Human Resource Management (Unit 03)

HUMAN RESOURCE
MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
Task 1...............................................................................................................................................3
P1 Explain the purpose and function of HRM applicable to workforce planning and
resourcing an organisation......................................................................................................3
P2 Explain the strength and weakness of different approaches to recruitment and selection.5
Task2................................................................................................................................................8
P3 Explain the benefits of different HRM practices within an organisation for both the
employer and employee..........................................................................................................8
P4 Evaluate the different HRM practices in terms of raising organisational profit and
productivity...........................................................................................................................10
Task 3.............................................................................................................................................11
P5 Analyse the importance of employee relations in respect to influencing the HRM decision
making..................................................................................................................................11
P6 Identify the key elements of employment legislation and the impact it has upon HRM
decision making....................................................................................................................12
Task 4.............................................................................................................................................13
P7 Illustrate the application of HRM practices in work-related context , using specific
examples...............................................................................................................................13
Conclusion.....................................................................................................................................15
REFERENCES..............................................................................................................................16

INTRODUCTION
Human Resource is term which is used to define a “people” which together form a work
force of an organisation. Human resources management is concerned with effective management
of work force within an organisation to improve the their productivity and performance so that
jointly they can work in a goal-oriented direction(Lee, 2019). Activities of human resource
management majorly focus on recruiting, selecting, orientation,training and development,
performance appraisal, managing rewards and compensation, motivating employees, maintaining
healthy relationship with employees and trade unions, along with ensuring safety and security of
employees. People in the organisation is the most valuable assets and organisation aims success
and growth with the growth and development of its workforce. Next Plc or Next is a British retail
multinational public limited company, headquartered at Enderby, England. Joseph Hepworth laid
the foundation in the year 1864, offering clothing, footwear and home products. This report
covers a purpose, functions of HRM, Strength and weakness of different approaches to
recruitment and selection and benefits of HRM practices and its effectiveness.
Task 1
P1 Explain the purpose and function of HRM applicable to workforce planning and resourcing
an organisation.
Overview of Next Plc
Next PLC was founded in the 1864 by Joseph Hepworth as a tailor under the title of
Joseph Hepworth & Sons. ,with the headquarter in Enderby, England. It is a British multinational
company offering the products majorly in three segments, clothing, home, and footwear. Next is
operating in an around 700 different location all over the world, out of 500 are in United
Kingdom and 200 are across Asia, Europe and middle east. Next Plc have succeeded a giant firm
Marks & Spencer in terms of sales revenue in the year 2012 and 2014. Hepworth & Sons. was in
partnership with James Rhodes but got dissolve in 1872 and emerged as a different entity.
Mission Statement
Next Plc's mission statement is to provide its customers exceptional quality of products
with appealing designs which derive a outstanding value that matches their needs and
expectations.
Meaning of HRM

Human Resource management encompasses acquiring and managing the work force
within an organisation and provide them a proper training and development in order to make
better use of their knowledge, skills, abilities and potentiality, for effectively contributing
towards achievement of business objectives(Han and et. al., 2019).
Objectives of HRM
 Work culture :- One of the main objective of Human Resource management is to
promote a healthy work culture within an organisation. People in a positive environment
works effectively and efficiently. Maintaining and promoting healthy and transparent
relations among the team members is a good approach to adopt.
 Training and development :- Another important aspect of HRM is to conduct and
impart proper training to its employees so as to increase their productivity and
performance within an organisation.
 Employee motivation :- HRM aims at keeping the morale of employees always high and
avoiding negative vibes and distractions. Employee recognition with the help of appraisal
programmes is better approach to keep the workforce motivated.
 Employee Retention :- HRM practices broadly focuses on strengthening the skills and
abilities of an each employee so that satisfaction level among the employees increases.
Employee with high satisfaction level is more likely to stay with company and contribute
towards reducing the employee turnover rate(Ferraris, Erhardt and Bresciani,2019).
Purpose of HRM
 Recruitment & Selection :- The sole purpose of HRM is to fill a work force gap in an
organisation. Managers identify the need to hire and engage people in an organisation to
achieve its objective.
 Compensation Management :- To provide fair and adequate compensation and benefits
to the employees is another main purpose of HRM. HRM ensures that each and every
employee is treated equally(Cooper and et. al., 2019).
 Performance management :- HRM practices ensures that the performance of each
employee is evaluated on a regular basis to check whether their efforts are in align with
organisation objectives or not.
Functions of HRM