Human Resource Management Approaches to Recruitment and Selection

HUMAN RESOURCE
MANAGEMENT

Table of Contents
INTRODUCTION..........................................................................................................................1
TASK 1............................................................................................................................................1
P1. The purpose and scope of the human resource management in terms of resourcing an
organisation with talent and skill appropriate to fulfil the business objective ......................1
M1, How HRM function can provide and talent and skill appropriate to fulfil business
objective ................................................................................................................................3
P2. Strength and weakness of different approaches to recruitment and selection..................3
M2. Evaluation of different approaches to recruitment and selection....................................5
M3. Critically evaluate the strength and weakness of the different approaches to recruitment
and selection procedure..........................................................................................................6
TASK 2............................................................................................................................................6
P3. Benefit of different HRM practices with in the firm for both employer and employee's 6
P4. Effectiveness of HRM in raising organisational profit & productivity..........................11
M3 Different methods used in HRM practices.....................................................................12
D2 Evaluation of HRM practices.........................................................................................12
TASK 3..........................................................................................................................................12
P5 Importance of employee relation in influencing HRM decision-making.......................12
P6. Key elements of employee legislation and its impact on HRM decision making..........13
M4. Evaluation of key aspects of employee relation...........................................................14
D3. Evaluate employee relation and the application of HRM practices .............................15
Task 4.............................................................................................................................................15
P7. HRM practices in the work related context ...................................................................15
Job Description of JP Morgan..............................................................................................15
M5 Rational for application of HRM practices....................................................................17
D3 Employee relation and application of HRM practices....................................................17
CONCLUSION..............................................................................................................................17
REFERENCES .............................................................................................................................19

INTRODUCTION
Human resource management refers to that part of management which manage the people
at the work place. The main objective of HRM is to ensure the organisation to accomplish the
organisational goals through the people. This study will present the explanation of scope and
function of human resource management in terms of resourcing the JP Morgan firm with talent
and skill appropriate to fulfil its business objective. JP Morgan is an American international
multinational bank and financial service company which has been headquartered in New York.
This study also determine the strength and weakness of different approaches of recruitment and
selection and also include the selection procedures and their strength and weakness. It is also
analysed the internal and external factor that affect the human resource management decision
making including employment legislation. The study lay emphasis on how the HRM practices
apply in a work related context. This study also evaluate the effectiveness of different type of
HRM practices in terms raising the organisational profit and productivity (Albrecht and et.al,
2015).
TASK 1
P1. The purpose and scope of the human resource management in terms of resourcing an
organisation with talent and skill appropriate to fulfil the business objective
Human resource management refers to a strategic approach which ensured the effective
management of the people in the organisation, so that they provide competitive advantage to
organisation and helps in attaining goals and objectives (Amarakoon, Weerawardena and
Verreynne, 2018).
Purpose of human resource management
The purpose of HRM is ensured that the organisation obtains skilled, capable and
motivated employees that it needs. Human resource management improve organisational
performance by providing employees with broad responsibilities so that they can use their skill
and knowledge effectively. The main objective of human resource management is to ensure the
availability of right people at right position to accomplish the organisational goal effectively. For
effective workforce planning, HRM provides the talented and motivated employees to firm who
contributing their best efforts towards the task. Resourcing an organisation means providing the
capable and effective work force for accomplishing organisational objective

efficiently(Armstrong, Landers and Collmus, 2016). This can be effectively done through
optimum utilisation of all the available resources of firm which is provided by the human
resource management.

Functions of human resource management
The function of Human Resource Management which are applicable in the effective work force
planning and resourcing in JP Morgan firm to achieve the business goal are as follows-
Planning is the first and most important function of human resource management which
determine the number and type of employees needed to accomplish the JP Morgan firm's goal
effectively (Human resource management, 2017). Planning also includes the training which is an
important factor for resourcing the JP Morgan firm with appropriate talent and skill because it
provides the training to those employees who require to developing their skills and knowledge
for attaining business objective (Bratton and Gold, 2017).
The second function is the Recruitment, which is core function of human resource
management. It helps in selecting the appropriate personnel according to the requirement of
vacant position in the organisation. Through this function JP Morgan firm can find and hire
employee with high skill and knowledge. (Gutierrez-Gutierrez, Barrales-Molina and Kaynak,
2018).
The strategic human resource is refers to the approach which determine how the
organisational goal achieve through the people by means of human resource strategies. The aim
of strategic HRM is to generate the capability of organisation by ensuring that firm has the
talented and motivated employees.
Nature of strategic human resource management
Strategic HRM is the process which helps in the attainment of organisational objective
through developing the practices, programs and policies.
In this, the human resource practices used by the line managers as well as employees as a
part of their everyday work (Jesinoski, Miller and Volker, 2016).
Scope of strategic HRM
Strategic HRM ensures that human resource management is integrated with strategy and
strategic requirement of the organisation. It involves designing of corporate strategies and their
implementation in the firm for better productivity. Strategic HRM also help in determining the
model of firm's way of doing business.

Hard human resource management refers to the system of staff management which
achieve the highest profit and competitive advantage through better working of employees which
is done only by controlling the employees. It also manages the people in the way that increase
the value of the JP Morgan firm in terms of planning and resourcing the organisation at the
global level.
Soft HRM considered employees as an important asset of organisation. It emphasises on
the human dimensions of employees through the social relations and attitude towards the
supervision as an element of the increasing the productivity. This approach based on the
encouraging the high level of trust among the organisation in terms of growth and development
of the organisation at global level (Marchington and et.al., 2016).
M1, How HRM function can provide and talent and skill appropriate to fulfil business objective
The function of human resource management provides the talent and skill appropriate to
fulfil the business objective because it includes the planning function which ensure that right
type of people, in the right number at the right place and which work on the continuous basis for
the accomplishment of the JP Morgan firm's objective efficiently.
The recruitment function providing the talent and skill appropriate to fulfil the business
objective by recruiting the suitable personnel according to the employment need in terms of
increasing the productivity of JP Morgan firm(Nankervis and et.al., 2016).
P2. Strength and weakness of different approaches to recruitment and selection.
Recruitment & selection is the process of attracting, short listing and selecting suitable
candidate according to required skill and knowledge of the vacant position in the organisational.
It includes the finding and hiring the best qualified candidate for the opening job in a cost
effective manner in the organisation. It involves the two approaches such as internal and external
approach (Rothenberg, Hull and Tang, 2017).
Internal approach of recruitment refers to the process of selecting the employees from
within the organisation or fulfilling the vacant position through the existing work force of the
firm. It includes various methods such promotion, transfer and internal job posting.
The first strength of the internal recruitment is that it is the cheaper and quicker way to
recruit the employees because JP Morgan firm find out suitable candidate easily from the
existing work force through the internal job posting method. It also eliminates the need of
advertising for the vacant post.