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Report On Churchill Insurance Company- HRM Theories

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Added on  2020-02-05

Report On Churchill Insurance Company- HRM Theories

   Added on 2020-02-05

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UNDERSTANDING THE ROLE OF HRM INAN ORGANIZATION(CHURCHILL INSURANCE COMPANY)1
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Table of ContentsIntroduction:.....................................................................................................................................................................1. Understanding the difference between personnel management and human resource management:....................................................................................................................................................................1.1 Distinguishing between personnel management and human resource management:............................................1.2 Assessing the function of the human resource management in contributing to the purposes of Churchill Insurance Company:................................................................................................................................1.3 Evaluation of the role and responsibilities of line managers in human resource management of Churchill Insurance Company:..........................................................................................................1.4 Analyzing the impact of the legal and regulatory framework for human resource management of Churchill Insurance Company:..........................................................................................................2. Understanding how to recruit employee in Churchill Insurance Company:................................................................2.1 Analyzing the reasons for human resource planning in Churchill Insurance Company:......................................2.2 Outline the stages involved in planning human resource requirements in Churchill Insurance Company:....................................................................................................................................................2.3 Comparing the recruitment and selection process in Churchill Insurance Company and John Lewis Partnership:...............................................................................................................................................2.4 Evaluation of the effectiveness of the recruitment and selection techniques in Churchill Insurance Company and John Lewis Partnership:.......................................................................................................3. Understanding how to reward employees in order to motivate and retain them in Churchill Insurance Company:........................................................................................................................................................3.1 Assessing the link between motivational theory and reward in Churchill Insurance Company:.....................................................................................................................................................................3.2 Evaluation of the process of job evaluation and other factors determining pay in Churchill Insurance Company:..................................................................................................................................................3.3 Assessing the effectiveness of reward systems in different contexts of Churchill Insurance Company:...................................................................................................................................................................2
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3.4 Examining the methods Churchill Insurance Company uses to monitor employee performance:..............................................................................................................................................................4. Knowing the mechanisms for the cessation of employment in Churchill Insurance Company:........................................................................................................................................................................................4.1 Identify the reasons for cessation of employment with Churchill Insurance Company:.....................................4.2 Describe the employment exit procedures used in Churchill Insurance Company and John Lewis Partnership:.....................................................................................................................................................4.3 Considering the impact of the legal and regulatory framework on employment cessation arrangements in Churchill Insurance Company:........................................................................................................Conclusion:....................................................................................................................................................................References......................................................................................................................................................................3
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Introduction:Human resource indicates the people a company maintains in an organization. The humanresource consists of the managers, the employees, the stakeholders and even the consumers. Aproper management of all these people is truly important for an organization to function.Churchill Insurance Company is based mainly in London, and it is the first provider of direct carinsurance to consumers (Ferner et al., 2011). Nowadays, the company has also expanded itshorizons, and provide general insurance as well. It’s a part of the Direct Line Group, and itsparent company is United Kingdom Insurance Limited. There are many commonplace theoriesrelated to HRM, which are applied in order to formulate a better management for ChurchillInsurance Company. 1. Understanding the difference between personnel management and human resource management:1.1 Distinguishing between personnel management and human resource management:The difference between these two terms in the concept of management is quite vague. It can besaid that the personnel management is the traditional approach where the labors of a particularcompany are managed according to the labor law (Keegan, Huemann and Turner, 2012). Thehuman resource management consists of the management of people on the basis of theirstrengths. The HRM strategies are even linked to the objectives and goals of Churchill InsuranceCompany. The HRM would help the employees achieve their targets whereas the personnelmanagement would simply indicate the payment structure and the management of labor. Human resource management always works from a broader perspective. The personnelmanagement considers the employees as inputs to generate the required amount of output neededby the company. The human resource management, on the other hand, believes that if thestrengths and weaknesses of the individual employees are not found, it is very difficult to makethem achieve the desired output (Greenwood, 2013). Corporate training was never a part of thetraditional personnel management approach. However, the human resource managementprovides training to all its employees to make them work smoothly in Churchill InsuranceCompany. 4
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