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The Role of HRM in Organisational Performance and Profit

   

Added on  2020-10-23

14 Pages4859 Words114 Views
Human ResourceManagement
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INTRODUCTION.................................................................................................................................4TASK 1.................................................................................................................................................4P1 Purpose and functions of HRM in the workforce planning and resourcing an organisation.........4P2 Explain the strengths and weaknesses of different approaches to recruitment and selection........6TASK 2.................................................................................................................................................7P3 Explain the benefits of different HRM practices for employer and employee..............................7P4 Effectiveness of different HRM practices for organisational profit and productivity...................9TASK 3.................................................................................................................................................9P5 Importance of employee relation in respect of influencing HRM decision making......................9P6 Key elements of employment legislation and its impact upon HRM decision making...............11TASK 4...............................................................................................................................................12P7 Application of HRM practices in work related context, using specific examples.......................12CONCLUSION...................................................................................................................................14REFRENCES......................................................................................................................................15
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INTRODUCTION Human resource management is defined as the area of management that has a strategicapproach for effective utilisation of resources and effective workforce (Alfes and et. al., 2013). Thishelps in gaining competitive advantage in business and achieving goals and objectives of theorganisation. Human resource management is helps in gaining strength and it provides opportunitiesfor growth of business. This report will be carried on Marks & Spencer Plc is the leadingmultinational retailer which lead its business in clothing, home care products, food product and luxurygoods. This report will cover various purpose and function of the HRM in the context and also thestrength and weaknesses of different approach of recruitment and selection stage. This will alsoexplain benefits of different HRM practices in context with both employer and employee. Apart fromthis, it will help in knowing importance of an employee relation to influence decision making and keyelements of employment legislation. TASK 1 P1 Purpose and functions of HRM in the workforce planning and resourcing an organisation. Human resource management is defined as a strategic approach for establishing an effectivemanagement in the organization. A proper human resource management helps in gaining businessadvantage for the long period of time. HRM is designed for enhancing the efficiency and performanceof an employee. This provides an opportunity for accomplishing the defined goals or targets of anorganisation. In context with Marks & Spencer, purpose and function of the human resourcemanagement should be well-defined and acknowledged. Marks & Spencer is the leading clothes andgarments retailer in United Kingdom. Therefore, it is essential that HRM of this organisation isorganised in such a way that goals or objectives of a company should be achieved properly andeffectively. There are following purpose and function of the human resource management that arediscussed below-Purpose: The human resource management of any organisation has a purpose for regulatingand ensuring effective functioning of HR practices. This helps in maintaining the functions andbusiness activities of the company. This helps in achieving long term goals or objectives of anorganisation (Budhwar and Debrah, 2013). Therefore, it is essential for Marks & Spencer to link theneeds of employees with different strategies and planning of the company. HRM makes effectivepurpose for motivating employees and meeting the targets and goals of the organisationFunction: Organisation is a place which consists of different people working together forachieving a specific purpose. HRM is involved in hiring workforce and giving them training and
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development for motivating these employees and making them achieve company's objectives anddefined targets. In context with Marks & Spencer, there are various functions of human resourcemanagement which are as follows:Recruitment & Selection: This is the main function of human resource management of thecompany for recruiting the best candidate for working in the organisation. These are given trainingsand career development sessions that will for fulfil the required vacancy of the company. A rightcandidate is a person who possess right skills, talent, knowledge and information. For this purpose,HR professional needs to be very competent for judging and noticing the behaviour, attitude andpersonality of an individual. Orientation: It means process when any new employee introduced to existing employer's andemployee, aware about infrastructure, systems, hierarchical structure, products an d service of anorganisation (Messersmith and et. al., 2011). In context with Marks & Spencer, it is the duty of HRprofessional to make new employee aware about the current and future trends and past of thecompany. In this function HR should provide the clear insight about the vision & Mission of thecompany, targets, products or services etc. Training and development: This is the prime and foremost function of every organisation. Incontext with Marks & Spencer, after the recruitment & selection and orientation of an employee, nextphase is training and development of them. This phase is very challenging and critical activities of theHR professional, where an employee needs to learn, adapt and gain various: Knowledge: Regarding the current market scenario, about company, their products orservices, customer profile, acknowledgement etc.Skills: Such as communication skills, attitude building, personality development, dressingsense, customer engagement etc. For Marks & Spencer, it is the major duty and responsibility of the HR manager to make surethat all the activities regarding the training and development should be conducted with proper rulesand regulations. Managing employee performance: In context with Marks & Spencer, it is necessary to haveeffective employees so that they can perform well and builds company’s reputation and image inmarket. A good performance of employee is obtained from high level motivation, inspiration, andconfidence given by the seniors and top level executives and person. In order to enhance performanceof an employee, Marks & Spencer should provide bonuses, perks, appreciations, certificates, adequatepay and compensation, performance based incentives etc. This will help company to attain their longterm objectives and goals.
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