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Purpose and Functions of Human Resource Management | Assignment

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Added on  2021-01-02

Purpose and Functions of Human Resource Management | Assignment

   Added on 2021-01-02

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HUMAN RESOURCEMANAGEMENT
Purpose and Functions of Human Resource Management | Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3P1. Purpose and functions of HRM, applicable to workforce planning and resourcing .......3P2. Different approaches of recruitment and selection and its strength and weakness..........4LO2..................................................................................................................................................6P3. Benefits of different HRM practices for both employer and employee...........................6P4. Effectiveness of different HRM practices in terms of increasing profits and productivity..8LO3..................................................................................................................................................9P5. Importance of employee relations in terms of influencing HRM decision-making.........9P6. Key elements of employment legislation and its impacts..............................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
Purpose and Functions of Human Resource Management | Assignment_2
INTRODUCTIONHuman Resource Management(HRM) plays a vital in every business organisation. The main aim of human resource management is to select and recruit the best employees so that organisational goals and objectives can be achieved. Human Resource Management also focuses on providing training and development to its employees so that they feel satisfied and remain in company. Marks & Spencer is a multinational company and offers variety of products to its customers. It deals in retail markets thus requires effective human resource personnels to handle its business activities and operations. In this study report, purpose and functions of human resource management which are applicable to workforce planning and resourcing in company areexplained. Different approaches of recruitment and its strength and weakness are also discussed. Effectiveness of HRM practices and employee relation is explained in detail. The report further explains key elements of employment legislation and its impact on HRM decisions. LO1P1. Purpose and functions of HRM, applicable to workforce planning and resourcing Human resource management is generally defined as an approach which aims atacquiring, recruiting and developing talent and skills for organisation. It also aims at managingand motivating those talents and skills in effective way to gain benefits. Marks & Spencer aimsat effectively managing its employees so that they can satisfy customers and results in achievingoverall objectives. Scope of HRM is wide in nature and available in every part of businessorganisation(Clair and Milliman, 2017). Recruiting, selecting and providing training to employeeis the main scope and function of HRM. HRM also makes employees satisfied and encouragedby providing them with performance appraisal and financial incentives. Marks & Spencerprovides safety and security to its employees so that they get satisfied and put their best efforts inoperations of organisation. Different functions and activities of HRM are explained below: Recruitment and selection:Marks & Spencer aims at recruiting talented and skilledemployees in business so that they can put their best available knowledge in managingbusiness activities. HRM focuses on identifying the best method for selection andrecruitment so that it can recruit the best available employees in the organisation.Training and development: HRM aims at effectively managing employees so that theyput their efforts and knowledge in right direction. Training and development programs
Purpose and Functions of Human Resource Management | Assignment_3
are given to employees of Marks & Spencer so that they are capable of achieving overallobjectives.Performance appraisal: HRM provides various benefits to it employees so that they feelmotivated and encouraged. Performance appraisal are given to employees so that theyfeel satisfied and remain in business organisation(Saks, 2015). Employee relations: HRM needs to make effective employee relations so that they feelmotivated and satisfied. Employee relations can be maintained by encouragingemployees to take effective part in business activities. HRM needs to make policieswhich promotes and develops communication between employees and management.Effective employee relation will facilitate employees retention in the company and willalso result inn decreasing turnover. Legal compliance: HRM also aims at maintaining rules and regulations applicable onbusiness organisation. Laws relating to maintenance of working conditions, employmentlaw, tax allowance, proper working hour, etc. needs to be maintained by HRM. Propermaintenance of legal frameworks will allow organisation to effective manage theactivities and will lead to increase brand image and loyalty. Best fit vs. Best practice approach of HRM aims at gaining advantage of human personnelavailable in business organisation. Best practice model aims that HR practices results in highcommitment which will benefit overall organisation. Best fit approach states that HR practicesand strategies of business needs to aligned to bring effective performance of employees.Hard and soft models of HRM are different approaches for handling and managing employeesto bring effective outcomes. Hard model focuses on making plans, policies and procedures whichneeds to be followed by employees whereas, soft model of HRM treat its employees with dignityand aims at satisfying them. Workforce planning is managed by HRM and it is a systematic process. This helps to addressgap between workforce available today and workforce needed in the future(Donate, Peña andSanchez de Pablo, 2016). Effective workforce planning ensures Marks & Spencer to fill gapaccurately and accomplish overall objectives. P2. Different approaches of recruitment and selection and its strength and weaknessThere are different approaches of recruitment and selection used by Marks &Spencerwhich are explained as below:
Purpose and Functions of Human Resource Management | Assignment_4

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