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Report on Human Resource Management : Aldi company

   

Added on  2020-06-06

13 Pages4225 Words46 Views
Professional Development
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HUMAN RESOURCEMANAGEMENT
Report on Human Resource Management : Aldi company_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purpose and functions of HRM........................................................................................1P2. Strengths and weaknesses of recruitment and selection process......................................2TASK 2............................................................................................................................................4P3. Benefits of different HRM practices for employers and employees................................4P4. Effectiveness of different HRM practices in terms of increasing profits and productivity................................................................................................................................................5TASK 3............................................................................................................................................6P5. Importance of employee relations to influence HRM decision making...........................6P6. Elements of Employee Legislation and the impact it has upon HRM decision making..7TASK 4............................................................................................................................................9P7. Application of HRM practices in a work-related context................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONHuman resource management (HRM) is helpful in managing the most importantresources of firm, that is, the manpower. Manager can evaluate employee performance on thebasis of target objectives. The main objective of human resources includes managing peoplewithin firms, development of plans and policies as well as rewarding employees according totheir work performance. In the present report, Aldi has been selected which is the largest retailerin grocery stores and has its operations all around the globe (Armstrong and Taylor, 2014). Withreference to this organisation, various concepts related HRM will be discussed here. There willbe study about benefits of HRM practices. has been explained. Along with this, differentapproaches of recruitment i.e. internal and external is discussed. Strengths and weaknesses ofrecruitment and selection approaches along with the importance of employee’s relationship atworkplace will also be highlighted.TASK 1P1. Purpose and functions of HRMIn organisation HR is responsible to manage all resources in appropriate manner whichare used by Aldi. In this, workforce planning are playing major function because it helps them tomanage workload of employees. Purpose of HRM is defined as:The major purpose of HRM is related with recruitment, selection, training anddevelopment of employees which is significant to manage them. . Recruitment is the process ofsearching for potential employees and stimulating them to apply for the vacant position in firm.Selection involves selecting the most suitable candidate for company who is best suitedaccording to his/her skills and qualification and company’s requirements. Training anddevelopment is vital for Aldi as they are helpful in making employees familiar with the workenvironment and it results in promotion of employees. This is beneficial as need for externalrecruitment of employees reduces with the same and thus, it also motivate the employees inachieving organisation objectives. It is a cost effective technique as it is helpful in managing thepeople in an effective manner (Beloglazov, Abawajy and Buyya, 2012).Collaboration is also a vital purpose as it is helpful in making managers and HRprofessionals to coordinate and work together to achieve the desired goals of organisation. They1
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assist employees about their roles and responsibilities which they have to perform effectively soas to achieve growth in business. Employee commitment can be achieved effectively by planning of various strategies. Itis also helpful in assigning work to employees according to their qualifications. Employeesshould be well committed to specific jobs and feel challenged towards achieving their task.There are different functions of HRM at Aldi which are discussed as below:Safety: This is an important function for every business organisation. Operational Safetyand Health Act was passed in 1970. It enables employers to provide safe working environment totheir employees. It supports safety at workplaces, safe training process and mandated logs forinjury at work place. Risk specialist and safety are closely linked with HR benefits to manage theworker’s compensation issues.Employee Relationship: This function is helpful in strengthening positive relationsbetween managers and employees at workplace. It can be achieved by job satisfaction, resolvingfights at workplace and involvement of workers in different activities. Strong labour relationscan be achieved by collective bargaining, negotiations, response to union’s campaign andunderstanding of contract issues of labour unions.Compensation and Benefits: This is a vital function as it helps managers to setcompensation packages for employees and evaluation of competing pay practices for the firms.These specialists negotiate all the health coverage rate with insurers and make relations withretirement savings and fund executive. Payrolls can also be a part of compensation packagesdesigned for the employees of Aldi ( Bloom and Van Reenen, 2011).P2. Strengths and weaknesses of recruitment and selection processRecruitment and selection are vital functions of human resource management.Recruitment involves encouraging prospective candidates to apply for vacant post in Aldi. Internal recruitment process involves hiring candidates within the organisation who are capablefor the vacant positions. Message is circulated about current vacancy and potential employeescan apply for it. This recruitment process gives chance to employees to change their jobpositions. These strategies are helpful in quick decision making process and reducesexpenditures which will incurred on recruitment of new employees (Boxall and Purcell, 2011). Itis a beneficial method for firms as it helps in boosting the morale of employees and they will feelmotivated by which their working efficiency will be increased. To manage recruitment process,2
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