The First Of Its Kind EntrepreneurIAL VENTURE UNIT # 3 HUMAN RESOURCE MANAGEMENT (LEVEL 4) Introduction

ASSIGNMENT : THE FIRST OF ITS KIND ENTREPRENEURIAL VENTURE
UNIT # 3 HUMAN RESOURCE MANAGEMENT (LEVEL 4)
Introduction:
Human resource management is a course of action used for accomplishing an angle,
expanding & assigning the schemes, and strengthening the arrangement of HR in any
administration. In general, it involves the adequate achievement for HR to bring in a
good outcome. The course of human resource management consists of recruitment,
hiring, training and selection, and engaging the employees in the organization. It is
highly essential for an organization to upgrade the brand representation and to control
the internal adaptability of human resources. The constitution and law of the
organization are managed with the system of human resources, It conducts to boost up
the commission of human resources and the potency of employees can be expanded.
In this article, Pakistan Tobacco Company will be examined according to management
of human resources in administration. The report also evaluates the ability of the HR
form which postulates how it improves the profit as well as output of the organization.
TASK 1
OVERVIEW OF PAKISTAN TOBACCO COMPANY (PTC)
Profile Of PTC:
Pakistan Tobacco Company is the first multinational corporation of Pakistan and Latterly
celebrated About 74 years of its effectiveness in the country. The organization is
affiliated with multinational British American Tobacco group, which currently employs
over 55,000 people, running in 180 countries and has been labeled as the most
sustainable company worldwide in the 2019 SEAL Business Sustainability Awards
The company was incorporated in Pakistan and has registered its name on three stock
exchanges of the state. The company was built in the year of independence, 1947
shortly after the division of the subcontinent. It occupied the business of Imperial
Tobacco Company (India). A new tobacco factory named Akhora khattak was
established in order to avail the increasing need, the company is now one of biggest
factories of KPK.

PTC supports its employee good relations with the organization, the company offers
several benefits for its workers which include well-paid wages, bonuses, leaves, and
social security. The HRM sector of PTC is in charge of all financial records of pay for a
worker. The company also celebrates various events for factory workers such as
appreciation events etc so they can be at their best. The company also helps to boost
the employee’s family security by providing life insurances, along with that the HR
sector arranges welfare activities, talents scholarships, Hajj, and umrah schemes and
Training programs as well.
Brands of Pakistan Tobacco Company:
PTC owns various brands which includes Gold Leaf, Gold Flake, Capstan, Wills,
Embassy, and Benson & hedges.
Explain the purpose
and planning and
resourcing the chosen
organization of your choice.
HUMAN RESOURCE MANAGEMENT (HRM) :
Human resource management is an action of hiring, recruiting, managing and posting
an administration’s employees. It is often mentioned as human resource (HR). The
responsibility of generating, putting into effect and supervising policies controlling
workers and the relationship of workers with the company is handled by the HR
sector of the organization.(Wesley Chai, 2018, )
PURPOSE OF HRM IN WORKFORCE PLANNING :
The purpose of the human resource department is to be in charge of various needs of
the company's employees which includes commercial and
legal matters.
1. Compensation: Human resource department
workforce assess and make changes to a company's pay
structure by exploring compensation trends seeking to
provide the workers with fair pay.
t he functions of HRM, applicable to
workforce

2. Staffing Needs: Human resource sector creates position publications for
employees that include recognizing jobs and finding out the skill level and conditions
that are demanded for the position.
3. Performance Appreciation: The process which is simple and yet fruitful of
appraising the workers is managed by the HR sector which creates the complete
performance evaluation process. Many organizations arrange such events annually.
4. Benefits: Human resource personnel must examine and explore to acquire the
good packages of benefits such as dental insurance, health insurance and a retirement
plan which provides sufficient coverage for workers, while keeping down the charge for
the employer.
5. Law Concession: In accordance with U.S. Occupational Safety and Health
Administration (OSHA), a workplace can minimize the cost emerging from illness and
injury nearly 20 to 40 percent when the good safety and health system are retained.
The HR department keeps the administration up-to-date with laws by staying attentive
to these regulations.
6. Maintaining the high morals of Employees: One of the purposes of the HR
sector is to successfully manage the workers of the corporation with the result that will
help the organization for running well and acheiving its objectives, goals and target.
FUNCTION OF HRM IN WORKFORCE PlANNING:
The primary functions of the HR department are :
1. Recruiting the suitable people for suitable job :
Recruiters who operate in-company as compared to the companies that postulate
staffing services and recruiting, play a critical role in expanding the employees'
personnel. They publicize job vocations, source applicants, screen candidates, manage
introductory interviews and correlate the hiring efforts with the supervisor, in charge of
finalising the candidats.
2. Maintaining a positive space :