Human Resource Management Application PDF

HUMAN RESOURCE
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Purpose and functions of HRM........................................................................................1
P2. Strength and weakness of different approaches of recruitment and selection.................3
TASK 2............................................................................................................................................5
P3. Benefits of different HRM practices for both employer and employee...........................5
P4. Effectiveness of different HRM practices........................................................................7
TASK 3............................................................................................................................................9
P5. Importance of Employee relation in reference to HRM decision making.......................9
P6. Key elements of employee legislation in respect to HRM decision making.................10
TASK 4..........................................................................................................................................11
P7. Application of HRM practices in work related context.................................................11
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Human resource management is basically a tactic which is used by various organizations for
effective management of people working with them. This practice supports enterprises in gaining
competitive advantage. It is developed for maximising the performance of workers in service of
an employer’s strategic objectives. Human resource management includes recruiting, selecting
and providing training and development to employees. Present report will lay emphasis on
Barclays bank. It is a British multinational bank and financial services which has been
headquartered in London. The bank has been listed on London’s stock exchange. It deals in
personal banking, corporate banking, wealth management and investment management. Study
lays emphasis on the purpose and functions of HRM. It also presents the strength and weakness
of different approaches of recruitment and selection. Report focuses on the benefits of different
HRM practices. It also presents effectiveness of different HRM practices.
TASK 1
P1. Purpose and functions of HRM.
Functions of Human resource management and its various purposes for the benefits of
organization is mentioned below-
Recruitment- Recruitment involves designing job description, publishing the job posting,
finding out the required candidates, interviewing them, salary negotiations and making the job
offer. This is the challenging function for HR manager as Barclays bank, apart from its
investment banking, has organised its business in four categories that include personal banking,
corporate banking, wealth management, and investment management. So the main purpose of
recruitment function is to get best and efficient employees to be transferred in these different
categories organised by Barclays bank. Remaining purpose is to appoint right people for right
job(Bou‐Llusar, 2016).
Training and development- Training involves training of newly hired employees to become
familiar and learn the work they need to perform for Barclays requirements whereas
development refers to training of existing employees to keep them up to date for the changing
working policy of Barclays bank. Training and development of employees help them in being
efficient enough to perform their work and help Barclays bank achieve its goals and objectives.
Main purpose of training and development is to increase the efficiency of workers and make
them skilled and trained.
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Performance Appraisal- It is a periodic evaluation and observation on employee's tasks and
performance, by HR managers. The purpose of this function is that it helps Barclays in finding
out employees that are efficient enough and their dedication towards organizational goals and
objectives.
Compensation and Benefits- Barclays bank can attain its goals and objectives if it can adapt
the new ways of providing several benefits to its employees. These benefits may involve- be
working hour flexibility, Extended vacation, medical insurance, maternal leave etc. This function
will also initiate Barclays bank corporate social responsibility towards employees (Boon, 2018).
Human resource management is formal and systematic management of people within an
organization. The following are the scope of strategic HRM-
Personnel- It includes recruitment, training, manpower planning, posting, performance
appraisal, transfers, promotion etc. All these factors are important for the benefits of Barclays
bank and its employees.
Welfare- This aims at welfare of employees which includes their working conditions, medical
facilities, safety, transport and accommodation. This will improve the employee employer
relationship of Barclays bank and also improve company's responsibility towards employees.
Industrial relations- Industrial relations comprises of interaction of HR manager with the
unions, addressing the grievances of employees, settling the disputes etc. This will enable
smooth functioning of Barclays Bank as there will be no sort of such activities in the
organization(Bailey, 2018).
'Hard' and 'Soft' approaches in HRM
Hard approaches-
Treating employees simply as a resource of the business (like building and machinery)- This will
help Barclays bank to focus its attention on its primary goal of maximising profit and avoid
wastage of financial resources in any form.
To develop strong link in corporate business planning- This will help Barclays Banks to know
what resources they need, how do they get them and what will be the cost.
Soft approaches-
Treating employees as the most important resource in the business and a source of competitive
advantage- This will help Barclays bank to establish a good relationship between the
organization and employees.
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