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Benefits of HRM Practices for Organizational Profit and Productivity

   

Added on  2022-12-27

16 Pages4653 Words84 Views
Human Resource
Management
Benefits of HRM Practices for Organizational Profit and Productivity_1
Table of Contents
INTRODUCTION...........................................................................................................................1
Task 1...............................................................................................................................................1
P1- Explain the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation..........................................................................................................1
P2- Explain the strengths and weakness of different approaches to recruitment and selection..3
Task 2...............................................................................................................................................5
P3. Explain the benefits of different HRM practices within an organisation for both the
employer and employee..............................................................................................................5
P4. Evaluate the effectiveness of different HRM Practices in terms of raising organisational
profit and productivity.................................................................................................................6
Task 3...............................................................................................................................................7
P5. Analyse the importance of employee relations in respect to influencing HRM decision
making.........................................................................................................................................7
P6. Identify the key elements of employment legislation and the impact it has upon HRM
decision making..........................................................................................................................9
Task 4.............................................................................................................................................10
P7. Illustrate the application of HRM practices in a work related context, using specific
examples....................................................................................................................................10
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................13
Benefits of HRM Practices for Organizational Profit and Productivity_2
INTRODUCTION
Human resource in an organisation is a vital resource for obtaining organisational goals,
thus, their management and coordination is essential. Human resource management leads a
crucial role in managing the human resource working in a organisation. Moreover, Human
resource management help to improve brand image and to sustain in the market for long. Human
resource management is designed in a company for maximising the employees performance in
accordance to the employer's strategic goals (Abbasi and et.al, 2020). Therefore, the following
report outline the function, role and scope of the HRM in a company for achieving strategic
goals . Moreover, the presented study highlights the key elements of The HRM in an
organisation. John Lewis is underlying for addressing the case scenario in accordance to the role
of HRM. Furthermore, this report throw light on the various internal & External factors that
affect the HRM decision making. At the end, following report present the HRM practice in John
Lewis.
Task 1
P1- Explain the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation.
Human resource management is the concept of managing people in an organisation.
Importance of HRM in context of John Lewis is that the company is working from more than
150 years and have more than 80,000 employees. Hence to handle large amount of workforce
they need good HRM policies. With the help of HRM only their business spread worldwide.
Functions of HRM in the company-
Recruitment and selection-
John Lewis recruit skilled employees which is suitable for particular positions on regular
basis. Company firstly conduct online test if candidate clear this then they conduct a online
interview and then they call the candidates to their office for further interviews, and then they
select best candidates among all. Recruitment and selection process in company is very tough
because they require best employees for their business (Shipper and Hoffman, 2020). Training of employees-
1
Benefits of HRM Practices for Organizational Profit and Productivity_3
Company provide training to their new employees as well as their existing employees at
timely basis. They trained new comers under very experienced employees so the best training
should be given to them. They also provide payments for their trainees. Motivating employees-
In the month of march at every year they share bonus to their employees. Company offer
competitive pay rates which means they can earn more with the help of their good performance.
They follow contribution pension scheme which is almost 4% after three years working
performance in company. They mostly focus on culture of employees and work according to that
to make sure that employees should feel free to work in the office (Rabenu and et.al, 2018). Handling problems-
Time to time meeting were held on human resource issues to handle the grievances in
organisation. HR works very closely with line managers of the company. They believe that 90%
of HR work is done with the help of line managers. They are the managers who directly contact
with senior managers to tell them about the working of workforce. Additional Facilities
Company provide holiday facilities to their employees like 22 days holidays for new
employees and 30 days holidays per year for the employees who work more than 10 years and 6
month holiday with full payment to employees who worked for more than 25 years. Healthy
foods and drinks were available in the office at affordable prices which tells that company take
care of the health of their employees.
Human resource planning is concern with future aspect that in case of any uncertainty
how a company manages their employees and assets to overcome that loss. HR planning of John
Lewis focus on survey and Research & Development department to know that where they need
more workforce and what are their future opportunities. They make budgets and keep funds for
uncertainties like- sudden defect in machines. They allow their employees for any suggestions
related to growth of company and if the idea is good then that employee will be appreciated and
awarded (Jabbour and de Sousa Jabbour, 2016).
Purpose of HR basically defines as activities which involves in maximising productivity
of company with best performance of their employees. They allow their employees to work in
formal as well as in informal uniform, to make their employees comfortable to give their best
2
Benefits of HRM Practices for Organizational Profit and Productivity_4

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