Human Resource Management - JP Morgan Assignment

HUMAN RESOURCE
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Purpose and functions of HRM.........................................................................................1
P2 Different approaches to recruitment and selection............................................................3
M1 How functions of HRM can provide talent and skills to fulfil business objectives. .......6
M2 Evaluate strengths and weaknesses of different approaches to recruitment and selection...6
M3 Critically evaluate the strengths and weaknesses of different approaches to recruitment
and selection, supported by specific examples. .....................................................................6
TASK 2............................................................................................................................................6
P3 Benefits of different HRM practices for both employer and employee............................6
P4 Evaluate the effectiveness of different HRM practices.....................................................7
TASK 3 ...........................................................................................................................................8
P5 Importance of employee relation to influence HRM decision-making. ...........................8
P6 Impact upon HRM decision-making...............................................................................10
TASK 4..........................................................................................................................................12
P7 Illustrate HRM practices in work related. ......................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Human resource management is a systematic planning, development and controlling
interrelated that defines an expression of beliefs in employee for the success of an organisation.
This includes HR planning, forecasting, job design, staffing, recruitment, training and
development to improve the overall performance of a business firm (Hendry, 2012). Also, it will
support to maintain respect and dignity among existing business enterprise. Human resource
management is necessary for each and every business firm to deals with people as complete
individuals, provide opportunities for growth and development, rewards should be earned and
many more.
As HR assistant at JP Morgan firm in central London to assist in human resource
activities of an organization. It is a commercial and investment banking which is founded by JP
Morgan nearly 1871. This project covers the purpose and function of HRM, different approaches
related to recruitment and selection, benefits of different HRM practices for employer and
employee. This also includes effectiveness of different HRM practices of JP Morgan company
limited.
TASK 1
P1 Purpose and functions of HRM
In general terms, human resource management is a function of a business firm which is
designed to maximize the performance of employees in service sector against strategic goals. It
refers to learning of managing the people and other actions of a business organisation in extreme
efficient and helpful manner (Bratton and Gold, 2017). This is the most effective source that can
place employees in jobs in less period of time. As, it plays a crucial role in a business firm such
as JP Morgan which required HR assistance for their organisation.
Scope and nature of HRM
HRM involves management scope and nature which helps in to attain goals of a business
enterprise. These are discussed as below:
 Human resource management is inherent part of every management level because
manager wants their best out his people. This will assist them in motivating, training and
appraise their subordinates in a business organisation.
1