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Human Resource Management Assignment - Barclay Bank

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Added on  2020-10-22

Human Resource Management Assignment - Barclay Bank

   Added on 2020-10-22

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Human Resource Management Assignment - Barclay Bank_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and functions of HRM needed for workforce planning......................................1P2 Strengths and weaknesses of different approaches to recruitment and selection .............3TASK 2............................................................................................................................................5P3 Benefits of HRM practices for employee and employer...................................................5P4 Evaluate the effective of different HRM practices to increase organisational profits......9TASK 3..........................................................................................................................................10P5 Importance of employee relation to influence HRM decision making..........................10P6 Elements of employee legislation and its impact on HRM decision making ................12TASK 4..........................................................................................................................................13P7 Applications of HRM practices in work related context with examples.........................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONHuman Resource Management deals with planning, directing, controlling, staffing andcoordinating employees. Human resource is a function which deal with different type of peopleor issues which is related with training, hiring, developing and organizing of the employees. Thestudy is based on Barclay Bank which is a British multinational investment bank and financialcompany headquartered in London. This report will outline HRM functions and their purpose.Further, report outlines strengths and weaknesses of recruitment and selection approachesimplied in the company. This report also includes benefits of HRM practices for employers andemployees. Further, it will derive employee relation benefits with the help of employeeengagement model. Thus, it will identify job specification of HR manager which will provideoutline over HR skills of bank after training.TASK 1P1 Purpose and functions of HRM needed for workforce planningHuman resource managementHuman resource management is a process of planning, directing, controlling, staffing,coordinating organisational activities and manpower. HR manager of Barclay bank is focused onencouraging and motivating candidates for increasing their work performance, effectively andefficiently. Human resource management is persuasive in nature that is focused on differentfactors which influence staff that is attitudes, beliefs, motivation and individual behaviours(Chauhan and Wilkins, 2018).Scope of human resource managementMotivating employees: Barclay bank focus on the employees needs and motivate themfor giving recognition and giving flexibility to analyse the work.Build relation between employee and employer: This drives scope of HR individualwhere focus of person is on managing relationship between employee and employer forbetter communication or coordinating.Managing occupational of health and safety: HR of Barclay bank follow systematistapproach of managing health and safety. It encourages the candidate for healthy workforce to compile the health and safety of candidates.Functions of Human Resource Management and its Purpose1
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Recruitment: Recruitment is a process of hiring candidates. It includes selecting thecandidates for vacant job, attracting candidate for job, negotiation of salary, screening,job description, etc. (Dinkevich, 2017) HR manager of Barclay bank is responsible forassigning work to right candidate for right position. The purpose of recruitment is toensure staffing of employee as per vacancy, job profile and corporate culture of firm(Quero and et.al., 2016).Training and development: HR manager of Barclay bank provide training to thecandidates for enhancing their skills and ability of work force. Training in Barclay bankis organised on regular basis to ensure improvement in skills and competencies of staff asper changing business environment. Purpose of training and development is to enhancethe performance and productivity of bank. The firm organises different on the job trainingsession which are purpose oriented.Performance management: Performance management motivates the candidates forenhancing their performance and assign work according to their ability. Candidates workaccording to the requirement of the company to achieve productive outputs with self-motivation. The purpose of performance management is to analyse interests of candidatesin job role. Further, it helps the employer in managing activities and different approacheswhich helps in outlining appreciating performance of employees like rewards system,incentives, bonus, etc. (Attig and Cleary, 2015).Selection: Selection is the most important function of 'Barclay bank 'because selection iswhere HR manager have to select candidates for vacant position. In this section, HRmanger will take interviews, group discussion, ability test, etc. In selection processpurpose of HR manager of Barclay bank has to select right candidates as per requirementof job role and position. Hard and Soft Human resource approachesHard approachesAccording to hard approach employees work with firm the firm for minimum pay.Further, as per this performance of employees is also rewarded on the basis of achieving of goalsand objectives (Anifowoshe and et. al., 2018). Barclay bank owns global presence for whichfirm complies to hard approach of HRM where focus of firm is on instructing employee to work2
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