Managing People: HRM Policies and Strategies at Marks and Spencer
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This presentation discusses the significance of HRM policies and strategies in managing people at Marks and Spencer. It explores the impact of these policies on recruitment, selection, and employee retention.
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MANAGING PEOPLE
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INTRODUCTION Managing people refers to management of the human resource in an organization. By providing support and direction to the employees one can efficiently manage the business activities. For doing management of people it is crucial to use HRM practices. The Project report is based on Marks and Spencer. This firm is engaged in the business of selling high quality products that includes home, clothing and food. The company is established in the year 1884. Its founder is Thomas Spencer and Michael Marks. The study will example why contemporary organization needs progressive and robust HRM polices. Furthermore, it will explain HR planning in recruitment and selection process.The company is established in the year 1884. Its founder is Thomas Spencer and Michael Marks. The study will example why contemporary organization needs progressive and robust HRM polices. Furthermore, it will explain HR planning in recruitment and selection process.
Contemporary Organization needs progressive and robust HRM polices HRM polices helps to drive Marks and Spencer business towards success. The company has developed various HRM polices for their employees in order to increase their motivation in the organization. First policy is of compensation and benefits. This policy includes reward system for the employees. If employees outperformed in the organization than they are facililated various benefits such as bonuses and salary increment. Through this employee's morale get increased in the organization, and they are able to work with their full potential. Thus, overall productivity of the organization get increased.
Continued The HR managers of Marks and Spencer ensures that there are some polices regards the sick leave and personal leave in the organization so that employees get benefited from them. Equal employment opportunity is being served to each employee as per the organizational polices of the Marks and Spencer. Thus, through this the employee's satisfaction get increased in the organization.
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Continued Recruitment and Hiring polices is being described in which every candidate which comes in the interviewer round are treated fairly and is being chosen as per their capabilities. Fair judgement is being given to each candidate. Its termination polices includes notice of 7 weeks before giving any employee termination. Marks and Spencer has prescribed criteria for the Safety polices. In this policy employees health and safety needs get fulfilled. HR manager of the Marks and Spencer ensures that there is adequate water supply at the workplace. Proper canteen facility is being given to employees to cope up with their health concerns. First aid facility is being given to the employees in case if any employee get injured or get harmed while working in the organization. Thus, through this firm is able to retain its employees.
Continued Disciplinary policy includes to maintain overall decorum of the Marks and Spencer. Any kind of irrelevant activity will not be tolerated in the organization. In case if any employee do unauthorized activity at the workplace, then they get terminated from the organization. The employees are also facilitated with the flexible working conditions. The employees can also work from their homes in case if they are sick and unable to come at office. Fair remuneration is being given to the employees. Any kind of discrimination is prohibited at the workplace.
HRM strategy and its impact on planning, recruitment and selection For managing the various resources of the organisation HR department plays an important role. Along with the selection of the appropriate candidate for the job the HRM strategies also emphasis on improving work culture. In order to achieve the long term success goals it is necessary for M&S to formulate well defined HRM policies.
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Continued During recruitment and selection process the authorities assure that fair criteria is used to select the candidate so that desired outputs can be achieved. It has been also observed that for sustaining the quality of services HR department of M&S implement several strategies. For instance the lack of motivation and effective work culture can be one of the reason for poor employee retention. Thus, M&S can make improvements in its HRM policies so that attractive motivation in terms of work flexibility, good incentives or appraisal can encourage individuals to work with excellence. Contrary to this when HRM strategies are not flexible and does not consider the interest of employees then it can be challenging for the organisation to ensure the good quality work productivity from the employees.
Continued In addition to this for regular monitoring of work performance and organisational culture also HRM strategies must emphasis on planning suitable methods. For instance the HRM strategies can help organisation to plan the resource availability so that operational cost can be optimised. The staff members of company are also required to instructed to follow a standard behaviour and resource utilisation so that quality benchmarks can be achieved. HRM strategies have great impact upon the employee retention and their performance within company.
Factors influencing HRM functions The functions of HRM are influenced by both external and internal factors. In order to assist organisation in competitive market HRM aims at adopting recruitment policies which assure the quality services. For instance the technological advancements, shift to online stores and globalised work culture of M&S has lead to several changes in the HRM policies like data privacy and skills preferred for the selection process. Various aspects such as resource planning, employee selection, wages and work regulations are managed by HR department of the organisation on the basis of political and technological factors as well as interest of stakeholders.
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CONCLUSION It can be concluded from the above discussion that human resource management and policies are highly essential and significant for the organisation. The organisation must follow the suitable HRM policies so that they can retain the most talented human resources and can gain competitive advantage. It has been also analysed that lack of suitable techniques to manage human resources can have adverse impact on the performance of organisation thus it must managed and improved continuously.
REFERENCES Garavan, T. and et.al., 2016. The antecedents of leadership development practices in SMEs: The influence of HRM strategy and practice.International Small Business Journal.34(6). pp.870-890. Rathi, N. and Lee, K., 2015. Retaining talent by enhancing organizational prestige: An HRM strategy for employees working in the retail sector.Personnel Review.44(4). pp.454-469. Noe, R.A. and et.al., 2017.Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education. Abdul‐Halim, H. and et.al., 2016. The pursuit of HR outsourcing in an emerging economy: The effects of HRM strategy on HR labour costs.Canadian Journal of Administrative Sciences/Revue Canadienne des Sciences de l'Administration.33(2). pp.153-168. Brewster, C., 2017. The integration of human resource management and corporate strategy. InPolicy and practice in European human resource management(pp. 22- 35). Routledge.
Continued Bratton, J. and Gold, J., 2017.Human resource management: theory and practice. Palgrave. Noe, R.A., Hollenbeck, J.R., Gerhart, B. and Wright, P.M., 2015. Human resources management.Instructor,2015. John, R. and Taylor, B., 2016. Human resource management. Wehrmeyer, W., 2017.Greening people: Human resources and environmental management. Routledge. Wiegmann, D.A. and Shappell, S.A., 2017.A human error approach to aviation accident analysis: The human factors analysis and classification system. Routledge.
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