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Human Resource Management : Assignment (solution)

   

Added on  2020-12-30

18 Pages5443 Words368 Views
Professional Development
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Human ResourceManagement
Human Resource Management : Assignment (solution)_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Human resource management.....................................................................................................1Strategic HRM............................................................................................................................1Hard and Soft HRM....................................................................................................................2Recruitment and selection...........................................................................................................2Internal and external recruitment................................................................................................3TASK 2............................................................................................................................................5P3 Benefits of HRM practices for employer and employee.......................................................5P4 Effectiveness of different HRM practices in raising organisational profit and productivity.6TASK 3............................................................................................................................................8P5 Importance of employee relations in respect to influencing HRM decision-making............8P6 Key elements of employment legislation and its impact on HRM decision-making............9TASK 4..........................................................................................................................................10P7 Application of HRM practices in a work-related context....................................................10CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
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INTRODUCTIONHuman resource management refers to strategic approach which helps organisation tohave sufficient manpower to accomplish timely goals and objectives. Staffing, performanceappraisal, compensation, training and development are various activities which are executed byHR to have skilled and competent staff to perform tasks effectively (Donate and de Pablo, 2015).It is necessary that in organisation talent management, labour relations, succession planning areconducted by management to retain competent people for longer time and reduce employeeturnover rate. These tactics help organisation to establish competitive advantage to position firmhigher than rival firms. Present report is based on JP Morgan which is multinational firms thatprovide financial and banking services to public. Company provides different products that areasset management, commercial banking, equities trading, insurance and other services to people.This assignment defines about strategic HRM and various activities that is recruitment andselection to have adequate manpower in firm. Along with this, HRM practices benefits bothemployer and employee to raise productivity and profit. Employee relations and governmentlegislations are tactics which influence decision-making and help management to makeappropriate judgements which are beneficial for company. TASK 1Human resource managementHRM defines activities which are executed by administration to manage and havesufficient workforce in organisation. For this, recruitment, selection, assessment, training andrewarding of subordinates are conducted by management to have staff members to conductbusiness activities and achieve business objectives. Along this, they even require to havecomplete knowledge about labour and employment laws which are consider while formulatingstrategies and policies. This help HR to protect rights of employees and make system functionlegally (Human resource management,2016) . Strategic HRMIt is practice which define management conduct job analysis to acknowledge availabilityof manpower to inform people about vacancies to attract candidates to apply for it. This helpindividuals and firm to have adequate workforce. Along this, compensating and provideappropriate facilities to employees to retain them for longer period are duties of management to1
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