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P1 Purpose And Functions of HRM (Assignment)

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Added on  2020-11-23

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HUMAN RESOURCEMANAGEMENT
P1 Purpose And Functions of HRM (Assignment)_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Purpose and functions of HRM and its role in workforce planning......................................1P2 Strengths and weaknesses of various approaches for recruitment and selection...................2TASK 2............................................................................................................................................5P3 Benefits of different HRM practices for the employer as well as employees........................5P4 Effectiveness of HRM Practices............................................................................................6TASK 3............................................................................................................................................7P5 Importance of workers relations to influence HRM decision-making...................................7P6 Key element of employee's legislation and its impact on decision making process of HRM.....................................................................................................................................................8TASK 4............................................................................................................................................9P7 Application of HRM practices...............................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONHuman resource management is the most important function of an enterprise whichconcerns mainly on hiring, planning and designing workplace. HR managers in an industry usedto provide proper direction and guidelines to workers so that they can work as per requirement ofbusiness. In addition to this, major task of them in an industry is to manage workplace andprovide all type of benefits to employees through which retention of them can be gained forlonger period of time (Knowles, Holton and Swanson, 2014). In this process, a report has beenprepared which focuses on importance of HRM and its policies in an enterprise. It has madevarious discussion on purpose and functions of HR managers in workforce planning, importanceof employee engagement, effectiveness of practices and more. TASK 1P1 Purpose and functions of HRM and its role in workforce planningWorkforce planning defines a procedure of designing, organising, acquiring andsustaining people in an enterprise. This process is done by human resource management of acompany in which managers play an effective role in recruiting and selecting employees. Inaddition to this, for getting high commitment and contribution of these persons in achievement ofbusiness success, managers provide them essential training, compensation, rewards and more.Planning workforce also states a continuous procedure for aligning priorities and necessities ofassociation. This would help in meeting regulatory needs, targeted goals and objectives ofcompany in a proper manner (Marchington and et. al., 2016). In context with Burberry Group Plc., it is a British Company of UK which deals in luxuryfashion house. It mainly focuses on serving trench coats or development of outdoor attire likeready-to-wear outerwear, fragrances, cosmetics and more. This firm is established in 1856 byThomas Burberry and currently it has near about 500 branches in many countries whereapproximately 10,000 workers are working. Therefore, to manage such a large workplace isreally a complex procedure for HR managers. Some major purpose and functions of them can beexplained as- Functions of HRMRecruitment and selections: Without proper staff members at workplace, a firm cannotachieve its desired success. In this manner, managers used various procedures of1
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