Human Resource Management Report

Running Head: HUMAN RESOURCE MANAGEMENT
Human resource
management
Report
Student name
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HUMAN RESOURCE MANAGEMENT 1
Introduction
This report is focused on issues faced by Thames building society. Despite having all department
such as manufacturing, finance, marketing and HR, management is not able to reduce down the
turnover ratio of employees in the organization. This report is also focused on the key objectives
of human resource management in the organization. In addition to this, it is also focused on
human resource planning which can improve the present situation of Thames building society.
This human resource planning will include all the important aspects which can improve the
current performance of the employee in the organization (Marler and Parry, 2016). It is also
focused on the link between HR management and organizational performance so that necessary
change can be implemented in order to reduce the gap between employees and management. In
addition, this report is also including possible suggestion which can improve the present situation
of the organization and help the management to bring positivity in the employees.
Purpose and main objective of HRM (500)
Human resource department plays a very important role in the progress of the organization by
handle issues related to individuals working in the Thames building society. The main purpose of
HR department is to maintain a positive work environment in the organization so that employees
can perform better in all situations. In addition, purpose of HRM is to understand the rules and
regulations associated with the employee benefits it may be wages or other benefits which are
linked with the motivation of the employees (Schutte, Barkhuizen and Van der Sluis, 2015). In
addition, it is also purpose of HRM to re-engineer the present approaches in order to make
employees more connected with the new business strategies. This will ensure strong internal
strength of the organization in the business environment. In this situation, human resource
management plays a significant role by focusing on important aspects associated with
employees. Human resource management helps in resolving issues such as ineffective training to
employees, need of advanced skills, conflicts as well as cooperation between employees as well
as other departments. In addition to this, human resource management main objective is to focus
on the market wage standard in order to offer the best suitable wage to their employee in order to
keep them happy (Ali, Metz, and Kulik, 2015). Human resource management is also focused on
resolving possible conflicts which can arise in the organization setting during the work process.
In most of the cases, it has been seen that conflicts play the major role in decreasing the
performance of the employees because employees see other employees as competitors and do not
offer their cooperation to complete the task. It is one of the most important responsibilities of
human resource management to connect the organization objective with the goal of the
individual so that a close node can be developed between employees and management. The
purpose behind this objective is to introduce effectiveness and efficiency in the business
operation of the organization which will help in improving the present performance of the
Thames building society. Another objective of human resource management is to interlink all the
departments of Thames building society with the help of effective business communication
(Fındıklı and beyza Bayarçelik, 2015). Another important objective of human resource

HUMAN RESOURCE MANAGEMENT 2
management is to maintain the ethical and legal aspects within the organization setting. The
purpose is to eliminate the chances of miss conduct within the business operation in order to
maintain a positive work environment in this organization. One of the biggest objectives of
human resource management is to understand the change in the external environment. Change
can be related to technology, environment protection, and another financial aspect so that it can
evaluate the internal strength of the organization and introduce necessary change in order to
compete with this changing environment (Stubelj et al., 2017). In this, human resource
management first shares the reason for this change with their employees in order to eliminate the
chances of resistance related to this change. This helps in creating a positive work environment
which offers a platform to introduce positive change in the internal setting of the organization.
Human resource planning (600)
At present situation, Thames building society is suffering from performance issues related to
employees are not skilled enough to break the deal and are in great need of improvement in
order to fulfill the gap between expectation and reality. Low wages related to market standard
has boosted employee turnover ratio in the organization and HR department has no effective
policy in order to retain their employees (Baran, Filipkowski and Stockwell, 2018). In order to
improve the present situation of Thames building society, one of the best options is to create
human resource planning. In this plan, management will follow the number of steps and try to
connect them with same business objective. In addition to this, organization is also suffering
from sales issue because employees are not able to perform better. Other departments are
blaming that HR department is not working effectively (Chuang, Jackson and Jiang, 2016). In
addition to this, HR department is also considered responsible for creating a negative impact on
the present situation of the employees. First step is to develop an objective, in this step objective
of management must be to improve the skill set of the employees so that they can perform better
in the organization (Baum, 2018). Employees will be segregated on the base of their performance
and will be offered necessary training related to their improvement. In second step will
understand the exact requirement of manpower and then plan the recruitment process according
to the need so that skills cannot be compromised. Next step is to analyze the current need for
improvement in the skill set in order to match the future demand. This will help in understanding
which skills set will be a good match with what kind of task in order to increase efficiency
(Salehi-KordAbadi et al., 2019). In this step, management will develop a plan related to the
recruitment process so that only the best suitable employee gets selected which can contribute
towards the improved performance of the organization. Next step is to explore the gap between
expectation and reality of skill set an employee is having so that best suitable action can be
planed as per the current requirement. Then employees will be offered proper training related to
the required skill in order to close this gap between expectation and reality of employees (Olson
et al., 2018). It will help the employees to acquire new skills which will help them to perform
better. One of the most important steps in this human resource planning is to develop more
positive work environment in the workplace of Thames building society so that employee will