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Human Resource Management - Ford Motors Company

   

Added on  2021-02-20

22 Pages5588 Words560 Views
Human Resource Management

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................4L O 1................................................................................................................................................4P1) Objectives and functions of HRM. .................................................................................4P2) Methods of recruitment and selection. ............................................................................7L O 2................................................................................................................................................9P3) Advantages of practises of HRM. ...................................................................................9P4) Effectiveness of practises of HRM................................................................................11L O 3..............................................................................................................................................12P5) Importance of employee relations in the respect to influence decision-making............12P6) Key elements of employment legislations and their impact on decision-making.........13L O 4..............................................................................................................................................14P7) Application of HRM Practices in a work-related context..............................................14CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20

INTRODUCTIONHuman Resource Management refers to the process of managing the employees of theorganisation. Human Resource Department of the company is responsible for performing all thefunctions of Human Resource Management such as recruitment and selection, developingrewards and compensation system, performance appraisal system etc (Coller, Cordero, G. andEchavarren, 2018). The Report will be based on Ford Motors Company. The company belongs toauto-mobile industry. It was founded in year 1903 by Henry Ford. Key products offered by thefirm are Luxury vehicles, Parts of auto-mobiles etc. The headquarter of Ford was located inMichigan, US. There are various types of services that company provides such as Vehicleleasing, Automotive financing across the whole world etc.The Report will outline various functions and objectives of HRM that are related with workforceplanning, strengths and weaknesses of various methods of recruiting and selecting employees.The Report will also describe various advantages of practises of HRM such as training anddevelopment etc. for employees and company and its role in improving productivity of thecompany. The Report will also explain various elements of legislation related with employment,employee relations that affects decision-making of Human Resource Manager, use of HRMpractises in context of work etc.MAIN BODYL O 1P1) Objectives and functions of HRM. Human Resource Management - It is related with the method of hiring the candidates for filling vacant job position,managing the employees of the firm with the help of various policies and programs. So that, theobjectives of the firm can be achieved in effective manner(DeCenzo, Robbins, S.P. and Verhulst,2016).Purpose of HRM- There are various objectives of Human Resource Department of Ford behindmanaging the human resource of the company. These are as follows-To promote the effectiveness and efficiency in the functions of functional departments ofthe firm.

Another major objective behind HRM is to hire skilled workforce and providing themadequate training and development opportunities. So that, loyal employees will retain forlong period.Functions of HRM- Human Resource Manager of Ford plays an important role in performing variousfunctions of HRM and these functions are divided in two categories. Such as-Managerial functions-Planning-Human Resource Department of the firm is responsible for conducting workforce planning sothat, right number of employees can be hired for vacant job position.Directing-Figure 1Functions of Human Resource ManagementSource : (Functions of Human Resource Management, 2019)

Human Resource Department of Ford helps in providing direction to the efforts of theemployees. So that, objectives of firm can be achieved.Operative functions-Recruitment-It is one of the important function of Human Resource Department of the company to attractlarge number of talented candidates for applying for vacant job position in the firm.Training and Development-Human Resource Manager of the firm is responsible for providing training and developmentopportunities to existing as well as to new employees (Kew, J. and Stredwick, 2016). Workforce planning-It refers to the process of forecasting the demand of employees in the organisation in future aswell as to determine the sources from where the demand can be fulfilled. It also involvesanalysing the gap between demand and supply of workforce to ensure that firm will hire rightnumber of candidates at vacant job position according to their skills. Human Resource Department will apply PESTLE analysis to evaluate the factors that mayimpact workforce planning. These are as follows-PESTLE-Political-Political factors plays an important role in workforce planning by Human Resource Departmentof Ford. Rules and regulations of Government of UK in respect of employment will affect humanresource practises of the company. The view of Government towards foreign investment willimpact the decision of Human Resource Department of Ford in respect of forecasting therequirement of employees as a part of workforce planning. Brexit has also create an impact on decision making of HR department of Ford. Due to Brexit,HR Manger of the company have to attract and retain the talented employees, it will also impactthe management of workforce in the firm (Wilton, 2016) . Brexit has impact the decision makingrelated with HR, Labour market will support the movement of skilled and unskilled employeesbetween different countries and it will provide Ford the access to talented workers from othercountries also.Economic-

There are various economic factors that may impact workforce planning by HR department ofFord. These factors includes rate of tax, level of economic growth, disposable income ofcustomers. For example- The availability of funding in the country will affect investmentdecisions as a result it will also affect the workforce planning regarding the number ofemployees required.Social-There are various social and cultural factors that can impact the decision making of HRdepartment of Ford in respect of number of employees required for performing different rolesetc. Demand of customers in respect of auto mobiles will impact the process of production anddistribution(Cascio, 2015). Therefore, company will have to recruit talented workers to fulfil thedemands of buyers.Technological-Auto-mobile industry in UK is experiencing various changes in respect of production anddistribution of vehicles for the customers, rate of changes in the technology etc. Human ResourceDepartment should consider technological factors while forecasting the demand of workforce inthe company. It is necessary that, HR department should recruit the employees that are aware ofadvance technology(Gilbert, De Winne, S. and Sels, 2015).Legal-It include factors like conducting business in ethical manner, there are various laws related withworkers such as law related with safety etc. HR department of Ford should consider the impactof these laws during workforce planning.Environmental-Company should consider environmental factors while performing workforce planning such ashow the workers will work safely in case of extreme weather etc.P2) Methods of recruitment and selection. Recruitment- It is one of the important function of Human Resource Department of the company. Itincludes attracting the right number of employees so that, they will apply for vacant job positionin the firm. HR department of Ford will use different methods of recruiting employees(Brewster,Chung, C. and Sparrow, 2016). Such as-

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