Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1 Purpose and the functions of HRM, applicable to workforce planning and resourcing.. .3 P2 Strengths and weaknesses of different approaches to recruitment and selection..............5 TASK 2............................................................................................................................................7 P3 Benefits of different HRM practices within an organisation for both the employer and employee.................................................................................................................................7 P4 Effectiveness of different HRM practices in terms of raising organisational profit and productivity.............................................................................................................................8 TASK 3............................................................................................................................................9 P5 Importance of employee relations in respect to influencing HRM decision-making.......9 P6 Key elements of various employment legislation and the impact it has upon HRM decision-making...................................................................................................................10 TASK 4..........................................................................................................................................12 P7 Illustrate the application of HRM practices in a work-related context...........................12 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION Human resource management is an area of management, which has been regulated & controlled to protect working decorum in any business environment.This area of management has been initiated for effective working and conducting of HR policies and formulated working with profit objectives of every organisation(Bröckermann, 2012). In the current scenario, HR practices involves training & development, orientation of new employee, pay-roll, etc. This analytical report will be carried on Barclays bank, which is the British multinational investment bank and financial services based in London, UK. Apart from this, Barclays is organised into Four core businesses: Personal banking, corporate banking, wealth and investment management. In parallel side, this report will cover purpose and function of HRM, applicable to work planning and resourcing an organisation along with explaining strength and weaknesses of different approaches to recruitment and selection. Also, report will consist of benefits of different HRM practices for both employer and employee and evaluating the effectiveness of different HRM practices in an organisational context. Lastly, this analytical report will cover concept of employee engagement and role of employment legislation in effective HRM decision making. TASK 1 P1 Purpose and the functions of HRM, applicable to workforce planning and resourcing Human Resource Management is considered as the process concerned with recruiting selecting providing training and development, deciding compensation and maintaining proper relations with the employees (Van Reenen, 2011). It is a strategic approach which focuses on management of people effectively in the organisation. Strategic Human Resource Management is the process of linking human resource function with the strategic objectives of the company so as to improve the business performance. It is a connection between company's human resource and its strategies, goals and objectives. The main objective of SHRMis to enhance flexibility, innovation and aids competitive advantage to the company. Nature and Scope of Strategic HRM: As it is concerned with respective company's human resources it assists the company to advanceflexibilityandinnovationinitsbusinessoperationsandprovidesacompetitive
advantage (Bloom, 2016). It has a wider scope associated with recruitment and selection of employees, as well as improves cooperation between HRM department and the line managers. Purpose and functions of HRM in workforce planning and resourcing: HRMplaysacrucialroleinattainbestemployeesaccordingtorequirementof organisation by accessing demand. Purpose of HRM: There are many purposes to adopt HRM in organisational development that are as follows: Employee engagement: HRM work for making good relationship with their employees by keeping each and every aspect up to date. With it concern about their salary, incentives and other benefits that give them motivation. Time to time they organise different meetings and conferences in which employees can elaborate their concern in better manner. Employee development and training: HR is responsible and its main purpose is to give appropriate knowledge so that employees can give their best in organisational development. Training is very important attribute in organisational growth and enhancement. In case of Barclays bank when new laws and regulations come in organisation they give important knowledge to them. Performance appraisal: Performanceappraisalisconcernedwithevaluation,developmentdiscussionfor employees that increase their motivation level and they are able to give their best.This allows employees at respective bank to perform their task properly and get feedbacks by the managers to improve their performance and attain organisational goals. Functions of HRMRecruitment and selection:The main function of HRM to select best candidates according to organisation need and select them by adopting various methods. It main purposeis to attract qualified candidates which could be retained in the organisation for the long time period and assist the respective bank in attaining the desired outcomes.Training and development:HRM play important role in organising training different activities while selecting candidates by giving orientation program to make comfortable with working environment. In case of Barclays bank HRM should provide necessary
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
trainings to its employees to enhance their performance and get desirable results by a way of increasing profitability. Its main purpose is to enhance skills and capabilities of the individual so that can perform effectively and achieves longer profit for the respective bank. Performanceappraisal:Performanceappraisalisconcernedwithevaluation, development discussion for employees that increase their motivation level and they are able to give their best.This allows employees at respective bank to perform their task properly and get feedbacks by the managers to improve their performance and attain organisational goals. Its main purpose is to appraise the employees at bank accordingly to their performance which motivates them to more effectively and receives more incentives and indirectly helps Barclays bank in achieving their goals. Hard and soft HRM There are two approaches of HRM in which hard and soft HRM approaches that are below: Hard HRM:Hard HRM consist of treat with employees in simple way and important assets of organisation. In it to make strong relationship within employee’s strong link should be built with corporate business planning. It helps in accessing needs and wants and in which cost and how Barclays bank fully satisfy them (Ketchen, 2018). Main motive is to satisfy employees needs and recruit people according to Barclays Bank requirement. Key features of Hard HRMis by changes in no. of employees to complete current needs and wants. By communicate minimal from top to down level and pay employeesaccordingtotheircapabilitiessothattheyremainforlongtermin organisation. It helps in workforce planning and resourcing by evaluating different aspects that are above mentioned. Soft HRM:In soft HRM consist of treat or behave people that they are very important source of organisation and they are capable to give competitive advantage. To satisfy employees that are very necessary in success of Barclays bank is to treat every employee as an individual and planned their needs accordingly. It focuses towards needs of employees give them roles and responsibilities and level of motivation so that they can best plan and resource in organisation.
P2 Strengths and weaknesses of different approaches to recruitment and selection In UK business environment, business entities are facing an issues/problem related to improper recruitment and selection process. It was noticed that recruitment & selection process in business functioning are suffering with an issue of improper planning & pre-stage resourcing. Recruitmentistheprocessofsearchingforprospectingemployeesandstimulatingand motivating them to apply for given jobs in the business organisation(Barney, 2017). In layman language, it means inviting application from candidate, do screening of it to find right and potential candidate and call for interview round. In context with Barclays bank, company has suffered with minor defects in their recruiting system which has limited scope to search for right and prospective employee's. As a human resource assistant, it was identified that there are two approach of recruitment such as internal and external approach to recruitment. The strengths and weaknesses of these approach are as follows: Internalrecruitment:Thismethodofrecruitmentinvolveshiring/recruitingofan employee through inside sources of any specific organisation. These sources are internal techniques such as transfer, promotion and employee referrals. Through internal sources, job openings are informed to employees of same organisation by giving internal advertisements, word of mouth or chances of communication through hierarchy. Currently, Barclays bank is practising this method, but they have less information over this.Still many companies are practising this approach to led easy filling of vacancy to save both time and cost. Strengths:The major strength of this method is to facilitate easy hiring of an employee through internal functioning. Also, the process saves the cost of training and conducting recruitment process. Weaknesses:The critical weakness is lack of pool of other skilled candidates. Also, lack of high skilled employee, because of limited pool of application applied for the job vacancy. External recruitment:In this method of recruitment, employees are mainly recruit from “out of the box”strategy. This means that employees are hired from out of the company hierarchy to get highly skilled and potential employee, who have good command over required knowledge, skills, traits, etc.These sources are: media advertisements, employment exchange, factory gate recruitment, casual callers, campus placements, walk-ins, consulting agencies etc. Barclays bank using campus placements to hire from recognised universities and through
recruitment agencies to get easy access of various valuable information of candidate to do their initial screening. Strength:The major strength of this method is the huge number of candidates with right skills, exposure or knowledge. Also, expectancy for future requirements of candidate through campus placements will also be fulfilled. Weaknesses:High processing along with involvement of huge cost is the major weakness of this approach. In this, minimum of 3 weeks will be taken from stage of receiving application, initial screening and final calling for conducting tests and interview. Sources: Methods of recruitment, 2018 Selection methods:Barclays bank uses “Psychometric test”, which is the process for entire measurement of candidate's strength and weaknesses by conducting it through stage speech, write-up speaking and aptitude ability. Strength:This test is the standardised and objectives based. Weaknesses:Questions might be complicated and also due to nervousness, candidate may fall under-pressure and may be loose the given opportunity. Barclays bank also uses “Personality test”through which they tests or measure the person ability to make decision making and also to know how they are potential to impress Illustration1: Methods of recruitment
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
others. They uses this test to know whether the person is applicable for being working into the collaboration or not. Strength:It is helpful in testing the right potential of an employee along with its potential to impress others through behaviour, personality or attitude. Weaknesses:This method only put efforts to test only one constraint and other variables such as knowledge, analytics avoided in this process. TASK 2 P3 Benefits of different HRM practices within an organisation for both the employer and employee IncontextwithCanaryWharffirm,thisorganisationprovidesperformance-based rewards and non-monetary benefits and apprentices. The HR management of Canary Wharf firm perform different HRM practices training & developments along with enabling learning scope to their employees to raise their performance at the higher level. Canary Wharf firm offers various apprenticeship are: performance-based rewards to enhance the motivation along with confidence level of their employee. Such apprenticeship increases actual potential as well as future based ability of their employee to contribute to the profit generation of this leading firm. Such practices by HR Dept. of the Canary Wharf firm is responsible for enhancing real motivation, faith and trust of an employee into the company. Apprentice offered by Canary Wharf firm are highly encouraged, valid and secured towards for employee's job and task. The major reason is continuousperformanceanditsfrequentappraisalandalsogivingpositivefeedbackto employee's on regular basis. The benefits for such HRM practices are as follows: Benefits: Employer(a) General manager of Canary Wharf firm will get quick response of their employee, while working accomplishing desired goals & targets of this leading bank. (b) Also, efficiency and productivity of its employee will rise and reach at the greater level to led selected team with democratic style to know they’re each and every need. (c) Through given apprenticeship, general manager of Canary Wharf firm would get effective relationship with other people of hierarchy system.This will be
possible, when general manager will motivate employee's with understanding pin- point to rise their confidence level tom accomplish the defined tasks. (d) It is truth that“Every employer uses employee for his own task needs”. Employee(a) In context with employee, career development scope will be raised for them along with higher rewards through developed performance. (b) Productivity and effectiveness would be raised at an optimised level. (c) Flexible working option within firm boost morale towards working as it denotes interest of employer in managing job satisfaction. P4 Effectiveness of different HRM practices in terms of raising organisational profit and productivity There are different HRM Practices which the respective bank adopt in order to raise organisational profit and productivity. Below are the following HRM practices explained -Learning, development and training practices:ItProvides training to the employees enhances their skills and capabilities to work efficiently and assist the company in achieving organisational profit and productivity. Training also helps in development of the employees to handle complex problems and reduces employee turnover within the company, learning and developmental practices helps employees to provide services according to customers’ needs and helps in attracting more customer's thereby increasing organisational productivity.Flexible Working Options:This practice when adopted by Canary Wharf firm makes the employee comfortable and enables effective performance of work. When the employee within the firm are provided with flexible working hours, sharing of work responsibility, facilities of working from home. This enables the employee to work with great dedication towards the company and assist in raising its productivity and profitability. Payment and Reward Management:Canary Wharf firmshould adopt this HRM practice to enhance the performance of employees. When the organisation links performance with rewards, it makes the employees more effectively and achieve more rewards. Moreover, the firm provide extra compensation and rewards to the employee for their successful
performance of work. This motivates them to work effectively to earn more rewards. This helps the company to increase their organisational profitability and productivity. TASK 3 P5 Importance of employee relations in respect to influencing HRM decision-making Employee relations are considered as pro-longed and effectively built collective relations between an employee and employer. Such kind of relationship can be built through complete employee engagement, by which common interest and desire to contribute into the working regulations can be create. It is necessary to have collective and objectives-based relation among the worker of any business organisation (Armstrong and Taylor S, 2014). Employee relation have resulted in effective and collective decision making, in such a way that collaborative working has contributed into its process. Three-tier approach is the major systematic approach to employee engagement which has divided engagement into three different tiers are as follows: Surface level engagement:This is the base level of engagement. These are some employee's that appear engaged and say all the right things, but they're still looking for WIIFM. They cannot be treated as disengaged. Emotional/feeling engagement:At this level, employees were committed to work to accomplish. They actually care about their work and company. Based on opinion, this is another type of engagement that most organisation are looking for. In response to this, employee's are proud of their work and increasing productivity. Intellectual engagement:Companies with high level of intellectual engagement also have high levels of transparency and employee development. Employees are thinking about whether their manager is engaged. In this engagement, major focus is on long term career needs, doesn't matter whether organisation is able to deliver or not. In context with Barclays bank, there are several times, when company has gone through situations where conflicts and misconduct issue has been occurred. This might be as reason of inappropriate relation between employer or employee or among number of employees. To overcome this, suitable strategies to enhance employee role and engagement or bringing of trade union is the suitable idea. But both have its own advantage and disadvantages. Employee engagement will be taken here to enhance long term relationship, as it enables confidence as well as motivation of an employee at an optimised extent to achieve desired or defined targets. The
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
major reason not taking trade union is its partial behaviour to others. Trade union only happens when there are people of same caste or religion, where their major purpose for building trade union is their own welfare. Employee engagement is necessary for managing employee relation which can be brought up through“democratic leadership & management style”. In this style, team members or employees are used to give freedom to express their own independent views, opinion or idea in develop business output. Suppose, when employee have independent or idea or opinions are being hear, this will ultimately enable employee engagement at the bigger extent. In context with Barclays bank, where autocratic leadership has been carrying on from longer period of time. For this leading bank, if democratic style would be applied, creativity or innovationwillbeencouragedandrewardedandtherewillbehigherchanceofhigh productivity,strongcontributionandleadingofbettermorals.Tomeasureemployee engagement,Barclaysbankcanevaluateitthroughself-assessmentofeveryindividual employee. The above given table is the self-assessment conducted by Barclays bank to check whether employee's are engaged or not. Expectation:I know what is expected of me and my work quality Resources:I have resources and training to thrive in my role Adequate opportunities:I have opportunities to do what I do best - everyday Trust or faithI trust my manager and believe they have my best interests in mind Reality of valuesMy voice, ideas and opinions are valued MissionI clearly understand explored mission and purpose along with this how I contribute to others LearningI have opportunities to learn and grow both personally as well as on professional basis. Barclays bank uses this technique to self-assess their employee to check their level or degree of engaging into business operation or functioning(Parry, 2011). This is one of the productive ways through which effective employee relation can be build up. Democratic leadershipstylehascreatedhigherchancesforBarclaysbanktogetequal&valuable
contribution of their each and every employee to accomplish desired organisational goal collectively. Such kind of leadership style needs to be applied for longer period of time with equal importance to every person to get their potential for every stage of Barclays bank. P6 Key elements of various employment legislation and the impact it has upon HRM decision- making In UK business environment, employee legislation has been initiated to prevent business entity existence or maintain their survival for the longer period of time. In parallel manner, clear and well-qualified employee is the major factor behind organisation existence. One person cannot control or manage company by alone, for this collective employee's efforts are necessary. But these collective efforts need to be achieved through employee regulation or their effective management (Jackson, 2018). First, there should be suitable legislation to protect their common interest and build motivation towards the work and secondly, enrichment through employee engagement plan or activities. In context with Barclays bank, both are necessary and confirmed to be pro-active. Through this report content, complete information over employee legislation will be given. There is various legislation for UK business environment such as anti-discrimination act, 1987 and equality act, 1992, whose motives is to maintain decorum into business culture of UK, of which Barclays bank is an integral part. Anti-discrimination act, 1987:The major agenda for this act is to promote opportunity of equality for everyone by protecting them from unfair discrimination in certain areas of activity and from any kind of harassments or any uncertain objectionable conducts (Barrick, 2015). This act was passed by parliament of UK in Oct, 1986 and sent to president for assent just one week of post passing. For Barclays bank, this legislation has provided base for protecting any employee, especiallywomen for being passing any unintentional conductssuch as gender, age inequality etc.Also, this has led common interest and curriculum work collaboration in this organisation through creating morale of equality. Equality act, 1992:This act has been enacted for bringing equality through morale of being equalism, belief in everyone and knowledge of “Being as collective”. This act was passed was UK parliament in the year 1991 and commenced from February, 1992(Vörösmarty and et. al, 2010).Through this act, Equality among every individual has been taught through collective
training session of Barclays bank. Equality for being as live as equal, removal of gender discrimination, age, caste or religion, colour, shape etc., has been acknowledged. In context with Barclays bank, Equality act has led employee's to be more confident and motivated through listeningtheirproblems/issues,irrespectiveoftheirreligionorgender.InUKbusiness environment,thisacthassawdecorumofeffective&collectiveworkingindifferent organisation. Every employee needs money for their survival, so this law has informed over being equal over remuneration, incentives, bonus etc. This provides confidence to employee. Occupational safety & health act, 1970:This act was passed in 1970 to encourage safer workplace conditions in the United Kingdom. This act established the federal occupational safety and health administration to set standards and perform inspections at the job sites. This act has been initiated in UK business environment to ensure health and safety issues should be handled with higher output to companies. In context with Barclays bank, this act will facilitate them to take care of their health care & maintain their common interest for being working for this bank for longer period of time. ThesedefinedlawshaveimpactedoverdecisionmakingofBarclaysbankHR department. In positive phase, these acts have brought collective working along with trust, belief and faith. Where, equality act has brought morale of equalism among employee to take their independent decisions, while engaged in work-based regulation (Feild, 2017). In negative manner, chances are less that, it would give employee a freedom to exploit rules & duties, which are assigned to them. Also, this has brought clear-cut decision making through action plan, which are structured through efforts of every individual person or entities. In response to these laws, trust and faith of an employee has been raised to enables decision making for productive basis. This is about equality to every person. Also, health safety related acts has been initiated to ensure the health of an employee in the proper and efficient manner. TASK 4 P7 Illustrate the application of HRM practices in a work-related context HRM practices has played a necessary role in making performance of a business firm clear and more effective with agenda to gain long term productivity with increased profitability. HRM practices includes hiring employee's, training & development, employee orientation etc. These HRM practices interact in predicting business firm performance, such that HRM system
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
consisting of practices that enhances workforce ability, motivation and opportunities to led high organisational performance. These practices need to be carried for longer term to have effective and better human resource regulations. In context with Men's health magazine, one-page CV for recruiting photographer is adequate and sufficient to get right manpower with right skills and knowledge to get fulfilled defined purpose. Curriculum Vitae(CV) Judy Morris Address: Harbour street, London (32145) Email id:Jmorris@outlook.com Professionalsummary:Confidentanddedicatedphotographerwithexperienceinboth freelance and professional photography. Person must handle working experience of 2 years with greater variety in order to tackle any photography job quickly and effectively. Intimately familiar with taking high quality digital photographs, including framing, selecting and setting up lighting,anddeterminingshutterandlensoptions.Prioritywillbegiveneffectiveand charismatic based personality. Maintaining long term relationship with different clients will be appreciable. Skills:Strong aesthetic sense such as technical knowledge of multiple camera technologies and shutter and lighting moulding in accordance with photo required by clients. I have various positive skills as like extensive communication, co-operation and also enriched with critical handling of situation, analytics and strong attention on any scenario. Work experience: Photographer (2 years of working experience) I had previously worked with GRM global advisory, who deals into providing client service for taking photographs for seminar's, events, any product launch by client company or statutory meeting by world leaders. Through this opportunity, I learnt on capturing photo as directed or needs to be certified before releasing to press platform. I have gained command over taking
most accurate shot and photo as like building scenario of specific events. I got enrichment over edit based software such as adobe Photoshop, editor master etc. On that duration, I faced different clients either positive or negative to enhance my situation handling capability and also surpassed outside of client satisfaction rate. Part time: I worked as freelancer candidate for digital agencies to capture pics and shots of food item for publishing into monthly magazine of London culture central. In that period, I worked on several independent project such creating cover page for magazines, cover book, newspaper etc. Through this, I got positive enrichment into my career fulfilment. Education:I have done with Bachelor of Art in digital photography from University of London. Hobbies and interest:From past till now, my major interest is photography and I am super existed to have long live career in this field. Apart from this, my hobbies are singing, playing guitar, reading novels and books etc. Extra-curricular:I also engaged in donation/charity work such as clothes, food to orphanage kids, regulate operation related to development of human power in central Africa etc. My experience was being pleasured and blessed. The below structured CV would assist Men's health magazine to hire most charismatic personality and gestured person for role of photographer. HR manager needs to be positive, while evaluating such self-explained Curriculum vitae.
CONCLUSION From the above report, it has been concluded that human resource management and its practices has led to effective working of an organisation along with goals & targets accomplish. Clear-cut purpose and scope for HRM has resulted business entities to resourcing manpower and other valuable in an effective manner (Daley, 2012). It has been resulted into effective work- force planning. Also, complete analysis of strength and weaknesses of recruitment and selection has made this process resulted based with right hiring of an employee. Benefits of different HRM has played necessary role in creating collective trust and faith among employer and employee at productive basis. Lastly, HRM has been resulted into making management of the company effective with increased resources or manpower.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
REFERENCES Books and Journals Barney, J. B., Ketchen Jr, D. J. and Wright, M., 2011. The future of resource-based theory: revitalization or decline?Journal of management.37(5). pp.1299-1315. Bloom, N. and Van Reenen, J., 2011. Human resource management and productivity.Handbook of labor economics.4. pp.1697-1767. Bröckermann,R.,2012.Personalwirtschaft:Lehr-undÜbungsbuchfürHumanResource Management. Schäffer-Poeschel Verlag für Wirtschaft Steuern Recht GmbH. Cloke, P. and Park, C.C. Eds., 2013.Rural Resource Management (Routledge Revivals). Routledge. Daley, D.M., 2012. Strategic human resources management.Public Personnel Management, pp.120-125.Glendon, A.I., Clarke, S. and McKenna, E., 2016.Human safety and risk management. Crc Press. Gatewood, R., Feild, H. S. and Barrick, M., 2015.Human resource selection. Nelson Education. Iles, P., Chuai, X. and Preece, D., 2010. Talent management and HRM in multinational companies in Beijing: Definitions, differences and drivers.Journal of World Business. 45(2). pp.179-189. Jackson, B. and Parry, K., 2011.A very short fairly interesting and reasonably cheap book about studying leadership. Sage. Lewis, J.A., Packard, T.R. and Lewis, M.D., 2011.Management of human service programs. Cengage Learning. Ployhart, R. E. and Moliterno, T. P., 2011. Emergence of the human capital resource: A multilevel model.Academy of Management Review.36(1). pp.127-150. Sirmon, D.G. and et. al., 2011. Resource orchestration to create competitive advantage: Breadth, depth, and life cycle effects.Journal of Management. 37(5). pp.1390-1412. Vörösmarty, C.J. and et. al., 2010. Global threats to human water security and river biodiversity. Nature.467(7315).pp.555-561. AlShobaki,M.J.,2017.ImpactofElectronicHumanResourcesManagementonthe DevelopmentofElectronicEducationalServicesintheUniversities.International Journal of Engineering and Information Systems. 1(1). pp.1-19. Brewster, C., 2017. The integration of human resource management and corporate strategy. In Policy and practice in European human resource management (pp. 22-35). Routledge. Batarlienė, N., 2017. The impact of human resource management on the competitiveness of transport companies. procedia Engineering. 187. pp.110-116. Zhang, J. and Wu, W.P., 2017. Leveraging internal resources and external business networks for newproductsuccess:Adynamiccapabilitiesperspective.IndustrialMarketing Management. 61. pp.170-181.
França,A.andRua,O.L.,2018.Relationshipbetweenintangibleresources,absorptive capacities and export performance. Tourism & Management Studies. 14(1) pp.94-107. Paulova,I.,2017.KNOWLEDGEMANAGEMENTSFORIMPROVEMENTTHE COMPETITIVENESS OF ORGANIZATION. Annals of DAAAM & Proceedings. 28. Edalat, F. D. and Abdi, M. R., 2018. Concepts and Approaches of Main Water Managements. InAdaptive Water Management(pp. 11-19). Springer, Cham. Online Recruitment&SelectionHiringProcess.2015.[online].Availablethrough: <https://hr.ucr.edu/recruitment/guidelines/process.html>.