Benefits of HRM Practices for Employers and Employees

Human resource
management

Contents
Introduction......................................................................................................................................1
P1 Explicate purpose along with functions of HRM which can be applied for workforce
planning as well as resourcing of firm.........................................................................................1
P2 Explicate strengths & weaknesses of distinct approaches which can be utilised for selection
and recruitment............................................................................................................................3
P3 Explicate benefits of distinct HRM practices in firm for employer as well as employee......5
P4 Evaluation of effectiveness of diverse HRM practices in organisational profit as well as
productivity..................................................................................................................................6
P5 Analysis of significance of employee relations for creation of impact on HRM decision-
making.........................................................................................................................................7
P6 Identification of key elements associated with employment legislation along with their
impact on formulation of decision-making..................................................................................8
P7 Illustration of applications of human resource management practices..................................9
Conclusion.....................................................................................................................................11
References......................................................................................................................................11

Introduction
Human resource management is process associated with recruitment, selection which
involves rendering of employees that furnish orientation, deliver training & development along
with appraising of employees performance. HRM denotes process for management of workforce
in an organisation where there development as well as management of employees will be carried
out. Basically, it denotes process for making effective as well as efficient utilisation of human
resources through which formulated goals can be attained. This report is based on
GlaxoSmithKline (GSK) Plc is multinational pharmaceutical firm which is headquartered in
London and was founded on December, 2000 as well as deliver their services worldwide. This
report comprises of purpose along with functions of human resource and strengths along with
weaknesses of diverse approaches. Furthermore, benefits which can be attained by employer and
employees will be furnished as well as effectualness of distinct HRM practices. Moreover,
significance of key elements associated with employment legislation will be illustrated along
with different examples of HRM practices.
P1 Explicate purpose along with functions of HRM which can be applied for workforce planning
as well as resourcing of firm.
HRM is considered as an imperative part of firm which involves multiple purposes as
well as functions which aids firm within rendering their functions in an effectual manner. Human
resource functions are linked with processes of appointing, sacking along with recounting as well
as determining suitable candidate as per requirements of firm. This is the formal system which is
being utilised by GSK Plc for management of their human resources in their working
environment. The systematic identification as well as analysis of what is being carried out within
firm in context of size, type as well as quality of employees for attachment of their objectives is
defined as workforce planning. The primary activities which have to be carried out by human
resource manager comprises of hiring, employee's benefits & compensation along with defining
as well as designing of work (Adekiya and Ibrahim, 2016). The different aspects associated with
this are illustrated below:
Purpose of Human Resource Management
HRM denotes effective process which is liable for facilitating development of work
which is being carried out by employees and comprises of their skills, knowledge and experience
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that is acquired while delivering their services within GSK Plc. This also assists employees as
well as employers for working mutually by which performance can be enhanced as well as
organisational objectives and goals can be attained on time as in well as in impelling manner.
Internal employee’s engagement: HRM works for amplifying effectiveness of
performance of employees for improvising working criteria in context of its quality. The
management of GSK Plc is liable for executing obligatory policies for employees so that they
can be developed as well as can render their services as per expectation of tasks which are being
carried out by them.
Cultural sensitivity: Human resource manager of firm is liable for upholding cultural
awareness within the organisation as per their working structure and style to ensure that their
operations re aligned. This enables employees of GSK Plc to respond within efficacious way in
working premises. For this, manager carry out impelling session along with appropriate get
together so that employees can be comfortable and render their tasks without any kind of
exertion (Sal and Raja, 2016).
Functions of Human Resource Management
HRM plays critical role in firm as their functions are applied within processes associated
with hiring, recruiting, selecting, acquiring, developing, maintaining along with delivering
compensation and remuneration to employees.
Recruiting and selection: They are critical functions which are being carried out by
HRM in each organisation as per their requirements. This aids management of GSK Plc within
screening as well as selecting well qualified candidates for peculiar job profile which will enable
them within preservation of organisational goals as well as objectives.
Managing employee’s relation: Employees acts as major pillar for attaining success of
firm. For this, management of employee's relations in an firm acts as insistent activity for human
resource management. The manager of GSK Plc is liable for managing relationship among them
in an effective way for trimming down disputes and misunderstanding among different human
resources who are delivering their (Paillé and et. al., 2014).
Soft HRM
The human resource management approach which comprises of treating employees like
crucial assets of firm is referred to as soft HRM. This is liable for viewing their employees like a
critical resources who acts as key for attainment of their long term strategies. Within, GSK Plc
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