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Human Resources Management Assignment - HSBC

   

Added on  2020-10-04

19 Pages5172 Words31 Views
Human ResourcesManagement

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1 HRM function and purpose...............................................................................................3P2 Approaches of recruitment and selection and its strength and weakness ........................6TASK 2............................................................................................................................................7P3 HRM practices benefits for employer and employee........................................................7P4 HRM practices effectiveness in terms of increasing profit and productivity of organization................................................................................................................................................9TASK 3..........................................................................................................................................11P5 Values of employee relations in determinant decision making.......................................11P6 Key elements of employment legislations and its impact on decision making...............12TASK 4..........................................................................................................................................13P7 Application of various HRM practices in an organization..............................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16

INTRODUCTIONWorkers are the important part of every business organization which helps in enhancingtheir productivity level. In this, manager also play vital role in bring off their performance levelat workplace by providing them better direction. This will helps firm to attain its set goals andobjectives in appropriate manner. The main benefit of human resource management is to enhanceefficiency level of the workers so that they effectively perform their task and attain competitiveadvantages (Daley, 2012). Current project discussed about HSBC, which is a Britishinternational bank which offer effective financial services to its customers as per their demand.Various functions and purpose of HRM is discussed in this project. Along with this, differentrecruitment methods and its strength and weaknesses is also mentioned in this assignment. Inaddition of this, important elements of employment relation is also included which helps inmaintaining better relation at workplace. Furthermore, various HRM practices also helps indecision making process of the company in most effective manner. TASK 1P1 HRM function and purposeHRM is an effective term of recruiting, selecting and monitoring of workers which leadsin improving their performance level. It is essential part for every business to manager entireworkers at workplace which leads in attaining better results in appropriate manner. By this,company enhance their profitability level at market place by providing quality services to itscustomers. Therefore , it is also necessary for manager to treat all the employees equally whichwill assist them to enhancing their productivity level (Flamholtz, 2012). By this managers caneasily retain workers for long period of time. Basically, the concept of HRM contribute inestablishing positive work environment in which workers get motivated and improve theirperformance level. For attaining competitive advantages, manager have to recruit right people forcorrect position at right time. It helps in motivating as well as encouraging workers towards itswork and task so that they perform effectively. Furthermore, purpose of HRM concept also helpsin making effective recruitment activities which contribute in improving their overallperformance level. Along with this there are some nature and scope of HRM are as follows:Nature:4

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