Purpose of Human Resource Management | Assignment
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Added on 2020-10-22
Purpose of Human Resource Management | Assignment
Added on 2020-10-22
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1. Purpose of HR function, its key roles and responsibilities as well as its significance inacquiring talent.......................................................................................................................1P 2. Approaches to workforce planning, recruitment, selection, training, development,performance management and rewards system .....................................................................2P 3. HRM practices beneficial for both employees and employers ......................................4P 4. Effectiveness of different HRM practices for increasing profits and productivity oforganization ...........................................................................................................................5P 5. Key aspects of employment legislation and its impact on HRM decision making.........6P 6. Evaluation of employee relation and employment legislation on decision making .......7P 7. Applications of human resource practices in work related context ...............................9Recommendations of use of technology, social media on improving the recruitment andselection process ..................................................................................................................14CONCLUSION .............................................................................................................................14REFERENCES .............................................................................................................................15
INTRODUCTIONHuman resource management (HRM) is the practice of hiring, recruiting and employingof people in the firm. It is activity of designing policies of benefits and compensation, providingthe training and development, measuring performance and giving the rewards to personnel in theorganization. Effective human resource management assist to success of organization, so that HRdepartment must have ability to manage personnel in the workplace (Zhou and et.al., 2015).HRM also helps to firm for gaining the competitive advantage. This report is based on Marksand Spencer (M&S). It is multinational British multinational retailer which specialise in sellingwearable, home appliances and luxury food products across UK. This study will explain purposeof HR functions, its roles and responsibilities and its significance in acquiring talent to meetobjectives. It will assess approaches to workforce planning, recruitment and selection as well asperformance management. Furthermore, report will examine different methods used in HRpractices within the organization. TASK 1P 1. Purpose of HR function, its key roles and responsibilities as well as its significance inacquiring talentHuman resource department is handled various functions such as hiring and firingworkers, training and development, build relationship and explaining employment laws withinM&S. HR department works diligently to ensure that business runs efficiently and smoothly. HRfunctions are following such as:Managerial Function Planning: It is the managerial function of HRM in which HR manager needs to planningof workforce and utilization of resourcing within the M&S. Organizing: It is another function of HRM which they are organized different trainingand development programs for improving the performance of employees within M&S.Operative Function Recruitment and Selection:It is the major function of human resource management. It is procedure of attractive,viewing and selecting expected and qualified candidates for vacant jobs. Recruitment andselection are very essential to reduce the costs of mistakes such as incompetent engaging,1
unmotivated employees (Bamberger, Meshoulam and Biron, 2014). The purpose of this functionis to add new staff and preventing turnover as well as seeking talent in the M&S.Training and Development: It is another function of human resource management. Training and development is theactivity to improve current or future execution of worker through increasing their ability in theworkplace. The purpose of this function is to expedite acquisition of knowledge and abilities forimpressive job performance. The aim of training and development is to improve performanceand increasing productivity of workers as well as organization. Roles and responsibilities of HR function:The role of HR function is to take initiatives and give direction, support and services relating toall matters to employees within M&S. These functions are ensured that introducing andimplementing HR strategies, policies and practices in relation concerning employment anddevelopment of people (De Bruecker and et.al., 2015). The responsibility of human resource isseen to be business oriented and contributing to accomplishment of continuous competitiveadvantage. The human resource function play major role in the making of atmosphere that allowpeople to create the best utilise of their competencies to realize their expectation. Significance of human resource functions:Human resource functions are very important to achieve objective and goals of organization. It isessential to build good team and improve performance of employees in the workplace. HRfunction is important to developing public relations. For this, human resource departmentorganize meetings and seminars in the M&S. Human resource functions are also important formanaging disputes between workers and employers in the workplace. HR functions also help toachieving the objectives of business through effective management of workforce and resources. P 2. Approaches to workforce planning, recruitment, selection, training, development,performance management and rewards system Approach to Workforce Planning Workforce planning is the constant procedures utilised to link the requirements andpriorities of workforce within the firm. It allows evidence based manpower developmentstrategies. Competency approach is the way of planning of workforce in the organization(Crettenden and et.al., 2014). This approach identify sets of capabilities linked with mission,2
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