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Functions of HRM for resourcing & workforce planning

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Added on  2023-01-12

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This report discusses the functions of HRM for resourcing & workforce planning, including job analysis, training, recruitment, and performance management. It also explores the strengths and weaknesses of various approaches to selection & recruitment. The benefits of HRM practices for both employees and employers are examined, as well as the effectiveness of HRM practices in terms of organizational profit and productivity. The importance of employee relations in influencing HRM decision making and the elements of employment legislation and their impact on HRM decision making are also discussed. Finally, the application of HRM practices in an organization is explored.

Functions of HRM for resourcing & workforce planning

   Added on 2023-01-12

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Table of Contents
INTRODUCTION...........................................................................................................................5
TASK 1............................................................................................................................................5
P1: Functions of HRM for purpose of resourcing & workforce planning.............................5
P2 Strength & weakness of various approaches of selection & recruitment..........................6
While selecting a employee in Merrill Lynch any of these methods can be used for getting a
detail view of a employees and asses them according to key skill requirements of the job.. 7
TASK 2............................................................................................................................................7
P3 : Benefits of HRM practices for employee and employer both.........................................7
P4 : Effectiveness of HRM practices in terms of organisational profit and productivity......8
TASK 3............................................................................................................................................9
P5 : Importance of employee relation in influencing HRM decision making .......................9
P6 : Elements of employment legislation and its impact on HRM decision making..........10
TASK 4..........................................................................................................................................12
P7: Applying of HRM practises in a organisation................................................................12
CONCLUSION .............................................................................................................................15
REFERNCES.................................................................................................................................16
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Functions of HRM for resourcing & workforce planning_4

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