Human Resource Management in Finsbury company : Report

Human Resource Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1 ...........................................................................................................................................1
P.1 Purpose and functions of human resource management ......................................................1
P.2 Strengths and weakness of the recruitment and selection approaches..................................2
P.3 Benefits of HRM practices for employer and employee......................................................4
P.4 Effectiveness of HRM practices to increase the revenues and productivity .......................5
P.5 Importance of employee relations which impact HRM decisions........................................6
P.6 Key elements which impact HRM decision making.............................................................7
TASK 2 ..........................................................................................................................................8
P.7 Application of HRM practices in work related context .......................................................8
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Human resource management is managing of people and resources in the firm. It can be
done through proper recruitment, selection,c compensation and training of employees. Hence
organization can easily achieve the objectives and goals. Thus it can earn more profits and can
increase the satisfaction level of all consumers. Report discusses about the Finsbury company
which is a retail firm. It is founded in 1869 (Armstrong and Taylor, 2014)Organization sells
many products such as grocery items and other predicts such as clothes,hardware etc.
Assignment explains about the purpose, functions of human resource management and the
strengths and weakness of recruitment and selection. Project discusses about the benefits of
personnel practices for both employer and employees and effectiveness of these practices to
increase profits and productivity. Report discusses about the importance of staff members
relation and the key elements of employment legislation which impact the HRM decisions.
Assignment explains about the application of personnel practices in workforce planning.
TASK 1
P.1 Purpose and functions of human resource management
Company has to recruit educated employees so that it can achieve the organisational
goals. Purpose of HRM in Sainsbury firm are (5 Major Functions of Human Resource
Management, 2018)-
Reduces employee turnover – Human resource manager delegates all responsibilities to all
employees so that they can understand their work and can perform better. They motivate all staff
members and hence their enthusiasm level increases. Thus workers can give best results.
Through this they continue to work in same company and do not left firm.
Reduces the conflicts – Human resource manager tries to communicate with all employees and
solves all their issues and problems. Hence it reduces the conflicts in the organization. As a result
all staff members can easily understand each other in a better manner and can work efficiently
and effectively. Thus all workers can give good results.
Recruitment and termination – Organization can select qualified,skilful and talented
employees so that they can give best results and firm can easily achieve the objectives Thus it
improves the quality and quantity of work which helps in increases productivity of firm. Hence it
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