Functions of HRM in LV

HUMAN RESOURCE MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
ACTIVITY 1...................................................................................................................................3
A) Purpose and functions of HRM..............................................................................................3
B) Functions relating to work force planning..............................................................................4
C)Strength and Weakness of Recruitment and Selection............................................................5
ACTIVITY 2...................................................................................................................................7
Person Specification for personal assistant job...........................................................................7
ACTIVITY 3.................................................................................................................................10
a. Learning and development opportunities...............................................................................10
b. Reward and benefits provided by enterprise from both organisation and staff perspective..12
ACTIVITY 4.................................................................................................................................13
Define the term employee relations and analyse the significance of effective employee
relations......................................................................................................................................13
Identification on key elements of UK employment legislation and how they influence HR
decision making.........................................................................................................................14
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................16

INTRODUCTION
Human resource management can be defined as the process of recruiting, selecting,
inducting and training employees in order to achieve organizational goals. This function assists
company in gaining competitive advantage. Present report will lay emphasis on LV which is
United Kingdom’s largest friendly society owned by its members. It was established in year
1843. Company is engaged in providing insurance services. Report will focus on purpose and
functions of Human resource management. It will also analyse the importance of functions
related to workforce planning. Study emphasises on strength and weakness of recruitment and
selection approaches. Assignment analyses benefits of different HRM practices within
organization. It will also evaluate effectiveness of these HR practices. It will also analyse
importance of HRM relation in decision making process. Report will also analyse key elements
of employee legislation and their impact on organization.
ACTIVITY 1
A) Purpose and functions of HRM
The purpose of HRM in LV is to maximise productivity by making effective utilization of
human resources. Various functions of human resource management include the following:
Planning: It includes activities such as determining personnel programmes like evaluating
the hiring needs, planning requirements of job and make resources available to staff members
(Renwick and et.al., 2016). Purpose of planning in LV is to make best utilization of most
valuable assets which is human resource and also making sure that there is no shortage
workforce while achieving business activities.
Resourcing: It means that LV is engaged in attracting efficient people which are best fitted
in organization and retain them so that goals are achieved effectively. Purpose of resourcing is to
hire most talented work force in order to enhance productivity of organization.
Training and development: It is being given to increase skills and ability of employees in
LV. Purpose of training and development in company is to increase productivity related to job
and performance of employees in firm. For example, coaching and mentoring can be given to
develop teams.
Reward: In this monetary or non-monetary rewards can be given to employees on basis of
their performance, ability and skills. The main purpose of LV to provide reward is to increase
motivation level of employees. It also creates worker’s loyalty towards firm.

Performance management: It ensures that activities carried on by employees meet up
organizational goals and objectives. Purpose of performance management is to provide workers
with significant data which can assist them in making appropriate decisions. It will assist LV in
enhancing employees work performance.
Employee relations: It is basically company’s effort towards building up a strong
relationship with workers. In order to enhance bond, open communication can be used by LV.
Purpose of maintain employee relation is to increase employee engagement in company.
Recruitment and Selection: This means attracting a pool of talented employees towards
company and hiring the best among them to increase productivity of LV. Purpose of recruitment
and selection is to fill up vacant positions in company.
B) Functions relating to work force planning
Workforce planning includes analysing, forecasting and planning related to supply and
demand of human resources. Various function related to workforce planning includes the
following:
Recruitment and Selection: It is the most important part of workforce planning. In this
LV needs to engaged in hiring and selecting effective talent in organization so that their
operational efficiency increases and also they are able to maximise profitability effectively
(Huemann, Keegan and Turner, 2018). It includes plan related to attracting employees and also
identifies goals for particular position.
Reward management: Main objective of reward management is to provide rewards and
incentives to employees fairly and equally. It is important for LV to provide employees with
monetary and non-monetary benefits so that workers can stay motivated. It helps organization in
increasing job performance and this also enhances belongingness of workers towards firm. This
aspect can support LV in reducing employee turnover. They can recognise talent and provide
them with enrichment opportunities.
Training and development: Workforce planning and development can help LV in
ensuring that they have right people with right skills placed on right job. This can support firm in
maximising profit and also help them in growing. In this they can utilise human resource
effectively in order to achieve organizational strategic goals and objectives. Various type of
training can be provided by LV such as on the job and off the job. Training is very essential so
that skills of employees can be improved.