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Human Resources Resource Management InTRODUCTION 3 1.2 Assessing the Impact of HRM on Company Performance

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Added on  2020-01-07

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Posh RESOURCE MANAGEMENT INTRODUCTION 3 1.2 Assessing how human resource management function assist company in attaining its purpose 4 1.3 Evaluating the roles and responsibilities of line manager in HRM5 1.4 Analysing how legal and regulatory framework impact the human resource management practices of cited firm. 7 2.3 Comparing the recruitment and selection process of Posh Nosh Ltd to Tesco PLC8 2.4 Evaluating the effectiveness of therecruitment and selection techniques in two company 8 TASK 39 3.1 Link between motivation theory and reward9

Human Resources Resource Management InTRODUCTION 3 1.2 Assessing the Impact of HRM on Company Performance

   Added on 2020-01-07

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TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................31.2 Assessing how human resource management function assist company in attaining itspurpose.........................................................................................................................................41.3 Evaluating the roles and responsibilities of line manager in HRM ......................................51.4 Analysing how legal and regulatory framework impact the human resource managementpractices of cited firm. ................................................................................................................5TASK 2............................................................................................................................................62.1 Analysing the reasons for human resource planning ............................................................62.2 Outline the stages of HR planning.........................................................................................72.3 Comparing the recruitment and selection process of Posh Nosh Ltd to Tesco PLC............82.4 Evaluating the effectiveness of the recruitment and selection techniques in two company..8TASK 3 ...........................................................................................................................................93.1 Link between motivation theory and reward.........................................................................93.2 Process of job evaluation and other factors determining pay..............................................103.3 Effectiveness of reward system In Posh Nosh Limited.......................................................103.4 List of various methods used by cited firm to monitor employee performance .................10TASK 4..........................................................................................................................................104.1 Identifying the circumstances for cessation of employment in Posh Nosh Ltd...................104.2 Describing the exit process used within cited firm and Tesco.............................................114.3 The impact of regulatory frameworks on employee cessation arrangements......................11CONCLUSION .............................................................................................................................11REFERENCES..............................................................................................................................122
Human Resources Resource Management InTRODUCTION 3 1.2 Assessing the Impact of HRM on Company Performance_2
INTRODUCTION Human resource management (HRM) can be defined as a formal method that is usedwithin enterprises to manage human inventory as well as their skills, knowledge and capabilitiesso as to ensure continuous increase in the performance of business. The main goal of HRM is toenhance the performance of workforce so as to facilitate attainment of organizational goals. Itfurther helps in improving the efficiency of employees and their productivity so that they canbecome more vital asset for business (Boxall and Purcell, 2011). In this report, various aspects ofhuman resource management will be studied in context of Posh Nosh Limited. It is a Londonbased food retail store that provides dine in, catering and takeaway services to the range ofcustomers through its ten outlets. In this report, learning will be shown regarding the function ofHRM in contributing to organizational purpose. Link between motivational theory and rewardsystem will be explained. Further, impact of legal and regulatory framework on employeecessation arrangements will also be analysed. TASK 11.1 Difference between personnel and human resource managementIn order to manage the human inventory, organizations can consider both the traditionalas well as modern method (Dowling, 2008). In this respect, personnel and human resourcemanagement practices can be considered by entities. However, there are many differences inboth the approaches and these are listed as follows: Personnel ManagementHuman Resource Management It is the traditional method of managingemployees within the entity.It is the modern way of administrating humanresources along with their efficiency, skills andknowledge. It emphasizes on the management ofemployees, ensuring their welfare andmaintaining labor relation (Lengnick-Hall andet.al., 2009). HRM emphasizes on nurturing employeealong with ensuring their motivation,development and engagement. Here, employees are considered as machinesand tools of generating business. Here, personnel are treated as valuable assetswhich must be developed and retained for longterm success (Schuler and Jackson,, 2008). 3
Human Resources Resource Management InTRODUCTION 3 1.2 Assessing the Impact of HRM on Company Performance_3
There is low level of interaction betweenmanagement and employees, HRM practices ensure direct communicationbetween both the parties.Here, management plays transactional role. Management adopt transformational role. Manpower is solely used for the benefit oforganization. Employees are used for attaining mutualadvantages.It is a cost centered approach where concern ofmanagement is related to reduce expenditureincurred on manpower (Guest, 2011). It is a profit centered approach which considersinvestment on employees for gaining futurebenefits. It is considered separately from theorganization. HRM is regarded as an inbuilt part of thecompany. Considering the above differences, it will be viable for HR consultant to suggest Humanresource management for the client company. It is the better approach as it helps in buildingstrong and competent human inventory and using the same for organizational success. 1.2 Assessing how human resource management function assist in attaining company’s purposeThe purpose of Posh Nosh Ltd. is to become a leading food retailer of London and buildstrong loyalty among its customers (MacLeod and Clarke, 2009). Here, employees will play animportant role as they will furnish the best quality services to the buyers and perform severaltasks that will help company in attaining its objectives. In this respect, there are many functionsthat are performed by HRM which are listed as follows:Recruitment and Selection: It is an important approach that helps company in searchingthe competent candidates for employment and encouraging them to apply for vacant job.Selection process includes a range of procedures through which individuals are screenedfor the purpose of selecting the best candidate for the vacant job position (Avey and et.al,2011) Training and development: It is an effective process that will help Posh Nosh Ltd inimproving the efficiency of its employees by providing them various trainings. It furtheraids employees in performing assigned task in the best manner and thus, it improves theiroverall productivity. It also provides professional development opportunity to theemployees. 4
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