logo

Benefits of HRM Practices for Organizational Profit and Productivity

   

Added on  2023-01-06

16 Pages4485 Words50 Views
Business DevelopmentLeadership ManagementProfessional Development
 | 
 | 
 | 
`
Human resource
management
Benefits of HRM Practices for Organizational Profit and Productivity_1

`
Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
TASK1.............................................................................................................................................1
P1: Discuss the purpose and functions of HRM applied to workforce planning and resourcing
an organisation.............................................................................................................................1
P2 : Define the strengths and weaknesses of different approaches of recruitment and selection.
.....................................................................................................................................................3
TASK 2............................................................................................................................................4
P3. Explain the benefits of different HRM practices within an organisation for both the
employer and employee...............................................................................................................4
P4 Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity.................................................................................................................6
TASK 3............................................................................................................................................7
P6 Identify the key elements of employment legislation and the impact it has upon HRM
decision making...........................................................................................................................8
TASK4...........................................................................................................................................10
P7 : Demonstrate the application of HRM practices in a work related context with examples.
...................................................................................................................................................10
CONCLUSION..............................................................................................................................12
Benefits of HRM Practices for Organizational Profit and Productivity_2

`
Benefits of HRM Practices for Organizational Profit and Productivity_3

`
INTRODUCTION
Human resource management is defined as the process of recruiting, selecting, training
and developing the workforce within the organisation for effective processing of work and
employees of the organisation. HRM is an important function of management which ensures the
optimum utilisation of its workers..
Tesco Plc is a British multinational corporation with its headquarter in Welwyn garden
city, UK. This company is founded in 1919 by Jack Cohen and mainly deals in grocery and
general merchandise. It is considered as one of the largest global retailer of England, where
books, clothing, toys, electronics, software, telecom and internet services are its essential
products.
In this report the concept with purpose & functions of human resource management are
introduced in respect with Tesco Plc. Further, strengths and weaknesses of different approaches
of recruitment and selection are discussed. Benefits of employer and employees, effectiveness of
HRM practices are also included. Further, importance of employee relation in HRM decision-
making, key elements of employment legislation and HRM practices are explained with
examples.
TASK1
P1: Discuss the purpose and functions of HRM applied to workforce planning and resourcing an
organisation.
Human resource management is defined as the process of hiring the employees, giving
them training and then measuring their performance with actual results (Korff and et. al., 2017).
It is a strategic technique used by TESCO to effectively utilisation of human resources in the
organisation for smooth work force.
Functions of HRM :- Human resource management is related to the management of
people, there are different function of HRM such as- hiring employees, job analysis, performance
measuring, facilitating training and development programs, administration of salary, employee
welfare benefits. The major significant functions of management are as under:
1. Recruitment & selection :- The main function of HRM is to hiring, short-listing
and selecting the right candidate for the fulfilment of vacant positions in the
organisation (Morley and Heraty, 2019). Recruitment is defined as the process of
1
Benefits of HRM Practices for Organizational Profit and Productivity_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Benefits of Human Resource Management Practices in Organisations
|18
|4716
|61

Benefits of HRM Practices for Employers and Employees
|14
|4163
|79

Tesco Human Resource Management Report
|12
|3742
|43

Benefits of HRM Practices for Employers and Employees
|19
|5772
|39

Human Resource Management Report : Tesco Plc
|15
|3798
|28

Functions and Benefits of HRM Practices in an Organization
|15
|3963
|65