Functions and Approaches of HRM in Meeting Business Objectives
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Added on  2023/01/12
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This report discusses the functions and approaches of HRM in meeting business objectives, including recruitment and selection, training and development, and performance measurement. It also evaluates the methods used in HRM practice.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................5 Purpose and functions of HRM..................................................................................................5 Approaches of recruitment and selection....................................................................................6 Functions of HRM in meeting business objectives.....................................................................8 Evaluation of methods used in HRM practice..........................................................................10 CONCLUSION..............................................................................................................................11 REFERENCES.............................................................................................................................12
INTRODUCTION Human Resource Management is a process to manage the human resources of the organisation (Triguero Sánchez and et.al., 2016). This report is based on the case study of Mont Rose College (MRC). This report will specify various functions and purposes of HRM work practices. Various approaches used by the HRM in order to recruit and select candidates are also summarised in this report. HRM functions to improve employee motivation will also discuss in this report. Methods used by HRM also discussed in this report.
MAIN BODY Purpose and functions of HRM Human resource management (HRM) Human resource management can be defined as the strategic approach which is used to manage employee within company as well supports to gain competitive advantage. This approach is designed for enhancing employee performance at working place so that easy to achieve organization objectives. Purpose The main purpose of the HRM in Monte Rose Collage is to improve productivity of a collage by preventing issues which occurs between employees and employers (Kianto, Sáenz and Aramburu,2017).Apartfromthis,humanresourcemanagementsupporttooptimize effectiveness of employees within collage that automatically meets collage from their defined vision. Functions of HRM Human resource plays roles such as recruitment, motivation, communication and direction within company. Functions are : Recruitment and selection:It is a major function of HR which is used to screening best talent that matches with job profileand help company to meet their goal. It is crucial procedure for every organization because it helps to reduce cost of mistakes i.e. engage incompetent, unqualified employees and unmotivated etc. HR offers different type of policies such as health insurance policies, incentives and compensation policies etc. to attract best talent for giving interview. Training and development:It is another function of human resource management where they analyse employee needs and their performance at workplace. On the basis of evaluation organizes training and development classes by the HRM to improve current and future performance within workplace (Papa and et.al., 2018). Thus, HRM supports company to meet their objectives by the help of employees. Managing employee relation: Employee relation is more crucial for organization because it
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creates healthy working environment and maintains well-being of them at job place. HRM gives values to their employee by involving them in decision making process. Additionally HRMoffersemployeesupportivepoliciessuchasflexibleworkinghourfacility, compensation policy and health insurance policy etc. assist to establish good relation with employee. Performance Appraisal: It is also an important function of human resource management where HR offers appreciation those employees who gives more efforts on their performance. Apart from this, HRM offers rewards strategy for improving employees performance at workplace. Mont Rose Collage (MRC) hires HRM to manage workforce planning. Where HRM supports collage to introduce various strategy such as recruitment and selection strategy. The main goal of the strategy to elect right skills for right job profile within collage. Additionally, to deal workforce offers training and development classes which improves their performance at workplace. Performance appraisal strategy also introduces by HRM to build employee relation with company. Benefits of different HRM practices ď‚·Performance appraisal strategy gives positive impact on employee performance within collage. For example rewards strategy motivates employee to give high performance so that they become eligible to gain reward a part from salary. ď‚·Recruitment and selection strategy gives positive impact on collage because gets talented employee at workplace by HRM practices. ď‚·Trainingand developmentclassalso apart of HRMpracticeswhich supports employee and employer to improves their performance. Approaches of recruitment and selection Human resource department of MRC college conduct following activities in order to recruit and select potential employees for various positions in the organisation structure of the company. HRM follows both internal and external approaches for recruitment and selection process of the organisation. Internal Recruitment
Aptitude Test:To start the interview process HRM conduct aptitude test in the beginning. This test enables the HRM to assess the knowledge of all the candidates presented on the date of interview. Group Discussion Session:Group discussion session is also a crucial stage involved in the external recruitment approach adopted by the HRM of the MRC College. This process guides the HRM department about the over all personality of the candidates. Personal Interview Round:This is the final stage involved in the external recruitment approach follows by HRM in the college. After conducting both the processes Aptitude test and group discussion round few candidates get short-listed based on the performance in previous stages of recruitment and selection process. Based on the candidate performance in this level organisation offers job to graduates. Strength: ď‚·Fresh talent get a part of the organisation structure. ď‚·It also improves organisation hierarchy. ď‚·It enables more options for recruitment and selection. Weakness: ď‚·Cost is high in this process. ď‚·Risk is also high in this process. Functions of HRM in meeting business objectives Functions of HRM involve all such activities that guides the organisation to meeting overall business objectives. Recruitment and Selection:Recruitment and selection is among the major function run by HRM in MRC college. Organisation meet its positional requirements with the support of this HRM functions as college management get potential and efficient work force at different designations in the organisation hierarchy (Ebiasuode, Onuoha and Nwede, 2017). Skilled work force support the college management to achieve productive tasks which also improves brand image of the college in target market. Profitability has a direct connection with the brand image of the organisation in target market. Recruitment and selection enables the management to associate potential employees with different organisation positions in order to meet all the objectives of the MRC college.
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Training and Development:Training and development associated with company's human resources is also a crucial activity involve in the operational activity of the HRM. To improve the skills of organisation employees HRM provide various training like IT training and other functional training to develop the personality and skills of employees of MRC college. Training and development potentially improve the abilities of employees that also enable employees to performmoreefficienttasks.Organisationalsoconducttrainingenablingpersonality development of employees of the organisation (Tay, Tan and Yahya, 2017). Improves skills and abilities of employees of the college guides the employees to perform more efficient tasks and operations. Education belongs to service sector that highly depends upon the quality of service. Training and development of employees improves the brand image as employees get to perform more effective task which also improves the profitability in order to meet the objectives of the MRC college. Performance measurement:Performance measurement of employees of the MRC college is also among the crucial operational function involved in the positional requirements of the HRM. To honour all the efficient performances of employees HRM conduct performance measurement (Rasool and et.al.,2019). HRM provide incentives and bonus to all the productive work force based on the outcomes of the performance measurement task. This is a crucial activity that drives the management to motivate all employees of the college in order to perform more efficient operations. Highly motivated human resources is among the primary requirements involved in achieving organisation objectives. HRM provide incentive based bonus as well that also guides employee to put some extra efforts in order to achieve higher operational effectiveness. All the aspects of performance measurement improves the efficiency of service of the sollege that also enables management to improve brand image in the target market to achieve better profitability and meet all organisation objectives. Open sessions:Conducting open sessions is also among the crucial operation functions of the HRM. With the support of this functional activity all the issues face by employees in performing the respective duties get discussed so that management can take suitable actions to give more efficient work culture to employees. This activity of HRM potentially improves the work culture of the college which also enable the management to achieve all business objectives by bringing more efficiency form employees.
All the above functional activities of HRM potentially enables the management to achieve over all business objectives of the college. Practices like Training and development, performance measurement enables the management to improve the effectiveness and work efficiency of employees that also improve the brand image of the organisation. Impactful brand image drives the organisation to improve profitability of the organisation. Recruitment and selection process of the HRM enables the management to recruit efficient and skilled employees for various designations in the college. This also causes to improve the organisation profitability. Evaluation of methods used in HRM practice Methods follow by HRM to conduct operations can be specified in the following manner. 360 Degree performance management feedback:This is a potential method used to assess the employee performance in the organization (Rahman and Hasan, 2017). This technique involve reviewing employee performance with the guidance of all the top-level management and senior employees. Under this technique's employee efficiency is based on the opinions of all the seniors about the employee. Fair evaluation system:To ensure the high efficiency in performance measurement this method is adopted by the HRM. HRM follow the standard approach by covering every aspect of the employee performance such as productivity, time management and other skills, employee contribution and other aspects that guides the HRM about employee efficiency. Highlight Performer:HRM also follow the process of honouring employee's in front of all the senior management and organization work force. HRM give certificates like certificate of excellence and other benefits like incentives, performance based bonus and other benefits in order to give reward in return to give performance of employee's. Knowledge sharing:HRM also conduct open sessions in the organization. This session focus over discussing all issues of employees that restrict the employee efficiency (Coffie, Boateng and Coffie, 2018). This is an important approach that guides the employees to perform more efficient tasks. Performance based bonus:HRM also follow the approach of giving bonus and incentives to rewardalltheproductiveperformancesconductedbyemployee.Thisactivityimproves employees motivation and performance standard. It also improves the profitability of the MRC college.
CONCLUSION Various HRM functions and purpose like work force planning, recruiting and selecting are concluded in this report. HRM of the college adopt both the strategies such as internal recruitment approach and external recruitment approach in order to meet the designation requirements of the college. Various HRM activities like performance analysis, training and development are also discussed in order to meet business objectives. Methods follow by HRM like 360 degree feedback system are concluded to motivate employee's.
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