Case Of Canary Wharf Firm - Human Resource Management

Added on -2020-02-05

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Human resourcemanagement
Table of ContentsINTRODUCTION ..........................................................................................................................3TASK 1............................................................................................................................................3P1 Different purpose and function of HRM ..........................................................................3P2 Process of recruitment and selection and its strengths and weaknesses ..........................4TASK 2............................................................................................................................................5P3 Different benefits of HRM ...............................................................................................5P4 Certain effectiveness of HRM activities ..........................................................................6TASK 3............................................................................................................................................7P5 Various importance of employees relations .....................................................................7P6 Different impacts of employment legislation ...................................................................8TASK 4............................................................................................................................................9P7Applications of HRM practices .........................................................................................9CONCLUSION..............................................................................................................................10REFERANCES..............................................................................................................................10
INTRODUCTION Human resource management is defined as managing human resources effectively andefficiently. HRM is designed for maximising employees’ performance for the company and itplanned for achieving various goals and objectives of company. (Albrech, 2011). It is mainlyconsidered with appropriate direction of people within the coordinate, concentration on policesand different systems. It helps the organisation to for defining impressive knowledge,understanding and key skills that are required by human resource manager for improving theirown performance. The province of there are three main criteria of human resource managerwhich includes, employees staffing, compensations and performance & shaping or designingwork for different employees and workers. Manager develops their process of hiring and trainingtheir new employees; so they can perform their role effectively and prove to be valuable tocompany. Useful research is conducted throughout the report considering case of Canary Wharffirm which is situated in east London Canary wharf is one UK company and includes financialcentres of company. It develops new development programs which helps in motivating theiremployees to perform effectively. Human resource management helps the company to focuseson contrasting recruitment, management and development of workforce within the organization. TASK 1P1 Different purpose and function of HRM Workforce planning is one of continual process which is used for identifying the goalsand objectives of organisation and work force is necessary for checking legislative restrictions
which is related to company products and services. An effective workforce planning isimportant for identifying different strategies of workforce development. . It is one of essentialfunction of human resource management and it is also related with organized determinationand investigation of need of organisation about the size. With help of education, skills andknowledge, the employees can fulfil all objectives and goals of company. It is the process tocreate an business ability to communicate the business occurrent transactions and future effectof the outside environment on the business Canary Wharf organisation use different workforceplanning to cover three to five year predict time period and straight to organisation needs andoutcomes (Armstrong and Taylor, 2014).Purpose and functions of HRM: Leadership development: This Company follows effectual leadership developmentprograms. The expected contribution from various leaders are defined and organisationappreciation towards inspiring leader for best performance. Performance management oforganisation is depended on the effective leadership. Then, organisation applies theeffective leadership theories for developing effective and suitable skills of leader (KoganPage, PublisBloom and Van Reenen, 2011)Organisation also assure that they can conflicttheir workforce into job families and expected leaders can identify and groom foreffective role and responsibilities of leaders. Cooperation between HRM and senior management: HRM purpose of the organisationwork in a framework with their expected leaders. Leaders’ job helps in controllingdifferent activities of employees and worker so they can perform their task in an effectiveway. HRM functions play critical roles for the recruitment, selection and training phase.Leader of organisation are anticipated to have skills that competition need for adoptingrespective challenges for the business activities. The organisation groom their leaders forfuture and middle management level. The managerial functions also support differentplanning, organising, directing, evaluating and directing activities. P2 Process of recruitment and selection and its strengths and weaknesses Recruitment and selection process is effective and important important aspect acting.There are different processes of human resources management which includes, job-design,management, performance assessment, transfers and different carrier preparation. These all arenearly closely to the recruitment. Recruitment process is attempting to locate and encourage

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