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Human Resource Management Assignment - Aldi company

   

Added on  2020-10-05

17 Pages5017 Words440 Views
HUMAN RESOURCEMANAGEMENT
Human Resource Management Assignment - Aldi company_1
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1. Explaining purpose and functions of HRM, applicable to workforce planning andresourcing....................................................................................................................................1P2. Explaining strengths and weaknesses of different approaches to recruitment and selection......................................................................................................................................................2LO 2.................................................................................................................................................3P3. Explaining benefits of different HRM practices within Aldi for both employer andemployee.....................................................................................................................................3P4. Evaluating effectiveness of different HRM practices in terms of raising profit andproductivity.................................................................................................................................4LO 3.................................................................................................................................................5P5. Analysing importance of employee relations in respect to influence HRM decisionmaking.........................................................................................................................................5P6. Identifying key elements of employment legislation and its impact upon HRM decisionmaking.........................................................................................................................................6LO 4.................................................................................................................................................7P7. Illustrating application of HRM practices in work related context.......................................7CONCLUSION................................................................................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONThe term human resource management is defined as an operation that has been performedin a particular company (Human Resource Management (HRM): Definition & Functions, 2018).This helps in designing maximum performance of the employees that later leads in meetingstrategic goals and objectives in particular company (Al Ariss, Cascio and Paauwe, 2014). Thus,in the following report, Aldi has been taken into consideration. It is a common brand of twogerman discount supermarkets that has over 10,000 stores in 20 countries. They also hasestimated combined turnover of more than 50 billion Euro.In the following report, the purpose and functions of HRM along with its strengths andweakness of different approaches is discussed. Furthermore, benefits of different HRM practicesand its approaches that raises organisational profit and productivity has also been explained. Inaddition to this, it also highlights on key elements of employee legislation and its impact onHRM decision making and applications of HRM practices. LO 1P1. Explaining purpose and functions of HRM, applicable to workforce planning and resourcing.Human resource management is a term that is defined as allowance in order to implementstrategies that helps the Aldi in bringing out innovation, productivity and efficiency in theemployees that are involved in particular organisation (Albrecht and et.al., 2015). It also helps increating bridge between line management and workers of Aldi in order to increase performanceof employees to their highest level that is corresponding to their role in a particular selectedorganisation. Further, workforce planning is defined as a process that is continuous and is used in orderto align needs and priorities of organisation with its workforce.Thus, purposes and functions of HRM are discussed as per below context-PURPOSESManagement of Internal customer- This is an important purpose that has to be fulfilled by HRM(Armstrong and Taylor, 2014). Thus, productivity of Aldi mainly depends on quality ofemployees they have in an enterprise. They first design the process and policies and laterimplements it that acts as a significant role in attracting, recruiting and retaining qualityworkforce. There must be a direct relationship with the financial performance of the stated
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company Aldi. Furthermore, they also have to serve customers that are internally involved inorder to create external relationships.Human resource planning- the future demand and supply is systematically forecasted along withdeployment of workers with respect to strategic objectives of Aldi. It also serves links betweenhuman resource management and strategic plan of the overall organisation. Furthermore, it alsohelps in identifying competencies that is being needed for fulfilling needs and goals of statedcompany and acquires those people that are appropriate for it.FUNCTIONSRecruitment and selection- the term recruitment is defined as selecting potentialcandidates that are qualified which are basically based on objective criteria for particularposition (Australian Human Rights Commission, 2016). The main aim of this is to attractapplicants that are qualified along with encouraging candidates that are unqualified inorder to bring themselves out. It is the most challenging task for the manager of HR as itrequires lots of resources and attention in a particular company. Selection is thereforedeveloped in order to guide decisions that is been done on recruitments. Thus, duringprocess of recruitment applicants are therefore assessed to that extent which they meetthe criteria of selection. Thus, selection is been done as per the overall suitability and bestfit with that criteria as compared to other candidates.Training and development- Training and development is very essential in order toachieve success in Aldi. This plays critical role in achieving long term profitability. Thisalso helps in making employee perfect in their respected position by acquiring more skillsand knowledge. This also helps in understanding process easily and also perform theirworks or tasks allocated to them by putting maximum efforts that later leads in achievinglong term sustainability. It plays role of attempting in order to improve current and futureperformance of an employee with help of increasing ability by educating and increasingtheir knowledge as well as skills. P2. Explaining strengths and weaknesses of different approaches to recruitment and selection.Recruitment of candidates plays a role of science as well as art. Aldi companyapproaches this in both reactive as well as proactive method (Bratton and Gold, 2017). Thishelps candidates in responding quickly to new jobs or any type of vacancies that are available for
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