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Human Resource Management of Barclays Plc

   

Added on  2020-10-05

17 Pages5317 Words300 Views
HUMAN RESOURCEMANAGEMENT
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Table of ContentsINTRODUCTION...........................................................................................................................3P1 Description on purpose and function of HR, scope of strategic HRM and also defined hardand soft approaches.....................................................................................................................4P2 Define strength and weakness of various approaches to recruitment and selection. Discussbenefits and shortcomings of internal and external recruitment and selection...........................7P3 Description on the benefits of HRM practices for employer and employee..........................9P4 Evaluation on the effectiveness of different HRM practices for raising organizationprofitability and productivity. ..................................................................................................10P5 Analyse the importance of employee relations in respect to influencing HRM decisionmaking.......................................................................................................................................11P6 Determine the key element of employment legislation and impact on HRM decisionmaking.......................................................................................................................................12P7 Application of HRM practices in work related context with specific industry example.....13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTION Human Resource Management is a comprehensive and strategic approach of managingpeople within the enterprise (Eikeland and Skjærseth, 2016). Thus, HR of firm are responsible towork majorly for the areas as staffing, compensation and benefits of employees or designing oftask. Moreover, main goal of HRM is to have maximisation in productivity with help ofoptimizing the employees effectiveness. Human resource management within the enterpriseworks for proper utilisation of skilled workforce and they considered to be crucial assets to firm. The present report is based on the business activities of Barclays Plc, it is Britishmultination investment bank and deal in finance related services. It is enity that organised intifour core bsuinesse as personal bankin, wealth managment, corporate banking and investmentmanagment.Furthermore, report will focus over topics as purpose and function of HR, scope ofStrategic HRM, approaches of HRM I.e hard and soft, benefital and shortcoming aspect ofrecruitment and selection, evalation on the effectiveness of varied HRM practices. Lastlty,application of work related HRM practices will be defined. P1 Description on purpose and function of HR, scope of strategic HRM and also defined hardand soft approaches.The Human resource Management is a process that aids to bind people with enterprise.Thus, number of practices, procedures and policies are needed to framed out to provideassistance to employees and organization both to achieve the enterprise goals. The main missionof HR department of Barclays plc is to make effective coordination among people so thataltogether they can able to achieve desired results. Purpose of HRM- Human Resource of the enterprise works as to have creation of bridge between linemanagement and company workforce. They are the personnel who has several key purpose as- The human resource management in enterprise creates and execute the policies in orderto attract, retain and recruit a quality workforce (What Is the Purpose of HRManagement?, 2017.).This department work as to serve internal customer and build better and effective externalrelationships.
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Human resource management within enterprise structures employment contract and alsoensures to provide equal opportunity and safe working environment. Function of HRM To analyse the performance of employees is one of the core function that has to beperformed by Human resource engagement. Thus, to maximise both employee and enterpriseeffectiveness, HR to the firm needs to perform the functions and that is inclusive of managerialand operative as- Managerial function-Planning- It is initial function in this HR needs to set aims and objectives of the entity.Thus, HRM of Barclays Plc laid down the procedures and polices to get desiredobjectives. It assists to management to collect, analyse and identify the current needswithin the enterprise. Organising- It comes after planning and aids to organise the proper structure. Thismainly related with allocation of task to member as per their skills and capabilities(Albrecht and et.al., 2015). Thus, managers of Barclays plc assigned job role toindividuals as per their knowledge in particualr fields. Directing- This is function that defined each level has effective employees that aids tomaking and contributing towards achieving organisation goals. By motivating andcommanding employees,firm can able to use their maximum potentialsControlling- At this level, post planhning and actual results are needed to be checked,varied and compared. If there is any deviation, then controlling measures are needed to betaken.Operative function includes- Recruitment and selection- This is defined as process of screening and selectingqualified and potential candidates based on well defined criteria for particular job. Thefirm needs to execute the proper staffing plans and to grade employees as per theircapabilities ( George, Haas and Pentland, 2014). The HR of Barclays Plc perform thisrole with effectiveness as it aids to have reduction in cost of mistakes as to hireunmotivated, incompetent and under-qualified employees. Orientation- It is a program that has to conducted and should include objective and goalsof enterprise and aids to employee to achieve long and short term goals. This also helps
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