Human Resource Management: A Case Study of HSBC Bank Plc

Human Resource
Management

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
Section 1...........................................................................................................................................4
Introduction about HSBC bank plc which includes objectives and mission statement as well. .4
Assess the strengths and weaknesses of dissimilar approaches of recruitment and selection
with support of examples ...........................................................................................................5
Section 2...........................................................................................................................................6
Describe about the benefits and limitations of the two HRM practices for HSBC and the
employee ....................................................................................................................................6
Assess that in which manner relevant HRM is to organisational effectiveness, efficiency and
profitability .................................................................................................................................7
Section 3...........................................................................................................................................8
Evaluate the importance of relations of employees in relation to the influencing HRM
decision-making..........................................................................................................................8
Assess the main elements of employment legislation and the impact it has on the HRM
decision-making..........................................................................................................................9
Explain about the application of HRM practices and provide rationale for its application in the
organisation ................................................................................................................................9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11
Appendixes....................................................................................................................................12

INTRODUCTION
Human resource management refers to the strategic approach of efficient and effective
management of people in an organisation or company such that they support their business in
order to gain a competitive advantage as well. In the present report, HSBC bank plc is taken into
consideration. HSBC was established in the year of 1865 who opened its door of business in
Hong Kong which supports in terms of trading between Asia and Europe(Al-Ayed., 2019). The
present report will cover analysis about importance of workforce planning to the goals of the
organisation and strengths and weaknesses of different approaches to recruitment and selection.
In addition to this, the report will cover discussion about benefits and limitations of the two
HRM practices for HRM and also about relevance of HRM to the organisational efficiency,
profitability and effectiveness. Moreover, the report will cover discussion about significance of
relation of employees in relation to the HRM decision making.
MAIN BODY
Section 1
Introduction about HSBC bank plc which includes objectives and mission statement as well
HSBC holdings is basically a British financial services holding company and
multinational investment bank which is the second largest bank in Europe behind BNP Paribas.
The main objective of HSBC holding is to open the world of opportunity regarding the reason
behind why they exist. They are basically here to use capabilities, unique expertise, perspectives
and breadth in order to open up new types of opportunities for their customers(Cherif., 2020).
The mission statement of HSBC holding plc is to target for where growth is and enables the
business to thrive and economies to prosper which ultimately help people in terms of fulfilling
the hopes and realise the ambitions as well. They provide customers with the best value in
energy and related services.
Evaluate the importance of workforce planning to the goals of an organisation and also consider
the role of strategic HRM which plays when considering resourcing needs for the global business
Workforce planning basically provides managers with a strategic basis in order to make
decisions of human resource. In context to HSBC holdings plc, the main goal of the bank is to
become leader in terms of providing services at global level and in business terms as well.

So workforce planning help in terms of identifying and responding towards the changing
needs of their customers and also identify the strategies for development of people into focused
manner. In relation to the role of strategic HRM, it is very important into context of resourcing
needs of global business. They basically contribute in terms of determining that in which manner
to resolve and identify the issues of work place as well. They also support in terms of attracting
the diverse kind of people by effective selection and recruitment process.
Assess the strengths and weaknesses of dissimilar approaches of recruitment and selection with
support of examples
There are certain strengths of different approaches of recruitment and selection. The main
strength of recruitment and selection is that it contribute in terms of faster hiring and it also
shorten the time which is needed in order to fill the open job positions. These approaches support
in terms of hiring the qualitative candidates(Cooke and et.al., 2015). There are certain
weaknesses of recruitment and selection approaches which includes in terms of higher cost and
there is no cultural fit as well. There is also lack in terms of employer branding. In context to
HSBC holding plc, the process of recruitment and approaches of recruitment basically vary
according to the role which has been applied and the location where the individual has applied
for. HSBC bank has changed its hiring procedure which is named as “HireVue Interview”. In
this kind of interview, the main purpose of interview is to save time of everyone and there is no
requirement to travel to the office when manager has already made up their mind on another
applicant. So in this manner, HSBC holding bank has plan themselves in order to hire and recruit
people into positive manner.
Section 2
Describe about the benefits and limitations of the two HRM practices for HSBC and the
employee
Learning, development and training: The main benefit of learning, development and training
of employees of HSBC bank is that to retain the employees into positive manner and also
develop future leaders into appropriate manner(Froese and et.al., 2018). They also contribute in
terms of empowering employees and also boosts the workforce engagement as well. The
learning, development and training of employees also lead towards building the stronger