Benefits of Human Resource Management - Assignment

Human Resources
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 2............................................................................................................................................1
P 3 Benefits of different human resource management practices to both employer and
employee.....................................................................................................................................1
P 4 Evaluating the effectiveness of the different HRM practices in terms of raising
organizational profit and productivity.........................................................................................3
TASK 3............................................................................................................................................5
P 5 Importance of employee relations in respect to influencing HRM decision-making...........5
P 6 Key elements of employment legislation and the impact it has upon HRM decision-
making.........................................................................................................................................6
TASK 4............................................................................................................................................8
P 7 Application of HRM practices..............................................................................................8
Conclusion.......................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Human resource management is an important part of business operation. It helps in
fulfilling current and future requirement of workforce (Abdullah and Zulkifli, 2015). This report
discuss about benefits of HRM practices to both employee and employer, evaluating the
strategies and policies of human resource management. Managers select employees on the basis
of skills and knowledge they have. They motivate employees to share their ideas opinions with
management. Further, this project discuss about implementation of HRM practices by JP Morgan
situated in Canary Wharf. Firm is located in London and it provides job to majority of
population. It facilitates the global trade between different countries. Top level management draft
policies in order to grow and develop. Human resource management motivate employees to work
together as a team. Workforce relation influence behaviour of employees and create good
working environment. Business organise training and development programs in order to enhance
their performance level. It is important to follow all rules and regulation in order to maintain
sustainability in organisation. Delegation of work will reduce workload and divide task in
different departments to accomplish work on time. End of this project discuss about application
of HRM practices in training a receptionist of hotel.
TASK 2
P 3 Benefits of different human resource management practices to both employer and employee
Human resource management is an important function of organisation. Manager matches
capabilities of employees with job description. It helps in maintaining coordination between
various business functions and objective. Effective planning of work force will increase
productivity and profitability of firm (Bamberger, Meshoulam and Biron, 2014). JP Morgan
situated in Canary wharf has implemented HR strategy in order to accomplish organisational
goals and mission. Some benefits of human resource management are given bellow.
It will help employer in evaluating business policies: JP Morgan plans and policies
according the mission and goals of business. Effective communication helps in delivering right
information and message to employees. It is significant to develop link between efforts of
employees and organisation. Managers continuously evaluate and monitor policy of business. In
order to increase productivity, they replace outdated and ineffective policy with new one. Human
resource management motivate employees, which help in creating positive and good working
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environment (Beare, Caldwell and Millikan, 2018). It plays key role in improving relations
between superiors and subordinates. Top level management monitor performance of employees
and identify area of improvement. Individual draft personal development plans, which will be
beneficial to both employers and employees. Superiors assure that business policy is
implemented in effective manner. Human resource management look after requirement of
employees in order to motivate them.
Employers can keeps the goals and objectives of organisation legal: Top level
management assure that all business activities are carried according to legislation. JP Morgan
follows different rules and regulations related to employee’s salary and insurance. Monitoring all
function of business is a complex and lengthy procedure. Human resource management assure
that strategic plans of businesses are legal. Law is dynamic in nature. It changes continuously
and rapidly, business must be capable of adopting changing rules and regulations.
Employees can develop positive behaviour: HRM practices help in creating favourable
working environment, which is the reason behind successful organisation. Managers reward
employees for their good performance and work (Brierley and Gwilliam, 2017). This will
motivate employees to work effectively towards attainment of organisational goals.
Developing employees: Managers motivate employees to contribute their efforts to
achieve organisational goals and objectives. JP Morgan organise improvement programs to
improve skills of individual. HRM help employees in improving performance by providing with
facility of education and training.
Building flexible workplace for employees and employers: Effective human resource
management help in shifting employees to different demographics of workplace. Organisation
consists of diverse types of employees like, part-time worker, disabled workers etc. HRM
practices will help in forming flexible working environment. Management implement flexibility
in workplace, working environment, work teams, etc. Employees customise their jobs on the
basis of lifestyle and standard.
Motivating employees: Managers motivate employees in order to maximize their
performance. Human resource management heir skilful and talented workforce to manage
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