Human Resource Management Practices– Doc

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Added on 2021-02-21

Human Resource Management Practices– Doc

Added on 2021-02-21

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ContentsTASK 1..............................................................................................................................................................................................................................................................................................................................P3 Advantage of different Human Resource Management practices in terms of employee as well as employer ........................................................................................................................................................................................................................................................D2 Critical evaluation of HRM practices & its application in an organisation..............................................................................................................................................................................................................................................................................................................P4 Assessment of potentiality of HRM practices in rising the productivity and wealth of organisation. ......................................................................................................................................................................................................................................................M3 Evaluation of several methods utilised in Human resource management practices..........................................................................................................................................................................................................................................................................................REFERENCES............................................................................................................................................................................................................................................................................................................TASK 1P3 Advantage of different Human Resource Managementpractices in terms of employee as well as employer The objective of HRM is to assure that an enterprise achievessuccess through Human resource. The practices of Humanresource management assists the organization in accomplishingits effectiveness, management of human capital, knowledge andreward management, meeting the needs of employees andmanaging the employee relationship and resolve the issues(Morris, 2015). There are various HRM practices such aslearning, development & training practices, flexible workingoptions, employee performance management & monitoring andreward management that can be applied by an organizationBenefits of Flexible working arrangement-Flexible working arrangements- In this HR practice, employeesare provided freedom regarding their fulfilment of obligationsof a job. It includes various facilities which are provided toworkers such as flexible working hours, health facilities, leaves,and certain other perks. 5

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