Human Resource Management Assignment - (Solution)
23 Pages5496 Words490 Views
Added on 2020-10-05
Human Resource Management Assignment - (Solution)
Added on 2020-10-05
ShareRelated Documents
Human ResourceManagement
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................2P1 purpose and function of HRM...........................................................................................2P2 strength and weakness of recruitment and selection ........................................................3TASK 2............................................................................................................................................6P3 use the different HRM practices and also define employee or employer benefit.............6P4 Effectiveness of different HRM practices undertakes by Barclay's..................................8TASK 3..........................................................................................................................................11P5 Importance of Employee relation ...................................................................................11P6 Key elements of Employment legislations......................................................................12TASK 4..........................................................................................................................................13P7 HRM Practises in a work related context........................................................................13CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................20
INTRODUCTIONHuman resource' management is the process of managing the people through hiring, selecting,recruiting, providing training, etc. Human resource management supports organization inmanaging the people effectively so that they can help firm to achieve business objectives andgain competitive advantage. Report will lay emphasis on the human resource management ofBarclay’s bank which is British multinational investment bank. Barclay is divided into four corebusiness that is personal banking, Wealth management, investment management, corporatebanking. There headquarter is in London United Kingdom. Report will emphasise on the purposeand functions of HRM that affects the company growth. It will also present different approachesof recruitment and selection. Report will focus lay on the different selections methods thatcompany follow and their advantages or disadvantage. Study will define the different HRMpractices and their benefit (Fernando, 2015). It also describes benefits of different HRMpractices to Employee and employer. Report focuses on the importance of employee relation.And define the different legalisation which is followed by the company and also define the jobspecification or person specification.1Figure 1: BarclaysSource: (The turing trust, 2018)
TASK 1P1 purpose and function of HRMHuman resource management A human resource management is the process of managing the people in an organization. It isdesign to maximize the performance of employee. This process helps in managing the employeeby providing effective training and hiring efficient talent. It helps in maximizing the employeeperformance for achieving the goal and objectives of the company.Function of HRMRecruitment and selection Recruitment and selection is the process of hiring the best and qualified person to the job.Barclay bank use this function for the purpose of select the qualified person to their job and alsothey can use the different methods to select the employee. Also, they help in selecting the bestcandidate for a particular job. So recruitment and selection process is help to Barclay for choosethe best person to their business. Main purpose of recruitment and selection is to Attract andempower an ever increasing number of applicants to apply in the organization. (Fernando, 2015)Performance appraisalPerformance appraisal is the function that's motivate the employee by providing the benefits' likepromotion, bonus, incentives, provide a feedback to employees regarding their performance etc.Barclay use this function for the purpose ofincreasing the motivation to their employee.(Nankervis, 2016) So this helps company for increase the performance of employee for achievethe goal of the company. Main purpose of performance appraisal is to achieve better workperformance for all the employees. Training and developmentTraining and development is the main function to motivate the employee or increasing theknowledge or skills to perform their job effectively (Vöge, 2017). Barclay use this function forthe purpose of build the knowledge and improve the skills in the employee for providing thetraining. In addition, they also provide the training experiencing or inexperience person whichprepare the employee for take the higher level of responsibility. Main purpose of training anddevelopment is to strengthen skills that each worker require. Hard HRM2
Hard HRM means that they use their employee as an important resource of the company. Barclaybank uses the employee as a resource as they pay wages according to their skills. Managers aredescribing all the responsibility to their employee according to their qualification and experience.So Barclay follow the autocratic leadership style means all rules and decision are describing bythe leaders or managers. The focus of hard HRM is on the task that needs to be done, costcontrol, and achieving organizational goalsSoft HRMSoft HRM means that employee are the main resources for the company. Barclay uses thesefunction for the purpose of improving the employee relation. That enhance the growth of thecompany. Barclay provides the employee welfare services like medical services, educationfacility, transport services etc. That is affecting the growth of the company and help to expandingthe future growth. (Fernando,2015). In this approach employee are treated nicely And also thisapproach helps Barclay to satisfy employee with their job which makes their performance betterand help the business for achieving the future growth.P2 strength and weakness of recruitment and selection Recruitment Recruitment is the process of hiring, selecting, short-listing to the qualified person who aresuitable for the job. In addition, recruitment process is help to organization which is select theright candidate for the right job through internal or external process.METHOD STRENGTHWEAKNESSInternal methodInternal method is theprocess of recruitmentthat helps company forselecting the bestcandidate within theorganization throughpromotions,transferring, jobInternal method helps toincrease the morale ofemployee. Because theyprovide the promotion to theiremployee so employee haveimproved their efficiency ofwork or increasing the morale(Kho, 2015). So it helpscompany for enhancing theThrough internalprocess Barclay facesthe difficulty such asLack of new skills andknowledge. Whichimpacts the companyperformance asBarclay cannotgenerate the new ideas.3
rotation etc.future growth.Barclay uses this process tosave time and money that helpthem to reduce the companyoperational cost and increasethe performance of company.As Because save time andmoney for reduce the cost ofproduction that created apositive impact on thecompany future growth.So company cannotcreate innovativeproduct that affect thecompetition in themarket. Barclay promoting thenew employees thataffects the performanceof existing employees(Guide,). So otheremployeegetdisappointing and theycannot work properlyso that affect thecompany performance.And also affectrelationship betweenthe employees thatincrease the conflictamong the employees.External methodExternal method is theprocess of recruitmentthat select the qualifiedperson outside thecompany throughcampus placement,media advertisement,employee exchange,direct recruitment etc.Barclay uses the externalmethod for choose thecandidates that is benefit forcompany (Guide, ). Becausethey obtain a new person thathave a good skills and ideasthat helps to company forgather new knowledge. Orincrease a competitiveadvantage.Barclay obtains the fresh talentExternal method isvery expensive. WhenBarclay recruit theiremployee throughexternal is increase thecost or money sowhich affect theoperational cost ofBarclayBarclay use thismethod to damage the4
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Human Resource Management Application PDFlg...
|18
|5223
|60
P1. Purpose and Functions of Human Resource Managementlg...
|20
|5712
|457
Human Resource Management Limitationslg...
|18
|4835
|63
Human Resource Management at BARCLAYlg...
|18
|4920
|180
Human Resource Management - Assignment (doc)lg...
|13
|3744
|462
Human Resource Management Assignment - Barclay Banklg...
|20
|5543
|299