Human Resource Management Assignment - JP Morgan Firm
Added on 2020-10-22
17 Pages5984 Words281 Views
HUMAN RESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1 Purpose and functions of HRM and approaches internal as well as external in HRM.. .1P.2 different approaches of recruitment & selections as well its strength as weakness.........3TASK 2............................................................................................................................................6P3. Benefits of HRM practices within the firm for both employer and employee.................6P4. Evaluation of effectiveness of different HRM practices in terms of raising organizationalprofit and productivity............................................................................................................7TASK 3............................................................................................................................................8P5. Importance of employee relations in respect to influencing HRM decision-making......8P6. Key elements of employee legislation and impact it has upon HRM decision-making10TASK 4..........................................................................................................................................11P.7 Job specification, person specification of employee......................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONHuman Resource Management is the art of recruiting, deploying, hiring and managingthe organization's employees (Human Resource Management. 2019). These employees are thehuman resources for an organization. The organization here given is JP Morgan Firm which isbased in central London. This report is based on the task assigned to a newly recruited humanresource assistant at firm. In this report, purpose and scope of human resource management interms of resourcing an organization with talent and skills is explained. Evaluation ofeffectiveness of key elements of HR manager is done. Apart from that, internal and externalfactors that affects human resource management decision-making including employmentlegislation is also done. In the end, application of human resource management practices in awork related context is also done.TASK 1P.1 Purpose and functions ofHRM and approaches internal as well as external in HRM. Human resource management is essential for organisation to have proper planning,making strategies as well as planning for employee become easy (Al Ariss, A., Cascio, W. F. andPaauwe, J., 2014). HRM is majorly focused on issues related torecruiting, staffing, providingcompensation to its employee, employee relation, organisational development as well as trainingto its employee. HRM is involved in developing as well as in administering programs which areactually designed for effectiveness of an organisation through which profit will be increased. TheJP Morgan have to make appropriate department for HRM as well as HR required to beappointed through which these activities will be manage. This includes appropriate spectrum ofmanaging, creating and cultivating employee and employee relations. Its very much essential fororganisation to understands the basics of company through which managing will be improved.Purposes of the Human Resource Management are:-Its HR manager of JP Morgan who need to identifies job vacancy which is available intheir company. If there is no vacancy available so then they have make sure thatworkshould be done proper by employees. The productivity of organisation have direct influence upon quality of employees as ifemployee turn over rate increase then automatically productivity of company willincrease. The internal customer management is done through HR manager of JP Morgan.
HR manager of JP Morgan is also need to make budget plans as well as performancegoals for organisation employees. Its essential for organisation to make employees getaware their roles which is duty of a HR of a company. HR manager of JP Morgan select the recruiting criteria on which basis employees arehired in company. The appropriate culture of organisation is also maintained by themonly through which they are been able to maintain proper working environment foremployees of the organisation. Roles and Responsibilities of HR manager are :-Recruiting:- Its HR manager of JP Morgan who need to identifies appropriate talent forright job in company (Albrecht and et. al., 2015). As they are responsible for attractingaccurate talent placed them in a right job in organisation through which productivity ofcompany will increased. Training:- Its their responsibility to provide training to new hired employees and makethem aware about new culture of organisation by which it become easy for them to dowork in an appropriate manner (Rothwell, W. J., Hohne, C. K. and King, S. B., 2018).Functions of HRM Recruitment & Selection:- Recruitment is a process through which people are hired inorganisation according to their capabilities and role company offered. The JP Morgancompany HR manager hire people as per capability (Bloom, N., Sadun, R. and VanReenen, J., 2015). The process is done through captivating, screening, selecting potentialas well as the qualified candidate for particular job. After recruitment appropriateselection process is going in which organisation select desired candidate for organisation.Orientation:- HR manager of JP Morgan is going to provide orientation to its employee(Armstrong, M. and Taylor, S., 2014). As its a fundamental step through whichemployees get themselves adjust in new organisation. In this employees are also getaware about things through which they get aware about short as well as long term goalsand work is required to achieve goals. Maintaining good working condition:- Its a responsibility of HRM to makeorganisation working condition good as through this employees are get comfortable to dowork so that employees like working environment as well as workplace (van Woerkom,M., Bakker, A.B. and Nishii, L.H., 2016).
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