Report On Posh Nosh Ltd - Significance Of HR Functions For Growth

Added on -2020-02-05

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HRM
Table of ContentsINTRODUCTION......................................................................................................................3TASK 1......................................................................................................................................31.1 Difference between personnel and human resource management...................................31.2 Assessing the contribution of HR functions in the attainment of organizational goals...41.3 Evaluating the roles and responsibilities of line manager in HRM.................................51.4 Analyzing the impact of legal and regulatory framework on HRM................................6Task 2.........................................................................................................................................62.1 Explain on reason for HR planning reason and its importance for the organisation.......62.2 Outline the stages involved in planning of HR requirements..........................................72.3Comparison on recruitment and selection procedure of two organisation........................82.4 Evaluate the effectiveness of the recruitment and techniques.........................................8TASK 3......................................................................................................................................93.1 Assess the link between motivational theory and reward................................................93.2Evaluate the process of job evaluation and other factors determine pay..........................93.3 Asses the effectiveness of reward system......................................................................103.4 Methods of monitoring employee performance.............................................................10Task 4.......................................................................................................................................114.1 Reasons of cessation of employment.............................................................................114.2 Exit procedure of organization.......................................................................................124.4 Impact of regulatory frame work on employee cessation..............................................13Conclusion................................................................................................................................13REFERENCES.........................................................................................................................15
INTRODUCTIONHuman resource management is the main functions of business organization becausewithout having highly skilled and talented personnel plan attainment of goals is difficult. Therationale behind this, employees play a vital role in executing business plan or strategies in anappropriate manner. Hence, in the business organization, HR manager is assigned with theresponsibilities to take strategic action or measure for improving the performance ofpersonnel. This in turn enables firm to evolve satisfaction among the customers by deliveringhigh quality services. The present report is based on Posh Nosh Ltd which offers consultancyservices to the large size institutions. In this, report will present the extent to which HRfunctions are highly significant for organizational growth and success. Besides this, it willshed light on the aspects of HR planning and recruitment and selection approachesundertaken by Posh Nosh Ltd. Further, it will provide deeper insight about the relationshipwhich takes place between the reward system and motivational aspects. It also depicts theimportance of exit interview in the planning of human resources. TASK 11.1 Difference between personnel and human resource managementThere is significant differences take place between the personnel and human resourcemanagement in the following manner:Meaning: HRM may be defined as a strategic function of HRM which is highlyconcerned with the raising efficiency aspect of personnel. Such modern approach laysmore emphasis on making optimum use of manpower which in turn directly makescontribution in the attainment of goals. On the other side, personnel managementfocuses on building effective relationship with the workforce. Unlike HRM, personnelmanagement in the traditional approach,that is associated with the effectivemanagement of employees. Communication: HR department of Posh Nosh Ltd encourages their personnel tocome up with innovative ideas and solution. Hence, open communication system isintroduced by HR manager within the firm. In comparison to this, in the case ofpersonnel management communication is limited or even restricted.

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