Analysis of HRM Practices Benefits for Employers and Employees

This report provides an overview of Human Resource Management (HRM) and its significance in an organization. It defines HRM as the discipline focused on the development and retention of human capital. The report highlights the benefits of HRM practices for both employers and employees. For employers, the advantages include increased productivity, a positive work environment, stability, and a superior position. For employees, the benefits encompass opportunities for evolution through performance management, improved relations, and a positive organizational culture. The conclusion emphasizes the core role of HRM in organizational restructuring and achieving competitive advantage. The report is based on the provided assignment brief that required a PowerPoint presentation and a reflective report on the benefits of different HRM practices within an organization for both the employer and employee.

Human resource
Management

TABLE OF CONTENT
 Introduction
 Benefits of HRM practices to employer and employee
 Conclusion
 References

INTRODUCTION
Human resource management is defined as the discipline whi
ch looks after development and retention of human capital in
an organisation. Human resource department of the company
is assigned the task to look after needs and expectations of hu
man capital in context of an organisation.
In this present scenario, Human resource function is crucial fu
nction in context of an establishment as it can assist a compan
y in achieving competitive advantage.

P3 Benefits of HRM practices to employer and employee
Human resource practices in an organisation ensures ideal ma
nagement and development of workforce so that organisation
al goals can be attained. These practices are beneficial to both
employers and employees in numerous ways.

The leading benefits of HRM practices to employer are:
 Productivity
 Positive environment
 Stability
 Superior Position

 Major aspects of HRM practices

Benefits of HRM practices to employees are:
 Evolutions of employees: Performance manage
ment
 Better relations
 Ideal culture

CONCLUSION
It can be concluded from the above report that human resource fun
ction is a core function of an organisation. The company is going t
hrough a major restructuring which is only possible through applic
ation of various human resource practices.

REFERENCES
Barney, J. B., Ketchen Jr, D. J. and Wright, M., 2011. The future of resour
ce-based theory: revitalization or decline?. Journal of management. 3
7(5). pp.1299-1315.
Batt, R. and Colvin, A. J., 2011. An employment systems approach to turn
over: Human resources practices, quits, dismissals, and performance.
Academy of management Journal. 54(4). pp.695-717.
Bolman, L. G. and Deal, T. E., 2017. Reframing organizations: Artistry, c
hoice, and leadership. John Wiley & Sons.

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