................................................................2
P4 Effectiveness of different HRM practices in terms of raising organisational profit and
productivity.............................................................................................................................2
P5 Importance of employee relations in respect to influencing HRM decision- making......3
P6 Employment legislation and the impact it has upon HRM decision- making...................4
P7. Application of HRM practices in TESCO........................................................................5
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10
Importance of HRM Practices in Organizational Profit and Productivity_2
INTRODUCTION
Human Resource Management is defined as a process in which HRM department within an
organisation engage in the procedure of maintaining workforce performance by undertaking
different actions like recruitment, selection, training, motivation and more. This mainly aims
towards enhancing day to day performance of employees to fulfil corporate objective and goals
with great efficiency (Alomari, 2020). This report has been based on Tesco, entity operate their
business functions as a multinational organisation without having its headquartered in England
United Kingdom, by offering high quality product and services company effectively satisfy
consumer needs and demands. Present report includes discussions on purpose and scope of HRM
in addition with employee relation effectiveness and employee engagement. Along with this
report include employee legislations, job description, preparatory notes, job offer letter and CV.
P1 Purpose and the functions of HRM, applicable to workforce planning and resourcing an
organisation
There are different type of function that has been taken by HR department that are
applicable to workforce planning and resources of an organisation. Functions and purpose this
unit engage in this is selection, recruitment, training and hiring of candidates through which they
can effectively manage workforce with an organisation that enhance overall productivity and
profitability of entity.
WORKFORCE PLANNING
Workforce planning defines as a procedure in which activities related to identifying need
and priority of employees required in every department within an organisation (Meyers, Paauwe
and Dries, 2020). This approach is being undertaken by Company HR manager, in this they
recruit and select potential and effectual candidates to fulfil company job requirement as to
enhance workforce strength through which profitability of entity can be significantly maximized:
PURPOSES OF HRM
Main purpose of HRM is to make sure that employees in entity is conducting their
activities and functions in safe and secure worplace environment.
The most important purpose of HRM is to offer adequate supervision and efficient
guidance to each and every workers and work force of company as to enhance that
motivation towards accomplishment of entity goals and objectives.
1
Importance of HRM Practices in Organizational Profit and Productivity_3
FUNCTIONS OF HRM
Tesco HRM function is differentiated into three categories that include Cooperative
managerial and advisory
Operative Functions:
It is one of the most difficult as well as challenging function that Company HR manager
is undertaken in HRM department, as in this execution of this function require maximum number
of resources to conduct operative functions. HRM department is mainly engaged in the operation
of recruiting competitive candidates and selecting them for various job positions in entity. Along
with this in this function HR manager also engage in the function of providing proper training
and orientation to employees in order to enhance skill knowledge and compatibility of
employees with company operations. Further it has been evaluated that operating function also
includes conducting performance evaluation by HR manager to maximize employee’s
knowledge.
Managerial Functions:
This function is mainly associated with number of functions, within this HR manager is
required to develop policies as well as plans in order to align employee’s activities with entity
objectives. In this function HR manager is having most important responsibility to develop
positive workplace environment and structure through which they can provide formative
direction to employees as to align their behavioural conduct with company goals. Lastly in this
function, HR manager undertake controlling activities as to make sure that laid down plan is
executing with appropriate standards.
Advisory Functions:
This HRM function is aimed at provision of advice by HR department to top management
team for formulation of policies and plans. In addition with this HRM department act as a most
significant function within an organisation that mainly hold the responsibilities to offer adequate
Advises to head of different department as well as unit that are undertaking their role in Tesco.
P2 Strengths and weaknesses of different approaches to recruitment and selection.
SOURCES OF RECRUITMENT
Internal:
2
Importance of HRM Practices in Organizational Profit and Productivity_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Importance of HRM Practices in Organizational Profit and Productivity
|16
|4024
|94

(Solution) Human Resource Management Assignment
|18
|5560
|325

Human Resource Management – Purpose and Functions
|18
|5518
|23

Human Resource Management on Tesco Sample Assignment
|15
|4275
|27

Human Resource Management Assignment - Sainsbury
|32
|5206
|72

Purpose and Functions of HRM in Workforce Planning
|28
|5193
|71