HRM Practices within HSBC Business : Report

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Added on 2020-07-22

HRM Practices within HSBC Business : Report

Added on 2020-07-22

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HRM Practices within HSBC Business : Report_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P.1. Explain the purpose and function of HRM, applicable to workforce planning andresourcing an organisation..........................................................................................................1P.2. The strength and weaknesses of different approaches of recruitment and selection...........2TASK 2............................................................................................................................................4P.3. The benefits of different HRM practices within HSBC corporation for both employee andemployer......................................................................................................................................4P. 4. The effectiveness of different HRM practices in order to raising HSBC organisationalprofit and productivity.................................................................................................................5TASK 3............................................................................................................................................6P.5. The importance of employee relations in respect of influencing HRM decision-making...6P.6. The key elements of employee legislation and impact upon HRM decision-making.........7M.4. The key elements of employee legislation:........................................................................8TASK 4............................................................................................................................................8P.4. The application of HRM practices in a work-related context, with specific example.........8REFERENCES..............................................................................................................................10

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INTRODUCTIONIn this investigating, we would take a look at various purpose and functions of HRM,applicable to workforce planning and resourcing in HSBC firm and also discuss about to thestrength and weaknesses of different approaches to recruitment and selection process. Moreover,er would discuss about to the benefits of different HRM practices within HSBC business for bothemployee and employee as well. Furthermore, we would investigate about to the importance ofemployee relations and employee legislation and their impact upon the HRM decision-makingand ultimately, we would take an illustration of one day agenda of hotel receptionist of 5 starhotels.TASK 1P.1. Explain the purpose and function of HRM, applicable to workforce planning and resourcingan organisationHuman resource management is a most vital element of each organisation to operate thebusiness in superior way(Werner and DeSimone, 2011). It helps the firm to ensure that allmanagement and operation activities are being done appropriately.Definition: Human resource planning is the process in which recruitment and selectionplanning, training and development program etc are done by its professionals and bythese activities the would become more valuable for the corporation. Human resourcemanagement involves several activities like job analysis, personal needs, managingwages and salaries, training and development, recruitment and selection as well ascommunicate with all employees within the firm.The nature and scope of strategic HRM: A strategic HRM practices play a very crucialrole in HSBC firm. Human resource management nature and scope describe about to thefunction like planning and organising, directing and controlling the HSBC business and itinvolves development and management of human resources within the firm(Wang andNoe, 2010). Furthermore, HRM includes the study of management, sociology,physiology and economic. It involves team work and team spirit within the firm tosuperior management at workplace in the HSBC business. Human resource and planning: HRM department provides their best functioning inhuman resourcing and planning in HSBC firm. They work for figure out vacant jobs inthe business and make plane to fulfill their required post with effective manner. As a HR1

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assistant manager in HSBC firm, I would prepare a job searching activity and find outvacant post in the firm which are necessary to fulfill in the firm. This function of HRMpractices provides the best candidates for vacant post in the business which helps the firmto fulfill their goals and objectives sufficiently.Recruitment and selection: This is also a most essential function of HRM practiceswithin HSBC firm. It involves all recruitment and selection exercises in the business likepreparing a job advertising, job searching in the firm, preparing a selection process,conduct interviews and exams for skill test of candidates etc(Parker, Bindl andStrauss,2010). As, a HR assistant manager I would help the department to done all theactivities properly. This HRM practices provides the best candidates for their targetedpost to performing well in HSBC business and these HRM practices provides efficienttalent and skill appropriates for the business to well performing the business incompetitive situation and make more competition in the market.Training and development: Each selected candidates go through training anddevelopment program in HSBC firm to know about to the activities and their role andresponsibilities within the firm. Training provides the manners from which employee getto know about to the latest techniques of working effectively in the business and how toface competition in the market as well(Moutinho, ed., 2011). These HRM practices helpsthe business to furnish talent and skill appropriates to perform well in competition andgenerate more profit to HSBC corporation.P.2. The strength and weaknesses of different approaches of recruitment and selectionRecruitment and selection is a method of HSBC firm to improve the quality of theiremployee and best candidate should be selected to the desired post within the business.M.2. The strength of different recruitment and selection process:The major advantage of recruitment and selection process to managerial involvement ofall departments within HSBC firm to developing guideline for recruitment of newcandidates in the firm and each departments' manager are aware about to their currentneeds so that managers would provide a proper guideline of new selection process andfurnish job description as well to select appropriates candidates for HSBCcorporation(Morgan, 2013).2

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