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HRM Practices in Human Resources Resource Management

   

Added on  2020-10-22

14 Pages3943 Words186 Views
HUMAN RESOURCEMANAGEMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and functions of HRM, applicable to workforce planning..................................1P2 Strengths and weaknesses of several different approaches for recruitment and selection2P3 Benefits of different HRM practices for the employer as well as employees..................4P4 Effectiveness of HRM Practices.......................................................................................5P5 Importance of workers relations to influence HRM decision-making..............................6P6 Key element of employee's legislation and its impact on decision making process of HRM................................................................................................................................................7P7 Application of HRM practices..........................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONHuman resource management plays a vital role managing and handling entire workforceof a business association. It is a strategic approach of effective management within anorganisations' workers as they can contribute to obtain competitive edge. The human resourcedepartment of the firm is designed in order to increase performance level of employees and therole of HR manager is to development various policies and strategies. WALMART is the chosenorganisations in the present assignment which is a multinational retailing firm which deals ingrocery products and services (Bulgurcu, Cavusoglu and Benbasat, 2010). The main objective ofthe firm is to deliver qualitative and value added products to customers to accomplish its goalsand objectives. The report will be describe purpose and functions of HRM in context ofworkforce planning. Various approaches of recruitment and selection will be defined later.Readers will also come to know about benefits of HRM practices for employee and employers. TASK 1P1 Purpose and functions of HRM, applicable to workforce planningWorkforce planning – The term workforce planning is a continuous process which isaligned with priorities and needs of a business's workforce so as to ensure that firm is meetingwith its legislative, service, regulatory and production requirements in the best possible manner.Basically, workforce planning enables evidence based workforce development strategies. Alongwith this, it is essential for managers to have strategic workforce planning which is emphasisedon determining employees' implications, transition, current and future objectives of a business.Therefore, HR managers of WALMART are required to make an effective workforce planningthat is able to provide high productivity and market growth to company. Purpose of human resource management - Human resource management works aroundboosting workers productivity. HR experts deal with the human capital of an association andspotlight on actualizing approaches and forms (Decker, Riley and Siemer, 2012). They canrepresent considerable authority in selecting, preparing, representative relations or advantages.Planning and development experts guarantee that workers are prepared and have persistentimprovement. This is done through preparing programs, execution assessments and rewardprograms. Apart from this, HRM concentrates on internal sources of competitive advantage. Itregards people as an organization ‘s most important asset. The HR manager also communicates1

with employees and adapts the organization’s culture and structure to their needs—for example,in negotiating with unions or re-engineering processes.The main functions of human resource management is stated as under: - Recruitment and selection – It is one of the most imperative function of HRM which referswith attracting wide range of applicants and select the best one among all other alternatives.Basically, recruitment also consists with choosing individuals for unpaid roles andresponsibilities. Apart from this selection is a procedure of picking most appropriate or suitablecandidate who has abilities to meet company's expectations and fulfil vacant position, Training and development – It is the responsibility of human resource manager of the companyto provide training and further guidance so as to improve their efficiencies and abilities. InWALMART, HR personnel organises different training and learning events so as increasescompetencies of staff members; it results they will be able to perform high and more effectiveway (Hobfoll, 2011).Payroll management – Another function of HR is to look compensations and benefits, for thisthe person conducts a research and make a evaluation of salary trends. Then prepare strategiesand compensation plans accordingly. P2 Strengths and weaknesses of several different approaches for recruitment and selectionRecruitment is process for hiring candidates according to firm job specialisations as wellas applicants skills and knowledge. HR manager of the company has find out job requirementwith in work place by which they are prepare documentation of hiring and selecting employeesfor an organisation. There are two kind of recruitment sources external as well as internal whichare used by human resources manager according to their needs. Internal recruitment sources: In this process, HR executive has hire candidates fromwith in an organisation through promotion, demotion, transfer and many more. External recruitment sources: HR manager has recruit candidate by externalenvironment through campus placements, agency, job fair, recruitment firm etc. Both kind of recruitment sources has their own strength and weaknesses are explain asfollows: Recruitmentprocess Strength WeaknessesInternalIt save time as well as resources ofLimited choice of applicants2

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