P1 Purpose and functions of HRM (doc)

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HUMAN RESOURCE MANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1P1 Purpose and functions of HRM..............................................................................................1P2 Strength and weakness of various approaches of HRM practices .........................................3P3. Benefits of HRM practices....................................................................................................6P4. Effectiveness of HRM practices in terms of productivity and profitability..........................8P5. How employee relations impact on HRM decision making................................................10P6. Employee legislation and its impact on decision making...................................................11P7 HRM practices in work related context................................................................................12CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................17
INTRODUCTIONHuman resource management is the plan that directs and coordinate the administrationof an organisation. Their main responsibility is to oversee the process of recruiting, planningorganising and staffing. Sainsbury’s is the third largest supermarket chain in UK, it covers the16.9% of the total retail market founded by John James sainsbury’s in the year1869. It has total1,86,900 employees till the year 2018. This report contains the functions of HRM and its purposeand scope in the Sainsbury and also contains the weakness and strength of the approachews ofhuman resource management.MAIN BODYP1 Purpose and functions of HRM.Human Resource Management view the people as an assets of the organisation and internalcustomers and tries to create the work satisfaction among the employees so the effectiveness andefficiency can be increase (Berman and et.al., 2019). One of the purpose of HRM is toconcentrates on internal sources of competitive advantage.Functions of Human Resource ManagementStaffing needsHuman resource department plays an vital role in recruitment and selection of employees.As staffing is one of the primary function of the department, HR managers must give the equalopportunity to everyone without any discrimination of gender, caste, sex, culture etc. recruitmentis the process in which the potential applicants is being given the invitation through newspaper,social media, television etc. to fill up the job vacancies. Recruitment of employees is beingadministered in two ways that is internal sources or external sources. Internal sources meansgiving the opportunity to the employees who are working with the organisation and externalsources means recruit the people outside the organisation.CompensationCompensation means giving the payment, salary, wage, remuneration, but grammaticallythere is a difference in nomenclature like compensation as this is being given against thepayment in case of death of an employee in the course of employment (Morgeson Brannick andLevine, 2019). Remuneration and salary can be used interchangeably and even they have to givethe wages on the daily basis. Remuneration is the fundamental duty of human resource managerand compensation of remuneration is the basic motivating factor of any employee.
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