Human Resources Management - Mark and Spencer Assignment
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Added on 2021-02-20
Human Resources Management - Mark and Spencer Assignment
Added on 2021-02-20
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Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1) Explain aim and role of HRM..........................................................................................1P2) Discuss strengths and weaknesses of various approaches to recruitment and selection..2LO 2.................................................................................................................................................4P3) Various human resource management practices which is beneficial to employer andemployee in an company.......................................................................................................4P4) Various HRM practices carried out by firm in order to raise it's productivity and profits. .5LO 3.................................................................................................................................................6P5) Identify the key elements of employment legislation and the impact it has upon HRMdecision making......................................................................................................................6P6) Employment Legislation followed in an organization and it's impact on HRM decisionmaking....................................................................................................................................7LO 4.................................................................................................................................................7P7) Illustrate the applications of human resource management practices .............................7CONCULSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONHRM is the process of hiring, selecting, grooming, firing and developing staff membersso that they become valuable assets for an organization. It involves training. Firing, hiring andmotivating staff members respectively in order to increase productivity level in the market place.This is important to carry out in an firm because it handles problems related to safety, benefits,compensation etc. so that business operations can functions smoothly in the competitive world.Mark and Spencer is a British multinational retailer store in London, UK.Company gotestablished in the year 1884 by Michael Marks and Thomas Spencer. This report coversfunctions and purpose of HRM as well as focus on advantages and dis-advantages of differentmethods to recruitment and selection. Moreover, several human resource management practicesfor both employer and employees are studied in an firm. It also , throw light on how employeesrelations impacthuman resource management decision making process in the company(Banfield and Royles, 2018). Also, employment legislation are also studies as well as utilizationof human resource management activity in work affiliated are explained deeply. LO 1P1) Explain aim and role of HRMHRM refers to handling staff members by hiring, training, motivating, firing anddeveloping in order to make them assets of the business for longer time duration. It is strategicapproach which aid the business associates to increase competitive advantages in the marketplace.Different role of HRM are as discussed as :Recruitment and selection: The main role of HRM is recruitment and selection.Recruitment refers to an activity carried out in establishing contact among employer andapplicants. Whereas, selection states that it is process of choosing suitable participants out of theshort listed candidates (Shen and Benson, 2016). HRM should hire right candidate for right postso that M&S can meet their set goals on time. By doing so productivity increases at a rapid scalein the competitive world. More over, in context to Marks and Spencer, it is mandatory for HRdepartment to analyse actual demand of work force within firm and accordingly carry outrespective recruitment method in order to choose most deserving participants out of the pool ofapplicants (Baum, 2016).1
Training and Development: Training is the process in which staff members are given anopen opportunity in order to improve their existing competency, information, knowledge andskills according to the job profile. Whereas, Development refers to as overall growth of theemployees. M&S should conduct proper training and development sessions so, that effectiveworkers can be retained for time duration in the firm. By doing so indirectly productivityincreases effectively and efficiently. The well nourished skills and competencies of existing staffcan be used for business growth and success. The purpose of human resource management are discussed as follows: Maintaining effective employees relations: The main purpose of HRM is to maintaineffective employees relations in order to retain effective workers for longer time duration. Bydoing so employees are motivated within and work effectively and efficiently to meet the setgoals on time. M&S should build healthy and transparent relationships with it's workers so thatskilled workers does not switch to some other firm (Bratton and Gold, 2017). Training and development: M&S should conduct training and development sessions sothat existing skills and abilities of employees can be polished. Which can be used for thebetterment of the business in future. When this sessions are conducted it aid to raise productivitylevel which indirectly helps to attain huge profits in the market. Planning: Planning is also plays a vital role as functions of human resource management.If M&S frame out effective planning then outcome will be positive in the cut throat competitiveworld. Whereas, if inappropriate planning is designed then it leads to negative results whichindirectly hampers market value of the company. Organizing: M&S should manage all the activities in effective manner so that conflictsdoes not occur at working premises. When things are organized in systematic manner thenproductivity level increases as ell as profitability ratio. It also a mandatory part of functions ofhuman resource management. Development: To be successful in the cut throat competitive world development shouldbe there on continuous basis. M&S carries out research and development work so that they cansurvive in the dynamic environment. P2) Discuss strengths and weaknesses of various approaches to recruitment and selection.Recruitment is the activity of searching out participants for the vacant post andstimulating them to apply for the vacancy in an organization (Taylor and McGraw, 2015).2
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