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Human Resource Management (HRM) Assignment - BARCLAY BANK

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Added on  2020-10-22

Human Resource Management (HRM) Assignment - BARCLAY BANK

   Added on 2020-10-22

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HUMAN RESOURCEMANAGEMENT
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and functions of HRM in reference to Barclay bank................................................1P2 Strength and weaknesses of different approaches of recruitment and selection....................3SELECTION METHODS:..............................................................................................................4TASK 2............................................................................................................................................5P3 Benefits of HRM practices for both employee and employer................................................5P4 Effectiveness of different HRM practices for raising organisation profits and productivity.7TASK 3............................................................................................................................................9P5 Employee relation in influences HRM decision making........................................................9P6 Key elements of employee legislation and its impact on HRM decision making................11TASK 4..........................................................................................................................................13P7 Application of HRM practices in context of BARCLAY BANK........................................13CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
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INTRODUCTIONHRM of BARCLAY BANK is a set of activities oriented at attracting, processing, andmaintaining an effective team of workers. This report highlights the purpose and scope of HRMpractices of BARCLAY BANK which is a British multinational funding bank and monetaryofferings' organisation, established in London. Further, it includes and hard and soft approachesthrough which they manage their personnel’s (Wright,2018).The report will also discuss the strength and weaknesses of recruitment and selectionthrough different approaches. Moreover, it will also describe how HRM practices benefits bothemployees and BARCLAY BANK itself. On the flip side, it will also comment on theeffectiveness of HRM practices on company's profits and productiveness. This report will alsoframe the employee relation that helps the HRM of BARCLAY BANK in making decision withthe help of Robinson model that encompasses of training and development and personnelappraisal. Further, in employee relation, assignment will outline importance of trade union in UK.Eventually, the report will highlight the employee legislation that includes certain rights likehuman equality act etc. and frames the application of HRM practices namely: job description,seminars, etc.TASK 1P1 Purpose and functions of HRM in reference to Barclay bank Human resource management (HRM) is the coordination of corporation’s people to gainspecific targets, fulfil staffing needs and satisfy employee expectations.NATURE OF HRM:Inherent A Part of Management: -HRM of Barclay Bank is an inherent a part of companybecause if the manager desires to draw great out of personnels, they will simply selectsthe group of personnel’s who will work underneath them and at the other side of thisthey ought to educate, encourage, appraise them on a timely basis.Pervasive Characteristic: – HRM of Barclay Bank is a pervasive characteristic ofcompany as every employee from top to bottom level carry out this function oncontinuous basis.SCOPE OF HRM:1
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Welfare Aspects: It deals with working situations, and services including eating house,creches, rest and lunch rooms, lodging, shipping, medical help, training, fitness andsafety, pastime facilities, etc. (Scope of Human Resource Management, 2016).Continuous Process: HRM of Barclay Bank isn't a one short function rather it is acontinuous process which require constant consciousness regarding the day to dayoperations of company.FUNCTIONS OF HRM:There are four major HRM functions of BARCLAY BANK-Planning: The purpose of planning function of Barclay Bank Plans to set up theprocedures to reach the predominant goals. (Cascio, 2015). Planning programs likerecruitment, selection, training and development, employee engagement etc.Organizing: The purpose of this function of Barclay Bank is to design and expandorganisation structure to perform the one-of-a-kind operations. Modifying theorganisation's structure by assigning different kind of activities to different personnelsaccording to their capabilities or positions in an organisation. Directing: The purpose of directing functions of Barclay Bank involve encouragingpersonnel to work willingly and efficiently to reap the desires of the company.Controlling: The purpose of Controlling function of Barclay Bank is all about guiding theactivities of their employees in accordance with the plans formulated primarily based onthe goals of the company (Bratton, and Gold, 2017). In this, the manager discovers andthen compares the effects with the set requirements. It additionally involves valuedeterminations, audit, records, and so on.HARD AND SOFT APPROACH:The hard approach of Barclay Bank is the management activity that makes plans, units upstructures, and monitors overall performance. The soft approach of Barclay Bank is the human-friendly control based on emotions and feelings.The hard approach includes: -Treats employees sincerely as a resource of the organisation (like equipment.)2
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-Strong hyperlink with company enterprise planning – what assets do we need, how canwe get them and what will be the expense of them.The soft approach includes: -Treats employees as the most critical and useful resource of the business -Employees are considered as individual and their wishes are studied consequently.P2 Strength and weaknesses of different approaches of recruitment and selectionRecruitment system is a process of figuring out the job vacancy, studying the jobnecessities, reviewing programs, viewing, short-listing and choosing the right candidate. On theother hand, selection can also be explained as the system of interviewing the candidates andevaluating their traits, required for a specific job, after which choosing the perfect candidate forthe location.Internal Recruitment Method With this technique, Barclay Bank seeks within their own company so one can hire or transferemployees into a brand-new position. In Barclay Bank, following are the most usual sources ofrecruitment: transfer, promotion and worker referrals.StrengthWeaknessWhen the Barclay Bank Promote withinthe enterprise, it sends a sturdy messageto the rest of the employees, as it tellsthem that there are clean possibilities togrowth within the organisation.Internal recruitment of Barclay Bankcreates a bad impact on the morale ofemployees as they have already gotsomeone in thoughts, other workforcewho practice for the function may feeldemoralized for not recognising theirhard work.External Recruitment Method In External recruitment, Barclay Bank goes out of the doors of their commercial enterprise todraw new employees inclusive of promoting inner candidates and pushes current personnel togrow and allows with range (Guest, 2017). Barclay Bank uses various sources of externalrecruitment: Direct recruitment, advertisement, casual callers, universities andrecommendations etc.3
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StrengthWeaknessBringing in fresh expertise from theout-of-doors help the company tomotivate the existing personnel toproduce and attain greater in hope ofobtaining the following promotionalposition.Through external recruitment the newworkers may not be able to regulatewith the new surroundings and theexisting personnel.SELECTION METHODS:EMPLOYEE INTERVIEW:Employee interview is a mechanism of exchanging information between candidate andinterviewer about candidate's suitability and interest in job position the company seeks to fill. STRENGTHWEAKNESSESInterviews conducted by Barclay Bankare flexible because any lackingportions of data about the candidate canbe accrued at this time.Candidate may feel disappointed whenthey face the questions which are notrelevant to their field.ABILITY TESTBarclay Bank uses ability Tests with the purpose of screening applicants on the basis ofabilities, competencies, and aptitudes that is classified either into paper and pencil exams or taskpattern exams.STRENGTHWEAKNESSESAbility Tests helps BARCLAY BANKin finding out the suitability ofcandidates for diverse jobs.Through ability test, the talent andcapability of a candidate might not bewell judged and the company loses thepotential employees.4
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