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Benefits of HRM Practices for Employee and Employer

   

Added on  2023-01-07

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Human Resource
Management
Benefits of HRM Practices for Employee and Employer_1

Table of Contents
INTRODUCTION...........................................................................................................................3
Section 1...........................................................................................................................................4
LO 1.................................................................................................................................................4
Purpose, Roles and Responsibilities of HR functions.................................................................4
Various Approaches to functions of HRM..................................................................................6
LO 2.................................................................................................................................................8
Benefits of HRM practices for employee and the employer........................................................8
Effectiveness of HRM practices enhancing Organization's productivity and profitability.........9
LO3..................................................................................................................................................9
6. Effectiveness Of employees relations and engagement...........................................................9
7. Key elements of Employment legislation..............................................................................11
Section 2.........................................................................................................................................12
LO 4...............................................................................................................................................12
Application of HRM Practices...................................................................................................12
Interview Question.........................................................................................................................15
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18
Benefits of HRM Practices for Employee and Employer_2

INTRODUCTION
Human Resource Management is important part of organization, it plays significant role
in talent and recruitment and other activities that are related to workforce management, Training
and Development. Mark and Spencer(M&S) is one rising retail company in UK by offering
range of product with high quality. It sells various brands such as Per Una, Autograph, Limited,
Rosie, Blue Harbour, M&S Collection and M&S Energy. Company has more than 1035 stores in
United Kingdom with Best supply chain management. Online store of the company is one of the
first choice of UK customer. Company focus on changing Taste and Trend of customers and
hence able to gain large market share of Britain. There are many types of work which HRM of
M&S performed such as Selection/Recruitment, Training &Development, Employees
performance measurement and analysis etc. However, there are many problems in the
organization which HRM faced such as retention, building employees relation etc.. The report
Highlight purpose and functions of HRM related employees planning and recruitment. It also
Benefits of HRM Practices for Employee and Employer_3

explains effectiveness of key elements of HRM in the organization. There are many external and
internal factors that affect HRM decision decision-making. In the end report gives details about
application of HRM practices.
Section 1
LO 1
Purpose, Roles and Responsibilities of HR functions
HRM plays a very important role in managing the employees and the overall
environment of the workplace. As Marks & Spencer perform its operations in a highly
competitive sector so it must have the highest level of employees to perform in their best
possible ways in order to sustain the company's growth (al Habibi, 2019). HR department of
M&S must also ensure that the employees are aware to achieve their operational goals regularly
therefore reinforcing them when necessary.
Purpose of HRM
The main purpose of HRM is to achieve the organizational goals by making the best use
of the employees along with doing employees' welfare. The HRM of M&S considers the
employees as the biggest and valuable assets of they company. It enhances the skills and the
talents of the employees in order to develop the employees' personality and also to increase the
productivity and profitability of the company.
To compete in this emerging market, the HRM hires skilled employees who can bring innovative
approaches and strategies by motivating the top talented ones. It also provides a certain
measurable goal to the employees so that they feel valued and can contribute in the overall goals
of the organization (Rashid, 2016). It also focuses on developing various innovative strategies
which when implemented by talented employees can bring a rapid growth to the organization.
The HRM also takes care of the interests of the employees so that they always feel motivated and
can add value by using their skills with full dedication.
Along with the welfare of the employees and the organization, the HRM also ensures that the
customers' needs and demands are met up by the performance of the employees. The satisfaction
of the employees helps the company to gain competitive advantage,
Roles and Responsibilities of HR Functions
Benefits of HRM Practices for Employee and Employer_4

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