Contents INTRODUCTION.......................................................................................................................................3 TASK 1.......................................................................................................................................................3 P1 Purpose and Functions of HRM applicable to workforce planning and resourcing organisation........3 P2 Strength and Weaknesses of various approaches to recruitment and selection...................................5 TASK 2.......................................................................................................................................................7 P3: Explain benefits of different HRM practices within the firm for both employer and employee. Explain the benefits for both employees and organization.......................................................................7 P4: Evaluate effectiveness of the different HRM practices in terms of raising organisational profit and productivity...........................................................................................................................................10 TASK 3.....................................................................................................................................................11 P5: Analyze importance of employee relations in respect to influencing HRM decision-making.........11 P6: The key elements of employment legislation and the impact it has upon HRM decision-making. Discuss impact of at least two EU or UK employment legislations.......................................................12 TASK 4.....................................................................................................................................................12 P7: Illustrate the application of HRM practices in a work-related context that you might be familiar with so you can use specific industry examples.....................................................................................12 CONCLUSION.........................................................................................................................................15 REFRENCES............................................................................................................................................16
INTRODUCTION Human resource managementrefers to a strategic approach which is used by a company in order to conduct effective management of their staffs at a workplace which help them in gainingbusinesscompetitiveadvantageforabusiness.Itsmainobjectiveisto maximizeemployee performancein order to achieve employer's strategic objective which leads toattainmentoforganizationgoal(ArmstrongandTaylor,2014).HRdepartmentsofa organization is responsible for various activities such asemployee - benefitsdesign, recruitment of employee,training and development,performance appraisal,Reward management, interview and many more. It is necessary for every company to develop human resource management in effective ways because by it they able to attain their objective as well as goal properly and also retain their potential employees for a long term. Organization taken for this assignment is BARCLAYS bank which is founded in year 1690 and its headquartered is in London, United Kingdom. They are operating its business functions in banking and financial service industry. They are servicing g its products and services at worldwide market and their products are retail banking, commercial banking, investment banking and wealth management. Topics going to covered in their report are purpose and scope of human resource management which help a company in fulfilling its objective. It also includes various key elements of human resource management which can be adopted by a firm. Along with this it explain internal as well as external factors which may affect decision making of human resource which include several employment legislations and this will also contain HR practices in work related context. TASK 1 P1 Purpose and Functions of HRM applicable to workforce planning and resourcing organisation Human resource management (HRM) acts as a most essential function in an organisation which is related to recruitment and proper guidance management of employees within an organisation(Brattonand Gold, 2017). This function is one of the essential part of company activities which is required to be effectively done in order to train and guide employees towards more successful growth. Mentioned below there are some basic purpose of HRM functions that is applicable to workforce planning along with resourcing organisation
Purpose of HRM One of the basic purposes of human resource management is to increase productivity and profitability of both employees and organisations so that overall objectives of a company can effectively fulfilled some of the essential purpose of Human Resource Management in relation to Barclays Bank are briefly described below: Employee relations: This purpose states that it is very essential for any organisation to treat each and every employee within their Organisation in an equal manner as employees are lifeblood of any company(Briscoe, Tariqueand Schuler, 2012). Thus, it is required to maintain and stimulate healthy formative relationships with them in order to gain overall effectiveness. This will benefit managers to solve problems within workplace in best effective manner. Barclays Bank are required to formulate positive relationship with their subordinates so that Bank can able perform theirgoalswithmoreefficiency.HRMactsasastrongestelementthattellsformative relationship with employees and hire managers within an organisation. Compensation and performance: It is one of the most important element of HRM as in this organisations are required to provide effective compensation for their performances in order to extract best out of them. By providing compensation Barclays Bank can effectively increase their productivity and sense of loyalty of employees towards organisation. It will also benefit bank to reduce their employment turnover rate in increase entity productivity level. Functions of HRM There are wide range of functions consists in HRM practices that are required to be performed by HR manager. Some ofthose functionsare described below: Recruitment and selection: This is one of the basic process of HRM in which proper screening and selecting of potential and qualified candidates are done as per the job requirement of an organisation. This process is mainly related to attracting wide range of candidates towards company job profile
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(Briscoe, Tariqueand Schuler, 2012). On the other hand selection is termed as a process in which employees are selected and further provided with proper training and development programs. In context with Barclays Bank it is required for them to hire potential in capable employees which can effectively fulfil organisation requirements. With the help of recruitment and selection Bank can able to fulfil their job requirement goals. Maintaining good working condition: This is one of the basic responsibilities of human resource manager of Barclays bank as it is the major responsibility holds by HR manager of bank in which they are highly authorised to provide good and healthy working conditions to their employees. For this they are required to createaworkplaceenvironmentinwhichemployeescaneffectivelystimulatetheirjob performance towards high growth(Brewsterand Hegewisch, 2017). This will not only help employees to increase their opportunities but also help organisation to increase their productivity along with profitability in a simultaneous manner. Managing employee relations This is one of the strongest pillars of any organisation despite of size and scope. HR manager have the responsibility to maintain strong relationship with their employees as this will help them to increase employee loyalty and sense of belongingness towards organisation. This will also lead towards increase in employee working performance as they think and consider themselves as a valued and important part of company(Chelladuraiand Kerwin, 2017). Thus, Barclays Bank is required to effectively encourage and influence employees towards high work performance. For this Bank can conduct different types of activities and programs which can further help them to improve their professional and personal level. P2 Strength and Weaknesses of various approaches to recruitment and selection There are different types of approaches of recruitment and selection which is described below in effective manner along with their strength and weaknesses: Approaches to recruitment Mainly there are two types of approaches within recruitment that are described below along with strength and weaknesses:
Internal recruitment In this methods organisation fills their job profile vacancy by taking use of their existing workforce. This method includes hiring of employees who are already familiar with culture and policies of Organisation in efficient manner(Alfesand et. al., 2013). Mentioned below there are some basic strength and weakness of internal recruitment method: Strength With the help of internal recruitment organisation can able to reduce time in order to hire candidates. As inthese companies hirethose employees who are already familiar with organisational culture. This method is a cost-effective process and provides different types of advantages to organisation.Asinthiscompanysavestrainingcostwhichtheyspendonthose employees who are unfamiliar and unskilled with company actual job requirement. Weaknesses This method can lead towards creating recent resentment in those employees who are not able to get selected despite of their high job performance. This method will also lead towards creating conflict within workforce as employee may start getting jealous from each other. It limits the organisation employee getting capacity, as in this organisation only hire existing employees. Thus it limits Company to hire fresh blood in organisational structure. External recruitment In this form of employee hiring process organisation find and select best suitable candidate from pool of candidates rather than selecting employees those are already exist within an organisation(Bullerand McEvoy, 2012). In this procedure company engage in the process of searching workforce from external environment mentioned below there are some strength and weaknesses of these methods: Strength
Its benefits organisation to hire fresh blood and talented candidates that can further bring innovation within organisation. It also aid company to hire talented source from pool of candidates and benefits them to select best one that can able tofulfillactual job requirement of company. Weaknesses This method requires a lot more cost as in this organisations are required to provide further training to employees in order to make them very well fit for the organisation actual job requirement. Furthermore, this is a long process that can take long period of time of company to hire actual potential candidate for their vacant position. This method can lead towards reducing moral of existing employees as they can less chance for being get promoted that will lead towards decreasing their job performance and overall productivity(Jiangand et. al., 2012). TASK 2 P3: Explain benefits of different HRM practices within the firm for both employer and employee. Explain the benefits for both employees and organization. In an organization human resource management is essential because by it employees and employer able to conduct their work properly in order to attain goal properly. For this manager of a company may adopt various HRM practices for both employers and employees.In BARCLAYS bank human resources management plays an essential role in order tomanage activities of workplace and also to improve employee’s performance. Moreover it also includes several activities such as recruiting and selection, training and development, firing, paying and promotion, employee welfare administration, reward, appraisal etc. These all activities are conducted by effective coordination and cooperation of employees and employer. A HRM practice are beneficial for both the employers as well as employees in various ways such as training and development, recruitment appropriate candidates, maintain positive workplace, developing effective relation, motivates staffs and many more(Renwick,Redmanand Maguire, 2013).SomeofmajorHRMpracticesinrespectofbothemployerandemployeesof BARCLAYS bank are given below:-
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Employee’s benefits: -By adopting effective HRM practices employees get various benefits which motivate them and encourage working for attaining goal and objective effectively. Several major HRM practices are mentioned below:- Conflict solving:Through human resource management a company may resolve conflicts which arise between employees and employees or management and employees at a workplace. In context toBARCLAYS bank by appropriate HRM practices they develop theiroperations and policies according to situation which help them in reducing situation which may arise conflict(Purce, 2014). Along with this through proper HRM practices they able to resolve conflict situation properly by developing policies through this staffs feel motivated, satisfies and connected. This will leads to accomplishing of work in effective way. Training and development: -It is also one of the essential role plays by a human resource of a company i.e. to provide appropriate training and development to employees in order to enhance their skills, knowledge and ability. In respect ofBARCLAYS bank theyconductanalysisandthendesignaswellasexecutevarioustrainingand development programmes according to needs and requirements of employees which help theminimprovingtheirperformance.Alongwiththisbyeffectivetrainingand development they employees able to conduct their work properly with minimum wastage. That will also help company in attaining their goal as well as objective with high quality productivity. Information resources: -It is consider as one of the essential responsibility of human resource management at a workplace i.e. to manage resources so that activities or function will conduct properly. InBARCLAYS banktheir Human Resource managers provides all relevant information so that employees know about each and every things related to their work or tasksuch as supporting programmes or activities, different benefits like medical, PF and others, compensatory advantages, leave of absence and so on(Jackson, Schuler and Jia, 2018). Along with this in respective company there is also advantage for employees that if there manager not listening or answer staffs question then they may contact to higher authority.
Employer’s benefits: -Effective HRM practices is also essentials for employers because by it they able to encourage its employees to conduct work effectively that will leads to attainment of goal as well as objective. Some major advantages of HRM practices in respect of employers of BARCLAYS bankare explained below: Flexible workplace: -Appropriate HRM practices helps management of a company in building and maintaining flexible working environment so that employees feel motivated as well as satisfied. In context ofBARCLAYS bankthey develop strategies and plans according to requirement of their staffs through which employees feel satisfied and it will develop flexible workplace(Bosand et. al., 2013). Along with this they also take suggestion and advice from employees as well as in respective company also provide facilityofflexibleworkingwhichmotivateemployeesforaccomplishingwork effectively and efficiently. Developing better relations: -Through proper HRM practices employer able to develop and maintain effective relationship with employees. This will leads to staffs satisfaction and motivation due to which they conduct their work in effectively in order to attaining goal.Alongwiththisthroughkeepingappropriaterelationshipswithworkersin respective organisation employers able to develop tracking. Moreover in respective company it wills also supports in assess staffs performance through which appropriate actions can take in order to attain goal and objective. Retaining educated employees: -Through adopting effective Human resource practices a company able to attain their potential employees for a long term which help them in attaining goal by conducting work in proper as well as quality manner. In context of BARCLAYS bankthey provide various facilities to their employees that help attract them and retain for long term such as they provide flexibility and easy approach to staffs for working as well as they also provide proper pay, reward and many more(Kim, 2012). Along with this they also provide training and development to employees which help employees in enhancing their skills and ability that will also leads to promotion as well as various opportunities.
P4: Evaluate effectiveness of the different HRM practices in terms of raising organisational profit and productivity. HRM practices help an organization in various ways that leads to achieving goal and objective properly. There are several practices of HRM which is adopted by manager or employer of a company so that they can conduct its work properly and successfully. Along with this through proper human resource practices company able to adopt innovation which help them in satisfying need as well as demand of customers and employees effectively(Daley, 2012). That will help a company in enhancing their profitability ratio and market shares. In context of BARCLAYS bank they adopt various HRM practices in order to enhance productivity and profitability of company, form which some major of them are explain below:- Learning, development and training practices:According to this practices company develop training and development session so that they able to enhance skills, ability and knowledge of their employees. Through which they able to conduct their work in more effective manner along with minimum wastage. In respect ofBARCLAYS bank they develop various programs as well as training session according to need and requirement of employees so that they can increase or develop their ability which helps them in accomplishing work in more appropriate way. Moreover through this employee able to accomplish their work in effective way that directly leads to enhancement of productivity and profitability. Flexible working options:In this HRM practice organization provide flexible working options according to employees. In this employee staffs can conduct or accomplish their work when they want. In respect ofBARCLAYS bank main focus on accomplish of work in effective way. So they are providing facility of flexible working hours in which whenever employee conducts their work they may leave the office. But this is applicable some days in a month in order to maintain discipline at a workplace. Along with this by adopting this strategy respective company able to motivate their employee that leads to completion of task or project at time and in proper quality(Kehoeand Wright, 2013). This will leads to quality of production that helps respective company in attaining high rate of profitability ratio at a market place. Payment and reward management:It refers to those HRM practice in which employer of a company monitor performance of its staffs and then develop strategy to appreciate
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them. Through this techniques or HRM practice employees get motivated and conduct their task in more responsible manner which leads to achievement of goal successfully. In respect ofBARCLAYS bank they conduct analysis of their staff’s performance and identify which person conducts their work up to the mark. According to this they decide payment, increment and reward that help them in attracting and encouraging employees to conduct work in more effective way(Johnsonand Szamosi, 2018). This will leads to attainment of high profitability ratio through high quality productivity which fulfills need as well as demand of customers properly and successfully. TASK 3 P5: Analyze importance of employee relations in respect to influencing HRM decision-making Employee relation is considering as a method which is adopted by a company in order to develop and maintain effective relationship among an employee and employer in order to accomplishmentofcommongoalssuccessfully.InrespectofBARCLAYSbank,there management develops various strategies and plans in order to ensure good employee relations. This will help them in motivating and encouraging their staffs to conduct work appropriately so they achieve target. There are various importance of employee relation which influencing decision making process of HRM, some major of them are explain below:- Helpful in the employee loyalty:By effective employees relation a company able t develop effective employee’s loyalty that directly leads to accomplishing of task in more effective and appropriate manner. In context ofBARCLAYS bank their management develop and adopt various strategies or techniques in order to develop employees relation through which they able to motivate employees and encourage them to conduct work properly for attaining goal and target properly. Enhance productivity:High or effective employee’s relation leads to satisfied employees that directly enhance productivity. This is so because when staffs are satisfied as well as motivated them they conduct their task in more effective manner which leads to increase in quality of productivity(Fine, 2012). For this respective company conduct various activities such as train employees, motivate them, rewards and appraise according to work and many more.
P6: The key elements of employment legislation and the impact it has upon HRM decision- making. Discuss impact of at least two EU or UK employment legislations Decision making process of a company get affect due to various factors such as change in trends, rules and regulation, need and demand of customers and many more. One of the major reasons which influence HRM decision making is employment legislation because when there is any change occur company management need to update their strategies, plan or policies accordingly in order to smooth running of business(LATHAMand ARSHOFF, 2013). Some major of them which influence decision making ofBARCLAYS bank are given below:- Anti- discrimination:It refers to that legislation which provides equal right to each and every person. According to respective rule no one can conduct discrimination to any person on the basis of age, gender, salary, color, size, occupation, religion and many more. if any individual can do such kind of practice at a workplace then they may face strict punishment and fine. In this respectBARCLAYS bank management develop policy and strategy according to which every staffs are treated equally and if any person is find that he/ she is conducting discriminations on any basis then they may go through strict punishment like firing, fine, punishment and many more. Data protection:It refers to that legislation according to which it is necessary for a company to protect all the necessary as well as person data or information of their employees, clients and customers (Armstrongand Taylor, 2014). This is so because throughpersonaldataanypersoncanuseitforillegalactivities.Incontextof BARCLAYS bank they develop a policy regarding to data protection act in which they design highly innovative security system in order to protect data or information. Along with this they destroy all irrelevant or un useful data or information of clients, customers or employees. TASK 4 P7: Illustrate the application of HRM practices in a work-related context that you might be familiar with so you can use specific industry examples Human resource management refers to a field of management which generally deals with major activities related to managing and controlling manpower and workforce at a workplace in
order to obtain outcome in effective and productive manner. Major role of HRM practices is relatedtocontributionindevelopmentandcreatingmanpowerorworkforceeligibleto accomplish task or activity confidently and efficiently(Brattonand Gold, 2017).InBARCLAYS bank, their management conducts various HRM practices form which one of the main is to recruit employees on the basis of their knowledge, skills and ability. For which they have to understand as well as analysis CV of various candidates so that they can hire right person at a right position. Which sample or example is given below:- Curriculum vitae Judy Harrison Contact number-555-126-3594 Address-Harbor Street , San Jose, CA 11111, London, United Kingdom E- mail ID-JHarrison@gmail.com Professional Summary I am confident and enthusiastic photographer having experienced in both professional as well as freelance photography. Having approx 10 years of working experience with enormous diversity in order to tackle any photography task quickly and effectively Skills Having experienced in diverse kinds of photography such as Strong aesthetic sense, Technical knowledge of multiple camera technologies, Extensive communication, cooperation, and service skills, Critical thinking, analysis, and strong attention to small details. Work Experience Senior Photographer2014 to present Capture images according to task or project by considering all aspect like outside lighting, shadows, and lens requirements. Conduct editing and pre-editing of images in order to ensure high quality and proper color
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correction. Communicate with clients or producers in order to understand there requirement and conduct work accordingly. Direct and guide photographer’s assistants for completing their task in proper and effective manner. Photographer’s Assistant2013 to 2014 Conduct work according to assistance of senior and producers. Conduct set up of camera equipment quickly and correctly. Performed slight editing and touching-up duties without supervision. Communicate as well as answer client inquiries in person and via distance communication. Freelance Photographer2008 to 2013 Construct acknowledgeable business of freelance photography and develop huge group of faithful customers. Conduct photography according to requirement of clients. Education Bachelor of Art in Digital Photography Year- 2013 University of San Francisco Declaration I hereby want to declare that all above mentioned information are correct up to my knowledge and I take responsibility for the correctness of mentioned particulars or information. Place:Signature: Date:
CONCLUSION From above discussed point of report it can be concluded and evaluate that human resource management is essential for a company because by it they able to attain their goal and objective in effective way. Along with this it helps in various activities such as managing and regulating manpower in order to enhance their potential, skills and ability which lead to attainment of goals and targets of self as well as organisational. For conducting or adopting human resource in effective way company may adopt various HRM practices such as training and development, rewards and motivation and many more. Along with this there are various employmentlegislation that provided support to an organization in order to maintaining employee regulation. Moreover an organization also needs to conduct various HRM practices which is beneficial for them in order to attaining goal as well as objective in appropriate way.
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LATHAM, G. P. and ARSHOFF, A. S., 2013. The relevance of goal setting theory for human resource management. InNew developments in goal setting and task performance(pp. 355-366). Routledge.