Human Resource Management Practices in HRM Decision Making
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Added on 2021-02-22
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5 LO211 P3 Benefit of HRM practices for employer and employees11 P 4 Effectiveness of HRM Practices in raising profit and productivity 12 LO313 P 5 Importance of employee relation in HRM decision-making 13 P6 KEY ELEMENTS OF EMPLOYMENT LEGISLATION & ITS IMPACT ON HRM DECISION MAKING14 LO416 P7. This study includes the purposes and functions of HRM, various approaches to recruitment and selection, advantages ofHRMpracticesinan organization for
Human Resource Management Practices in HRM Decision Making
Added on 2021-02-22
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HUMAN RESOURCE MANAGEMENT
Table of Contents INTRODUCTION...........................................................................................................................3 LO1..................................................................................................................................................3 P1. Purpose and function of Human resource management.......................................................3 P2. Strengths and weaknesses of various approaches for selection and recruitment..................5 LO2...............................................................................................................................................11 P3 Benefit of HRM practices for employer and employees.....................................................11 P 4 Effectiveness of HRM Practices in raising profit and productivity....................................12 LO3................................................................................................................................................13 P 5 Importance of employee relation in HRM decision-making..............................................13 P6 KEY ELEMENTS OF EMPLOYMENT LEGISLATION & ITS IMPACT ON HRM DECISION MAKING...............................................................................................................14 LO4................................................................................................................................................16 P7. THE APPLICATION OF HRM PRACTICES IN A WORK RELATED CONTEXT WITH SPECIFIC EXAMPLES................................................................................................16 Conclusion:....................................................................................................................................21 References......................................................................................................................................22
INTRODUCTION Human resource managementis a process of managing personnel in an organization in a organizedmanner.HRMcovershiringrightpeople,retainingbesttalent,performance management, conducting exit interviews. This process involves developing people, conducting training sessions for them, motivating them so they can become valuable for the organization. This study includes the purposes and functions of HRM, various approaches to recruitment and selection, advantages of HRM practices in an organization for employer and employee both and effectiveness to these HRM practices. This study further adds about analysing the importance of employee relation in regard to influencing HRM decision-making. The study also identify the important part of employment legislation and its impact on HRM decision-making. Jaguar Land Rover is a British based multinational company. It is an automotive company. It was founded on 18thJanuary 2008. The company has it headquarters in Whitley,Coventry, UK. The CEO of the company is DR Ralf Speth. The company deals in luxury vehicles and sport utility vehicles. LO1 P1. Purpose and function of Human resource management. Human resource management is refers as the practice of organizational management including recruitment, selection, provide orientation and impart training and development and hiring the employees who deserve for the company. This is often known as human resources(Ban field, and et.al. 2018).It is the strategic approach to maintain the effective environment of management in the organization. The main purpose of the human resource management is to increase the employee performance to the highest level corresponding to role in the organization. The major responsibility of HR manager is to recruit the new professionals that have skills necessary for achieving the company's goal. Training and development also provide to the employees to meet objective of the organization (Ban field, and et.al. 2018). . The main objectives of human resource management is given below. 1. Organizational objectives:This is the objectives in which including hiring, recruiting, and get provide training to the employee for the given task.
2. Personal objectives:It is that objectives in which it supports the employees personal goal like allowance for education and career development as well as enhancing the job satisfaction to the employee.(Ban field, and et.al. 2018) 3. Social objectives: Human resource always should be justified with the employees in terms of all social, legal and ethical environmental issues. This is legal responsibilities for the HRM that is equal opportunities and equal pay for same work(Berman, E.M. and et.al. 2019). There are following functions of the Human resource management. Jobdesign:Humanresourcemanagementcreateanopportunityfordevelopmentof organization. Here is Jaguar Land rover is British automotive multinational company also has generate various job profile which is strategy of the company that will help to promote iconic brands. (Cascio W.F. 2015). Recruitment: The recruitment is the process of selecting, short-listing, and appoint that eligible candidate who is suitable within the organization. Same as in the Jaguar Land rover prefer those employees who are more efficient, productive and profitable for company. The human resource of jaguar refers some major factor which is more important for the company before recruitment, like searching, planning, screening and evaluation of candidate.(Cascio W.F. 2015). After this process the HR manager can be selected as prompt employee for integrating the organization. Compensation:Here the Land rover also pay compensation to the employee that may be because of high contribution to firm Compensation is the reward for the employee who perform well in the organization. It may consist cash reward such as wages, salary, incentives or commission. The HRM of company provide bonus, profit sharing and stock option based on individual performance of the employees.. This help in maintaining moral satisfaction of employee and encouraging the peak performanceThe management of Jaguar Land rover has also introducing employees benefits such as allowances (travelling, housing, meal) Health and safety: The human resource manager has responsible for safety of the employees within the organization(DeCenzo and et.al.2016).This typically refers to provide life insurance, disability insurance. Jaguar Land rover has provided other leave advantage for their employees like vacation pay, holiday pay, maternity leaves for women also contribute retirement pension
pay. Therefore, it is very essential responsibilities for the human resource to take care of their employees works in the organization(DeCenzo and et.al.2016). P2. Strengths and weaknesses of various approaches for selection and recruitment. BasesStrengthWeakness Best Fit- This approach can be usedinordertospecify whether the strategies used by organization is appropriate or not. The strength of the best fit is that it emphasis theactivitieshappens by the human resource managementofthe Jaguarisappropriate within the situation of organization,include its operational process, cultureandexternal environment.(DeCenzo and et.al. 2016) JaguarLandroveris lessconcernwiththe bestfitbecauseitis impossibletoall contingentvariables canbemodelled. (Nankervis,A.Rand et.al.2016). It is more difficulty to showing interconnectionand changes in one variable impactonothersas well. Best Practice- This approach can be used in any situation Anumberoflistsof‘best practices’ have been produced, the best known of which was produced by Pfeffer namely: 1. employmentsecurity;. Thefirstpracticesin the human resource is thesecurityof employment.Jaguar Landroverhasbeen providedemployment securitywhichhelps retain their employee. The best practices can notbechangewhen organizationalstrategy change, it is so called static policies hence its nottomadechanges unless there are major adjustment to be made
selective hiring;self-managed teams;highcompensation contingentonperformance; trainingtoprovideaskilled and motivated workforce; TheHRsecondbest practice is the selective hiring process(Nankervis, A.R and et.al.2016). Jaguarhasalso providedtrainingand developmenttotheir employeesandhigh compensationand benefitsgivento employeethat encourages the work of the employee. within the organization. Internal recruitment- It means hiring candidates from within organization. Like for example Transfer, promotion etc. Internal recruitment of theJaguarlandrover companyhas economicallycheaper whichsavethe expenditureofthe recruitmentprocess. Therefore,Jaguarhas becomefinancially strong. It is easier to promote employeeandreliable for the company about which already familiar introduction organization. IftheJaguarLand rover requires specific skilledorqualified employeeforhiring particular profile and if desiredcandidate absence in current pool of company, then this is not right process of recruitment. Nonewideashave been introduced in the Jaguar if no one come fromoutsideofthe company. Its process is to create another vacancy which
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