Benefits of HRM Practices for Employer and Employees

Human resource
management

Table of Contents
INTRODUCTION...............................................................................................................1
TASK 1...............................................................................................................................1
a) Explains what HRM is and identifies the functions of HRM..................................1
b) Assesses how these functions relate to workforce planning and resourcing within
LV and therefore its importance to the organization as a whole...............................2
c) Critically evaluates the strengths and weaknesses of LV=’s Recruitment and
Selection process......................................................................................................2
TASK 2...............................................................................................................................3
a) Person specification for role of Personal Assistant..............................................3
b) Review the CVs provided from the three job applicants for the role of Personal
Assistant; ..................................................................................................................4
c) Produce at least six competency-based questions to be asked at the selection
interview....................................................................................................................6
TASK 3...............................................................................................................................7
Benefits of Human resource practices within an organisation for both employer and
employee's................................................................................................................7
a) Learning and development opportunities..............................................................8
b) Rewards and benefits...........................................................................................8
TASK 4.............................................................................................................................10
a) Explains what is meant by the term employee relations and why is so important10
b) Critically evaluates the role of leadership in making effective relationship........11
c) Identifies the key elements of UK employment legislation.................................11
CONCLUSION.................................................................................................................14
REFERENCES................................................................................................................15

INTRODUCTION
Human resources management play an important role as it ensures the success
and growth of the business organisation and also helps in enhancing the brand value of
the business so that they can sustain for a longer period of time. Human resource
department within the organisation is liable for accomplishing various functions like
recruiting, selecting, training, talent management and many others. The following
assignment is based on the LV organisation which is formed in 1843 and offering
various financial services to their customers like life insurance, pension and investment
products. This file will cover about concept of HRM along with its functions and purposes
and also consider the benefits of several HRM practices for both employer and
employees. Moreover, impact of employment legislation on the decision-making of HRM
will be discuss in this report.
TASK 1
a) Explains what HRM is and identifies the functions of HRM
Human Resource Management is defined as the process where candidate is
recruited, selected and hired for the betterment of business organisation. It is necessary
in context of every organisation because without it, other department directly get
affected. It is one of the section where employees are motivated and trained that how
they are required to work for attaining the goals of a company in short duration. In
context of LV, there HRM department can be very crucial for them in obtaining their
organisation goal because they can easily hire those employees for the company who
can work according to the requirement of situation. Some of the functions of HRM are
explained below:
 Training and Development: Whenever it is necessary that employee should be
given training then they take the help of human resource department (Berman
and et. al., 2019). They can provide the suitable training which can benefit
company directly or indirectly. In context of LV, they are required to provide
suitable training to their existing and new employees who can help them out to
deal to with any of the situation which arises within the company. Also, it will help
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the employees in boosting their mental strength through which they can uplift the
standard of their work.
 Recruitment and Selection: It is one of the most difficult task to select the best
candidate for company for helping them out to accomplishing their goals. In
context of LV, HR manager will look for hiring the candidate for company who is
capable of in context of organisation. Their choice of preference should be based
according to the requirement of different department.
b) Assesses how these functions relate to workforce planning and resourcing within LV
and therefore its importance to the organization as a whole.
Workforce planning can be explained as the process where the strategy used by
employers to anticipate labour needs and deploy workers most effectively, usually with
advanced human resources technology. It is necessary for organisation like LV as they
are involved in the sector of insurance provider and many more (Berman, 2015). Above
mentioned functions of HRM will help company to accomplish their goals because
employees will know that what is there exact role and responsibility in context of
company. Recruitment and selection process will help them to hire only those
employees who are suitable for the company and give their best in attaining the goals of
an organisation. Talking about another function, training and development, it will give the
idea to employees that how they are required to work within the premises of LV and
what should be their contribution towards the organisation.
c) Critically evaluates the strengths and weaknesses of LV=’s Recruitment and Selection
process
In present scenario, recruitment and selection process plays the crucial role. It is
the process to hire the suitable candidate for company. Different organisation adopts
different type of recruitment process so that they can hire the one whom they are
searching in order to improve the productivity of a company. In context of LV, they have
a fix patter of hiring any of the employees which is being followed by the team of HR
department and it has been explained below:
Telephone interview: It is one of the modern way of conducting interview where
initial level of discussions can be done. Here, employer mainly focuses on experience of
candidate, their qualification and expectation of salary (Gatewood and et. al., 2015). In
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