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Benefits of HRM Practices for Employer and Employee

Appreciating and applying principles of effective Human Resource Management (HRM), exploring tools and techniques used in HRM, and understanding the importance of training and development in building and extending the skills base of the organization.

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Added on  2022-12-26

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This article explains the benefits of different HRM practices within an organisation for both the employer and employee. It covers topics such as learning, development, and training, performance management and rewards, employee engagement, and work-life balance.

Benefits of HRM Practices for Employer and Employee

Appreciating and applying principles of effective Human Resource Management (HRM), exploring tools and techniques used in HRM, and understanding the importance of training and development in building and extending the skills base of the organization.

   Added on 2022-12-26

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Benefits of HRM Practices for Employer and Employee_1
Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Task 1...............................................................................................................................................1
P1.Explaining the purpose and functions of human resource management applicable to
workforce planning..........................................................................................................................1
P2.Explaining the strengths and weaknesses of different approaches to recruitment and selection
..........................................................................................................................................................3
Task 2...............................................................................................................................................5
P3: Explain the benefits of different HRM practices within an organisation for both the
employer and employee..............................................................................................................5
P4 Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity.................................................................................................................6
Task 3...............................................................................................................................................7
P5: Analyse the importance of employee relations in respect to influencing HRM decision-
making.........................................................................................................................................7
P6: Identify the key elements of employment legislation and the impact it has upon HRM
decision-making..........................................................................................................................8
Task 4...............................................................................................................................................8
P7 Illustrate the application of HRM practices in a work-related context, using specific
examples......................................................................................................................................8
CONCLUSION..............................................................................................................................11
References:.....................................................................................................................................11
Benefits of HRM Practices for Employer and Employee_2
INTRODUCTION
Human resource management is the term which is used to define appropriate arranging of
manpower within an organisation. Arranging of manpower consist of recruiting skilled
employees, managing performance, handle all issues and grievances, distributing resources on
the basis of requirement of organisation and many others(Macke and Genari, 2019). Sainsbury is
an supermarket chain in UK. It was founded by John James Sainsbury in the year 1969. It is
headquartered in London, UK. The following report cover meaning and functions of HRM,
strength and weaknesses of different approaches to recruitment and selection, benefits of HRM
for employer and employees, role of HRM in raising organisational profit and productivity,
importance of employee relations, employment legislation and their impact upon organisation
and HRM practices in a work related context with the help of examples.
MAIN BODY
Task 1
P1.Explaining the purpose and functions of human resource management applicable to
workforce planning
Human resource management: Human resource management means the process of
hiring ,recruiting and training the individuals who are fit for the organisation and maintaining the
workforce for achieving the goals of the organisation(Zaid, Jaaron and Bon, 2018). Human
resource management is that stage which gives out efficient procurement and fuller utilisation of
people.
Functions and activities of Human resource management:
Human resource planning: Planning is deciding in advance the future course of actions
and that too in relation with workforce. It is very important for the organisation to analyse
the requirement and the type which is required for achieving the goals of the
organisation. Sainsbury always focus on bringing more manpower for each department
and to plan talented individuals through recruitment and selection process. Recruitment and selection: By recruitment we mean hiring the individuals required for
the organisation and then selecting them on the basis of their talent and locating them on
the basis of their ability to achieve organisation goals and right experience(Järlström,Saru
and Vanhala, 2018) . Sainsbury also performs this procedure similar to other companies
1
Benefits of HRM Practices for Employer and Employee_3
where they use an application for recruiting staff and finding the individual information
in a structured way.
Best fit approach v/s Best practice:
Best Fit Best Practice
Best fit approach means the strategies
which are used by the organisation are
suitable for the functioning.
HR strategy will be more efficient when
it is related with the surrounding
activities of the business (Lin, Li and
Lam,2020).
Best practice says that some HR
activities exist universally which makes
the organisation to achieve competitive
advantage.
When best practices are implemented
organisation sees improvement in their
performance.
Hard and soft models of HRM:
Hard model- This model signifies that the company treats their personnel only as
resource and their focal point is to identify the workforce according to their needs so the
organisation can recruit them in their way(Oluwatayo and Adetoro, 2020). When the
performance of the business lowers down the mangers have the tendency to replace their
employees. Soft model- Soft model identifies employees as an important resource of the organisation
and the manager works according to the needs of the employees. This model has a two
way communication where the manager allows the employees to speak in accordance
with achieving goals of the organisation.
Workforce planning:
Workforce planning means to plan ,identify the needs of the organisation ,and to forecast the
number of employees so that right person is placed at the right time . Sainsbury plans their
workforce according to the needs of the departments which are divided in the store which helps
in governing the personnel(Pegulescu, 2018).
Internal labour market:
2
Benefits of HRM Practices for Employer and Employee_4

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