Human Resource Management Practices at Amana Bank, Sri Lanka

Hassan Unit-3 Human Resource Management: Amana bank,
Sri Lanka

Table of Contents
Introduction................................................................................................................................3
LO1 Explain the purpose and scope of Human Resource Management in terms of resourcing
in your chosen organisation with talent and skills appropriate to fulfill business objectives....4
Explain the purpose and the functions of HRM, applicable to workforce planning and
resources in your chosen organisation. [P1]..............................................................................4
Using examples from your chosen organisation, explain the strengths and weaknesses of
different approaches to recruitment and selection. [P2].............................................................5
LO2 Evaluate the effectiveness of the key elements of Human Resource Management in an
organisation................................................................................................................................6
Explain how different HRM practices benefit the management and employees of your chosen
organisation [P3]........................................................................................................................6
Evaluate the effectiveness of different HRM practices in your chosen organisation in terms of
raising organizational profit and productivity [P4]....................................................................7
LO3 Analyze internal and external factors that affect Human Resource Management
decision-making, including employment legislation.................................................................8
Analyze the importance of employee relations in your chosen organisation in respect to
influencing HRM decision-making. [P5]...................................................................................8
Identify the key elements of employment legislation and the impact it has upon HRM
decision-making in your chosen organisation. [P6]...................................................................8
LO4 Apply Human Resource Management practices in a work-related context.....................10
Illustrate the application of HRM practices in a work-related context, using specific examples
from your chosen organisation [P7].........................................................................................10
Conclusion................................................................................................................................13
Reference List:.........................................................................................................................14

Introduction
The department of Human Resource has become one of the most essential and important in
an organizational context. For every organization, there is both, short term as well as long-
term goals. In order to meet up with the both, it becomes very essential and important for
them to employ certain strategies and plans, which shall help them to not only retain, but
enhance its market share and value. Human Resource Management refers to certain strategies
and plans implemented by an organization to bring in a proper management of its daily
activities and functioning. By providing an efficient working atmosphere, it becomes possible
for the organizations to meet up with its targets and goals.
Organizational background
The importance and significance of an enhanced Human Resource management shall be
provided in the project. As mentioned above, the Human Resource has become one of the
most important and significant component of an organization. Hence, it can be said that its
relevance and impact can only be observed and studied in an organizational context. For the
said reason, this study shall be conducted keeping in mind Amana Bank. The bank, which is
located in Sri Lanka has been into the market since the year 2009. Being licensed by the
Central Bank of Sri Lanka, the bank today comprises of nearly thirty branches spread all over
the nation (Issath Nimsith et al., 2015). Being a commercial bank, Amana Bank has
stakeholders who belong from various parts of the globe, such as Malaysia, Saudi Arabia and
Bangladesh.

LO1 Explain the purpose and scope of Human Resource Management in terms of
resourcing in your chosen organisation with talent and skills appropriate to fulfill
business objectives.
Explain the purpose and the functions of HRM, applicable to workforce planning and
resources in your chosen organisation. [P1]
The Human Resource department has been one of the major contributors to the growth and
development of an organization. The main purposes of an enhanced human resource
management are as follows:
 To look into it that the goals of the organization are achieved
 To ensure the fact that the best of employees are working for the organization
 To bring in harmony in the working atmosphere
 To look into that the needs of the employees are met up by the organization
 Enhance the productivity of the organization
In the case of Amana bank, the Human Resource department of the company must ensure the
fact that they work towards the betterment of the organization. They can do so by
highlighting the goals of the organizations to the employees and individuals who are working
there. Not only this, they also deeply evaluate the various candidates, review their profiles,
scrutinize the resumes and Curriculum Vitae, and based on them, they should employ and
hire the best of employees for the organization (De Bruecker et al., 2015). Only productive
and effective employees can help the organization to meet up with its goals and objectives in
the most efficient and optimum manner. However, the roles and responsibilities of an
enhanced HRM also incorporate the scope of employee needs.
The responsibilities of the HR department also are to employ strategies that shall help them to
look after their employees in the best manner possible. By providing rewards and incentives
to the employees, they can do so. Based on the performances of the employees, the Human
resource department may come up with various rewards programs. Employee retention is also
a crucial factor that heavily contributes to the betterment of an organization like Amana
Bank. By providing the employees with various entrepreneurial roles and responsibilities and
by involving them while taking or implementing organizational decisions, an enhanced