Report on Functions and Scope of Human Resource Management
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Added on 2020-06-04
Report on Functions and Scope of Human Resource Management
Added on 2020-06-04
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HUMANRESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 HR Directors purpose and HRM functions............................................................................1P2 Strengths and weakness of recruitment and selection approaches.........................................3TASK 2............................................................................................................................................6P3 Benefits of different practices of HRM for both employee and employer ..........................6P4 Effectiveness of various HRM practices................................................................................7TASK 3 ...........................................................................................................................................8P5. Importance of employee relations in HRM decision making ..............................................8P6. Impact of employees legislation on HRM decision making .............................................11TASK 4 .........................................................................................................................................13P7. Application of the human resource practices ....................................................................13CONCLUSION..............................................................................................................................17REFERENCES..............................................................................................................................18
INTRODUCTIONHuman resource management (HR,) is a process of selecting right candidate at the rightjob so that company can achieve its set objectives and targets effectively on time. HR departmentalso focusses on the training and compensation of employees. Each company emphasises on thedevelopment of staff members (Armstrong and Taylor, 2014). Firm treats workers as animportant asset. Thus, employees can work efficiently and effectively. HSBC is a bankingcorporation which provides services such as retail, investment, loans, wealth, credit management,insurance, etc. They are operating in all over the globe . Report discusses about the functions andscope of human resource management, strengths and weakness of recruitment and selectionprocesses as well as benefits of human resource practices to the employer and employee. Further,effectiveness of human resource practices in terms of productivity and profits as well asimportance of the employee relations which influence the decision making of human resourcemanagement are explained. Report discusses about the elements of employment legislation andimpact on personnel decision making. It also discusses about the application of human resourcepractices in the organization.TASK 1P1 HR Directors purpose and HRM functionsHuman resource management is a process of planning, organising, directing, controllingand having feedbacks of human resources at the end of organisational, individual and social. HRhelp in properly utilizing of resources, maximise of resourcing and workforce planning of anHSBC. Human resource nature includes HR maintaining, procurement and development. It willhelp in achieving the objectives of social, organisational and individual. Managing of an humanresource is an subject of multidisciplinary such as management study, sociology,communications and economics (Absar, 2012). It is an continuous process and it includes workin team and team spirit. Management of human resources scopes are very wide and vast. All activities are startingfrom an planning of manpower till exit of an employee from HSBC. It includes development,maintenance, acquisition and HR controlling with in a company. Hard and Soft Approach: “Hard and Soft” approaches of HRM for resourcing andplanning in HSBC in which Hard approach is where company expect results with more cost1
effectively workforce. It suffer higher turnover, absenteeism of staff and not having itsrecruitment successful and in soft approach it is treated very nicely with in a company. Theyprovides rewards of workers performance and they effectively motivate their staff. HSBC bankdon't use hard approach of human resource management. Purpose of HRMSome are the purpose of human resource management with workforce planning andresourcing in an organisation are as follows:HR strength should ensure that capitalized and manpower should have optimum use.Human resource requirements is to do future forecasting.HSBC human resource purpose is to face fastly changes of technologies.Organisation have to face challenges of environmental and turbulent forces. FUNCTIONS OF HRMThese functions of human resource are done by managers of HSBC. Functions of HRMare classified into two parts: Managerial functionsPlanning: It is an establishment of course of actions. It is a process of achieving HSBCgoals and formulations of programmes and policies. It is an future forecasting process itis a main components in a process of planning. Organising: It is a process of jobs allocating and structure of HSBC bank. It is having ainvolvement of every subordinate have to predetermined departments of an particulartask, subordinates delegate their authority, coordinate work, communication and so on.Staffing: It involve making of decisions of employees hired, selection of workers, settingstandard of performance, compensating, performance evaluating, counselling of workers,workers training and development (Adeola and Adebiyi, 2016). Directing: It involve the group activities for achievement of goals such as maintainingmorale, motivating subordinates etc. HSBC help their subordinates to get their workdone. Controlling: It is a process of setting of performance standards, controlling of actualperformance comparing with standards which are set and take a actions correctly forsolving all deviations in their HR process and control them. 2
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