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Importance of Human Resource Management

   

Added on  2020-09-08

9 Pages2339 Words650 Views
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HUMAN RESOURCEMANAGEMENT (Part 2)
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 4............................................................................................................................................1P7 Application of Human resource management practices in a work-related context...........1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTION Human Resource Management (HRM) is a management function, concerned withrecruiting, selecting, motivating and retaining people in an enterprise (Human resourcemanagement, 2016). HRM is the directing, planning, organising and monitoring of thedevelopment, procurement, integration, separation, maintenance of HR to the end that social,individual and organisational objectives are attained (Lengnick-Hall, Beck and Lengnick-Hall,2011). It includes hiring the valuable people for the right job, planning personal requirement,analysing job, training and orienting and training, managing salaries and wages, evaluatingperformance, providing incentives plus benefits as well as communicating with entire workers atall levels. Selected organisation is McDonald's; it is a fast food chain all over the globe. Thisproject is based on application of HRM practices in a work-related context. TASK 4P7 Application of Human resource management practices in a work-related contextHRM practices are significant to manage the human capital which is essential for eachand every enterprise in order to achieve long term goals and objectives in allotted time period(Human Resource Management Good Practices, 2018). In McDonald's, there are various HRMpractices which are applied by the business manager with an aim of motivating and encouragingemployees. Some HRM practices are determined as follows: Articulation of values, mission and vision: Good HRM practices assist the businessmanager in order to accomplish long term vision, mission and values by providing good andeffective quality of products (Marchington and et.al., 2016). So, it is essential for McDonald's toattract large number of customers and improve employee performance in limited time period. Human resource management plan: It is also an important part of practices whichsupport the manager to design a proper plan. Accurate policy and strategies help theadministrator to organise training and development programs for the entire workforce in plannedmanner. Manpower planning: HRM practices support the company to analyse skills andknowledge of employees as per their work and performance. In this, manager divides all rolesand responsibilities to all workers according to their ability. So, it is also beneficial for thebusiness to attain high productivity and profitability. 1
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