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Benefits of HRM Practices for Organizational Profitability and Productivity

   

Added on  2023-01-05

16 Pages4933 Words81 Views
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Human resources
management
Benefits of HRM Practices for Organizational Profitability and Productivity_1

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: The purpose and functions of HRM, applicable to workforce planning and resourcing an
organisation:................................................................................................................................1
M1: Asses how functional of HRM can provide talent and skills appropriate to fulfil business
objectives.....................................................................................................................................2
P2: The strengths and weaknesses of different approaches to recruitment and selection:..........3
M2: Evaluate the strengths and weaknesses of different approaches to recruitment and
selection.......................................................................................................................................4
D1: Critically evaluate the strengths and weaknesses of different approaches to recruitment
and selection, supported by specific examples............................................................................4
TASK 2............................................................................................................................................5
P3: The benefits of different HRM practice within the organisation:.........................................5
P4: The effectiveness of different HRM practices in terms of organisation's profitability and
productivity:.................................................................................................................................6
M3: Assess different methods used in HRM practices, providing specific examples to support
evaluation within an organisational context................................................................................6
D2: Critically evaluate HRM practices and application within an organisational context, using
a range of specific examples........................................................................................................7
TASK 3............................................................................................................................................7
P5: The importance of employee relation in respect to influencing HRM decision-making:.....7
P6: The key elements of employment legislation and its impact upon decision-making:...........8
M4: Evaluate the key aspects of employee relations management and employment legislation
that affect HRM decision-making in an organisational context..................................................9
D3: Critically evaluate employee relations and the application of HRM practices that inform
and influence decision-making in an organisational context.......................................................9
Benefits of HRM Practices for Organizational Profitability and Productivity_2

TASK 4............................................................................................................................................9
P7: The application of HRM practices in a work related context with some example:..............9
M5: Provide a rationale for the application of specific HRM practices in a work-related
context........................................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES................................................................................................................................1
Benefits of HRM Practices for Organizational Profitability and Productivity_3

INTRODUCTION
Human resources management is refers to the management of people or employees
within the organisation so that they can help in the organisation for competitive advantage. It is
designed to maximise the employees efficiency in order to completion of objectives. Human
resource ensures that the firm is able to gain success through its employees. It ensures better
quality and productivity in the operations through facilitate and motivate individual. The compan
y which is selected for this report is ASDA. It is retail base firm trading in hyper market and
super market (Onnis, 2019). This was founded in 1949, headquarter situated in Leeds, United
Kingdom. This report covers topic such as purpose or functions of HRM, strengths and weakness
of recruitment and selection, practices of this within an organisation, effectiveness of different
HRM practices for firm's profitability and productivity. Apart from this it also covers importance
of employee retention, key elements of employment legislation and example of HRM practices
in a work related context.
TASK 1
P1: The purpose and functions of HRM, applicable to workforce planning and resourcing an
organisation:
Overview of the firm: The firm Asda was founded in 1960's, it is the one of the British
retailer. The firm serve its customers on various networks such as online services, super centres,
super markets, living stores and depots across the country UK. It has 321 stores across the UK
and more than 1,48,000 colleagues. Human resource team of the firm has some purpose and
function to do in fever of organisation that can achieve its objective (Muindi, 2017).
Mission: Asda wants to become a best value retailer that wants to satisfy customer's
needs always.
Vision: To make goods and services that will affordable to everyone.
Objectives: It wants to become popular for mass public relations for any activity that the
firm does.
Human Resource management
Human resource management is concerned with managing and controlling of people or
employees within the firm so that they can help it to accomplish objectives in efficient and
1
Benefits of HRM Practices for Organizational Profitability and Productivity_4

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