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Benefits of HRM Practices for Employer and Employee

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Added on  2023-01-11

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This article discusses the benefits of different HRM practices within an organization for both employers and employees. It focuses on the advantages of training and development, such as improving skills and knowledge, and the benefits of reward management, such as improving productivity and maintaining a skilled workforce.

Benefits of HRM Practices for Employer and Employee

   Added on 2023-01-11

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Human Resource
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Benefits of HRM Practices for Employer and Employee_1
Table of Contents
Table of Contents.............................................................................................................................2
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 strengths and weaknesses of different approaches to recruitment and selection.
................................................................................................................................................5
TASK 2............................................................................................................................................8
P3. Explain the benefits of different HRM practices within an organisation for both employer
and employee..........................................................................................................................8
P4. Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity............................................................................................................9
TASK 3..........................................................................................................................................11
P5. Analyse the importance of employee relation in respect to influencing HRM decision-
making..................................................................................................................................11
P6 Identify key elements of employment legislation and impact it has upon HRM decision
making..................................................................................................................................12
TASK 4..........................................................................................................................................14
P7. Illustrate the application of HRM practices of in work-related context, using specific
examples...............................................................................................................................14
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19
Benefits of HRM Practices for Employer and Employee_2
INTRODUCTION
The personnel in a business setting or in an organisation are regarded and considered as a
significant asset in terms of abilities, skills and competencies in relation with running the
business and making it a success, these individuals associated with the company are known as
human resource and also formally named as workforce(Glendon, Clarke and McKenna, 2016).
The human resource management is a practice that undertakes different activities for managing
the workforce and employees of a company in order to make them productive enough along with
fulfilling the expectations of the organisation. The report is developed on M&S which is a
multinational retailer of United Kingdom commonly known as M&S. It were founded in 1884 by
Michael Marks and Thomas Spencer and the company is headquartered in England, UK but
serves all over the world. The organisation has a very significant employee base which makes it
important to hold an appropriate HRM practice and Management staff.
The report focuses over the purpose and functions of human resource Management which
are applied by organisations in planning and resourcing. Accompanied by it diverse tactics of
staffing and selection are critically evaluated. Moreover, the next part of the report covers the
benefits of numerous HRM practices which are adopted by organisation in relation to both their
employees and employer and also the effectiveness it brought to the profit and productivity of
the company(Banfield, Kay and Royles, 2018). Furthermore, the signifance of worker relation
and its influence over the decision making of human resource management are examine also by
focusing over different employment legislations which are essential for the company to follow.
At the end specific examples are used such as job description and interview notes for showing
the application of different HRM practices in work related context.
TASK 1
P1. Explain the purpose and function of HRM applicable to workforce planning and resourcing
an organisation.
Human resource Management is formally notified as HRM, it is the practice which
organisation undertakes of recruiting, hiring, deploying and managing the employees and
workforce working in the company (Nieves and Segarra-Ciprés, 2015). HRM department of
organisations are commonly responsible for creating, putting into effect and overseen policies,
governing the people take full responsibility for the people of the company. It is really an
Benefits of HRM Practices for Employer and Employee_3
employee management process with an emphasis on personnel’s as an asset to the company and
to the success in growth of the business. The HRM of M&S also have several different roles,
purposes and functions to perform in relation with the company and for the management of the
workforce associated with it. The role, function and purposes of HRM M&S are elaborated
underneathwhich are applicable to workforce planning and resources in the company (Tharenou,
2015).
Role of HRM:
Building diverse teams- The diversity in workforce increases the competitiveness of the
company. The diverse teams do not share the same point to view and opinions from the
very beginning and the HR plays an important role in bringing in the thinking and
mentality of different teams. HRM department of M&S is responsible for overseeing the
recruitment process for building the diverse teams for the company and it specifically
refers to the mixture of different personalities rather than number of women and men in
management.
Developing and retaining talents-The modern organisations like M&S are significantly
dependent upon the quality of their employees and their performances. The company
invest a lot of money and time in the development of the workforce for enhancing their
abilities and building the competitive advantage (Jennings and Stadler, 2015). Therefore
the HRM is responsible for development of employees and their role is to identify the
best development opportunities for employees that keep them motivated and loyal
towards the organisation allowing them to stay for the longer period in the company.
Functions of HRM:
The functions of human resource management are classified in three following categories
which are mentioned below:
Managerial function- Under the managerial functions of HRM of M&S There are
several different roles which the department place and areas in which they focus. These
managerial functions are human resource planning, organising, directing and
controlling(Reiche and et. al., 2016).
Purpose: The sole purpose of managerial function of HRM unit of M&S is to identify the
needs of the organisation and fulfil its expectation in relation with the workforce along
Benefits of HRM Practices for Employer and Employee_4

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