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Benefits of HRM Practices for Employers and Employees

   

Added on  2023-01-20

17 Pages5504 Words61 Views
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HUMAN
RESOURCE
MANAGEMENT
Benefits of HRM Practices for Employers and Employees_1

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Purpose and function of HRM applicable to workforce planning and resourcing an
organisation.................................................................................................................................1
P2. Several strengths and weaknesses of different approaches to recruitment and selection. ...3
TASK 2............................................................................................................................................6
P3. Explain benefits of different HRM practices within organisation for both employer and
employee.....................................................................................................................................6
P4. Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity. ...............................................................................................................8
TASK 3............................................................................................................................................9
P5. Analyse the importance of employee relation in respect to influences HRM decision
making.........................................................................................................................................9
P6. Determine key elements of employment legislation which impacts HRM decision making.
...................................................................................................................................................10
TASK 4..........................................................................................................................................11
P7. Application of human resource management practices in a work related context..............11
CONCLUSION..............................................................................................................................14
REFERENECES............................................................................................................................15
Benefits of HRM Practices for Employers and Employees_2

INTRODUCTION
Human Resource Management is one of the most important department in an
organisation (Alexander, 2013). It is basically an operation in companies which is designed to
maximise employees overall performance in order to meet established goals of the business
organisation. Moreover, the prime focus of HRM is on people within the respective company
and emphasizing on several polices. It is a process which usually involves recruiting and
selecting employees. As well as providing proper induction and orientation in order to make
them comfortable in organisation. Furthermore, it also includes employees assessment like
encouragement, providing proper compensation as well as benefits, performance appraisal,
employee safety and many other. Scope of HRM is very wide. It consists of all functions which
are covered under the name of human resource management. This report is based on Tesco
which is an British Multinational Company. Its headquarter are in England, United Kingdom
which was founded by Jack Cohen. Tesco is an grocery and general merchandise which is the
third largest retailer in terms of gross revenue. Moreover, the purpose of this report is to
determine several function of human resources management applicable for planning and
resourcing an organisation. It will also include strengths and weakness of different approaches
of recruitment and selection. Moreover, evaluation of HRM practices which benefits employers
and employees will be covered that helps in raising organisational productivity as well as its
profitability. Analysation of employees relations and identification of key employment
legislation which impacts HRM decision making is also considered under this report.
TASK 1
P1. Purpose and function of HRM applicable to workforce planning and resourcing an
organisation
Human research management can be refers as a process of recruiting and selecting right
employees as well as conducting various activities for welfare of employees. This department
majorly work for improvement of employees performance which help organisation to achieve
goal and objectives (Alvesson and Willmott, 2012). There are various functions of HRM
applicable which leads to increase in performance of employees and improving overall
productivity of organisation. Human resource purpose is to motivate employees by maintaining
1
Benefits of HRM Practices for Employers and Employees_3

effective relationship with them and providing positive and healthy work environment so that
employees can work with their full potential. Workforce planning refers to a process of which
help in aligning the needs and priorities of company as well as people who work in organisation.
This process will ensure the organisation have enough current and future availability of human
capital. This is very important for effective and efficiency of organisation. Purpose and function
of Tesco company which helps in workforce planning and resourcing of organisation.
Purpose of HRM applicable
Enhancing employee relationship: Human resource department of Tesco company's
purpose is to manage employees and enhancing employees relationship with organisation. HRM
works to provide positive and healthy environment to employees of organisation so that each and
every employee can work with their full ability and potential (Ansoff and et.al , 2018). This play
a major role in workforce planning and resourcing of Tesco organisation. HR department is
responsible for planning of various activities which leads to motivating workforce of employees.
Performance management: This department of Tesco company have to plan regarding
performance management of employees. The purpose of human resource management is to
management performance of each and every employees in order to identity their contribution in
overall objective of organisation. This department plan to evaluating performance of employees
and as well as conduct various activities for improving performance of employees.
Functions of human resource management
Recruitment and selection: Human resource department function is find and hire right
employee for organisation. Recruiting and selecting right candidate at right place is very
important function of organisation. In recruitment process, HR department of Tesco company
role is to attract and stimulate high skilled employee within organisation. Selection is a process
of identifying and choosing right candidates with required ability for fill vacant job position in
company. HRM department have to develop effective and efficient recruitment and selection
plan so that company can hire right skill set in organisation.
Training and development: Training and development function play a essential role in
improving skills and ability of employees so that it leads to increase on overall productivity of
Tesco company. Human resource department will develop a plan for training employees and
identify best methods which help in development of employees. There are various methods of
2
Benefits of HRM Practices for Employers and Employees_4

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