Training and Development in Human Resource Management

Added on - 21 Feb 2021

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Human ResourceManagement
ContentsP3. Benefits of different HRM practices within an organisation forboth the employer and employee:....................................................................................................................................................................................................................................................................P4. Effectiveness of different HRM practices in terms of raisingorganizational profit and productivity:..........................................................................................................................................................................................................................................................M3 Exploring different methods used in HRM practices:........................................................................................................................................................................................................................D2 Critical evaluation of HRM practices and application within anorganizational context:.........................................................................................................................................................................................................................................................................................P3. Benefits of different HRM practices within an organisationfor both the employer and employee:Human resources department always engages in variousactivities in order to fulfil requirements and expectations ofemployees as well as employers. It plays role of a bridgebetween them and liable to create healthy communication. Theprofessionals of Dyson Company are able to develop strategiesso that both the company and the personnels may achievemaximum benefits and key objectives of the company. Benefitsof different HRM practices are discussed as below:Training and Development:These practices consistsinternship and apprenticeship programs, orientation for newjoiners, job skills training and professional development,leadership upbringing, job rotation, mentoring, etc. So manyactivities and processes are followed in order to improve theskills of new and existing employees.Benefits to Employees:These new evolution programshelp the personnels to learn fresh skills, organizationalbehaviour and improve their productivity which eventuallyprovides helps in increasing profitability and achieving businessgoals. Practise of this procedure also enhance confidence andinner personality of the employees.5
Health and Safety: Human Resource management is liable totake care of health and safety laws and regulations within theorganization. It includes employee benefits like life & healthinsurance, vacations and protection from harassment,discrimination, etc.Benefits to Employees: With the help of practisinghealth & safety procedures, employees are able to keepthemselves fit and healthy. It provides enthusiast and joyfulenvironment to them and helps in increasing effectiveness inorder to perform their jobs.Benefits to Employers: Formation of safety and healthregulations helps the administrators to avoid workers grievancesand injuries. It aids in decreasing employees' absent and workerturnover ratio by retaining existing employees with it.Compensation and benefits:Compensation and benefits existtogether and described as to HRM duties related to payingworker and providing inducement for them. Its aim is to set upsalary and wage levels that increase the organization'sinvestment regarding its aims. Impressive HRM managers planprograms in such way that reward employees by satisfying theiremotional needs, such as recognition for good work.Benefits to Employees: An effective and transparentframework of reward policies and pay structure helps inincreasing productivity and efforts of the employees. Suchprocedures motivate workers to work harder by providingflexible working options and increasing their level also.Benefits to Employers: Management can attract highlyskilled, talented and professionalemployees by offering them such compensation and benefits.The employer is capable to attain last long loyalty and honestyof workers through these extra benefits which also helps inincreasing goodwill of the organization.41
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