TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 P1 Purpose and functions of HRM..............................................................................................3 P2 Strength and weakness of different HRM approaches...........................................................5 LO2..................................................................................................................................................7 P3 Different HRM practices........................................................................................................7 P4 Effectiveness of different HRM practices..............................................................................8 LO3................................................................................................................................................10 P5 Significance of employee relations......................................................................................10 P6 Key elements of employment legislations and itâs impact on HRM decision-making........11 LO4................................................................................................................................................11 P7 Application of HRM practice...............................................................................................11 JOB OFFER Letter........................................................................................................................13 CONCLUSION..............................................................................................................................14 REFERENCES..............................................................................................................................15
INTRODUCTION Human resource management is the process of managing large number of people in the company effectively and coordinates them to work on common goal so that productive outcomes can be received by company. It is a effective approach that is implemented by all company for bringing profitable results in the business. The main goal of the human resource management is to make working environment creative and well-managed which influences individuals to give high performance in the workplace. To understand role of human resource management has an example of Next plc. It is a British multinational clothing, footwear and homewares retailer companywhichismajorlyheadquarteredinUnitedKingdom.Thisreportwillprovide understanding about purpose of HR functionsand their key roles and responsibilities in the business. LO1 P1 Purpose and functions of HRM Human resource management in the organization always plays productive role in the form of achieving effective workforce and for other purposes. However, no organization can get success without implementing different practices of HRM. There are numerous key roles and responsibilities of human resources of the Next plc that has been mentioned below: ďˇStaffing needs It is primary function of the human resource management that perform by managers in different companies. Human resource managers always seek for new talented employees accordingly companyâs needs so that they can bring productivity in the workplace by performing effectively. Manager of Next Plc practices this function whenever organization is lacking behind of employee turnover issue (Armstrong, 2019). Currently, this company possesâ highly talented and skilled workforce due to itâs human resource management. Generally, human resources in this companypracticesdifferentstepstowardshiringandselectingnumberofcandidatesas employees in the workplace who actually possesâ innovative talent and effective skills. Thus, this function and purpose of management contributes in dealing with employeeâs turnover issues so that company achieves high growth in the business.
ďˇCompensation Human resource management always analyse and brings such kind changes in the employeesâ pay structure as per the compensation trends which change by government time to time. With this function managers ensures individuals that each employee get fair treatment accordingly their performance that is considered one of the major responsibilities of the manager. Apart from this, human resource management focuses on policies and assists company to meet different rules and regulation of the government such as GDPR act, Workplace act, Fair Labour Standard act etc. which ensures individuals that no employee will be discriminates by others in the company. To aware individuals about policies, pay structure and legislations includes them in employment policy (Collings, Wood and Szamosi, eds., 2018). However, there is a reason to meet all compensation terms such as if HRM will be out-updated about policies and legislation then company can get negative impacts i.e. high employee turnover, reduce goodwill of the business and others. So, it is major function of the human resource management to be updated for all rule and regulations which are mandated by government time to time. ďˇEmployee training and development In recent period, each company conducts different training and development sessions in the business. In this scenario, currently human resource management is highly responsible to give best training and development sessions to the staff in the Next plc (Veth and et.al., 2019). With this approach, different employees of retail company can easily improve their weak areas and develops new skills and talents in effective manner. Thus, this retail venture can enable to achieve highly competitive advantage by the support of employees who have different skills and talent. ďˇManage employee issues Most of the time, there are many issues that have faced by individuals in the workplace. The most common issues are salary, discrimination, abuse, employment contract etc. In such situation, manager of Next plc is quite active in term of resolving all existing issues. So, currently have few issues within company which faces by employees. However, HR department always practices different strategieswhich can influence healthy and productive working environment.
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ďˇMaintain effective employee relations It one of the most effective prime function of the human resource management which leads positive affect for the businessâs growth (Nawaz, 2019). However, effective relation of the business denotes productive relationship between employer and employees. Next plc has good employeerelationsbecauseitdenotesthattherehasgoodrelationshipbetweenupper- management and staff. It is the major reason of employeeâs satisfaction in the retail Next company. Existing managers and leaders in the Next plc always communicate with staff members positively in the working place and listens them with patience that makes them feel that they are valuable body of the company like HR management. From the above analysis can be analysed that HRM at the Next plc perform all above mentioned key functions through these have achieved lots of advantage by upper management of the company. P2 Strength and weakness of different HRM approaches There are various strengths and weaknesses of different HRM practices i.e. recruitment and selection process. As know recruitment process is one of the major functions of the human resource management at any company. With this function, organizational enables to maintain employee productivity in the workplace. Generally, there are various approaches of recruitment and selection methods which have strengths and weaknesses such as: Internal recruitment Internal recruitment is major key method of recruitment and selection process that practices by human resource management (Fagan and Rubery, 2018). In this approach, managers of the corporation undertake different steps regrading hiring and selecting number of employees from itâs internal business environment. In other word, company selects appropriate employees from the existing workforce. Strength ďˇIt is quite beneficial approach as compared external recruitment approach because it supports to save extra funds of Next plc.
ďˇIt is quite cost-effective and time saving process because manager selects employee from existing workforce accordingly their performance which they have performed in the workplace in order to bring positive outcomes. Weakness ďˇTo practice this approach has fewer choices in front of managers of Next plc that is major limitation of this method. ďˇIt does not promote any new talent and skills. ďˇIt also does not influence external business environment knowledge. External recruitment It is alternative approach of recruitment process that is practiced by HRM for recruiting number of employees from the external environment of the business. However, this approach also possesâ some limitations and strengths which are described below: Strength ďˇThis method increases wide opportunities of employment which can bring positive affect for the UKâs economic system. ďˇThis approach can promote level of creativity, skills and innovation. ďˇExternal environment recruitment brings such applicants who have wider range of new experience and ideas. Weakness ďˇThisapproachincreasesinternalconflictsbetweenexistingemployeesandnew employees. ďˇApart from this, HR management have to invest more time to make individual compatible for the particular posts.
LO2 P3 Different HRM practices Human resource at the Next plc perform different functions such as planning, organizing, coordinating and controlling. These key practices of HRM supports to achieve all defined objectives in the job place. ďˇRecruitment and selection It is one of the major practices of HRM that they perform at the company to maintain productivity of the employees in the workplace. Human resource of the Next plc practices this key function whenever it requires highly talented and skilled employees who can meet with all requirement of designated posts (Gooberman, Hauptmeier and Heery, 2019). In addition, human resource managers of the retail Next company provides attractive incentives in the existing employment policies in order to attract best talent so that they apply for the designated post. Thus, company maintains productivity of employees in the job place. ďˇFlexible working practices It is another essential function of the human resource management that they perform in order to maintain wellbeing of individuals in the business. Many human resource managers at the different companies practices this approach so that individuals can give productive performance in the workplace. As same concept implements for the Next plc wherein managers or leaders are flexible with time that reduces pressure on individuals at the workplace and make them highly proactive in the company (Vanhala and Ritala, 2016). However, this approach is quite effective for the employer and employeesâ perspectives for example flexible working hour approach allows individuals to spend fewer time with the family and make them highly responsible for their job responsibilities. On the other hand, company enables to retain number of talented employees and achieves number of completed projects over the time period. Thus, Next plc gains all defined objectives in short span time. ďˇPerformance appraisal Performance appraisal is another approach of the human resource management that brings satisfaction individuals for the job. Management at the Next plc practices this HRM approach in
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order to keep motivated individuals so that they can give best performance in the workplace. To make organization successful provides reward to such employees who puts more efforts in whole year that encourages others employees to give honest performance in the workplace which helps them to become part of recognition. Thus, retail Next company motivates staff in the job place. ďˇBenefits of employees and managers These above mentioned HRM practices lead lots of benefits for the staff for example appraisal system influences individuals to give productive performance in the job place so that company can receive financial benefits. On the other hand, flexible working hours brings satisfaction in individuals and their family for the job and encourages them to deal with complex situations. While employer achieves all defined short-term and long-term goals and objectives within timeframe through different HRM practices (Guerci, Longoni and Luzzini, 2016). P4 Effectiveness of different HRM practices It is a major responsibility of human resource management to hire right talents in order so that company can have better functioning in the business sector which going to be proved profitable for the organization. As know, retailing sector has become one of the economic stimulant business sectors as compared others, so most of the companies invests huge funds in retail sector for enhancing revenue scale. Next plc is also retailing company that runs itâs business in multiple countries across the world but past few years it is facing price cut competition through 4 big companies i.e. M&S, Tesco, Sainsbury and Asda. The reason behind is that these companies sells similar products and services like Next plc which directly impacts on selling scale of the company (Noe, 2017). In such situation company needs to have better functioning so that it can meet all needs and expectation of the customers which in return maximizes profit margin of each product or services. Thus, company can stay long run in itâs retail market and can gain more competitive advantage. Recruiting right talents It is key practice of HRM that perform by managers at the Next plc to hire right talent for the specific post so that quality issues cannot take place in the working place. This HRM practice supports to deal with high employee turnover issues and makes workforce highly productive in the job place. This approach promotes ability of commitment of the Next plc through which it
enables to build large customer base. Overall, company able to create innovative working environment for the all staff and influences them to give outstanding performance so that Next plc can gain more competitive advantage in the UKâs retail market. Security to the staff It is another prime practice of HRM because it retains large number of staff in the company. There is a reason such as each person wants that wherever they offer their services that place must be safe. Management of Next plc offers various type securities i.e. compensation security, health and safety insurance policy, workplace safety etc. to the staff so that they can stay long run in the workplace (Guest, 2017). However, this HRM practice creates positive working environment for individuals wherein they can work promptly without worrying about safetymeasures.ThisapproachbringspositiveeffectintheNextplcandindividualsâ performance such as each employee become aware for their job responsibilities and spends more hours except working hours to deal in the peak period of the company. Thus, company enables to achieve all defined objectives and short-term goals in the peak period. Fair Treatment It is most essential practice of HRM that impactson organizationâs performance, productivity and functioning. However, it is considered growth factor of company because when individuals are treated fairly in the workplace by the managers then it promotes them to give loyal performance in the workplace. It is mandatory for the managers of the Next plc to practice their managerial skills effectively (OâConnor, 2017). In addition, it is prime responsibility of the managers that no negativity takes place in the internal environment due to unfairness because it directly impacts on organizationâs growth, productivity etc. To stay motivated individuals for long time at the workplace requires to practice this HRM practice effectively. With this approach Next plc can improve goodwill of company in the business market. Affect productivity and profitability of Next plc It has analysed from above mentioned points that HRM practices are the major reasons of companyâs success. With the different HRM practices, Next plc enables to improve productivity and profitability of business in the retail market for example recruitment for selecting right
candidates supports Next plc to deal with employee turnover issues. On the other hand, fair treatment and security policies brings level of satisfaction in individuals for the job and maintains their wellbeing. While company gets more advantage from the different HRM practices such as it enables to increase demand of companyâs products and services, improves selling revenue of the company in effective manner. LO3 P5 Significance of employee relations It is prime responsibility of the human resource managers to build sustainable employee relation because this factor helps to achieve success in the business market. For example, when company has good relation with staff then it become easy to adapt different changes in the business successfully. Generally, employees are considered one of the key valuable resource among others because this resource makes company to be stayed in all situations. So, it is important for the human resource managers to have knowledge about everything related to business functions of employees. There are various changes have faced in the Next plc by the staff and customers that have to be followed in achieving competitive advantage (Hassan, 2016). There are various HRM practices like appraisal system, fair treatment, managing employeesâ issues etc. supports human resources to maintain personal and professional relationship between employer and employees. Next plcâs managers always develop objectives in respect of defined goals so that individuals can follow right track and leads positive outcomes in the workplace. In such situation, leaders of Next plc play significant role such as they encourage individuals to improve their working performance by developing new skills and implements them to deal with different tasks. Such practice of leaders helps HR managers to gain all defined objectives within timeframe. Thus, effective relation of employees is considered one of the stimulant factors in the context of HRM decision-making. The major limitation of the employee relation is that it requires effective HRM practices and talented management then company can get advantage from the employee relations (Kianto, SĂĄenz and Aramburu, 2017). P6 Key elements of employment legislations and itâs impact on HRM decision-making Next plc is a British retailer company which runs itâs business into multiple countries across the world. To gain competitive advantage as well as productivity of the employees have
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followed different employment legislation by Next plc. For example, management of Next plc has involved health and safety policy in the employment policy. According to this policy, if any employee is suffering from health issues in that context company will pay whole medical charges on the behalf of candidates as well as they get 50% off on prescribed medicines. With this policy, Next plc enables to maintain wellbeing of individuals and their family for the job. This situation takes place often time in the company when human resources develops selling targets in season time (Michael, 2019). In that state, overall workforce of Next plc ready to spend additional hours except working hours for achieving defined targets over the time. Anti- harassment and Anti-discrimination policies are practised by Next plc to ensure individuals that no employee will be discriminated at the workplace. Fair pay structure act is also practised by Next plc to ensure all staff that each gets salary as per their performance. Thus, different legislations of employment influences HRM decision-making process in the Next plc in efficient manner. However, company has received negative impact of different employment legislations such as implication of these legislations have increased internal cost of the business that directly affect economical scale of the Next plc. LO4 P7 Application of HRM practice Job Description Job title:Marketing Manager Company âNext plc Job location:United Kingdom Core responsibilities ďˇTechnicalskillsassociatedwithfixingandmaintainingthesellingequipment, buildings and flooring repair. ďˇProblem solving ability and the versatility of working under pressure. ďˇDeveloping effective price strategy that increase profit and market shares ďˇTo ensure level of customer satisfaction from existing product portfolio. ďˇDeeply and effectively analysing different marketing goals and objectives in the context of product.
ďˇSupervising, leading and controlling over different marketing functions of the Next plc in efficient manner. Day to day activities He must be keen with meeting all the responsibilities associated with the marketing functions at the Next company. He requires scheduling all marketing functions of company in such a way that timely actions can be taken in respect to marketing functions of company. Manage employees need and requirements involved in marketing functions of the business. As all existing product of Next plc must have high demand in customers. Accountable to:He needs to report his supervisor in the assigned to the team of maintenance workers with details about the functioning of marketing. He is expected to work with good technical knowledge and function out the duties of keeping the college campus in well- functioning state all time. Qualifications and skills The hard skills required by this post are the detail-oriented work ability, technical ability. Organizational skills to work under pressure with versatility and dynamic nature to work in all conditions. He must have the physical ability to work hard and reach the targets at time. The soft skills required in this job are good communication skills, marketing skills, convenience skills and learning abilities (Nankervis and et.al., 2019). Team work ethics and problem-solving abilities to solve any issue in the team with good functionality and work effectively in developing interpersonal skills. CV (Curriculum Vitae) CV NAME:Jerry Thomson Contact:jarrythomson89@gmail.com Qualifications and experience: ďˇMCA (Masters in Business Administration) ďˇThe store manager in a highly reputed venture for the last four to five years. Hard skills: ďˇHave high understanding about marketing functions and responsibilities
ďˇTechnical knowledge ďˇProper knowledge of the software program of marketing ďˇEnable to work with modern or hi-fi technology for maintaining effective quality measures in the customer services Soft skills: ďˇCommunication skills for properly interacting with different people ďˇEffective leadership skills ďˇExcellent working potentialities ďˇProblem-solving ability ďˇAbility decision-making JOB OFFER Letter Job Offer Date of joining: 7thOct Nameâ Jerry Thomson Addressâ Shakespeare House,267 Cranbrook Rd,UK Congratulations Mr. Jerry Thomson for getting selection as a Marketing Manager role in Next Company. We hope you serve the best of your ability in company. We wish you all the lunch that you will deliver the best of your potentials in the designated re of operation manager at company. Job details ďˇMaintenance worker ďˇExpected date of starting â 7thOct ďˇEmployment status â Full time employee ďˇOffice address -Shakespeare House,267 Cranbrook Rd, UK ďˇDuties- Managing all responsibilities associated with the operations of company. Benefits âThere are flexible hours of working which can benefit workers to take off if any important reason. There are several health benefits and insurance policies of workers made by management, which ensures college campus has secure management places and facilities to
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cater to the needs of employees. Deadline for accepting or declining the offer -18thOct, 2020 If you have any question regarding the job offer you can contact us at the management department of Mont Rose College through email at hrm.next@gmail.com CONCLUSION This report has been summarized about different HRM practices and their key roles and responsibilities that have practised in Next plc to have better functioning in the business market. Organization can gain all defined objectives and goals over the period by recruiting right talent for the right job. It can stay motivated number of employees in the workplace by rewarding them regularly according to their performance at the Next plc. There are numerous methods and techniques have practised by HRM in gaining high level of performance of the business and maintains internal environment of the company.
REFERENCES Books and Journals Armstrong, M., 2019.Strategic human resource management. pdf drive. com. Collings, D.G., Wood, G.T. and Szamosi, L.T. eds., 2018.Human resource management: A critical approach. Routledge. Fagan, C. and Rubery, J., 2018. Advancing gender equality through European employment policy: the impact of the UK's EU membership and the risks of Brexit.Social Policy and Society,17(2), pp.297-317. Gooberman, L., Hauptmeier, M. and Heery, E., 2019. The decline of Employersâ Associations in the UK, 1976â2014.Journal of Industrial Relations,61(1), pp.11-32. Guerci,M.,Longoni,A.andLuzzini,D.,2016.Translatingstakeholderpressuresinto environmentalperformanceâthemediatingroleofgreenHRMpractices.The International Journal of Human Resource Management,27(2), pp.262-289. Guest, D.E., 2017. Human resource management and employee wellâbeing: Towards a new analytic framework.Human resource management journal,27(1), pp.22-38. Hassan, S., 2016. Impact of HRM practices on employeeâs performance.International Journal of Academic Research in Accounting, Finance and Management Sciences,6(1), pp.15- 22. Kianto, A., SĂĄenz, J. and Aramburu, N., 2017. Knowledge-based human resource management practices, intellectual capital and innovation.Journal of Business Research,81, pp.11- 20. Michael, A., 2019. A handbook of human resource management practice. Nankervis, A and et.al., 2019.Human resource management. Cengage AU. Nawaz, D.N., 2019. Robotic process automation for recruitment process.International Journal of Advanced Research in Engineering and Technology,10(2). Noe, R.A and et.al., 2017.Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education. OâConnor, N., 2017. âInterpreting employment legislation through a fundamental rights lens: Whatâs the purpose?.European Labour Law Journal,8(3), pp.193-216. Vanhala,M.andRitala,P.,2016.HRMpractices,impersonaltrustandorganizational innovativeness.Journal of Managerial Psychology.
Veth, K.N and et.al., 2019. Which HRM practices enhance employee outcomes at work across thelife-span?.Theinternationaljournalofhumanresourcemanagement,30(19), pp.2777-2808.