Functions and Benefits of HRM in Mont Rose College
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This report discusses the purpose and functions of HRM, different approaches to recruitment and selection, benefits of HRM practices, and HRM practices for raising company profits in Mont Rose College.
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Human Resource Management
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 LO1..................................................................................................................................................1 P1 Purpose and functions of HRM..............................................................................................1 P2 Different approaches to recruitment and selection.................................................................2 LO2..................................................................................................................................................3 P3 HRM practices benefits..........................................................................................................3 P4 HRM practices for raising company profits...........................................................................4 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION HRM is the strategic approach for recruitment andselection as well as, imparting training and development, motivating employees, maintaining good relations with employees, trade unions etc. in such a way that help business in gaining competitive advantage. It is the formal system which is meant for appropriate utilization of current employees as well as effective use of existing workforce. For this report, Mont Rose College is taken which offers research, public and teaching service in the context of general education, continuing education and also focuses on the student development located in England. This report covers the functions and purpose of HRM, strength and limitations related to different strategies of selection and recruitment, advantages of different elements of HRM practices for employee and employer. This report also discusses about the effectiveness of various human resources practices for raising organisational productivity and profits. LO1 P1 Purpose and functions of HRM It is the mission of HRM to keep employees coordinated within a company in order to achieve specific organizational goals by fulfilling staffing needs and maintaining employee satisfaction. Some important function and purpose of HRM is stated below. Strategic HR planning:HR planning can be referred as a procedure to identify number and type of employees that are needed to achieving organizational goals. It ensures that organization has adequate number of qualified people performing jobs, which meets the organizational objectives and provide satisfaction to the employees (Cunningham, 2016). Research is the important part of it. Mont Rose College uses research to collect and analyse the information to forecast and predict human resource needs. Staffing:It refers to the selection and recruitment of the human resources for the organization. It is the main purpose of HRM to select proper workforce to fulfil the employment needs (Chambel, Castanheira and Sobral, 2016). At Mont Rose College, HR recruiter plays a crucial role in ensuring that it is hiring the best talent based on organizations plans and objectives. Training and Development:After staffing, selected employees are provided with training that is required for the relevant job. These programs are organized by HRM for developing competence and develop skills for improving performance within organisation (Human Resource Management (HRM): Definition & Functions. 2019). HR not only takes care of new employees 1
but also existing employees by providing them training as and when required to improve skills. It also provides development opportunities to its employees so that employees can excel in other field or skills (Carvalho and Machado, 2016). Mont Rose College is working the same with its employees by providing them opportunity to enhance the knowledge by conducting seminars, conference or workshops on specific topic. Orientation:It is the responsibility of the management to help new employees to make them familiarandadjustwiththenewcompanyandjob.Inemployeeorientationprogram, organizations mission, vision and objectives should be properly stated and the way through which it can achieve its long term and short term goals. Mont Rose College provides proper orientation to its new employees by providing them opportunity to interact with the existing staff and adjust themselves with the surrounding. Motivation:It is an important function of HRM department. After recruiting it is important to motivatetheemployeeswhichhelpsinreducingtheemployeeturnoverandincreases productivity. Mont Rose College motivates its staff by providing them rewards, promotions, increment,flexibleworkhoursetc.whichmakesthemsatisfiedandenhanceemployee experience. P2 Different approaches to recruitment and selection Recruitment is a process of inviting application for the job by creating pool of applicants and identifying the one who fit the role requirements. Recruitment is of two types which are explained in detail below with its strength and weaknesses. Internal Recruitment:It is mainly done through promotion or transferring employees to other places. In this organization allows its existing employees to fill the vacancy by switching from temporary to permanent job type. Strength:It can prove cost effective and can boost morale of employees and also helps in retention employees (Cascio, 2015). Employees also sense motivated towards working hard and improve the performance. Weaknesses:It may miss out fresh ideas that external candidates can bring, limits the potential candidates. External Recruitment:In this strategy company can hire pool of applicants to fill and perform the existing job vacancy outside the organisation. 2
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Strength:Automated recruitment system can prove timer saver and money saver for the company. Weaknesses:It can prove to be somewhat expensive as well as time-consuming process, requires training selected employees, , subscribe to job boards, pay for background check (Picincu Andra, 2018). Automated system may lose out the potential candidate who would be the perfect fit for the job. Selection:Selection process differs from one organization to another. But generally, it is done through tests and face to face interview. Like above, it also has pros and cons which are stated below. Strength:It helps in measuring applicant’s presentation as well as its verbal skills, can be cost effective,testsaremorereliableandhelpsineliminatebias,canassesscandidatesjob knowledge, interviewer can obtain other important information. Weaknesses:Individuals can manipulate and may not be honest in answering questions, results may be subjective to manual grading, not more reliable than tests and no valid evidence of selection process. LO2 P3 HRM practices benefits HRM involves managing and coordinating with the workforce through HRM practices so that employees feels satisfied and work hard to improve the performance. Effective HRM practices will benefit both employer and employee. Some important benefits of HRM practices are stated below. Provides flexibility:Nowadays, HRM practices reflects demographic shift, workers are more diverse with older workers with disability as well as part-time workers which denotes employers flexibility (Becker, Brandt and Eggeling, 2015). If organization wants to retain its employees, it needstoprovideflexibleworkplaceintermsoftime,workteams,locationandwork environment. Mont Rose College tries to provide flexibility to its employees to retain its top talent and skilled workers. This will improve the employee job satisfaction and experience which benefits to both employer and employees. Motivates workers:Human resource managers plans, monitors and review the performance of itsemployeesandtheoverallemployeecontributionintheorganization.Basedonthe performance, employees are rewarded which can be in the form of monetary such as promotion, 3
incentive, increment etc. and non-monetary rewards like appreciating publicly, flexible work hours, opportunity for new learnings etc. which motivates employees to work hard, improve performance and reduce employee turnover. Mont Rose College motivates its employees through monetary rewards including other forms of motivation such as flexible hours, promotion etc. It helps in retaining the employees for a longer period which increases employees experience level and excel in its daily task. Resolves Conflict:Another benefit of human resource management is to manage and resolve conflicts among employer and employees which may happen in an organization (Englmaier and Schüßler,2015). Human resource managers clearly states the organizations rules, regulations and framework to all its employees to avoid any conflict between them and if any arises timely action can be taken following the guidelines. In Mont Rose College, proper guidelines have been stated in order to resolve any issue that may arise and tries to mediate the conflict before it goes out of hand. Training and Development:The human resource department conducts needs assessment test for its existing employees in order to determine the type of skills are required and provides training which are required to improve the performance or hire the professional for the same. Every start-up or a company in growth phase can be benefited from this. Mont Rose College provides training to upgrade its employees skills which in turn helps in satisfying and retaining its talented workforce. P4 HRM practices for raising company profits The effective HR management focusses to maintain a respectable relationship with its workforce. This relationship is very crucial for an organization for its survival, growth and productivity. Some effective human resource practices are described below. Reduce employee turnover:Employee turnover rate affects the functioning of an organization so in this case it is duty of the HR department to implement the practices that can help in reducing the employee turnover because increasing rate of employee turnover, increases the cost of the HR department for recruiting, selecting and training the new employees (Kadiresan, and et.al, 2015). This hampers the organizational performance and productivity.Mont Rose College is trying hard to reduce its employee turnover by implementing the practices that will help in retaining its employees. Thus, human resource management can help in increasing profits and productivity of an organization by reducing its employee turnover rate. 4
Flexibility in workplace:Providing flexibility in the workplace will improve the performance of the employees as employees can feel belonging with the organization and make a balance between the personal and professional lives. If employee leaves the Mont Rose College, it will lose its experienced, talented and skilled employee which will affect the productivity of the college. For this reason, Mont Rose College provides its employees with flexibility to satisfy and improve the employee performance. This satisfaction increases the profits for the college or organization. Coordinating employer and employee relation:It is the vital function HRM which is to preserve a good employee relation. It is essential to develop, revise and implement HR strategies as well as measures and communicating the same to both managers and employees understand what is expected (Sitzmann, and Weinhardt, 2019). In Mont Rose College, proper coordination is maintained and relation is maintained among its employees and employer to avoid conflict and work with harmony. This factor also help in improving the performance, productivity as well as profitability of the organization. Training and development:Many organizations provides training to its employees from time to time with respect to change and requirement. It not only provides training to its new employees but also to its existing one's in order to retain its employees. Another reason is, it tries to motivateitsworkforcebymakingemployeesrealizetheirimportance.Thisboostthe performance and productivity of the employees. Organization invests huge amount in training and development of its employees with the expectation that employees will work for the organization in achieving its objectives. Mont Rose College takes care of its employees by caring out training and development sessions, seminars, conference, workshops etc. which increases the profitability and productivity of the employees. CONCLUSION Present report concludes that HRM plays a crucial role in a workplace. It has multiple functions and benefits associated with it which is beneficial to both employer and employee and proper management of it enhances the productivity and performance of company. 5
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REFERENCES Books and Journals Becker, W., Brandt, B. and Eggeling, H., 2015. Determining Outcomes of HRM Practices. InHuman Resource Management Practices(pp. 223-235). Springer, Cham. Carvalho,S.andMachado,C.,2016.Electronichumanresourcemanagementin SMEs.Technological Challenges and Management: Matching Human and Business Needs.2. p.79. Cascio, W. F., 2015.Managing human resources. McGraw-Hill. Chambel, M. J., Castanheira, F. and Sobral, F., 2016. Temporary agency versus permanent workers: A multigroup analysis of human resource management, work engagement and organizational commitment.Economic and Industrial Democracy.37(4). pp.665-689. Cunningham, J. B., 2016.Strategic human resource managementin the publicarena: A managerial perspective. Macmillan International Higher Education. Englmaier, F. and Schüßler, K., 2015. Complementarities of HRM Practices. Sitzmann, T. and Weinhardt, J. M., 2019. Approaching evaluation from a multilevel perspective: A comprehensive analysis of the indicators of training effectiveness.Human Resource Management Review.29(2), pp.253-269. Kadiresan, V., and et.al, 2015. Performance appraisal and training and development of human resource management practices (HRM) on organizational commitment and turnover intention.Asian Social Science.11(24). p.162. Online Human Resource Management (HRM): Definition & Functions. 2019. [Online]. Available through : <https://studiousguy.com/human-resource-management/>. Picincu Andra, 2018. Advantages and Disadvantages of Selection and Recruitment. [Online]. Availablethrough:<https://bizfluent.com/info-8518707-advantages-disadvantages- selection-recruitment.html>. 6