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Human Resources Management HSBC Bank

   

Added on  2020-09-03

15 Pages4957 Words37 Views
Human resourcesmanagement

TABLE OF CONTENT INTRODUCTION.................................................................................................................................2TASK 1.................................................................................................................................................2P1. Explain purpose and function of human resource management...................................................2P2. Explain benefits of internal and external recruitment method can be included in report that you have observed....................................................................................................................................4TASK2..................................................................................................................................................5P3. Describe the usefulness of the different HRM practices in a firm for both employer and HSBC5P4. Explain different effectiveness of human resource management practices..................................6TASK3..................................................................................................................................................7P5 Importance of employees relations...............................................................................................7P6 Employment legislation that create impact on HRM....................................................................9TASK4................................................................................................................................................10P7 Applicants of human resource practices at work related context................................................10CONCLUSION...................................................................................................................................12REFERENCES....................................................................................................................................13

INTRODUCTIONHuman resources management is a important part of the company in order to achieveset goals and objective in given time frame. They manage, recruit, select, trained, appraise ofemployees that help to increase their productivity and profitability in long period of time.Both workers as well as employer gain benefits from this activities at work place. Humanresource manager conducting training program at work place that increase staff member’sskills and knowledge which enhance firm brand image at market place. In this assignmentHSBC bank has select in order to analyse impact of HRM practices on an organisation. It is aBritish international financial and banking service. That is world seventh largest bankaccording to their total asset (Arnaud and Wasieleski, 2014). HSBC established in the year of1866. They operated their business activities around 67 countries with 3900 offices. The netincome US Dollar 11.879 billion in the year of 2017. This report covers human resourcemanagement function and their impact on performance of business unit. It coversemployment legislation, effectiveness of HRM, internal and external recruitment factors andmany more. TASK 1P1. Explain purpose and function of human resource managementHuman resource management is a department in organization which manages all theactivities of humans from procurement to training & retention of employee. Human resourcedepartment is responsible for recruitment, training, compensation, appraisal & employeeturnover. This department focuses on the productivity of employee, high morale &motivation. The planned human action can bring a dramatic change in employee productivity& performance (Bardoel and et. al., 2014). It Apply to workforce planning and resource to anorganization. Strategic Human resource works as a pool between organization & employeeand maximize the works for the mutual benefit. Purpose & function of Human Resourcemanagement:1.Requirement & Selection: The primary function of human resource management isrecruitment and selection. Recruitment is the process of screening the potentialcandidate. 2.Orientation: The next function is to give orientation to employee. Orientation helpsemployee to understand the work culture and environment of organization (Collins,Zhu and Warner, 2012 ).This gives direction to employee that what is expected fromthem. 3.Work culture: As a tree grows in a good environment and produces fruit and floweron the same way an employee grows and become more productive and performanceoriented in a good work culture.

4.Managing employee relation: A healthy employee relation creates a sense ofbelongingness and togetherness. This creates a spirit of trust and team work. It is veryimportant factor that increase employees moral, self confidence, positive attitude andmany more that improve firm profitability in long period of time. 5.Training and development: training helps to adapt the change scenario in market andindustry. Thus, employee becomes confident about their knowledge. They performwith enthusiasm. Human resource manager of HSBC bank has conduction trainingand development program for employees that increase their skills and knowledge inorder to achieve goals and objectives in an effective manner. Through this activitiesfirm are able to increase productivity and profitability. Scope of Strategic human resource management: Personnel Aspect: It manages all the aspect of personnel department. It manages all the activities of humans (Glover and et. al., 2011).Job Description and job design: The job description contains the roles and responsibilities of candidates. It also include task. It describes the nature of job. The major of the task is to collect the information and data of employee.Recruitment & Selection: It is the process of advertising vacancy. However it also involves the process of internal & external recruitment.Welfare aspect: Human resource department is concerned with the welfare aspect of the employee. Industrial relation: The human relation department is concern with the industrial relation. It creates healthy relation in industry. HRM approaches for planning and resource in global organization: In a globalorganization it is very challenging to manage diversified workforce. It is very important tohave balance an in work force as well as maintaining an environment of equality. Everycountry has it own industrial and labor law. To compile with these law it is very important forhuman resource to plan strategically (Guest, 2011). These strategies should align with theinternational human resource management process and regional law of labor and industrialrelation. There should be equality in compensation, appraisal and training plan for employeeof each nation. Beside that all activities should be coordinated towards organizational goal.P2. Explain benefits of internal and external recruitment method can be included in report that you have observed There are various methods of recruiting and selecting Personnel management.

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