Advantages of Developing HR Functions for Pine-Apps Ltd

TALENT MANAGEMENT
1

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Discuss and evaluate the advantages for Pine-Apps Ltd in developing HR functions................3
TASK 2............................................................................................................................................4
A. Roles of performance management system............................................................................4
B. Performance management system can be implemented with other HR processes to improve
organizational performance.........................................................................................................5
TASK 3............................................................................................................................................6
A. Performance management system can be used to improve employee commitment and
engagement..................................................................................................................................6
B. Challenges they may face using this system and propose how these can be overcome or
managed.......................................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................9
2

INTRODUCTION
Talent management is a constant process that is involved for attracting and retaining
highly qualified workforce. Motivation for constant improvement and developing skills is going
to be included in this process as well. Having effective HR functioning and department must be
present which is going to make the standards and reputation of the company increase. Pine Apps
Ltd. Is operating from 3 years which is from 2018 for financial services sector. The company
gained £50,000 to £10 million in one year of their revenue. CEO of Pine-Apps Ltd has taken
measure to get in right employees so that there is going to be effective working and processing
which the company can have making the organization get in higher brand value, competitive
advantage and profitability. The report is going to consist of functions and performance
management system in the organization so that there is going to be higher performance and
working which is going to be present. The company is expanding fast therefore right HR
processes and systems have to be followed so that the company would be able to take a benefit
from it.
TASK 1
Discuss and evaluate the advantages for Pine-Apps Ltd in developing HR functions
It is important for Pine-Apps Ltd to make sure that they have right HR functioning so that
they would be able to get in smooth operations and working which is beneficial for the overall
working. Pine-Apps Ltd has been able to capture the market easily which is beneficial for the
overall performance of the organization making the standards of the company be higher. To
make the working of Pine-Apps Ltd more effective the organization would have to make sure
that they have having good HR department to get in right departments and workforce. There is a
standard which Pine-Apps Ltd is having and has gained in two years which have to be analysed
and worked upon further so that the company would be able to make sure that they are having
the right functioning (Whysall, Owtram and Brittain, 2019). Roles and responsibilities have to be
well distributed and make sure that they are being well developed with time.
Having right HR department the organization would be able to make sure that there are
right employees which are coming in sales and marketing department and research and
3