Resource Management Assignment - Hoo Hing

Added on - 22 Nov 2020

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Resource Management- HooHing
Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3LO4..................................................................................................................................................5LO5..................................................................................................................................................7LO6..................................................................................................................................................8CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONResource management refers to an activity performed by management of the organisationwith the aim of achieving highest utilisation of resources available(Noe and et. al., 2017).Resources includes human resource, financial, production, inventory management etc. Mainmotto of implementing resource management is to perform with highest potential so thatcompetitive advantage would be gained by them in future. For this report, Hoo Hing is taken fordiscussion which is a medium sized organisation and deals in oriental foods, catering products,groceries, general items etc and headquarter in Essex, United Kingdom. Different types ofhuman resource function will be explained with their importance of development in theorganisation. Besides this resource plan will be made by considering company's aim andobjective. Evaluation will be done on the use of resources available in the organisation with theirplans. At last, plan will be formulate to ensure maximised use of resources.LO1Human resource plays an important part in the success of organisation as it assist them toalign the activities done by the employees with the mission and objectives of the company so thatit would be attain in lesser period of time. Main role is to plan and development the availableresources so that maximum utilisation of it would be achieved by the company. For instance,Hoo Hing human resource objective is to development of employees so that overall productivitywould be increased. Create favourable working environment so that it can motivate theemployees of Hoo Hing to perform with higher potential. Different types of human resourcefunction which would be developed by the Hoo Hing is given below with functional example ofit,Recruitment and Selection:Success of the company is directly connected with therecruitment and selection approach as if unsuitable candidates is hire for the vacantposition due to biasses or favouritism, then it will affect Hoo Hing performance in anegative way. As individual wont be having proper skills and capabilities due to whichthey would not be able to perform with the expected potential thus low productivity ofthe company. So it must be important for Hoo Hing to develop proper recruitment andselection approach as then it would assist them to perform better in the competitivemarket (Main Functions of a Human Resource Department,2019). For instance, if Hoo
Hing is hiring for sales executive, then skills which must be considered by HR whileinteracting with the potential candidates is communication and interpersonal skills,attitude, behaviour etc. If all these needs are fulfilled by the candidates then only HooHing should hire them as all these competencies would assist them to increase their salesover a period of time.Training and Development:Employees in the organisation would be an asset for themif they have proper skills and capabilities which are required to perform the task withhigher efficiency(Bratton and Gold, 2017). So its the role of Hoo Hing HR andmanagement to identify skills which are trending and essential in the external market andthen inculcate in them with the help of training and development. Training is a process ofproviding all the information which is important for employees to learn with the help oftechniques like classroom classes, online courses, on site training etc. For instance, if newtechnology is placed in the Hoo Hing store then the trainer should teach ways of using itto all the employees so that they can use it to enhance their productivity thus betterperformance by company.Employee Benefits:There are two ways through which employees could be motivated inthe organisation i.e., monetary and non monetary benefits. So the role of Hoo Hing HR isto develop the practices of providing benefits to employees on the basis of theirperformance while working rather than on the basis of better relationship with themanager. Monetary benefits includes incentives, bonuses, hike in salary etc, in nonmonetary benefits, promotion, acknowledgement of work, better working conditions etccomes(DeCenzo, Robbins and Verhulst, 2016). For instance, promotion should be givenby Hoo Hing on the basis of performance as it will motivate them to work even moreharder in the future which is a positive sign of company's growth. But if it does not on theperformance then it will demotivate the hard working employees which will leads tolower productivity and morale which is not good for a medium size organisation. So itcan be said that Hoo Hing HR should develop this approach in their working operationsto enhance their performance level in the future as compare to their competitors.Employee Relationship and environment:Motivation of the employees is linked withthe employees relationship with each other, as if healthier relationship is there betweenthe employees working together then it will motivate them to work harder and vice versa.
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