Table of Contents INTRODUCTION...........................................................................................................................1 Overview of the chosen Organization..........................................................................................1 LO1..................................................................................................................................................1 P1 Purpose and functions of HRM, Applicable to workforce planning......................................1 P2 Strengths and Weaknesses of Different Approaches to Recruitment & Selection.................2 LO2..................................................................................................................................................4 P3 Explain the benefits of HRM practices within the Marks & Spencer (M&S) Company.......4 P4 HRM practices effectiveness.................................................................................................5 LO3..................................................................................................................................................6 P5 Importance of employee relation............................................................................................6 P6 Determine the key element of employment legislation and impact on the human resource management decision making......................................................................................................7 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Overview of the chosen Organization Marks & Spencer Group PLC is a multinational company which was founded by Micheal Marks and Thomas Spencer in year 1884. It is considered to be one of the big name in Retail Industry. Its headquarters is in London, United Kingdom (UK). This company has specialization in selling high quality clothes, food products and home products. It provides its products at worldwide with opening around 1460+ stores at global market. It has given employment to around 80,780+ employees (Drucker, 2017). Present report will highlight the purpose and functions of HRM. It will discuss the strengths and weaknesses of the recruitment and selection approaches. It will tell about the various HRM practices and their benefits. It will evaluate the practices in terms of profitability andproductivityoforganization.Thisreportwillanalysistheimportanceofemployee relationship. It will highlight the key elements of employment legislation and its impact on the decision making of HRM. LO1 P1 Purpose and functions of HRM, Applicable to workforce planning Human Resource Management referes to the branch of management which basically deals with the employees and human working in the organization. It deals with the management of human capital and resources of the organization in order to achieve thecompetitive advantagesoveritscompetitors.Itisanimportantdepartmentaswellasfunctionof organization. MISSION STATEMENT Company's mission statement is to provide the best quality to the community of the world. PURPOSE There are various purpose of HRM in Marks and Spenser (M&S) company which are as follows - The main purpose behind the HRM is to manage the human capital and resources in proper way so that organization can attain its goals and objectives with the help of human efforts. For the optimum utilization of human capital and resources available to the company, it is important. 1
To deal with the issues of employees regarding any organizational aspects, HRM is significant. To maintain an ethical environment in the organization, HRM plays an important role (Noe and et.al., 2017). FUNCTIONS Functions of Human Resource Management of M&S Company are as follows - Workforce Planning Workforceplanningreferstothecontinuousplanningofhumanresourceinthe organization. It is done to ensure about the current and future needs of human capital for the organization. It is an important function for the M&S company's human resources as it plays an important role in demand and supply of human resource in the organization and mitigate the gap between demand and supply. It prevents organization from over or less human resource and capital availability as both situations are harmful for the company. Recruitment & Selection Recruitment refers to the process of notify and inviting the pool of candidates about the available job vacancies in the organization. Selection refers to the process of selecting suitable and potential candidates according to the requirements of company out of pool of candidates (Cascio, 2015). It is an important function in the context of M&S company as both these functions help organization to get best and suitable candidates for their organization and mitigates the human resource gap available in the organization. Training & Development Training refers to the process of providing selected employees an opportunity for the acquiring skills, knowledge and capabilities to perform tasks and gain knowledge regarding the backgroundandworkingenvironmentoftheorganization.Developmentreferstothe combination of training, organization and career development efforts in order to improve the efficiency of human resources. P2 Strengths and Weaknesses of Different Approaches to Recruitment & Selection There are various appraoches to recruitment and selection which is being used by Marks & Spencer (M&S) Company. 2
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APPROACHES TO RECRUITMENT There are various approaches which is being used by Company for the recruitment of employees. These approaches are as follows - Internal Approaches to Recruitment There are various internal approaches through which company recruit the employees (Bratton and Gold, 2017). These approaches are as follows - Promotion– It refers to the advancement in job position for the employees. It is a major approach being used for the internal recruitment. In case any employee die or leave the organization, M&S company hires the employees who are working on just below the position. Company gives him a responsibility to handle that job position with increment in salary, roles and responsibility. Strengths : It helps company to prevent from waste their time, money and efforts in finding another suitable candidates. Weaknesses : Due to promotion, it may cause resentment among other employees. Also, it stops new ideas coming into the organization by doing recruitment of internal employees. For example – an employee who is junior accountant are promoted to the senior accountant post. Thus, company doesn't need to provide knowledge and training regarding their accounting standards and policy. There are various junior accountants which will now become jealous of that particular accountant who get promotion. Transfer– It refers to the process of sending employees either into another department or another branch of company with same position. In case, purchasing department of M&S needs IT employees for the handling of mobile application being used by the department for their work. In this condition, HR department of the company can transfer an employee from IT department to purchasing department of company. Strengths : It helps company to reduce the surplus workforce through the shifting of employees to the department or branch where workforce is low (DeCenzo, Robbins and Verhulst, 2016). Weaknesses :A new enterprise cannot use internal approaches of recruitment. External Approaches to Recruitment There are various external approaches through which company recruit the suitable candidates. These approaches are as follows - 3
Advertisements– M&S company can use this approach. In this approach company will advertise the details of job vacancies and required candidates skills, experiences & qualification etc. in the newspapers, business magazines and professional journals etc. Strengths : It gives company a wide range of candidates for the required job positions. Weaknesses : it also can bring unsuitable candidates into organisation which can waste the time of human resource department as they have to go to whole process of recruitment and selection. Semi QualifiedCA Articles/ Accounts Trainees, Asstt. Accountants, knowing Taxes, TDS, ST, ROC,CMAOnline,GST,Tally,XL,ERPforM&SCompanyatLondon,ND-17.# 9999999999 Email: info@dotcom Campus Recruitment- M&S company can use this approach. In this approach, HR department of the company go to the colleges, universities and institutes campus for the recruitment of fresh suitable candidates for the company. In today's time, it becomes quite popular among various companies (Brewster, Chung and Sparrow, 2016). For example Company can go to famous London universities and management colleges to hire freshers who want to work in company. Strengths : It helps company to provide an opportunity to bring new ideas into the organisation which is beneficial for the firm. Weaknesses : If selected candidates are not suitable for the organisation or if they are not doing their work properly, this lead negative impact on the name of colleges, institutes or universities. APPROACHES TO SELECTION There are various approaches which is being used by M&S company. This approaches help company to select only those recruited candidates which is best and suitable for the organization. These approaches to selection are as follows - Preliminary Screening– It is also known as Initial screening. In this process, HRM of M&S Company will do screening of all the applications which is sent by pools of candidates. For example – company notify for the job availability in the organisation, suitable candidates send their resumes to the company and company will check the resumes and according take the decisions whether to further call to candidates or not. Strengths : Due to preliminary screening, company removes the application of unqualified or unsuitable candidates which is not good for company. 4
Weaknesses : It is a time consuming approach and the screening is done on the basis of so many criteria rather than one particular criteria (Morgeson, Brannick and Levine, 2019). Selection Tests– It is also known as Employment test. This approach is being used by company to know about the knowledge of employees regarding industry and work. There are some important tests used for the selection of recruited employees such as – Intelligence tests, personality tests, trade tests and interest tests etc. Strengths : it helps company to acquired suitable and knowlegdeable employees. Weaknesses : Marks obtained by employees doesn't reflect the creativity skills and ability to work. LO2 P3 Explain the benefits of HRM practices within the Marks & Spencer (M&S) Company The benefits of following HRM practices adopted by M&S are as follows - HRM PRACTICESBENEFITS TO EMPLOYEES BENEFITS TO EMPLOYER Effective Team BuildingDuetoeffectiveteam, Employees gain good working environmentinthecompany aseffectiveteamsmeans employeesoftheteamare understandable and aligned. Duetoeffectiveteam, employer is able to complete the tasks on time with the help of team. This lead employer to gain recognition. Training and DevelopmentIt helps employees to acquired skills and knowledge which is helpful in his task completion. It helps employer to prevent from waste his time on looking attheperformanceof employees. Recruitment and SelectionIt helps employees to get the jobatthecompanyby matchingwiththe requirements of the company. It helps employers to get the suitable employees. Work Force PlanningIt helps employees to develop their skills so that skill gap can It helps employer to prevent from such situations like high 5
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be mitigate.numbers of employees or low numbers of employees in the organisation. Rewards and IncentivesIt helps employees to motivate forthebetterperformance which improve their efficiency and profitability. It helps employer to gain loyal employeesaswellasto maintainagoodrelationship withthem(Noeandet.al., 2017). P4 HRM practices effectiveness There are seven best practices that will help in increasing profit and productivity are as follows: Security to employees:-This is the first practise that is being followed in Marks and Spencer. It provides safety and security to the employee that will help them in doing work effectively and efficiently. If the employees feel safe and secure in the company it will help in increasing profitability and they are completing their work on time that will lead to increase productivity of Marks and Spencer. Selecting right candidate:-This is another important practise for Marks and Spencer to select candidate that fits with the position in the company. If right person is being selected for right position then it will help in increasing growth for employees as well as for the company (Ahlvik, Smale and Sumelius, 2016).Hiring right people will know its job responsibilities clearly and it will perform better that will increase productivity of Marks and Spencer. Effective Team building:-It is also an important practice of building effective team in the company. Team work helps in achieving goal of the company. In Marks and Spencer effective team is formed that will help in enhancing growth for future and increasing profit for it. If team members are participating effectively then it will help in increasing productivity of Marks and Spencer. Rewards and Incentives:-Employee performance will be evaluating after a regular interval of time by taking feedback from other employees of Marks and Spencer. If employee performance is good then it will be giving rewards and that will also help in increasing profit of the company. If employees are performing good then it will also lead to increase productivity. 6
Training and development:-Providing proper training to employees will help in growth of them and as well for Marks and Spencer too. If employees are having skills according to the company's need then they will work effectively to achieve goal of the company. This will also help in achieving productivity. If employees are trained properly it will lead to give best in their work and that will increase profitability. Equality among employees:-This is another practise that will build confidence and sense of belonging in Marks and Spencer (Zhangand et. al.,2015)They will be treatedequally otherwise conflict may occur and that will reduce growth of the company. If all employees will work together and happy then it will increase profitabilityof the company. Sharing information:-It is important HRM practices of sharing information to each and every employee in the company (Ružić, 2015).If employees are involving in the activities of Marks and Spencer they will also take initiative in doing work effectively. LO3 P5 Employee relation helps in retaining employees Employee relation helps in retaining employees in the Marks and Spencer. As if good employee will leave the company then it will influence the decision making of it as different people is having different ideas that will help in growth of employees. If employees is having good relation then it will increase retention rate. There are fewer chances of conflict between the employees as they have good bonding between them that helps in increasing their productivity. If employee relation is effective then it helps in increasing motivation of employees that will lead to effective decision making(Garavan and et. al., 2016). It will help in doing work that is shared among the employees. This will lead to increase productivity for future. If employees are happy then the working environment is also good and that will lead to increase profit in the Marks and Spencer. If employee relation is healthy then it will reduce absenteeism in Marks and Spencer as employees are coming daily at the workplace and are serious regarding their work. It will also help in creating trust between the employees and they are comfortable in sharing their problems with each other. This will also enhance in making decision for the company as different employees is having different thoughts that will lead to take better decision for future course of action. If there is good employee relation then it will help in facilitating easy interaction with people and build healthy relation with each other. 7
Employee relation helps in achieving goal of Marks and Spencer as this will help in enhancing growth as well as productivity of employees. If employees are familiar with each other it will lead in increasing motivation of them and it will help in building employee relation for future course of action. They are more focused towards the future goals of company and that will increase profitability and productivity. It will also helpful when an employee is absent then other employee will help in managing its work that will create sense of belonging among them and it will be benefit for Marks and Spencer (Richards and Sang, 2019).Employee engagement activities will enhance this relation between employees and growth for future as well. If they are sharing mutual understanding then it will be beneficial for their future to manage things in the company. P6 Determine the key factor of employment government law and affecton the human resource management decision making Employment Government law is important part of organisation that develop by the government. In this way, many organizations are used the legislation to maintain their business operations and functions in proper manner.The employee law always ensures that it identify that those who can control and they offered the job (Turskis, and et.al.,2019). This type of legislation has followed by both employee and employer. In this way, it has created a strong relationship between them. In Marks and Spencer, Employment legislation is constantly involving in the business that impact on the enterprise and public concerns. Human resource managers can protect and secure the Marks and Spencer against the discrimination which require to understand the law and putting some policies or procedures into minimize the discrimination. HR Manager can work with the higher authority to address the individual issues and disciplines. The government isa responsible for enforcing and interpreting the legislation against the discrimination at workplace. There are common employment legislation that govern the organization relationship with employees. 8
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Health and Safety Act 1974 According to health and safety at work act 1974, It has provided the information, supervision and training regarding health or safety to their employee at workplace. It is expected to protect the employee after they return to work and become more vulnerable to risk of disability, illness or injury etc. This legislation is providing the better quality of services an equal right to their employee (Sarason, Yuthas and Nguyen, 2018). In Marks and Spencer, Human resource manager improve the decision making because they can provide the equal right to employee in case if the people will be injured at workplace. It is important for organization to give the better treatment. In this way, this legislation will impact on the judgement making of business. Health and safety compliances are based on the technical that require to offer the safety to the employee so that Human resource is playing important role to establish link between the employees and management. It also ensure the staff member concerns about the health. Employment Discrimination of 1960 This type of legislation is based on the religion, sex , national origin and colour etc. It makes the illegal for the Marks and Spencer to discriminate and protect the employees as per the conditions and terms or give the privileges of employee in the organization etc. this law was passed by government because there are many ways to increase the discrimination between the employees (Sarason, Yuthas and Nguyen, 2018). Many private sector is not to be considered the employment discrimination because the most constitutes do not expressly give the respective the power of government in the form of civil rights. This type of laws are always impact on the decision of HRM because they are improving their decision to understand the opinion of every employee in the organization. Equal Pay Law of 1993 According to Equal pay law of 1963, it has amended to surpassed by the equality in 2010, the sexual discrimination enforce and despite the gender equality in the organization. This type of situation is directly imposed the working conditions of business. In Marks and Spencer, Human resource manager are deciding to provide equal pay according to the ability and efficiency. It will help the business to increase the productivity and profitability because all employees are coordinated with other members to build a strong relationship (Solomon, 2019). It is directly impacts on the decision of human resource because they are taking important 9
decision on the behalf of business development. In this way, they always maintained and controlled the equal right of employee in the organization. P7. Prepare various required job documents Interview Questions : Q1 Why do you need this Job ? Q2 Did you ever worked on any accounting platforms ? Q3 What you mean by Accountancy and why it is important for the organization ? Q4 What are the recent amendment in accounting standards and policy ? Job Description Person Specification Title of the jobJunior Accountant Date:15/06/2019 10
Qualification requiredEssentialDesirableMet MBA in Finance M.Com in Accountancy SemiQualifiedCA Articles CA Yes Yes Yes Yes Need of Experience 0 to 5 years in the same field Yes Personal characteristics & conduct Communication Skills Policy Making Skills Knowledge Regarding Accounting standards and Accounting policy Yes Yes Yes Rolesand Responsibilities 11
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Prepare Accounts Doing Internal Audit Assist senior accountant in Policy revise Yes Yes Yes Job Offer Letter MARKS AND SPENCER Offer: Junior Accountant Ref: M&S/ CD 870954276521/ United Kingdom Date: 4/06/2019 Mr. Johnson C-3 Keshav Nagar, Malda Street, United Kingdom Tel: 8567492305 Dear Johnson Sub: Letter of offer Thank you for exploring opportunities with Marks and Spencer. You have successfully cleared all the rounds of selection process and we are pleased to make you an offer. This offer is suitable for your profile and based on performance in the selection process. You have been selected for the position of Junior Accountant. Your gross salary including all benefits will be£4000 per annum. As per the terms and condition set out by the company. The gross salary that is mentioned in it is inclusive of the variable allowance that will be effective 12
upon successful completion of the Training programme. Kindly confirm your acceptance of this offer online through' Accept offer letter'. If it is not accepted within 5 days it will be assumed that you will not interested in this job and the offer will be withdrawn. Marks and Spencer M&S/ CD 870954276521 CONCLUSION As per discussion, it concluded that HRM is a terms which describe the formal system that devised for the management of employee within the company, it describe the specific responsibilities to manage the different activities such as staffing, benefits and designing the work, recruitment and training etc. It summarised that the actual purpose of Human resource management within the organization and also describe strength or weakness through the selection and recruitment approach in the HR functions. Moreover, it is evaluating the Human resourcepracticesandtheirspecificbenefitswhichsupporttheenterprisegrowthor development. It is also determined the importance of relationship between workerin the organization to handle the business aspects in growth and development therefore, it is highlights the key factor of employment rules and regulations that affects the decision making of Human resource management. 13
REFERENCES Books and Journals Ahlvik, C., Smale, A. and Sumelius, J., 2016. Aligning corporate transfer intentions and subsidiary HRM practice implementation in multinational corporations.Journal of World Business.51(3). pp.343-355. Bratton, J. and Gold, J., 2017.Human resource management: theory and practice. Palgrave. Brewster, C., Chung, C. and Sparrow, P., 2016.Globalizing human resource management. Routledge. Cascio, W.F., 2015.Managing human resources. McGraw-Hill. DeCenzo, D.A., Robbins, S.P. and Verhulst, S.L., 2016.Fundamentals of Human Resource Management, Binder Ready Version. John Wiley & Sons. Drucker, P.F., 2017.The Theory of the Business (Harvard Business Review Classics). Harvard Business Press. Garavan, T and et. al., 2016. The antecedents of leadership development practices in SMEs: The influence of HRM strategy and practice.International Small Business Journal.34(6).pp.870-890. Morgeson, F.P., Brannick, M.T. and Levine, E.L., 2019.Job and work analysis: Methods, research, and applications for human resource management. Sage Publications. Noe, R.A., and et.al., 2017.Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education. Richards, J. and Sang, K., 2019. Socially ir responsible human resource management? Conceptualising HRM practice and philosophy in relation to in-work poverty in the UK.The International Journal of Human Resource Management, pp.1-28. Ružić, M.D., 2015. Direct and indirect contribution of HRM practice to hotel company performance.International Journal of Hospitality Management.49.pp.56-65. Sarason, Y., Yuthas, K. and Nguyen, L., 2018. Social entrepreneurial ventures in Vietnam: an ideographic lens.Tạp chí Khoa học Đại học Đà Lạt.8(1). pp.83-112. Solomon, R.T., 2019. Strategies for Human Resources Professionals Using Social Networking Websites for Hiring Decisions. Turskis, Z. and et.al.,2019. A Fuzzy Group Decision-making Model for Determining the Most Influential Persons in the Sustainable Prevention of Accidents in the Construction SMEs. International Journal of Computers, Communications & Control.14(1). Zhang, Y and et. al., 2015. When is pay for performance related to employee creativity in the Chinese context? The role of guanxi HRM practice, trust in management, and intrinsic motivation.Journal of Organizational Behavior.36(5).pp.698-719. 14