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Management and Development of Employees - Report

   

Added on  2020-07-23

14 Pages3470 Words28 Views
HUMAN RESOURCEMANAGEMENT
Management and Development of Employees - Report_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Purpose and functions of human resource management (HRM).....................................1P2. Strengths and weaknesses of different methods of recruitment and selection.................2TASK 2............................................................................................................................................3P3. Advantages of HRM for employer and employees..........................................................3P4. Role of HRM practices in increasing profitability and efficiency of organisation..........4TASK 3............................................................................................................................................5P5. Importance of employee relations in decision making in HRM......................................5P6. Key elements of employee legislations in HRM decision making..................................6TASK 4............................................................................................................................................7P7. Applying HRM practices in work related context...........................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONHuman resource management is a vital process that includes designing effectivestrategies and policies for managing the manpower of an organisation. There is a separatefunctional unit for performing various activities related with this concept. It includes severalfunctions concerned with hiring, training, remuneration and development, etc. of manpowerworking in a company (Cascio and Boudreau, 2010). This report is about HSBC which is a largeorganisation involved in banking and financial services. In this assignment, purpose and scope ofhuman resource management will be discussed. Effectiveness of key factors related with thisscenario will also be explained. This concept is highly important in enhancing the efficientworking in this enterprise. TASK 1P1. Purpose and functions of human resource management (HRM)HRM is an important part in HSBC. This concept is related with management anddevelopment of employees working in this organisation. There are several objectives of thisprocess. These are as follows:Assessing the need of manpower for this companyEnsuring adequate and efficient use of human resourceDeveloping training and development sessions for the purpose of skill enhancementMotivating staff members to work effectively towards objectives of this organisationFunctions of HRMHuman resource department is entitled to perform several important functions in HSBC.They are involved in various processes and activities related with manpower of this organisation(5 Major Functions of Human Resource Management, 2017). Main roles of this department areas follows: Planning- It is concerned with designing appropriate plans for human resources of thisorganisation (Anderson, 2013). This process includes gathering and analysing data in order toidentify the need for manpower to operate various activities of company.Staffing- This function is related with recruiting and selecting employees in company.HRM department adopts various methods such as external and internal recruitment. Selection ofcandidates is done on the basis of skills and qualification required to perform particular job role.1
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Developing- It is related with assessing the development needs of employees in order todesign proper training sessions for enhancing their knowledge and skills for making them morecapable in performing their tasks. Motivating- In this function, manager uses several motivation techniques to encourageworkers to perform their tasks in an effective manner (Glendon, Clarke and McKenna, 2016). Itis essential for attaining the desired goals and objectives of HSBC in an effective manner.Appraising- In order to maintain the working standards of workers, it is required toconduct performance appraisal time to time therefore, it is another important activity of thisdepartment. (Source:- Roles and Responsibilities of Human Resource Management, 2017)2Illustration 1: Roles and Responsibilities of Human ResourceManagement
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