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Importance of HRM in Organizational Success

   

Added on  2023-01-03

15 Pages3864 Words20 Views
Human Resource
Management
Importance of HRM in Organizational Success_1
Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
P1. Explain the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation..........................................................................................................3
P2. Explain the approaches to recruitment and selection process with their strengths and
weaknesses..................................................................................................................................4
TASK 2............................................................................................................................................6
P3. Explain the benefits of different HRM practices within the organisation for both the
employer and employee..............................................................................................................6
P4. Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity.................................................................................................................7
TASK 3............................................................................................................................................7
P5. Analyse the importance of employee relations in respect to influencing HRM decision
making.........................................................................................................................................7
P6. Elements of employment legislation and affect upon HRM decision-making.....................8
TASK 4............................................................................................................................................9
P7. Illustrate the application of HRM practices in a work-related context, using specific
examples......................................................................................................................................9
CONCLUSION .............................................................................................................................14
REFERENCES..............................................................................................................................15
Importance of HRM in Organizational Success_2
INTRODUCTION
Human resource management defines as the department which is responsible for
recruitment, selection, training and orientation in the organisation is called Human resource
management.(Solomon, Steyn, 2017). There is a significant importance of HRM in successful
running of the business. It also responsible for fuller and effective use of employees in the
organisation for the achievement of business goal. Mark&Spencer is the chosen organisation for
this report. It is a British company deals in food products, home product and cloths. Company is
founded by Michael Marks in 1884. Its headquarter is in London, England. It is currently
operating 959 stores in the UK. This report will cover the purpose and various function of human
resource management and strength&weakness of different approaches to recruitment and
selection process. Furthermore, it will explain the contribution of HRM is development of the
organisation and earning more profitability. It will explain the key elements of employment
legislation and impact upon decision making.
TASK 1
P1. Explain the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation.
Human resource management is responsible for resourcing an organisation with the
efficient staff that can contribute in the achievement of the organisational objective. It is the most
essential asset of the business and employees are the only aspect by which organisation can not
be run. (Triana, 2017). So it is very important to have concern with the human resources in
Mark&Spencer.There are various functions and purpose of HRM in resourcing an organisation
are follows:
Purpose of HRM:
The main purpose of HRM is to maximum usage of manpower for successful
achievement of the business goal.
HRM helps in organisational development as hiring skilled and knowledges employees
for their organisation.
HRM also focuses on strict code of conduct in relation to labour law that all the law
should be followed in a right manner.
Functions of HRM:
Importance of HRM in Organizational Success_3
HRM is responsible for performance appraisal of the employees so that employees can
evaluate themselves in the work place.(Loon, 2016).
It also helps in learning and development of employees by organising various training
sessions and seminars.(Seo, 2017).
It also perform effective recruitment process in the achievement of business goal by
hiring a efficient manpower in the work place.
P2. Explain the approaches to recruitment and selection process with their strengths and
weaknesses.
Recruitment is a process of preparing a job description, finding the interested candidates,
processing of applications, selecting the potential candidate, appoint that person and do
induction, orientation, training and development in the organisation. It is the first step of creating
strong team in Mark&SPencer. Approaches to recruitment are as follows:
Internal sources:
These are the internal sources of hiring the employees in the organisation in which
recruiter hire the person from their company itself for filling the vacancy with the internal
references of the employees and the management. there are various method of internal sourcing
are follows:
Internal advertisement- The advertisement within the work place for hiring a person is
called internal advertisement. This involve new letters, emails and forms.
Promotions- It is the process of giving job to the candidate at higher level or Increasing
their post that will leads to increase in salary of the employees.
Transfer- This is a process of hiring the person from other branch of the company. It is a
horizontal process.
Strengths of Internal recruitment
There is no need of training the employees. They are well aware of function of
organisation.
This process motivates others to work hard for the promotion and get higher pay scale.
It is easy to hire best talent within the organisation.
Weaknesses of Internal recruitment
Restrict the entry of young talent.
Demotivation among other employees after see their co-worker at higher post.
Importance of HRM in Organizational Success_4

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