Human Resource Management: H&M

Added on - 21 Feb 2021

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Human ResourceManagement
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P2 Elaborate strengths and weaknesses of various approaches of recruitment and selection.....6TASK 2............................................................................................................................................7P3 Benefits of practices related to human resource in context of employee and employer........7P4 Evaluate the effectiveness of different HRM practices in terms of raising organisationalprofit and productivity.................................................................................................................8TASK 3............................................................................................................................................9P5 Importance of employee relation and its influence in decision making process..................9P6 Identify the key elements of employment legislation and the impact it has upon HRMdecision making.........................................................................................................................9TASK 4..........................................................................................................................................10P7 Application of HRM practices in work related context to organisation..............................10CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONHuman resource management is the chain of activities that includes recruitment,selection, induction to employees, provide training and development and appraise theirperformance with many more are the crucial function of it. It handles all aspects related toemployee to give quality of work life that give motivation to employees and they are able to givetheir best. This report is based on H&M which is a Swedish multinational clothing retailcompany and known for its fast fashion retailing for sections in which men, women, children'sand teenagers. It operates in almost 62 countries with 4500 stores and give employment to132,000 employees at present. This report is based on purpose and scope of HRM in terms oftalent and skill association to achieve organisational goals and objectives. It also includeseffectiveness of Human resource elements in a firm with internal and external factors that helpsin decision making process. To coordinate each and every activity organisation have to applyvarious practices in wider organisational context.TASK 1P1Purpose with function of HRM by applying Workforce planning and resourcing anorganisation.H&M founded in year 1947 as an Swedish clothing retailer and become one of most wellknown brand name in fashion industry. It has 4000 stores in world wide and aimed to open 7000to 8000 stores in future (Abdelhak, Grostick and Hanken, 2014.). It deals in fast fashion groupby higher merchandise turnover by continuously resupplying products and services. It providesproducts and services at low prices in comparison to their fierce competitors the reason that itsclothes are notorious for their disposable nature and easy to produce.Mission statement:
The mission of H&M is to drive long term changes in positive way and enhance workingconditions by invest in people, communities by bringing innovative ideas. With their visionstatement to lead changes towards renewable fashion industry.Purpose:The main purpose and objective of H&M is to manufacture sustainable clothing ataccessible price to all market base (Ageron, Gunasekaran and Spalanzani, 2012..). For H&Mglobal challenge award is an innovation challenge that demands new ideas, products andregarding solutions to build best reforms and protect the environment.Core business:The core business of H&M is to build products and services as per consumers needs anddemand, deals in fashion retailing industry by manufacturing for women, men and children's.They have wide product portfolio and work under eight major brands in which H&M, COS,Monki, Weekday and H&M Home with ARKET, Afound.Purpose and functions of HRM:Human resource management is one of the important attribute for an organisation toplanning, organising, directing and controlling of various activities in which procurement,development and integration to achieve organisational goals and objectives (Andreeva andKianto, 2012.). The main purpose of HRM is to select competitive staff members as per the needof organisation that helps to remain enough competitive in marketplace. They also giveassurance to satisfy consumer needs and wants of individuals to reach at desirable goals andobjectives. So human resource is one of most crucial department in an organisation to select andretain one of competitive staff members in an organisation. In context of H&M they givetraining and development, orientation and education to their employees with help of humanresource management so that organisation can be achieve desirable goals and objectives.Function of HRM:There are three major functions of Human resource management that are as follows:Managerial function:In an organisation there are many functions in that plays major role in organisationaldevelopment and enhancement that are as follows:Planning:
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