Benefits of HRM practices for employees and employers

Human Resource
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
ACTINITY 1....................................................................................................................................1
P1 Purpose and functions of HRM:............................................................................................1
P2 Strengths and weaknesses of different recruitment and selection approaches:.....................3
ACTIVITY 2....................................................................................................................................5
P3 Benefits of HRM practises for employees and employers:...................................................5
P4 Effectiveness of different HRM practices:............................................................................6
ACTIVITY 3....................................................................................................................................7
P5 Importance of employee relations in respect of HRM decision-making:..............................8
P6 Key elements of employment legislation and its impacts upon HRM decision-making:......9
ACTIVITY 4..................................................................................................................................10
P7 Illustrate the application of HRM practices in a work-related context, using specific
examples....................................................................................................................................10
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
In an organization, two elements are necessary to derive the business successfully which
are; Human and material. Human is the element that convert the material into such a product or
service that can provide economic benefits for the company hence proper management and
control over human resources is necessary. For this purpose, human resource management
operation take place within the organization that is liable to recruit and select employees, provide
orientation and induction, imparting training and development skills and maximize the employee
performance (Teimouri, H. and others, 2017).
This report will cover different scenarios to explain various aspects of the HRM practices
for which different organizations have been chosen. This report will discuss about purpose and
functions of Human Resource Management applicable to workforce planning and resourcing can
provide, evaluation of the strengths and weaknesses of different approaches to recruitment and
selection, benefits of different HRM practices for both the employer and employee, effectiveness
of different HRM practices,importance of employee relations and knowledge of employment
legislations.
ACTINITY 1
Company Overview: Samsung is a multinational conglomerate situated in South Korea,
established by Lee Byung-Chul in 1938 as a local grocery store. The company has grown over
the years and expanded in to industries such as engineering, electronics, high-technology and
construction. The company is dedicated to train its employees to practice fair and transparent
corporate management. Therefore the senior HR manager of the company wants to review the
HRM practices within the company.
P1 Purpose and functions of HRM:
Purpose of HRM: Human resource management is the operation that is concerned with
management strategies, decisions and plans as well as the workforce dimension and structure
within the organization. The overall purpose of the HRM practices within the company is to
manage the various needs and issues of employees such as communications needs, workplace
ethics, legal matters, financial issues, etc. the purpose or objectives of the HR management can
be defined with the below mentioned points:
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Functional Purpose: Functional objectives of the HRM are related to the organizational
support and helps in explaining the roles and responsibilities of the employees within the
organization. With the help of provisions of information, facilities, training and consultancy, HR
department of selected company is able to complete this purpose.
Organizational Purpose: This objective is related to the human resource planning,
employee relations and performance management, recruitment, selection and retention of the
employees (Morgeson, Brannick and Levine, 2019). Co-ordinate the organizational activities to
achieve organizational mission is the main purpose of HR Management team of Samsung.
Personal Purpose: Human resource department is developed to maintain and take care
of manpower or human-being within the company. The purpose of HRM practices within the
Samsung is to provide training and development opportunities, compensation and benefits, help
employees in achievement of their personal goals.
Societal Purpose: The objectives of the HRM practices which are related to the legal and
ethical compliances, union management relations, society needs and desires, etc. are known as
societal purpose of HRM. This is also the purpose of HRM in respective organization to perform
workplace ethics and comply with corporate social responsibilities.
Functions of HRM: Since all the companies are made with people, HRM has to perform
various functions related to the development of skills, motivation, acquiring services and
employee retention. Although there are numerous functions of HRM within the Samsung, here
are some of the major functions of HRM:
Recruitment and Selection: Recruitment is the process of attracting, short-listing and
selecting the qualified and potential candidates for various roles in the company. This function of
recruitment and selection is significant for the selected company as this process reduces the cost
of engaging, unmotivated, incompetent and under qualified employees.
Training and Development: This is an indispensable function of the HRM as these are
the efforts of the company to improve the recent and future performance of the employees. The
HRM department of the selected organization is liable to provide adequate education and
training to increase the skills or knowledge of employees regarding their work profile (Thornton,
2015).
Ensure Legal Compliance: The legal authorities of the country implies various rules,
laws and legislations to protect the employees' rights. It is one of the crucial function of HRM to
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