Human Resource Management - NatWest Bank Assignment
Added on 2021-02-19
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Human Resource Management
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Explain purpose and functions of the HRM applicable to the workforce plan andresourcing...............................................................................................................................3P2 Explain strength and weaknesses of different approaches to recruitment and selection. .4TASK 2............................................................................................................................................5P3 Explain the benefits of different HRM practices for employer and employee.................5P4 Effectiveness of different HRM practices for organisational profit and productivity......6TASK 3............................................................................................................................................7P5 Importance of employee relations in respect to influencing HRM decision making........7P6 Key elements of employment legislation and the impact it has upon HRM decision making................................................................................................................................................8TASK 4............................................................................................................................................8P7 Application of HRM practices in a work-related context.................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONHRM is an area of management deals to manage people & human resource in anorganisation. Using human resource, business firm have major suitability to enhances growthbased learning or development for a long time period. In current era, role of HRM is to gatherbusiness outcomes or results in the given time period (LATHAM and ARSHOFF, 2013). Thisreport will be carry on NatWest Bank which is a leading retail and commercial bank in an entireUK. This firm was established in 1968 by the merger of national provincial bank andWestminster bank, since 2000. Following report Also, report will also carried oncarry outdiscussion of purpose & function of the HRM, strength and weaknesses of different approachesto recruitment & selection and benefits of a different HRM practices and evaluation of aneffectiveness of different practices. Also, report will put its emphasises on theimportancesimportance of an employee relations in response of making HRM decision makingmore effective. TASK 1P1 Explain purpose and functions of the HRM applicable to the workforce plan and resourcingHuman resource management is all about management of people into the workplace andpreparation of the defined policies or plan to control workforce regulation at the defined manner.Human resource Dept. in the business firm is supposed to implements and action planning &strategic determining to solve HR queries. In context of NatWest bank, purpose of Humanresources Dept. is to maintain people management and also handling issues or problems forbenefits of the business firm. Also, purpose of the human resources is to takes out action planand to be converted into final decision making. Role or purpose of the HR Dept. is to give outcompetitive edge to the business and its rising operation on the optimised side. NatWest bank isone of a leading retail bank, whose focus is to serve their customer with their priorities or targetto be achieves in given point of time (Fine, 2012). NatWest bank is focused to empower theirpeople to enhance business outcomes or targets attain more relevantly or properly. HR Dept. ofNatWest is trained to give training & orientation to their employee's to gathers an effectivepersonnel management in this leading bank. Function of the HRM is to recruitment or selection of an effective personnel with help ofwhich business goals or purpose can also be accomplisheds in given point of time. T&D is the
function of HRM in which training & development to new hired employees will be given alongwith an orientation on how NatWest bank uses to be work or functions in their day to dayoperation. Also, the function to the HRM is of checking long term suitability for businessorganisation. Hence, purpose of the HRM is to makes clear understanding on perspectives ofhow organisation functioning is undertaken and how long this Dept. have capacity to work forbetterment of this leading retail bank.P2 Explain strength and weaknesses of different approaches to recruitment and selectionRecruitment is the process of searching for the right candidates and stimulating them toapply for the job. The purpose of recruitment is to looking for right people and perform initialscreening of an application received from candidates (Szamosi, 2018). Selection comes afterrecruitment, in which kind of the tests and round of an interviews are to be taken. In context ofNatWest bank, recruitment and selection plays vital role to hires skilled and talented people, inwhich both internal & external approach comes under consideration. The explanation of internaland external approaches to recruitment are as given under: Internal approaches: These includes promotion, transfer, present employees, with whichpurpose is to hire employees who have perfect awareness of internal or external environment ofan organisation. Advantage is saving of the cost & time and disadvantage is lack of talented poolof the candidates. Promotion and transfer of an existing employeesemployee will helps to getsright person for higher job role with help of which organisational aims will be achieve. External approaches: This method of recruitment is used to consider outsides peopleusing support of an employment agencies, campus placement, job fairs, off campus, websites andreferral are some of the external approaches to recruitment. Using external approaches, pool ofthe talented people can be attracts comes who have wider knowledge & information, skills to dowork productively. Also, this approach will be right option to attract pool of candidates to doapply for the job roles, because of external recruitment, expectancy of goals or objectives wouldbe achieves and in this regards, NatWest bank is required to invest huge on people training ororientation to lend their awareness on company information. The advantage of the external recruitment is is that it to attractss pool of the talentedpeoples and manpower with the defined ability or focuses to performs business functions(Johnson, 2017). Also, using external method of recruitment, manpower gap requirement is
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