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Human Resource Management (Assignment)

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Added on  2020-12-30

Human Resource Management (Assignment)

   Added on 2020-12-30

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Human Resource Management
Human Resource Management (Assignment)_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Purpose and the functions of HRM, applicable to workforce planning and resourcing...3P2 Strengths and weaknesses of different approaches to recruitment and selection..............5TASK 2............................................................................................................................................7P3 Benefits of different HRM practices within an organisation for both the employer andemployee.................................................................................................................................7P4 Effectiveness of different HRM practices in terms of raising organisational profit andproductivity.............................................................................................................................8TASK 3............................................................................................................................................9P5 Importance of employee relations in respect to influencing HRM decision-making.......9P6 Key elements of various employment legislation and the impact it has upon HRMdecision-making...................................................................................................................10TASK 4..........................................................................................................................................12P7 Illustrate the application of HRM practices in a work-related context...........................12CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONHuman resource management is an area of management, which has been regulated &controlled to protect working decorum in any business environment. This area of managementhas been initiated for effective working and conducting of HR policies and formulated workingwith profit objectives of every organisation (Bröckermann, 2012). In the current scenario, HRpractices involves training & development, orientation of new employee, pay-roll, etc. Thisanalytical report will be carried on Barclays bank, which is the British multinational investmentbank and financial services based in London, UK. Apart from this, Barclays is organised intoFour 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 planningand resourcing an organisation along with explaining strength and weaknesses of differentapproaches to recruitment and selection. Also, report will consist of benefits of different HRM practices for both employer andemployee and evaluating the effectiveness of different HRM practices in an organisationalcontext. Lastly, this analytical report will cover concept of employee engagement and role ofemployment legislation in effective HRM decision making. TASK 1P1 Purpose and the functions of HRM, applicable to workforce planning and resourcingHuman Resource Management is considered as the process concerned with recruitingselecting providing training and development, deciding compensation and maintaining properrelations with the employees (Van Reenen, 2011). It is a strategic approach which focuses onmanagement of people effectively in the organisation. Strategic Human Resource Management is the process of linking human resourcefunction 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 SHRM is to enhance flexibility, innovation and aids competitiveadvantage to the company.Nature and Scope of Strategic HRM:As it is concerned with respective company's human resources it assists the company toadvance flexibility and innovation in its business operations and provides a competitive
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advantage (Bloom, 2016). It has a wider scope associated with recruitment and selection ofemployees, as well as improves cooperation between HRM department and the line managers.Purpose and functions of HRM in workforce planning and resourcing:HRM plays a crucial role in attain best employees according to requirement oforganisation by accessing demand. Purpose of HRM:There are many purposes to adopt HRM in organisational development that are asfollows:Employee engagement:HRM work for making good relationship with their employees by keeping each andevery aspect up to date. With it concern about their salary, incentives and other benefits that givethem motivation. Time to time they organise different meetings and conferences in whichemployees can elaborate their concern in better manner.Employee development and training:HR is responsible and its main purpose is to give appropriate knowledge so thatemployees can give their best in organisational development. Training is very important attributein organisational growth and enhancement. In case of Barclays bank when new laws andregulations come in organisation they give important knowledge to them.Performance appraisal:Performance appraisal is concerned with evaluation, development discussion foremployees that increase their motivation level and they are able to give their best.This allowsemployees at respective bank to perform their task properly and get feedbacks by the managersto improve their performance and attain organisational goals. Functions of HRMRecruitment and selection:The main function of HRM to select best candidatesaccording to organisation need and select them by adopting various methods. It mainpurpose is to attract qualified candidates which could be retained in the organisation forthe long time period and assist the respective bank in attaining the desired outcomes.Training and development:HRM play important role in organising training differentactivities while selecting candidates by giving orientation program to make comfortablewith working environment. In case of Barclays bank HRM should provide necessary
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