Strategic Human Resource Management (HRM) Assignment Solved
Added on 2020-10-22
11 Pages2995 Words134 Views
|
|
|
STRATEGICHUMAN RESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1HR Policies and Practices...........................................................................................................1TASK 2............................................................................................................................................3Analysis of effect of external forces...........................................................................................3TASK 3............................................................................................................................................4Organisation of HR functions, delivery of HR policies and practices........................................4CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONStrategic Human Resource Management is a method adopted by organisations of whichensures effective benefit to the company's employees and the overall organisation. This practiceemphasises on attraction, development, rewarding and retention of employees within a firm(Strategic Human Resource Management: Definition & Importance, 2019). The followingassessment is structured around Hawksmoor and The New World Trading company (NWTC),both of which have a distinguished place in the United Kingdom. The assignment covers analysisas well as evaluation of HR policies and practices and specific external forces and their effect onHR strategic decisions within these organisations. It also covers how HR functions are organisedin these companies and how these policies and practices are delivered within the firms. Inaddition, it emphasises on the roles and challenges of line managers in the delivery of HRM.TASK 1HR Policies and PracticesHuman Resources are the most integral part of a company. Working in Service Sector,the employees of both of these companies have different approaches towards managing theirHuman Resources. These approaches are described below:High Commitment HRMOne of the most crucial and competitive strategy, High Commitment HRM is a practice iscircled around ensuring high commitment of the human resources within the company. NWTCmanage its human resources in ways which promotes teamwork, high working standards,innovations and ethical practices (THE NEW WORLD TRADING Co.: OUR PEOPLE, 2019).There are various policies taken by the restaurant to company to ensure that they increasecustomer engagement and commitment.HR Policies:Fair Standards Policy: The company implements the Fair Labour Standards Act withinthe organisational work-frame which promotes favourable conditions of employment,flexible working hours, rest intervals and effective leave structure which aim at ensuringhigh employee commitment (United Kingdom (100,181) > Conditions of employment(4,368), 2014).1
Equality Act: Another policy which is adopted by this company is the assurance of equalworking conditions to both its male and female employees. In addition to this, NWTCeffectively considers equal pay scale as per the job role regardless of the gender of itsemployees.HR Practices:Employment Security: The practices and operations within the company are effectivelyconsidered to be quite favourable in terms of promoting workplace security for itsemployees. It is the utmost priority of the company and there are various clauses withintheir employment contracts which provides employees effective benefits for themselvesas well as for their peers.Team Work: Another HR practice which is supported and promoted by this organisationis team work. There are different departments having various individuals who worktogether in harmony to accomplish organisational goals. The firm's manager consideremployees as effective part of their company and ensure effective team management forcompetent HRM within the workplace.Best Fit HRMThis is the form of human resource management which focuses on development ofpractices and policies as per the business strategy (Collings., Wood and Szamosi, 2018). It isvery essential to understand the life-cycle model which is an integral part of this strategy. StartingUp: At the very initial stage of a business life, the HR practices must considerthe initial objective of the firm which is customer awareness about its offerings, increasein profit etc. Growth: At this stage, the main agenda of a firm is to effectively handle operations toenhance customer engagement and acquisition. HR practices and policies must be moreinclined towards providing performance-based incentives and effective training.Maturity: Under this phase, when the company is at its peak, the HR practices mustensure consistency in the performance of employees.Decline: This stage is generally foreseen by most of the companies. In this stage,innovation and introduction of new offerings seems few options to regain the lost status.Thus, the HR practices must be more employee-centric and ensure effective balance ofhuman resources with change in products and processes.2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Strategic Human Resource & Managementlg...
|10
|3082
|238
SHERM Assignment Solutionlg...
|10
|2750
|400
The Strategic Context of Human Resource Managementlg...
|11
|639
|423
Strategic Human Resource Management Assignment - Tesco Plclg...
|11
|2580
|241
Strategic Human Resource Management (SHRM) Assignmentlg...
|10
|2550
|239
Human Resource Management Reportlg...
|17
|4994
|480