Human Resource Management | Report Sample

Added on - 22 Jul 2020

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HUMANRESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1...........................................................................................................................................3P1 Purpose and the functions of HRM...................................................................................3P2 Strength and weakness of approaches in recruitment and selection.................................5TASK 3...........................................................................................................................................6P3 Benefits of HRM practices for employee and employer...................................................6P4 Effectiveness of different HRM practices.........................................................................8TASK 4...........................................................................................................................................9P5 Importance of employee relations.....................................................................................9P6 Impact employment legislation upon HRM decision-making........................................11TASK 4.........................................................................................................................................12P7 Illustrate the application of HRM practices in a work-related context..........................12CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONThe report is based upon human resource management system of an businessorganisation. HRM consists with managing peoples and their operations to achieve goals andobjectives of company. Along with this, the process is adopted byCanary Wharf to developingand hiring more employees. Canary Wharf is the one of largest business tower tat involves manycooperative organisations such as- arts & events, East Wintergarden and health & safety.Forthat, it needs more talented staff members to manage its all managerial functions and activities.HRM plays an important role in recruiting peoples and maximise the execution of the company.It involves three major area, such as- employee compensation, staffing and designing work. It isthe main responsibility of human resource department to get together organisational andindividual goals (Hendry, 2012). There are the five main elements of HRM that is- planning,controlling, directing, organising and motivating. With the help of all these componentsmanagers are enable to accomplish their goals and objectives form target market. On the otherhand, this can also helps in improving employees relations with their managers so as both cantake effective decisions for long term period. The practices of human resource management alsohelps in raising employees performance so that they can gain the benefits of competitivemarket.TASK 1P1 Purpose and the functions of HRMHuman resource management- in every business organisation, HRM is the process ofrecruiting and developing of employees. It is the term that is helpful in order to describe themanagement of peoples by formulating a system within a company. In Canary Wharf, it is theduty of HR person to maximise the optimum utilization of resources and align it with theworkforce of staff members. Basically it focuses on developing policies and strategics so asorganisation can easily achieve its goals and aims form potential market (Armstrong and Taylor,2014). Along with this, the HR department of the company is helpful in employees recruitment,performance appraisal, training & development, and employee benefits design. There aremention below the purpose of human resource management in business organisations, such as-
It helps business to provide motivation to employees so as they can attain their goalsefficiently and effectively. In Canary Wharf, HRM also helps in maximum utilization ofavailable resources towards increasing the level of productionHRM also responsible in order to establish coordination and cooperation amongemployees and manager so as both can share their issues regarding project management.By this, the decision making process of the company is become so easier and employerscan quickly find the solutions of all problems (Boxall and Purcell, 2011).As discussed HRM assists in developing competitive advantage so as it also builds thecapability of Canary Wharf. With that, business is able to offering quality products andservices to its customers and be able to compete with new entrants or competitors,this also increases the self actualization and job satisfaction among employees so thatthey can work hard and trying to improves their performance towards accomplishment oforganisational goals and objectives. And HRM also assistive in maintain internal &external behaviour and ethical policies of the company.Functions of Human resource department:-Managerial functions- these functions involves planning, controlling, organising,directing and staffing of employees. Managerial functions are helpful in order to manageall managerial activities of the company. Along with this, planning is pre-determinedcourse of actions, it means to previously decided the goals and objectives of business.Organising refers with develop the organisational framework and allocation of resources.It divides tasks among each subordinates and they have to compete it on certain timeperiod. Staffing seeks with select, develop, train, promote and retire employees. This canalso seeks with which kind of candidates will be hired and setting their performancestandards of subordinates. Managerial functions also directing and controlling peopleswith that employers can easily analyse the actual performance of workers.Operative functions –they are concern with a particular department and are also calledservice functions of the company. Operative functions are segment in to department todepartment to ensure that right people are placed into right job. Along with this, inCanary Wharf it includes with maintenance, development, procurement andcompensation functions of human resource management (Brewster and Hegewisch,2017). On the other hand, procurement seeks with activities that are recruitment &
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