Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1..........................................................................................................................................3 P1)PurposeandfunctionsofHRMwhichareapplicabletoworkforceplanningand resourcing an organisation......................................................................................................3 P2) Explain Strength and weakness of different approaches to management in recruitment and selection..................................................................................................................................6 P3) Different HRM practices in an organisation which can help employees as well as employers...............................................................................................................................9 P4) Different HRM practices that help an organisation to increase in profit and productivity10 P5) The importance of employee relation with respect to influencing HRM and decision making..................................................................................................................................10 P6) Identify the key elements of employment legislation and the impact it has upon HRM decision-making...................................................................................................................11 TASK 2.........................................................................................................................................12 P7) The application of HRM practices in a work-related context........................................12 CONCLUSION..............................................................................................................................15 REFERENCES..............................................................................................................................16
INTRODUCTION Human resources is a term used for describing people who work together in an organisation and and the department who handle these individual's development and growth. In 1960 when labour relations in a company began to get attention, Human resource was introduced todeveloporganisationalbehaviour,selectionprocessofindividualsandformotivating employees. Human resource management is used for developing and maintaining the growth of employees working in the organisation (Bondarouk and Ruël, 2013). Strategic HRM is a function followed by different organisations for aligning human resource of company with regards to its goals, objectives and strategies. In this given report, various HRM functions and its importance is given in context to Barclays Bank which is a multinational investment Bank of British headquartered in London. Hard and soft approaches of HRM and different recruitment process followed by this Bank and their strength and weakness is discussed. Different HRM practices and their contribution to company's profit and productivity is explained in this report. The later part of this report consists of importance of employee relation in HRM, key elements of employee legislation and application of HRM practices in a work related context. TASK 1 P1) Purpose and functions of HRM which are applicable to workforce planning and resourcing an organisation Human resource management is defined as the practise which involves employees growth and development in the company. It includes various practices like deploying, recruiting, hiring, and overall management of employee working in the company. Every company requires to help their employees for growing for increasing the efficiency of the operations in the organisation. The HR department is responsible for the creation and maintenance of HR policies for the individualsof company (Chang, Chiang and Han, 2012). BarclaysBank isa successful organisation which is serving since 1690. There is a necessity of providing good HRM policies and strategies to make employees better and effective for the company. There are two types of HRM functions used in the company which includes managerial function and and operative function. Managerial functions of HR are planning, organising, directing and controlling. Additionally, operative HR functions include recruitment, Job analysis, performance appraisal, traininganddevelopment,salaryadministration,maintenance,labourrelations,welfare
administration, personal research and record of employee. These functions are explained as under- HRM functions Planning:It is the primary task of HR department to evaluate the number and need of employees that are required to work in the organisation to achieve it's goals and objectives. This involves a research which helps analysing, collecting and evaluating present as well as future needs of Barclays Bank. Directing:Human resource management of Barclays Bank makes their employees more productive and effective in maximising company's profit. Different motivational activities are planned to make people work hard and achieve their goals in specified time (Costea, Amiridis and Crump, 2012). Work of employees in bank is full of pressure and stress therefore HR team organises various programs and activities to relax them. Recruitment:This is the most important function of Human resource management to recruit and select the best candidate who is suitable for working in the organisation. The human resource management takes special care in hiring good and flexible individuals that can work for organisation effectively and make more profits to company. Training and development:Barkley's Bank human resource management ensures to provide various trainings to its employees. These trainings are given to individualsfor their betterment and growth. Some of the trainings provided in this bank are career development programs,Motivation speeches,etc. It also organises seminars for employees on how to be effective while working under pressure and how to be proactive at workplace. Purpose of HRM Training and development-It is necessary for human resource management to organise and provide effective trainings and development programs to individuals for increasing their motivation level at job (Durão and et. al., 2012). There are two types of trainings given to employees working in Barclays bank that include on the job training and off the job training. Planning for developing competencies-Barclays bank's human resource management integrates the business strategy with the human resource planning. By doing this, current skills and abilities of employees is analysed in accordance to goals of organisation. If the individuals lack required skills then HRM organises plans to develop those abilities and skills.
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HRM approaches The main objective of human resource is to manage the different issues faced by people working in the organisation. The duty of HR managers of Barclays bank is to provide a healthy and positive environment for people at workplace. They ensure giving their employees a good and happy place to work as it will increase the productivity of individuals and ultimately helping in making profits for the company. The main strategy of human resource is to make people at work motivated so that they achieve their tasks at time and become profitable for business. There are different situations at workplace and manager has to handle organisation's environment and people by following two approaches depending on these situations (Schuler, Jackson and Tarique, 2011). They are hard and soft approach of human resource management and these are discussed below- Hard approach: According to this HRM approach, employees working in the organisation are treated as resource like building or machinery. There is a presence of strong connection with business planningwhich helps to know what resources are required and how to use them in an effective manner. This approach is used to identify andanalyse workforce needs of company and how to manage them by moving, hiring or recruiting new individuals. Soft approach: In this human resource management approach, employees are targeted as most important resource in the business. In addition to this employees are treated as a requirement for competitive advantage. This approach mainly focuses on demands of employees which includes recognition, rewards, motivation, appreciation (Shuck and Wollard, 2010). This approach is usually effective in making employees feel valued in the company and it increases their efforts in achieving organisational tasks and goals. Barclays Bank uses soft approach of management for the employees at their workplace. This helps in making the employees satisfied and happy while working. Also, a positive environment is given to people in which they can work with full dedication and achieve their personal as well as organisational goals and objectives.
P2) Explain Strength and weakness of different approaches to management in recruitment and selection Recruitment and selection is the basic function of human resource management of every organisation. Hiring of best individual who will be profitable for business is a challenge for HR people. Every person hired in the company has to be promoting in success of business in one way or the other (Chelladurai and Kerwin, 2017). HR people are responsible for providing and managing workforce of the Barclays Bank. Some of the approaches used in this bank are discussed as under- Approaches to workforce planning:Workforce planning is defined as the the process which involve in aligning organisational objectives and goals with the goals of workforce of that organisation. Barclays Bank ensures that employees who have skills and abilities to perform a particular task are available when they are in need in the organisation. Approaches to reward:The total reward management is an approach which focus on tangible and intangible rewards of the employees. Human resource management of Barclays bank provide tangible reward i.e. financial stability and intangible reward i.e. luxurious need of employee. By providing these rewards the company easily motivates employees for working efficiently. Approachestoperformancemanagement:Themanagersofhumanresource management in Barclays Bank continuously evaluates the performance of employees. They ensure that all employees are profitable to company as well as they are benefited by working in the organisation. Approach to training and development:There are basically two kinds of trainings provided by human resource management department of organisation. In Barclays bank on the job training is given to employees at the time of their joining. There are several kinds of other trainings provided to employees and employers like apprenticeship, employee orientation, health and safety, mentoring and coaching training (CHUANG and Liao, 2010). Barclays bank has a very effective recruitment and selection process. This helps to hire good people who work for the organisation who helps in meeting organisational goals and objectives. This bank uses both internal and external recruitment process. Internal recruitment:It is the recruitment process in which the candidates for job are chosen from existing workforce of organisation. This process helps in decreasing the extra
budget used in recruiting people from outside. There are following strength and weakness of this recruitment process- STRENGTHWEAKNESS It is a quick and cheaper way of recruitment. Management does not have to put efforts in explaining operations of business as that individual is already familiar with business operations. Employees get motivation as they get promoted to a higher designation. Organisation knows weakness and strength of that employee. It limits the organisation to reach other potential individuals applicable for job. As the existing employee is promoted to higher level it leaves present post vacant in the company. New innovative ideas of people from outside cannot be introduced. External recruitment:It is the process of recruitment in which suitable candidates are selected for vacant posts from outside the business. This process helps in introducing new ideas from outside the organisation which helps in growth and development (Daley, 2012). Company initiates a proper budget for recruitment process taking place outside business. There are following strength and weakness of this recruitment process- STRENGTHWEAKNESS Peoplehiredfromoutsidebusiness bring new and innovative ideas for the organisation. In external recruitment, HR department hasanopportunitytoselectbest candidatefromawidevarietyof individuals. It is an expensive process and it costs high to the organisation for advertising and interviews. It may not always be able to select the best candidate for job.
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Barclays bank uses both these type of recruitment process. When the management gets the suitable candidate inside the organisation that individual is promoted to that designation. On the other hand, sometimes selection is done by interviewing people from outside the business (Fulton, And et. al., 2011). Methods of selection in Barclays bank Barclays bank selection process does not involve providing of CV to the employer. It has changed traditional way of recruiting that includes CV. Barclays believes in selecting people on the basis of a 5 step of selection. Different stages involved in the selection process are register of interest, business insight stage I and II, Business meeting and offer or feedback. These stages are discussed below- Register interest:This is the first step of recruitment in Barclays bank. This involves filling of a basic form which consists of personal details and few questions regarding skills and abilities ofthe person. Business insight stage I:The person will be put in a hypothetical business situation which resembles business problems involved in Barclays working. In this the individual is made to watch video and answer questions given to him. Business insight stage II:In this stage people are given questions relating to a project and a task is given to that individual which resembles working of Barclays bank. Barclays Business meeting:This stage will take 3-5 hours. In this the person will be asked to perform a task related to area which he chooses. This is final stage of the selection process. Offer or feedback:This is last part of selection process. Barclays offers the appointment letter after evaluating the person on above tasks. Unfortunately if the person is not selected he/she is given a feedback on how to increase skills and do well in future. StrengthWeaknesses Initial level includes form with basic details and not CV Provides feedback to people when not selected in the bank. It is time consuming process (Glendon, Clarke and McKenna, 2016.). People will sometimes feel demotivated as they are evaluated on different skills.
P3) Different HRM practices in an organisation which can help employees as well as employers Human resource management practices are a part of human resource of the organisation which involves Implementing of HR strategy and it consists of system that are involved in doing business (Glendon, Clarke and McKenna, 2016). Best Human resource practise is a term that describes the practice which has best impact on the organisation and workforce. There are various HRM practices including recruitment and selection, training and development, work life balance and compensation. Some of the HRM practices are given below- Recruitment and selection:Barclays bank has a structured recruitment process to hire best people for their organisation. It consists of a five stage process that helps in recruiting individuals who posses all skills and abilities required to work in Barclays business. This recruitment process evaluates the person on various business scenarios existing in Barclays bank. This is a best recruitment selection in order to hire best people. It is an expensive recruitment process but it is worth for better selection of candidates. Training and development programs:The human resource management of Barclays bank organises different trainings for career development and growth of individual. People working in the organisation are provided different trainings and programs which includes apprenticeshiptrainings,employeeorientationprogram,healthandsafetytrainingsand mentoring and coaching training (Durão and et. al., 2012). Bank employees are known to experience stress and pressure and so they are involved in different motivational programs by the human resource management. This helps in relaxing their minds and work with enthusiasm and joy. Benefits to employeesBenefits to employers Training and development programs helps in building skills of the employee for betterment and making them competitive in business environment. HRM practices provide a healthy environment at Barclays bank workplace and increasing motivation level of their employees. Employers are able to increase efficiency and profits of Barclays bank by providing different career development trainings to its employees. HRM practices help to retain employees. Recruiting and selecting appropriate candidate for the organisation will help in achieving goals and objectives in
lesser time. P4) Different HRM practices that help an organisation to increase in profit and productivity HRM is a very important part in managing and controlling functions of employees working in the organisation. It is responsible for training employees for their betterment. This leads to making profits for the organisation. There are a number of HRM practices followed in Barclays Bank that includes selection of theright candidate and providing them training for enhancingtheirskillsandabilities.Thiswillhelpinachievinggoalsandobjectivesof organisation in specified time. It also provides a positive work environment to people working there. Employees give their best and perform better by having all such HRM practices followed in the organisation. There are followingHRM practices which are followed in Barclays bank that helps in increasing profitability of the company : Manpower planning:It is an important job of Human resource management in which an action program is made with clear plans and strategy to make solutions for demand and supply gap, succession gaps and competency gaps. Interviews for career development are organised for employees of Barclays bank to have a continuous evaluation of their personal as well as organisational goals. This interview helps to increase aspiration and motivation of staff. Performance management system:This is a management process which is used in evaluating the performance of employees. Barclays bank management aligns vision, mission and objective of the company with the goals and objectivesof workforce (CHUANG, and Liao, 2010).Skillandcompetencygapsareidentifiedbyusingthissystemofperformance management and this is improved by providing coaching, guidance and trainings employees at different level of organisation. P5) The importance of employee relation with respect to influencing HRM and decision making Employee relation refers to the bond and relation that employees share at the workplace. There is employee relation and engagement approach applied by the management of Barclays bank. This approach provides a healthy environment for employees and in this way fights and conflicts at workplace decreases. When there is an existence of good employee relation then employee are more engaged towards their work. This helps in maximising efficiency of
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employees as well as organisation. Barclays bank follow this approach in their workplace as employees will give new and innovative ideas which will result in growth and development of the company. HRM decision making is influenced by employee relation in the following ways- The human resource management involves employees and managers in the decision making process because is any decision is taken in the company employees will get affected. A healthy relationship between managers and staff will help HR team to understand demands and needs of them. HR manager takes decisions for company after evaluating their needs as it will be good for employees as well as organization. In Barclays bank, the HR team has a good relation with staff and other employees and they take collaborative decisions to be implied for better results. A healthy relationship between HR managers and employees helps in reduction of unnecessary fights and conflicts in the business environment. The HR team and manager of Barclays Bank ensures in providing positive environment to its employees for increasing the efficiency and productivity of company. P6) Identify the key elements of employment legislation and the impact it has upon HRM decision-making Every organisation is required to abide by some employment laws for the smooth running of the business. By following these legislations, Barclays bank make it sure that they do not face any kind of legal action which negatively impacts the goodwill of organisation (Durão and et. al., 2012). Most common laws which affects the HRM decision making are as follows: Occupational Health and Safety Act, 1970: The act came in force in 1970, is a US Labor Law. Occupational health and safety administration governed this law and this act require companies to develop an organisational culture which protects the workers from unsafe work environment. Barclays Bank recognise the importance of this law and thus, the top authorities of this enterprise ensure that there is no violation of this act in order to avoid any intervention from government or professional bodies. Civil Rights Act, 1964:This act was sanctioned in 1964. This Law is used by the companies to protect the employees from discriminations which is based on color, religion, sex and national origin. After acknowledging this law by Barclays Bank, top management along with
Human Resource Department decides to implement this act in the organisation for fair running of the company. Fair Labor Standards Act, 1938:This act was enacted in 1938 since then it has been revised many times. This law governs minimum wages to the workers, overtime payment to the employees who work more than 40 hours in a week. Barclays bank knows the importance of this law and decides to use this for the development of their workers. The Equal Pay Act, 1970:This act was based on the Equal Pay Act of 1963 of United States. The main aim of using this act is to eliminate discriminations between men and women, on the scale of payment and working conditions. By implementing this act in Barclays bank they promotes gender equality within the organisation or across the world. Impact of employment legislation upon HRM decision-making Human Resource Managers are responsible for taking decisions relating to the employees of the organisation. HR of Barclays bank is responsible for the implementation of theabove mentioned legislations in the enterprise and ensure that the staff abide by these laws. Training of other management personnels is also the role of human resource to make sure that these legislations are being upheld by the entity (Shuck, and Wollard, 2010). HR manager within this bank ensure that all the decisions taken by them are in accordance with the legislations enforced by statute. This assists in developing an organisational culture which conducts activities and transactions as per the manner stipulated by law. TASK 2 P7) The application of HRM practices in a work-related context. Application of HRM practices in Barclays Bank It is important for Barclays bank to manage its employees in an effective manner. This helps in increasing the performance of employees at workplace. HRM practices in this bank helps in improving employee's presentation and effectiveness and a performance management is used in the organisation i.e. Performance management system.Barclays bank management aligns vision, mission and objective of the company with the goals and objectivesof workforce and it helpsinfillingskillandcompetencygapswhichareidentifiedbyusingperformance
management system (Fulton, And et. al., 2011). Employees are provided coaching, guidance and trainings at different management level of organisation. Job Description Job Details Post: HR Manager Company: Barclays Bank Job Purpose Enthusiastic and dynamic candidates are invited for the job position of HR Manager. The applicants must have a good communication skill and well trained in all aspects of Human resource. Additionally, the applicant should organise trainings and seminars for benefiting the organisation. Roles & Responsibilities The HR manager is responsible for implication of good HR policies and strategies for development of employees. Initiating different programs and trainings in order to increase employee engagement and motivation. Person Specification Post:HR Manager Department:HR department Key:This shows what is required as an evidence: (A): Application form, (I): Interview, (R): Role AttributesEssentialDesirable Qualification& Experience Diploma or Post- graduation in management field from any college. Minimum 4 years of working experience as Experience of working in HR departmental filed in relation to management sector
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working in a HR department Skills or knowledgeEffective communication skills in both written and verbal. Abilitytounderstand businesscompetency andmakeemployees better by implementing new systems and way of working. Creation of Structured Interview –HR managers of Barclays Bank can attract a huge number of candidates by giving this Job advertisement on website, Job portals, magazine and newspaper advertisements (Daley, 2012). The HR will conduct an interview which will contain basic questions about goals and life of the candidate. What are the roles of HR Manager in development and growth of organisation? Why there is an need to develop positive relationship among employees at workplace? How can trainings affect the performance of employee? Why our bank should hire you? Job Offer Letter Mr./Ms,Last-Name Address City, State Zip Code Dear Mr./Ms. Last Name, Our Barclays Bankis privileged to offer you the position of HR Manager. According to our company's judgement, your experience and skills is appropriate as per our requirement. As discussed in assessment your joining date is March 7, 2019. The salary offered to you is $25,000 per year and it will be paid on a monthly basis. Company will offer medical insurance, conveyance charge, accommodation and food facility. Barclays Bank is offering LOP facility, if any urgent leave is required by any employee. In addition with this, the eligibility for the retirement plan from company begins from 3 months after your joining date.
If you accept this offer, please let us know by signing the second copy of this letter and return it to us as soon as possible. When your acknowledgement is received, we will discussabout other formalities with you in the company itself. If you have any doubts or query then please let us know if we help you any case or we can provide any additional information to you. Sincerely, First-name,Last-Name Director,Human-Resources Barclays Bank ____________ I hereby accept the HR Manager, HR department position. _____________________________ Signature _____________________________ Date ---------------------------- CONCLUSION From the above report it has been analysed that HRM plays an essential role in an organisation. It ensures continuous growth and development of employees to benefit the organisation.There are different functions of HRM which are performed like planning, Directing, Recruitment, Training and development. There are two kinds of approaches, hard approach and soft approach of management which are used by managers in different business situations.TherearevariousHRMpracticeswhichhelpsinincreasingprofitabilityand productivity of a company. A specific procedure is followed by different organisations to hire employees. There are key elements of employment legislation and it impacts the HRM decision- making.
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