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Purpose of Human Resource Management Assignment

   

Added on  2020-12-09

18 Pages4544 Words292 Views
Professional Development
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HUMAN RESOURCE
Purpose of Human Resource Management Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3LO 1.................................................................................................................................................3Purpose and functions of HRM and how the functions can provided talent and skills to fulfilorganisational objective..........................................................................................................3Strength and weaknesses of various approaches to recruitment and selection for organisation.5LO 2.................................................................................................................................................7Benefits of different HRM practises for both employees and employer................................7Effectiveness of various HRM practises in terms of raising organisational profit andproductivity.............................................................................................................................8Exploring different method of HRM practises.......................................................................9Evaluation of strength and weaknesses of different approaches of recruitment and selection10RECOMMENDATION.................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12TASK 2..........................................................................................................................................14LO 3...............................................................................................................................................14Importance of employee relation in respect to influencing HRM decision making.............14Key elements of employment legislation and their impact on HRM decision making........15Application of HRM practises in work-related context and providing a rationale of specificHRM practises......................................................................................................................15Evaluation of employee relation and the application of HRM practises that inform andinfluence the decision making..............................................................................................17
Purpose of Human Resource Management Assignment_2

INTRODUCTIONHuman resource refers to both the people who work for the organisation and thedepartment who is responsible for managing resources related to the employee. Human resourcemanagement is a contemporary term of management and development of employees in thecompany. The study is based on Human resource of McKinsey and Company that is anAmerican worldwide management consulting firm and the objective of the organisation isconducting qualitative and quantitative analysis to evaluate management decisions . The report isdivided in two tasks, the first task will analyse the purpose and functions of HRM and how it willprovide talent and skills to fulfil the objective of McKinsey. Furthermore, Strength andweaknesses of various approaches to recruitment and selection will be analyse. Along with thatstudy will evaluate methods, effectiveness and benefits of HRM practises to employees andemployers. The second task analyse the importance of employee relation and key elements ofemployment laws. Lastly the report will include the design of job advert.TASK 1Purpose and functions of HRM and how the functions can provided talent and skills to fulfilorganisational objectiveHuman resource management is the practise of recruiting, hiring, deploying andmanaging employees of an organisation. In other words HRM is the term that is used to describeformal system devised for the management of people within the organisation.Human resource management is considered as a very important part of McKinsey andCompany (Antonacopoulou, 2016). It is the coordination of the people within the organisation toachieve desired objective and goal, fulfil staffing needs and maintain satisfaction level ofemployees.Purpose of Human resource management:To procure required man power in right quality, right quantity at right time.To coordinate organisation's people and utilize the developed manpower to achieve thegoal or objective of business. To retain procured manpower for the benefit of McKinsey and Company as well as entireworkforce.
Purpose of Human Resource Management Assignment_3

Moreover, purposes include; Internal customer management, Benefit management, Laws,Cultural sensitivity, etc.Functions of HRM:HRM functions are carried out by the manager of McKinsey to fulfil the objectives of thecompany (Bailey and et.al., 2018). The core function of HRM like; recruiting, staffing, trainingand development are very important for the company to provide quality talent and skills to fulfilthe organisational objectives.Staffing- Staffing is the process of McKinsey's human resource management thatacquire, develop, employ, appraise, retain and remunerate right people at right position onappropriate time. This function is related to employment of personnel of all type; operational andmanagerial. The purpose of staffing in the organisation is to fill various position by most suitablepersonnel. This function provide McKinsey and Co. best of talent and knowledge that enhanceproductivity of organisation and attaining its objectives.Recruitment and Selection- Recruitment is the process in McKinsey company thatattracts and find capable applicants for employment and selection is responsible for selecting thebest candidate among all (Functions of HRM, 2019). During the process of recruitment, HRM ofIllustration 1: Functions of HRM(Source: Functions of HRM, 2019)
Purpose of Human Resource Management Assignment_4

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