logo

Human Resource Management of HSBC Bank

   

Added on  2020-06-04

12 Pages3356 Words210 Views
HUMAN RESOURCEMANAGEMENT
Human Resource Management of HSBC Bank_1
Human Resource Management of HSBC Bank_2
INTRODUCTIONHuman Resource Management and its function is very important for an organisationbecause they are the one who manages work and people in large company. Their main functionis to recruit the suitable candidates, trained them and motivates them to do more hard work.There emphasis is on how to utilise the capability of any candidate so that more work can becarried out (Decker, Riley and Siemer, 2012). HSBC Bank is a leading multinational bank acrossthe world with many branches. Mainly its origin was in Hongkong. Its named was firstincorporated in the year 1866 and was derived from its initials Hongkong and Shanghai BankingCorporation. In this report we will include the scope and purpose of HRM and how their decisionmaking give an impact on any organisation. Various internal and external factors will beanalysed in this assignment.P1 The Purpose and Functions of HRMHuman Resource Management is defined as the part of any business management whofocuses on working of employees with their relationship within an organisation. It includes theprocess of recruitment, providing training and development program, safe and healthyenvironment to all workers, resolving their conflicts and helps in their assessment (Dezsö andRoss, 2012). The main aim of HRM is to develop skills and capabilities of all employees toenable them to make their contribution to the success of the organisation. The purpose of HRM is to increase the productivity of organisation which directlydepends on qualities and skills of their employees (The purpose and functions of HRM, 2017).According to Robert L. Mathis, “ Human resource management helps in serving internalcustomers and creating external relationships”. HRM performs all business activities and theirethics that start from recruitment of an employee to till he leaves. The other purposes thatperform by an HR are to use and develop all resources in an effective manner, promote companyculture to their employees and follow all government policies that are necessary to run a businesssmoothly.The functions of HRM are broadly classified in two terms-Hard & Soft. Hard HRMincludes those functional areas like manpower planning, their selection and recruitment process,payroll, compensation, assessment and all legislation processes. While the other areas like1
Human Resource Management of HSBC Bank_3
training and development, managing conflicts and disputes, human resource education andrelationship building are included in the functions of Soft HRM. In short hard HRM includes the Source:Scope of HRM,2017basic whereas soft HRM includes the progress functions used for planning and resourcing inglobal organisation (Foss, 2011).The nature of HRM consists all process including basic cognitive process, retention andcontrol of human resources in the company. Its scope has mainly defined as the working class,welfare and industrial relationship aspects.2Illustration 1: Scope of HRM
Human Resource Management of HSBC Bank_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Case Study on Human Resource Management In Bank
|18
|6146
|58

P1- Purpose and the Functions of HRM
|17
|4981
|425

Human Resources Management : Barclays
|19
|5562
|480

Report on Functions and Scope of Human Resource Management
|19
|5966
|84

Human Resource Management at BARCLAY
|18
|4920
|180

P1 Purpose and scope of Human resource management
|20
|5649
|463