Introduction to Strategic Human Resource Management

Human Resource
Management Part 1 -
Report
Student Name: H. A. Lakmin Mewan Perera
Student ID: 21/INT.DIP/CH28/0030

Executive Summary
Employees are the main internal party to carry out the business operation in order to achieve its
vision, mission, and objectives in an organization. The human resource (HR) department has
the responsibility to optimize and organize employees’ effectiveness to their performance. In the
absence of a better HR unit, the organization cannot go for its goals due to a lack of
management to bring their employees to the relevant tasks of their operational cycle. Availability
of an effective HR department can improve their all-other sections in the organization by utilizing
HR functions such as recruitment, training, and development, performance evaluation, and
appraisals, HR policies such as employees inter complaining and communication system, and
working culture. Therefore, we can foresee HR department is a vital section in an organization
for their better performance on operations.
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Contents
Executive Summary..................................................................................................................... 1
List of Abbreviations.................................................................................................................... 3
List of Figures.............................................................................................................................. 3
1.0 Introduction............................................................................................................................ 4
2.0 Introduction of HR Department of Union Bank of Colombo PLC and its functions in relation
to workforce planning and resourcing..........................................................................................5
2.1 Vision of Union Bank of Colombo PLC...............................................................................5
2.2 Mission of Union Bank of Colombo PLC.............................................................................5
2.3 HR Planning....................................................................................................................... 5
2.4 Recruitment and Selection.................................................................................................6
2.5 Training and Development.................................................................................................6
2.6 Performance Appraisal.......................................................................................................6
2.7 Benefits and Compensation...............................................................................................7
3.0 Effective Implementation of the HR Management Functions helps the organization to fulfill
its business objectives.................................................................................................................8
4.0 Strengths and Weaknesses on Recruitment and Selection...................................................9
4.1 Recruitment Process..........................................................................................................9
4.2 Selection Process.............................................................................................................. 9
5.0 Effectiveness of overall HRM practices and application in terms of raising organizational
profit and productivity................................................................................................................. 10
Conclusion................................................................................................................................. 11
References................................................................................................................................ 12
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List of Abbreviations
HR Human Resource
SHRM Strategic Human Resource Management
UB Union Bank of Colombo PLC
List of Figures
Figure 01 Logo of Union Bank of Colombo PLC
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