Human Resource Management LV=
Added on 2021-02-20
16 Pages5109 Words25 Views
Human ResourceManagement
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1a) Explains what HRM is and identifies the functions of HRM within LV...........................1b) Assesses how these functions relate to workforce planning and resourcing within LV andtherefore its importance to the organization...........................................................................2c) Critically evaluates the strengths and weaknesses of LV=’s Recruitment and Selectionprocess....................................................................................................................................2ACTIVITY 2....................................................................................................................................5a) Create a person specification..............................................................................................5b) Review the CVs provided from the three job applicants for the role of Personal Assistant6c) Produce at least six competency-based questions..............................................................7ACTIVITY 3....................................................................................................................................8a) Learning and development opportunities for staff, from both an organisation and staffperspective..............................................................................................................................8b) Rewards and benefits provided by LV= to its staff, from both an organisation and staffperspective..............................................................................................................................9ACTIVITY 4..................................................................................................................................10a) Explains what is meant by the term employee relations and why is so important for LV= tohave effective employee relations?......................................................................................10b) Critically evaluates the role of leadership, as defined by LV= on its website, in maintainingeffective employee relations within the organisation...........................................................11c) Identifies the key elements of UK employment legislation.............................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14
INTRODUCTIONHuman resource management is considered as the strategic procedures by whichefficacious workforce management is maintained into firm. This mainly aids in developing acompetitive advantage for longer period. It focuses upon managing the individuals inorganisation and also emphasizing upon systems as well as policies (Bamberger, Biron andMeshoulam, 2014). Moreover, it assists in attaining organisational objectives timely throughdeveloping positive attitude among staff. According to the scenario, the chosen company for thisreport LV=, which is the largest friendly society in UK. It is developed in year 1843 andfacilitates board range of financial services such as pensions, life insurance and investmentproducts. Also, it have above 5.8 million consumers and 5500 employees within 14 offices in allover UK. This report covers explanation of HRM, its functions, strengths and weaknesses ofrecruitment and selection procedures, person specification, CV's, and formulation of competencybased questions. Moreover, learning and development opportunities for staff, benefits andrewards facilitated through firm, employee relation and its importance and role of leadership areexplained. Apart from this, the key element of UK employment legislation are also discussed inthis report. ACTIVITY 1a) Explains what HRM is and identifies the functions of HRM within LVDefinition of HRMHuman resource management is defined as the part of company which is related with thedimensions of individuals. Moreover, this is concerned with recruiting, encouraging as well asmaintaining personnel within company. It deals with problems associated to staff like hiring,,training, development communication and others. Functions and activities of HRMThere are various function and activities of human resource management such as traininga development, managing employee relation and many others. Some of the HRM functions thatare performed in LV= are discussed below:Recruitment: It is considered as the essential function and activities of HRM as this is thesystem of grabbing the attention, assessing and recruiting employees for organisation (Brattonand Gold, 2017). The main intent of this particular functions is to attract talented and skilful1
applicants and encourage the unqualified one to prefer itself out. With the assistance of thisHRM function, human resource manager of LV=can hire the proficient personnel in efficaciousas well as appropriate manner. Training and development: It is also known as the one of the significant HRM activities andfunctions as training and development assists them to provides sessions as well as programmesrelated to this to its workers at continuous basis. This aids LV= to enhance the skills andknowledge of their staff so that they can able to perform in effective and efficient way froattaining organisational objectives.b) Assesses how these functions relate to workforce planning and resourcing within LV andtherefore its importance to the organizationWorkforce PlanningThis is defined as the procedures of aligning the requirements of personnel withincompany as well as deploying by performing the procedures of recruitment effectively andefficiently (Cascio, 2015). This aids LV= in filling the vacancy as per the needs of skills andknowledge required for performing the work into company in efficacious manner. Recruitment: As this is known as the essential function of human resources managementin LV= because with the help of this they can able to attract more number of personneland accomplish the vacant post effectively and efficiently.Training and development: This functions and activities of human resourcemanagement facilitates their staff an effective knowledge as well as develop their skills inefficient way. moreover, this aids LV= to retain their workforce for the longer durationwhich is crucial for company as they will not lose any proficient employees.c) Critically evaluates the strengths and weaknesses of LV=’s Recruitment and Selection processRecruitment: This is the procedures to identify, hire as well as eventually on-board jobscandidates. Moreover, this involves the whole hiring process from inception to people recruit'sintegration into firm. In respect of LV=, they are using the following two process:Internal: This is considered as the recruitment procedures the staff get hired from insideorganisation (Chelladurai, and Kerwin, 2018). Herein, opportunities are provided to the personwho is the part of company. LV=can recruit candidates from their existing staff throughperforming promotion and transfer. Its strengths and weaknesses are discussed below:Strengths:2
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