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Human Resource Management Assignment : LV= Company

   

Added on  2021-02-20

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Human ResourceManagementTable of Contents

INTRODUCTION...............................................................................................................5ACTIVITY 1........................................................................................................................5a) What is HRM and identify its functions in context with LV=......................................5b) How these function relates to workforce planning in LV= and their significance tothe organization as a whole...........................................................................................6c) Critically evaluates strength and weakness of LV='s selection and recruitmentprocess. How process can be influenced in order to select best candidate for a role.Along with the extent to which it assist LV= to becoming an 'Employer of choice'.......7ACTIVITY 2........................................................................................................................8(a) Person specification for personal assistant role by using job description...............8(b) Review the CVs offered from three job applicants for the role of PersonalAssistant......................................................................................................................10(c) Six competency based questions to asked at the selection interview for thepersonal assistant vacancy as well as justify choice of questions personally............11ACTIVITY 3......................................................................................................................12(a) Learning and development opportunities for staff, from staff and organizationperspective both..........................................................................................................12(b) Rewards and benefits offered by LV= to its staff from both organization and staffperspective..................................................................................................................13ACTIVITY 4......................................................................................................................14(a) Employee relations and why it is necessary for LV= to have effective employeerelations.......................................................................................................................14(b) Critically evaluates role of leadership in context with LV=.....................................14(c) UK employment legislation and how they impact on HR decision making in LV=......................................................................................................................................15CONCLUSION.................................................................................................................16REFERENCES................................................................................................................17

INTRODUCTIONHuman resource management refers to the process of inducting employees,recruiting, selecting, hiring, offering orientation, training and development programmesand so on in order to make proper relation with employees towards achievingorganizational goals. HRM has 2 forms (academic activity and practice in organization)to exist in the market for long period of time. Human resource management is verymuch effective approach for people at workplace which define that what should be doneto make people more working and efficient towards firm. This assignment is based onLV= which is one of the largest society in UK. It was formed in the year of 1843 with thehelp of its employees and workers (Alfes and et. al., 2013). Along with its offers variousfinancial services such as life insurance, pensions, insurance and so on. Furtherdiscussion will be based on scope and purpose of HRM in terms of organization andresourcing talent to fulfil objectives of business. After this effectiveness of key elementsof HRM in context with organization. Together with internal and external factors thatinfluence decision making and employment legislation towards HRM. At last, humanresource practices in work related context will get covered.ACTIVITY 1a) What is HRM and identify its functions in context with LV=.It refers to the process of hiring, selecting, recruiting, deploying and managingoverall organisation's employees appropriately. It is also known as human resource insimple term. Therefore, within the organisation or a firm HR is always responsible todevelop effective government policies in the relationship of business industry as well asits employees. In simple words, it defines that people who always work for theorganisation, in aggregate. There are some functions of HRM in relation with LV=, thoseare following as under: Functions of HRM:Hiring and Recruitment: It is considered as the main function of resources andworkforce planning whereas, recruiting is the process of delivering a firm or anorganisation with new members and employees as well (Banfield, Kay and Royles,2018). With the help of this they can achieve goals properly. Hiring is a process for3

selecting appropriate knowledgeable candidates who can fulfil organisation's demandand needs. In reference with LV= manager of this society always hire and recruit skilledor knowledgeable people/candidates to increase productivity of society and theirservices as well. Therefore, it is useful for them to use proper utilization of planning andavailability of resources. Training and Development: It is most important function of human resourcemanagement. Training is known as the systematic setup in which employees can getlots of technical knowledge in context with their job. Development shows the maturityand growth of people. In relation with LV= they are providing this function to itsemployees so that they can learn better ways to operate overall financial activities andable to gain huge profit appropriately. Performance Appraisal: This process is based on daily basis reviews of anemployee's job performance and effective contribution to a company (Brewster, 2017).In reference with LV= they always analyse employee's performance first by observingtheir daily activity as well as their achievements. By having this sort of benefit foremployees respective firm can give better rewards and benefits to its employees inorder to achieve organisational goals.Purpose of HRM:The main purpose of HRM is to encourage people/candidates towards achievingorganisational goals by offering them different types of training and developmentprogrammes. In relation with LV= HR has purpose to increase employees workingperformance regularly to achieve appropriate goals efficiently. With the help of thisemployees can learn so many things and able to develop unique strategies to getdifferent output. b) How these function relates to workforce planning in LV= and their significance to theorganization as a whole.According to the above information about various HRM functions it has beenobserved that, LV= giving better performance to satisfying people needs and demandon time. By having various HRM practices they are growing rapidly to gain betteropportunities for future. This business always takes care of society's needs and providethem various financial services like insurance, life insurance and so on (Bratton and4

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