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Resource Management in HRM: Functions, Practices, and Effectiveness

   

Added on  2023-01-10

18 Pages4842 Words67 Views
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Resource Management
Resource Management in HRM: Functions, Practices, and Effectiveness_1

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Definitions and a brief explanation of HRM and work force planning..................................1
Explanation of the purpose and the functions of HRM, applicable to workforce planning and
resourcing of your selected organization................................................................................2
Assessment of how the functions of HRM can provide talent and skills appropriate to fulfill
the Brief and Guidance business objectives of your selected organization............................3
Critical evaluation of the strengths and the weaknesses of different approaches to recruitment
and selection used in your selected organization...................................................................4
Exploration of the effectiveness of different HRM practices in your selected
hospitality/tourism organization.............................................................................................6
Critical evaluation of the HRM practices and application within your selected organization7
Analysis of the importance of employee relations in respect to influencing HRM decision-
making in your selected organization.....................................................................................8
Identification of the key elements of employment legislation and the impact they have upon
HRM decision-making in your selected organization............................................................8
Illustration of the application of two HRM practices in your selected organization using
specific examples....................................................................................................................9
Critical evaluation of employee relations and the application of HRM practices that inform
and influence decision-making in your selected organization.............................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
Resource Management in HRM: Functions, Practices, and Effectiveness_2

INTRODUCTION
Resource management is the effective and efficient development of the different
resources of the business as per the need as it includes the financial resources, human skills,
production resources, inventory, natural resources and information technology. It is a overall
process that include the pre-planning, scheduling, and allocation of all the resources by which
maximum profit will get attained within the certain period of time (Alfes, 2017). The resources
are anything that could be needed to complete the adequate task that might be based on the
human skills or by the usage of some software as well. The human resource management is more
crucial within the business as with this an overview of all the different activities that get
performed within the business as like recruitment, selection, orientation, performance appraisal,
induction, monitoring, motivating employees, training and development programmes and many
others as well. McDonald’s is considered in this report as it is an American fast food company
that was founded in 1940 by Richard and Maurice McDonald and having the headquartered in
Chicago, Illinois, United States. This report includes the purpose and scope of HRM in terms of
resourcing an organisation with skills and talent with the effectiveness of key elements of HRM.
In addition the internal and external factors that affect HRM decision making and employment
legislation will get considered with the HRM practices.
MAIN BODY
Definitions and a brief explanation of HRM and work force planning
Human resource management is the strategic approach of the business through the people
of the company will get managed so as they could work with more efficiency that helps to gain
the better competitive advantage and get designed to enhance the performances of an employees
by which more profit and continuous growth get measured by the business (Human resource
management, 2020). There are a lot of responsibility that is played by the manager of McDonald
such as staffing, defining/designing work and employee compensation and benefits. It is
management function that includes the concerned about hiring, motivating, and maintaining
workforce in the business and have deal with the different issues as like compensation,
motivation, hiring, training, development, communication, and administration of an employees
(Armstrong, 2020).
1
Resource Management in HRM: Functions, Practices, and Effectiveness_3

The work force planning is a process of analysing, forecasting, assessing gaps, planning
supply and demand of workforce, determining target talent management interventions by which
the right people with the right skills get selected for the right job such that the accomplishment of
target become more speedy. It is a continuous process that is used to get align the priority and
need of the McDonald for their workforce to get sure that they could meet the service and
production requirements, legislative, regulatory and business objectives (Bailey, 2018). It helps
the manager to identify the competency in between the employee and select the best for the
business by which all the issues get address systematically and drives the positive change as
well.
Explanation of the purpose and the functions of HRM, applicable to workforce planning and
resourcing of your selected organization
Human resource management of McDonald designed the overall process or system to get
ensure that the each and every employee has successfully used so as to attain the objective of the
business. The major purpose of HRM is to make available that the willingness and competency
of the employee will get maintained that enhance the development and productivity of the
business.
Human Resource Management Purposes applicable to workforce planning and
resourcing:-
The human resource manager of McDonald ensure that the right person has worked with
the right place as per the suitability of their skills, ability, capability, capacity,
knowledge, experience, attitude and have other factors as well.
To perform the staffing of the entire new individual within the business as per their skills
and knowledge by which the working performance will get standardised.
The another one is to manage the employee compensation and with that provide the
appropriate benefits as like cash, vacation, leaves etc as it is based on the service that is
provided by the employee to the employer (Banfield, 2018).
To make the effectiveness that is more optimised and under controlled by which the
profitability of the business will get enhanced that enlarges the productivity as well.
HRM plays some functions as well it is the systematic process and with that forecast the
future need and demand of the business in terms of employee.
2
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