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Human Resources Management of Canary Wharf

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Added on  2020-07-23

Human Resources Management of Canary Wharf

   Added on 2020-07-23

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Human Resources Management of Canary Wharf_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and function of HRM applicable to workforce planning.........................................1P2 Strength and weakness of different approaches to recruitment and selection.......................3TASK 2............................................................................................................................................4P3 Benefits of HRM practices for employees and employer......................................................4P4 Effectiveness of HRM practices in raising profit and productivity.......................................5TASK 3............................................................................................................................................6P5 Importance of employee relations and its influence on decision making process.................6P6 Key elements of employee legislation and its impact on decision making process..............7TASK 4............................................................................................................................................8P7 Application of HRM practices in work related context.........................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONHuman resource management is a term which shows management of a employees andemployer at workplace by enhancing their performance. It is primarily concerned withdevelopment of people within organization. This report is classified into different tasks byexplaining roles and responsibility of human resource at workplace. Canary wharf is a leadingorganization district in London expanded across national borders which consist of a major banks,professional services as well as media enterprises for example Barclays, citigroup, Infosys etc.Therefore this assignment highlighted appropriate method of recruitment and selection processof a chosen organization (Bratton, 2012). Apart from this, report also throw lights on variousHRM practices and its impact on decision making process due to their eminent role played insuccess of a company. Instead of this, it also explains importance of a employee relations as wellas various laws, norms, rules and regulations which is enacted by governing bodies for protectingemployees from exploitation. TASK 1P1 Purpose and function of HRM applicable to workforce planningPersonnel resource plays a very vital role in managing and controlling other resourcesavailable in canary wharf due to its roles and responsibility towards development of a company.Therefore HRM consist of various purposes which is stated as follows :- Appropriate utilisation of resources:- One of a main purpose is to allocate all theresources in a proper manner for example arrangement of a raw materials for conversinginput into output. Recruitment :- Secondly they are responsible for selecting best candidates from outerworld by implementing effective method of recruitment. Employee relations :- Sometime HR department need to create a healthy and friendlyconnection between higher and lower authority. Management of workers:- Employees are one of a indispensable part because of that HRdepartment of canary wharf need to manage and control all the labours working at aworkplace (Gold, 2012). Act as adviser:- According to this purpose they also suggest best path to employees andcandidates or motivate also towards their personal and professional goals. 1
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