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Human Resource Management - Natwest Bank Assignment

   

Added on  2021-02-21

12 Pages2933 Words32 Views
Professional DevelopmentHigher EducationPolitical Science
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Human ResourceManagement
Human Resource Management - Natwest Bank Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 Purpose and Functions of HRM........................................................................................3P2 Strength and weakness of different approaches to recruitment and selection...................4TASK 2............................................................................................................................................6(Covered in Booklet)..............................................................................................................6TASK 3............................................................................................................................................6P5 Importance of employee relation in influencing HRM decision making..........................6P6 Key element of employment legislation and the impact in HRM decision making.........6TASK 4............................................................................................................................................8P7 Illustrate the application of HRM practices at workplace using specific examples..........8CONCLUSION................................................................................................................................9REFERENECES............................................................................................................................11
Human Resource Management - Natwest Bank Assignment_2

Human Resource Management - Natwest Bank Assignment_3

INTRODUCTIONHuman resource management is process of recruitment, selection and providing trainingand development to employees (Boulton and et.al., 2014). This will help them in enhancing theirknowledge and skills which will result in increased productivity and effectiveness of a firm. Thisreport is based on Natwest Bank. It is an industry of financial services and provides productsrelated to banking and insurance. This bank was established with merger between NationalProvisional Bank and Westminister Bank in 1968. It has approx. 30000 number of workforce inits company. The respective company has also won many awards. Along with this, it isconsidered as one of Big four clearing bank in UK. This report is based on major functions andpurpose of human resource management. In addition to this, it also describes strength andweakness of recruitment and selection. There are various benefits which is provided to bothsuperior subordinates in an organisation. Along with this there are laws which is framed bygovernment in order to provide equal treatment to employees in a company.TASK 1P1 Purpose and Functions of HRMHuman resource management refers to the function of an organisation that deals withprocess of hiring and selecting talented and skilled workforce who can work effectively towardsthe achievement of goals and objectives of an organisation (Bryson, Crosby and Bloomberg,2014). Workforce planning resource is the process that helps in determining the current andfuture needs of employees for attaining goals. There are several purpose and functions of HRMwhich are explained as follows:Purpose of HRM:Training and development: The purpose of HRM is to provide training anddevelopment to their employees. In respect of Natwest Bank, employees are providedeffective training so that they get familiar with bank rules, policies as well it’s working.Along with this, it also helps them to enhance their knowledge and capabilities related tothe field of banking and insurance. Along with this, it will also boost their confidence andwill keep them energetic and motivated.Compensation: Another purpose of HRM is to provide equal compensation to theirworkers. Employees of Natwest Bank are provided equal compensation for their efforts
Human Resource Management - Natwest Bank Assignment_4

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