Human Resource Management ALDI - Essay

Added on - 21 Jul 2020

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HUMAN RESOURCEMANAGEMENTTable of Contents
INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and functions of HRM applicable to workforce planning........................................1P2 Strengths and weaknesses of different approaches to recruitment and selection.................2TASK 2............................................................................................................................................4P3 Benefits of different HRM practices for both the employer and employee...........................4P4 Effectiveness of various HRM practices................................................................................6TASK 3............................................................................................................................................7P5 Importance of employee relations in decision making..........................................................7P6 Key elements of employment legislations impacts on decision making...............................8TASK 4............................................................................................................................................9P7 Illustrate the application of HRM practices...........................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONHuman resource management is mainly concerned with recruiting, hiring, retention,perks, performance and change management and managing the organization's staff. Its main aimis to maximise productivity and profits of an organisation by utilizing talents and skills of theiremployees. It also deals with managing employee relations and personal management (Alarcon,2011). Aldi is a retail store which was founded in 1913 by Karl Albrecht and Theo Albrecht.They offer highest quality of products at lowest and economic price. It has 10,000 stores over 20countries. This assignment will focus on the purposes and functions of HRM in Aldi. Strengthsand weaknesses of HRM will also be discussed along with their approaches and its effectivenessin raising organizational profits.TASK 1P1 Purpose and functions of HRM applicable to workforce planning.ALDI is a big company where large number of employees are working. For betteroutputs, its important to manage the workers effectively. To do that it is necessary to implementHRM functions to plan better strategies for both, employees and for organisation. Thesefunctions ensures better working by employees which leads to more benefits and profits tocompany. Various functions of human resource management are described below:Operative Functions.Recruitment:-This is the major task that a HR manager has to go through. A lot ofplanning and attention is required to hire talented and capable employee. It mainly involvesattracting, short-listing, selecting and appointing suitable candidate for a particular job(Armstrong and Taylor, 2014).Training and development:-HR is mainly responsible for on the job training. Trainingcan be given to new employees or existing employees. It is mainly given to enhance skillsrequired for performing that job. Fresher training is given to new joiner to make them knowabout that job. HR manager provide them necessary training to make them understand theprocess and make it easy for them to work properly. During process of training and development,results are monitored and measured to find out whether employees are acquiring that skills ornot.
Compensation and benefits:-A company can achieve its goals and objectives if theyhave attractive plans of compensations and providing their employees with benefits. These plansmotivate employees to work more and get more benefits which ultimately leads to achievementof goals. Some benefits which are given by company are medical benefits, maternal leaves,working hour flexibility etc.Performance appraisal:-Performance of an employees is evaluated by HR of thatcompany. Its help the manager to find out whether employees are working is a right manner andachieve goals and objectives of organisation. They also assess whether any employee needs anyimprovement is any field (Bhamra, Dani and Burnard, 2011).Managerial FunctionsPlanning:This is very necessary step in setting up goals and objectives for organisationin a proper manner. Effective planning helps to get more profits and outputs. Planning is doneafter understanding internal and external factors which can effect the productivity oforganisation. HR manager should be aware of both market and strategic goals of company, thenonly they can make good plans.Organising:This function involves designing and developing the structures of company.In this employees are grouped in different positions or activities they will be performing.Different tasks are assigned to different persons. Then delegate authority are assigned as pertasks and responsibilities.Directing:This help in directing employees to achieve goals in better way. It is a greatchallenge for a manager to get their work done in a specified manner. They have to keep onmotivating employees for better work done by them.P2 Strengths and weaknesses of different approaches to recruitment and selection.Recruitment is a management function which appoints desired candidates whereasselection is a process of interviewing and evaluating candidates for a particular job position.Recruitment is a positive process and selection is a negative process as it only hires desiredcandidates and eliminate others. There are mainly two types of recruitment sources, they are:internal and external sources (Bratton and Gold, 2017).Internal sources is a process where job position is filled from inside the company and itincludes - job posting and bidding, promotions and transfers, employee referrals, re-recruiting former employees and applicants and internal recruiting data base.2
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