Managing Human Capital & Leadership INTRODUCTION 3 TASK 13 HRM Models and Approach of Company to the Management of Human Resources

Managing Human Capital
&
Leadership

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
HRM Models and approach of company to the management of human resources.....................3
TASK 2............................................................................................................................................4
Critical discussion of organisation HR functions........................................................................4
TASK 3............................................................................................................................................9
HRM Software programs and their benefits................................................................................9
TASK 4..........................................................................................................................................11
Characteristics of effective leaders............................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Management is the set of principles relating to the functions of planning, organizing,
directing and controlling within organisation. It is often means the development and
manipulation of financial resources, human resources, natural resources and technical resources.
Human resource management is the key resources of the organisation (Leroy and et.al., 2018). It
is the strategic approach to the effective management of people in the company so that they
could aid to gain competitive advantages. Leadership is another key aspect of the organisation as
it is the action of leading group of people or an organisation. Management within organisation
used to manage human capital and leadership in a strategic way.
In this present report, PAMA supermarket is being chosen for assessment. It is one of the
most popular supermarket in Malta. It has become a shopping village and it has become
landmark in central Malta. There are more than 30 outlets in PAMA supermarket with 500 sqm
of area (About PAMA Supermarket, 2019). This present report will discuss the HRM models and
approaches to manage the human resources within organisation. Furthermore, it also discusses
the various HR functions in relation to strategic human resource initiatives and number of HR
software programmes that is beneficial for the company. At last, it will discuss the characteristics
of effective leadership within organisation.
TASK 1
HRM Models and approach of company to the management of human resources
Human resource is the crucial part within the whole organization and it needs to be
managed properly and efficiently. For managing the human capital or the manpower of the
company the company uses many model. A human resource management model is a framework
or tool which is used in managing the human resource and all the related aspects to the human
resource (Lapiņa, Maurāne and Stariņeca, 2014). Every individual is different in thinking and
perceiving the different situations. Even two person perceives the same situation in different
ways. So management of the human resource is of very much importance. For this the company
uses various kinds of models. These different types of models for managing the human resources
used by PAMA supermarkets are as follows-
The Standard Casual Model of HRM- this is a type of model which starts with the overall
strategy of the business and by following the whole HR process ends to improved financial
performance. This model proposes that HR activities must be aligned with the strategy of the

company which works in the direction of improving performance of the company and achieving
overall objective of the firm (Paauwe and Boon, 2018). This model follows a complete process
through which the end results that is the accomplishment of the objective is achieved. It starts wit
formulating strategy, then making HR strategy and then applying those strategy in order to
increase the financial performance of the company.
HR Value Chain- this model is developed by Paauwe and Richardson in the year 1997. This
model suggest that everything which is done in the HRM can be divided into two groups or
categories which are human resource management activities and the human resource
management outcomes.
The HRM activities includes all the day- to- day activities which the HR department
performs. These involves activities such as recruitment, training, development, performance
appraisal, selection, compensation, grievance handling and many other similar activities. On the
contrary the HRM outcomes are defined as the end results in whose direction the work or the
HRM activities are conducted or carried. These are the final result that is the goal or the
objective which the company intends to achieve or accomplish (Arshad, Azhar and Khawaja,
2014). For example the employees recruitment is an activity but it is conducted with the aim to
achieve the objective of keeping all the vacancies of the company filled. The HRM outcomes
involves motivation of employees, earning profits, increasing sales, maintaining employee
satisfaction, and many more other goals and the objectives.
The model used by the PAMA supermarket for managing the employees is standard
casual model. This is because of the reason that this model ensures that all the organizational as
well as the personal goals of the team members or the individuals are accomplished and
achieved.
TASK 2
Critical discussion of organisation HR functions.
Human resource department is one of the most important department within organization.
Organisations either big or small needs effective human resource management within
organisation as it allows strategic decisions for the company (Noe and et.al., 2017). Human
resource could help in business good team of working professionals in order to achieve the desire
goals and objectives of the company. The main purpose of human resource management is to