P7.The application of HRM practices in a work-related context

Human Resource
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1.Purpose And the functions of HRM, applicable to workforce planning and resourcing. .1
P2.Strengths and weaknesses of the different approaches to.................................................4
recruitment and selection.......................................................................................................4
TASK 2............................................................................................................................................6
P3.Benefits of different HRM practices within the firm for both
the employer and employee...................................................................................................6
P4.Evaluation of the effectiveness of the different HRM practices in terms of raising
organisational profit and productivity ...................................................................................7
TASK 3............................................................................................................................................8
P5. The importance of employee relations in respect to influencing HRM
decision-making....................................................................................................................8
P6.Identify the key elements of employment legislation and the impact it upon HRM
decision-making.....................................................................................................................9
TASK 4..........................................................................................................................................10
P7.The application of HRM practices in a work-related context.........................................10
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Human resource management is the process of hiring, choosing, including employees,
imparting training and development and organising orientation, appraising the performance of
employees, motivating employees and deciding compensation or providing benefits. It is an
strategic approach to the effective management of people in an organisation so that they can help
the company to gain a competitive advantage. This report is based on J. P. Morgan company, it is
an American multinational investment bank and financial services company (Alfes, Shantz,
Truss and Soane, 2013). It is founded by John Pierpont Morgan in 1 December 2000 in New
York city. In this assignment explained about the main objective of HRM is hiring employees in
an organisation with talent and skills. Evaluation of the effectiveness of the key elements or
factors that affect human resource management are also defined and HRM practices are
described in report. Different key elements of employment legislation such as data protection,
equality law, diversity etc. and their impact upon HRM decision making are explained in the
report. The application of HRM practices in a work related context such as job advertisement,
job specification document, person specification document and CV are also clearly described in
the assignment.
TASK 1
P1.Purpose And the functions of HRM, applicable to workforce planning and resourcing
HRM is a department of a company and firm that organise recruitment and selection
process of the staff and it also focus on the business, ensuring best work practices are in place at
all times. In JP Morgan, it is important to managing the employees for doing their work that they
do for achieving objective and growth of the organisation (Alfes, Shantz, and truse, 2013)
Workforce planning
It is a technique which is applied by employers to meet with the workers and employees
needs. There are three steps of workforce planning such as annually plan, quarterly or monthly
and short term plan which do weekly to achieve business objectives and goals or aims
(Armstrong and Taylor, 2014).
Functions of HRM
1