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Human Resource Management Assignment : Chocola Fantastica

   

Added on  2021-02-21

15 Pages4808 Words43 Views
Human ResourceManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and the function of HRM ....................................................................................1P2 Advantages and disadvantages of recruitment and selection approaches ........................3TASK 2............................................................................................................................................4P3 Various Human Resource Management Practices ...........................................................4P4 Effectiveness of different HRM practices for improving company's profit and productivity ................................................................................................................................................6TASK 3............................................................................................................................................6P5 Need of employee relation ...............................................................................................6P6 Identify key elements of employment legislation ...........................................................8TASK 4............................................................................................................................................9P7 Implication of HRM practices in work related context ....................................................9CONCLUSION ...............................................................................................................................9REFERENCES..............................................................................................................................11

INTRODUCTIONHuman Resource Management is refer to those department of an organisation which ismeant for proper utilisation of available skilled manpower as well as to make use of existinghuman resource in an effective and efficient manner. The foremost objective of HRM is toidentify the potentiality of an individual and placed them in a right position which benefit anestablishment to attain increased level of profitability and productivity in an improved way.Hence, it is regarded as one of the core division of company which is directly link withmaintaining better working culture and implementing best decisions for an accomplishment ofpre determined goal within prescribed time frame ((Baum, 2015). For this report, ChocolaFantastica has been considered which is situated in South Wales and manufactures chocolateflavoured greetings card which is eatable in a best quality. In this study, it encompasses aim andfunction of HRM, positive and negative effect of recruitment and selection approaches.Moreover, identify different human resource practices to enhance firm's productivity, proficiencyas well as usage of various employment legislation to maintain workplace working culture aswell as build better relation among employees. TASK 1P1 Purpose and the function of HRM Every organisation seeks for highly skilled and potential personnel who can put their fullcontribution as well as bring novel ideas or opinions which benefits company to enlarge itsproductivity and proficiency rate in a amended mode. However, human resource management isregarded as those section which is directly connect with managing, recruiting, selecting,imparting training and development and many more for an achievement of pre determined goalin an effective manner. In addition to this, HRM key purpose is to obtain profit maximizationwith an optimal utilisation of resources in an improved way. Hence, HRM functions areclassified into managerial and operational that assist firm to strengthen its proficiency ratio in abetter mode. In relation to Chocola Fantastica, it undergoes with an issue of staff turnoverwhich largely impact over its productivity and brand value among customer. PurposeInvesting in right people: This intent is signified as core component of organisation as ithelp them to improve their overall performance in a better way. However, it states that putting1

suitable personnel in correct place in order to strengthen the proficiency of organisation in anamended mode. In relation to Chocola Fantastica, for tackle over employee turnover rate, theymakes an attempt to identify the ability or skill of each manpower at the stage of selection anddelegate them in appropriate place which empower employees to put their best contribution foran attainment of business objective in an innovative way. Managing workforce: Under this, it states that handling and maintaining betterrelationship between superior and subordinate aid an establishment to acquire best positioningwithin industry (Brewster, Mayrhofer and Farndale, 2018). Thus, in context of ChocolaFantastica, its manager render enormous opportunities to manpower which help them to enrichtheir skill as well as empower them to build positive relation with each other. With the help ofthis, Chocola Fantastica can easily create collaboration and coordination among working culturethat lead them to reduce staff turnover rate from their business premises. FunctionsThus, there are several HRM functions which help Chocola Fantastica to improve employeeretention rate which is given below: Recruitment:It is considered as the process or procedure of searching and attracting theright candidates for filling the vacant job position in order to enhance the profit margin of anorganisation. In case of Chocola Fantastica, it adopt various sources of recruitment like campusrecruitment, conducting job fare, usage of social media platform, advertisement in newspaper ormagazines and etc. With the help of this, company can reach wider range of population whichreflects in the growth and development of Chocola Fantastica and deceases the ratio of staffturnover. Training and Development: This phase signifies that strengthening and enhancing theskill or talent of personnel for attaining high level of profitability within marketplace. Hence, inrelation to Chocola Fantastica they make use of all available sources i.e. off the job and on thejob programmes which assist employees to put their best attempt effectively in order to enrichmanpower morale. Performance Appraisal: This function is concerned with evaluating the performance ofindividuals and providing appropriate reviews for improvement which enlarge firm brand value.In regard of Chocola Fantastica, they makes an initaiate to analyse the presentation of everyworkforce and matches with company's standards which help managers to give better feedback2

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