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Human Resource Management INTRODUCTION 1 P1. Purposes and Functions

   

Added on  2021-01-03

16 Pages4993 Words337 Views
Human ResourceManagement

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purposes and functions of human resource management.................................................1P2. Strengths and weaknesses of different approaches to recruitment and selection.............3TASK 2............................................................................................................................................5P3. Benefits of human resource management practices for both employer and employees. .5P4. Effectiveness of different human resource management practices for profits andproductivity.............................................................................................................................6TASK 3............................................................................................................................................8P5 Importance of employee relations in respect to influencing HRM decision making........8P6 Employment legislation that impact upon HRM decision making...................................9TASK 4..........................................................................................................................................10P7 Application of HRM........................................................................................................10CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONHuman resource management is backbone for every organisation. Through the assistanceof HR management, right person can be placed at right position. This helps in to motivate theiremployees through various activities such as recruiting, staffing, selecting, training, rewarding,performance appraisal and many more. Human resource department is generally used forcreating, putting effects on employees and organization by using different working policies andprocedures. Therefore, humans are considered as a biggest contribution for an efficient,productive manpower that gears business enterprise in the progress to maintain their reputationin the market place (Hendry, 2012).This report covers the purpose and functions of human resource management that areused for planning and resourcing of JP Morgan is an American International investment bankthat provide financial and other banking services as well. This has been enlisted as one of themost valuable banking organisation on the grounds of market capitalisation. This project bring anoutline on the benefits of human resource management for both employees and employers andeffectiveness of different HRM to increase the level of profits and productivity.TASK 1P1. Purposes and functions of human resource managementHuman resource management is an eminent part for every business organization. Withouta HR department, the workers will not able to focus on their goals and targets which they want toachieve. It deals with the problems related to employees such as hiring, training, development,compensation, effective communication with their clients and so on. This assist in determiningthe functions that are performed by using various strategies and theories (Bratton and Gold,2017). They also, helps in to analysing the different human resource procedures such asdeveloping skills, knowledge, motivation, managerial skills and so on. Therefore, it is anessential element for JP Morgan to target their customers in such a way, so that they able to grabcustomer's attention. Strategic human resource management is necessary for programs, policiesand practices to achieve the firms objectives. The nature and scope of strategic human resourcemanagement, these are described in below as:1

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