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Human Resource Management at BARCLAY

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Added on  2020-11-23

Human Resource Management at BARCLAY

   Added on 2020-11-23

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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1- Purpose and functions of HRM and also “soft and hard” HRM approaches for planningand resourcing........................................................................................................................1P2 Strength and Weakness of different approaches to Recruitment and Selection relate tointernal and external recruitment............................................................................................3TASK 2............................................................................................................................................5P3 Benefits of different HRM practices for both employees and firm...................................5P4 evaluate the effectiveness of HRM practices in terms of raising organisational profitabilityand productivity......................................................................................................................7TASK 3 ...........................................................................................................................................8P5 Analyse the importance of employee relations in respect to influence HRM decisionmaking....................................................................................................................................8P6 Key elements of employment legislation and impact upon HRM decision making.......10TASK 4..........................................................................................................................................11P7 Apply HRM practice in work related context.................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
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INTRODUCTIONHuman Resource Management (HRM) is effective approach in managing people in anorganisation, so that organisation gains competitive advantage (Mura, 2015). It includesrecruitment and selection, training and development, appraisal and reward. Present study layemphasis on BARCLAY. Barclay is a British multinational investment bank and financialservices company headquartered in London. It is founded on 17 November 1690 in city ofLondon. There are 79,900 employees working in Barclay. This file says about purpose andfunction of HRM, strength and weakness of different approaches to recruitment and selection,benefits of different HRM practices, significance of employee relation influencing to HRMdecision making.TASK 1P1- Purpose and functions of HRM and also “soft and hard” HRM approaches for planning andresourcingHuman resource management (HRM or HR) is strategic approach within a company whichfocusses on recruitment, training and development, performance appraisal, rewarding (Tarba,2016). HR also concern with organisational change and industrial relations. It is an approach tomanage people and work culture in industry. Nature- Helping the organisation to attain its target effectively and efficiently byproviding skilled, competent and motivated employees (Tarba, 2016). It is also HRMresponsibility to make employees satisfied.Scope- Scope of HRM consists of acquisition, development, health and safety ofemployees, controlling like HR audit, accounts and information system (Mura, 2015). It can alsodeal with welfare aspects like transport, housing, medical assistance, education, recreationfacilities. Functions of HRM1
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HRM is a premeditated approach to manage staff and work culture in organisation(Tarba, 2016).The functions of human resource management (HRM) is explained below:Training & Development: - This function refers to learn and adopt new skills,technologies to do job efficiently. By doing this Barclay bring the employees to the higher leveland with more responsibilities. Purpose - Results are monitored and measured to give them appraisal for their learning anddevelopment. Recruitment & Selection:- A lot of attention and resources are required to draw, employand hold the prospective employees (Tarba, 2016). In Barclay, activities are done like, jobposting, sourcing the prospective candidates, interviewing, salary negotiations and making thejob offer.Purpose - Selection of best among all makes this function more important as company'sgrowth depends on selected candidates.2
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