Human Resources Management

Human Resources Management

Contents
INTRODUCTION...........................................................................................................................................4
MAIN BODY..............................................................................................................................................5
TASK 1..........................................................................................................................................................5
P1 Explain the purpose and the functions of HRM, applicable to workforce planning and resourcing an
organisation.............................................................................................................................................5
P2 Explain the strengths and weaknesses of different approaches to recruitment and selection..........6
TASK 3..........................................................................................................................................................9
P3 Explain the benefits of different HRM practices within an organisation for both the employer and
employee.................................................................................................................................................9
P4 Evaluate the effectiveness of different HRM practices in terms of raising organisational profit and
Productivity...........................................................................................................................................10
TASK 3........................................................................................................................................................11
P5 Analyze the importance of employee relations in respect to influencing HRM decision- making....11
P6 Identify the key elements of employment legislation and the impact it has upon HRM decision-
making...................................................................................................................................................13
TASK 4........................................................................................................................................................14
P7 Application of HRM practices...........................................................................................................14

Conclusion.................................................................................................................................................16
REFERENCES..........................................................................................................................................18

INTRODUCTION
Human resource is a very important part of organisation which is crucial for increasing the
capability and potential for organisation in order to perform business activities. It is crucial for
company to conduct business enhance human resources activities and increase performance and
productivity of organisation (Ferraris, Erhardt and Bresciani, 2019). Human resource will assist
in improvement in organisational task as well as accomplishment of set objectives. This report
is based on LV= company. This is one of the largest friendly society of UK which is owned by
its members. This organisation was developed in 1843 and its product range includes financial
services such as insurance, life insurance, investment products and pension. This report will
include different function and purpose of HRM along with the advantages and disadvantages of
recruitment and selection approaches. In this different roles of HRM practices in context of
employees and employer is determined as well as different HRM practices for organisational
profits are analysed. Apart from this importance of employee relationship for HRM decision
making is determined along with different legislations.
MAIN BODY
TASK 1
P1 Explain the purpose and the functions of HRM, applicable to workforce
planning and resourcing an organisation.
Human resource management can be describe a the essential process of company which
assist in smooth flow of organisation and management different resources of company. It is
responsibility of LV= company human resource manager to correctly perform different function
and activities of business. This will lead to increase the productivity of employees and
performance of company.
Purpose of HRM
Human resource management of LV= company is developed for full filling different
purpose such as –