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Human Resource Management in H & M Company : Report

   

Added on  2020-07-23

13 Pages3960 Words70 Views
HUMAN RESOURCEMANAGEMENT

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purpose and the functions of human resource management............................................1P2. Strengths and weaknesses of different approaches to recruitment and selection.............2TASK 2............................................................................................................................................4P3. Benefits of HRM practices for employer and employee..................................................4P4. Effectiveness of HRM practices with regard to organisational productivity and profits.5TASK 3............................................................................................................................................6P5. Importance of employee relations....................................................................................6P6. Key elements of employment legislation.........................................................................7TASK 4............................................................................................................................................8P7. Application of human resource management practices in work related context..............8CONCLUSION................................................................................................................................9REFERENCES...............................................................................................................................1

INTRODUCTION Human resource management (HRM) is managing the people and resources inorganization. It can be done through proper training, development and compensation. ThroughHRM, staff members can maintain a healthy relationship with each other. Employees can workefficiently and effectively. Thus, activities and tasks run smoothly and successfully in the firm. Itresults in the growth and success of firm (Meredith Belbin, 2011). Project discusses about H &M Company which is a retail store and it provides footwear for women, children and teenagers.The firm operates at the global level. Assignment discusses about the purpose and functions ofhuman resource management as well as strengths and weaknesses of various approaches torecruitment and selection. Project explains about the benefits of human resource practices forboth; employer and employee along with the effectiveness of personnel practices in raising theproductivity and profit. Report discusses about the importance of employee relations and itsimpact on human resource decisions. Further, the key elements of employment legislation andimpact on human resource practices and their application at workplace will be studied. TASK 1P1. Purpose and the functions of human resource managementThere are various functions and objectives of human resource management. It is done torecruit, select and train many employees within the firm. H&M have various objectives thattheywant to attain. Objectives: Firstly, firm recruits and selects the employees. For this, company receives manyapplications and then scrutinizes among them with selecting the best candidates for job. Afterthat, firm organizes training sessions for them so that they can learn new skills required for thejob. Through this, employees can work efficiently and effectively. This results in effective andefficient functioning of all activities and tasks in the firm (Payne and Isaacs, 2017). Secondly, companyappoints right candidate for the job and motivates them so that theycan perform better in firm. It helps in increasing the energy level and enthusiasm of employees.Thus, staff members can achieve their targets and goals. It results in growth and development ofthe employees. So, activities and tasks run smoothly and successfully. It results in improving theperformance of employees and organization.

Thirdly, firm gives salary to employees according to their potential and skills. Thisresults in increasing the competition among all employees. Therefore, all staff members workbetter to achieve their goals and targets effectually. This results in improving the performance ofemployees. It directly improves performance of organization that results in growth and successof the firm. Organization can maintain a strong competition to other firms as well (Romney andSteinbart, 2012).Different functions:It includes five steps which are as follows: First step is the planning. It is the process of making plans and policies for organization.Through this, employees know their targets and goals. They come to know in which directionthey have to move that helps in attaining the mission and vision of firm. Second step is the organizing in which various resources are given to differentemployees. Manager can delegate the work to staff members and then they can do workefficiently and effectively. It results in coordination among various departments. Thus, itimproves the performance of firm. Thirdly, staffing means recruiting and selection of employees. Then training is given toemployees so as to increase the skills of staff members so that they can perform efficiently andeffectively. Compensation is given according to the skills of employees which motivates them toperform better. Fourthly directing means motivation which is given to employees so that they canperform better. It increases the energy level and enthusiasm to employees so that they canachieve their targets (Scullion and Collings, 2011). Fifth is the controlling process in which employee’s performance is monitored against setstandards. If there are any deviations then managers give corrective steps to improve theirperformance. It directly results in achieving the objectives and targets that helps in improvingperformance of the company. This results in growth and success of the firm.P2. Strengths and weaknesses of different approaches to recruitment and selectionRecruitment is a procedure of attracting, selecting and hiring the best suitable candidatesfor job position within firm. In this, human resource manager selects skilled and knowledgeablecandidates who are able to attain objectives and targets of firm. Recruitment process is of 2types, i.e., Internal and External. This process helps the firm in hiring appropriate candidates for

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