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Benefits of HRM Practices for Employers and Employees

   

Added on  2023-01-18

14 Pages4522 Words53 Views
Human Resource
Management
Benefits of HRM Practices for Employers and Employees_1
Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1 ...........................................................................................................................................3
P1 The purpose and functions of HRM .................................................................................3
P2 Explain the strengths and weaknesses of different approaches to recruitment and selection5
TASK 2............................................................................................................................................7
P3 Benefits of Human resource practices within an organisation for both employer and
employee's..............................................................................................................................7
Flexible arrangements............................................................................................................8
P4 Evaluate the effectiveness of different HRM practices ..................................................10
TASK 3..........................................................................................................................................10
P5 Analyse the importance of employee relations in respect to influencing HRM decision
making..................................................................................................................................10
P6 Key elements of employment legislation and its impact on HRM decision-making......11
TASK 4..........................................................................................................................................12
Covered in PPT.....................................................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
Benefits of HRM Practices for Employers and Employees_2
INTRODUCTION
Human resource management plays a most significant role in the organisation as it ensure
success and enhanced brand image of the company in the marketplace. HRM department within
an organisation conduct various activities like recruitment, selection, training and development
programs, motivational programs and many others. This department is mainly concern for
managing the employees and resources of the business so that they can get best outcomes within
limited period of time. This following assignment is based on the Mark and Spencer which is a
major British multinational retailer which headquarters are situated in Westminster and London.
This file will cover about the functions and activities of HRM along with their purpose of them
and description of labour market and their trends. Along with this, the different method of
recruitment and selection with their strengths and weaknesses also will define in this file. At last,
the impact of employment legislation on the decision-making of HRM also will consider in this
report.
TASK 1
P1 The purpose and functions of HRM
HRM considered as an effective process of recruiting, selecting, training and motivating
employees with the purpose of achieving the organisational goals effectively. It is a never ending
procedure as it is helpful in selecting the best employees within the organisation so that all the
activities can be carried out in an appropriate manner (Al-Refaie, 2015). The scope of HRM is
very high as it undertakes a range of functions within which ensures the success of the business
in marketplace. As M&S is dealing their operations globally due to which HR manager in this
organisation conduct various functions which are as follow:
Functions of HRM :-
Recruitment and selection: This is the core function of HR department as it refers to the
process of enchanting, evaluating and selecting best employees in the organisation from a
pool of prospective candidates. In this aspect the manager of M&S requires to give their
focus on creating a job description, publishing the vacant position, interviewing, salary
discussion and many others activities so that they can attract various candidates towards
the job and select best one for their firm.
Benefits of HRM Practices for Employers and Employees_3
Training and development :- This is the another crucial function of HR department
which pertains that business organisation like M&S must give their focus on providing
effective training and development programs to their employees so that they skills, talent
and knowledge can be increased and take advantage of it in successfully accomplishing
the organisational goals and objectives (Albrecht and et. al., 2015).
Purpose of the HRM
The HRM fulfils the staffing needs of the employees.
It helps in evaluating the performances of the employees and accordingly decides the
compensation for them.
The identify various benefits which are to be provided to the employees.
The ‘Best Fit’ approach vs ‘Best Practice
These both approaches are seems similar but these are very different from each other as
best fit approach pertains that all the HR strategies and methods must be aligned with
organisational strategies. In other words, it says that it is essential for an organisation to take
assurance that all the strategies are suitable in every situation, culture and operational process so
that they can accomplish the needs of the organisation as well as employees. Whereas, the best
practice approach says that certain set of activities are existing which universally support the
organisation in attaining competitive benefits regardless of organisational setting.
Hard and soft models
HRM considered as an effective concept which contains to distinct forms within like hard
and soft models. In this, hard HRM is that in which an organisation consider the employees same
as other resources like machinery and building. Whereas, in the soft HRM model employees are
considered as the most crucial part of the organisation and a main source of gaining competitive
advantage. In case of M&S, they must give their emphasis on soft HRM as it have positive
impact on employees which enables them in attaining the higher support and contribution of
employees in achieving the goals and targets (Daley, 2012).
Define labour market and their types
A labour market is the place where employer and workers make an interaction with each
other in which employers concern for employing for best candidates and workers focus on
gaining higher satisfaction. There are three types of labour market like physical and metal labour,
skilled and unskilled labour and productive and unproductive labour.
Benefits of HRM Practices for Employers and Employees_4

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