Human Resource Management - Assignment (doc)

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HUMAN RESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Definitions, Purpose, Nature/Scope, Functions and Approaches of Human ResourceManagement (HRM)..............................................................................................................1P2. Strengths and Weaknesses of Different Approaches of Recruitment and SelectionMethods..................................................................................................................................2TASK 2............................................................................................................................................4P3. Benefits of Different HR Practices For Employers and Employees................................4P4. Evaluation of effectiveness of HRM Practices in Terms of Raising Organizational Profitsand Productivity......................................................................................................................6TASK 3............................................................................................................................................7P5. Importance of Employee Relation....................................................................................7P6. Key Element of Employment Legislation and Impact, It Has Upon HRM DecisionMaking....................................................................................................................................8TASK 4............................................................................................................................................9P7. Applications of HRM Practices in a Work-Related Context...........................................9CONCLUSION -...........................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONHuman Resource Management is the management of people who are working in anorganization. It is considered to be a crucial part of business management. Without managementof human resources, there would be a lot of confusions and conflicts in organization.BarclaysBank is a public limited company founded on 17thNovember, 1690. Its headquarter is in London.It provides banking and financial services to people.This report highlights the purpose and scopeof HRM and effectiveness of the HRM practices in Barclays Bank. It also defines factors andemployment legislation affecting HRM decision making and HR practices in work-relatedcontext (Noe and et.al., 2017).TASK 1P1. Definitions, Purpose, Nature/Scope, Functions and Approaches of Human ResourceManagement (HRM)Definitions –HRM is the management of Human Resources available within the organisation.HRM is the organizational function that deals with the people, their works and theirissues in the Barclays Bank (What is Human Resource Management,2019).Purpose of Barclays Bank's HRM department -To attract the new talents. This is the main purpose of business and human resourcemanager has to ensure hiring people those who have good knowledge and is suitable forthe business.To co-ordinate the functions of Barclays Bank with HR functions.To maintain a good work environment (Wright, 2018). This is another purpose ofbusiness as Hr has to develop coordination and have to create healthy workplaceenvironment so that conflict can be minimised.Nature/Scope of Barclays Bank's Strategic HRM -They focus on the long term planning and goals.They try to coordinate the strategies of HR with the strategies implemented by middleand front line manager.They encourage employees of Barclays Bank to achieve the organizational goals as wellas personal goals (Cascio, 2015).Functions Of Barclays Bank's HRM -1
Recruitment and Selection – Recruitment is the process by which Barclays Bank's jobvacancy is identified and potential employees are notified. Selection is the process bywhich HR of Barclays Bank select the best candidates from the pool of potentialemployees.Job Analysis – Jon Analysis is the process of describing the nature of job, skills,qualifications, experiences etc. needed in the Barclays Bank. It involves Job descriptionand Job specification.Training and Development – Training and Development is the program conduct by HRteam of Barclays Bank to provide new skills to the employees, to develop theirpersonalities and working styles and improve their efficiency (Bratton and Gold, 2017).Performance Appraisal– Performance appraisal is the process of measuring theperformance done by Employees of Barclays Bank. It is done to give feedback to themand to take the decisions of promotion/demotion.Compensation and Reward Management – HR of Barclays Bank decide that to whom andhow much to pay. Reward is the extrinsic motivation which is given to employees forbetter performance by Barclays Bank.Industrial Relations – This function involve building and maintaining good relationshipwith employees. For that,Barclays Bank's HR teamdo various work like employeewelfare, employee entertainment and employee recognition.Approaches of HRM in Barclays Bank -Soft HR Approach - In this approach, Human Resources are treated like important asset.Firm take care of its employees and treat them as important part of organisation. It is alsoknow as Modern approach where HR policy is flexible and favour in the benefits ofemployees. Barclays Bank is following this approach.Hard HR Approach – In this approach, Human Resources are treated like machinery. Soaccordingly policies and procedures of HRM will also be tough. It is a Traditionalapproach which focuses on task the requires to be done, cost control and attainingorganisational goals (DeCenzo, Robbins and Verhulst, 2016).P2. Strengths and Weaknesses of Different Approaches of Recruitment and Selection MethodsRecruitmentis the process by which HR or recruiter give information about jobs created inBarclays Bank and select potential employees for the job.2
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