Benefits of HRM Practices for Employees and Employers

Human Resources
Management
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Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
P1 Explanation of the purpose and the functions of HRM, applicable to workforce planning
and resourcing an organisation....................................................................................................4
P2 Strengths and weaknesses of different approaches to recruitment and selection..................6
TASK 2............................................................................................................................................8
P3 Benefits of different HRM practices for both the employees and the employers within an
organisation..................................................................................................................................8
P4 Effectiveness of different HRM practices in terms of raising organisational profit and
productivity..................................................................................................................................9
TASK 3..........................................................................................................................................11
P5 Analyze the importance of employee relations in respect to influencing HRM decision-
making.......................................................................................................................................11
P6 Identify the key elements of employment legislation and the impact it has upon HRM
decision- making........................................................................................................................12
TASK 4..........................................................................................................................................14
P7 Illustration of the application of HRM practices in a workrelated context, using specific
examples....................................................................................................................................14
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
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INTRODUCTION
Human Resource Management refers to the strategic approach by the management to effectively
control and manage the people of an organisation with an objective of directing their efforts
towards achievement of organisational goals and targets. This project report aims at evaluation of
different function of human resource management with an organisation context of Waitrose Ltd.
Waitrose ltd. is UK based grocery retailer with large supermarket chains across the world. It was
founded in the year 1904 the company has its headquarters at Berkshire, London, UK. It is the
eighth largest grocery retail store in United Kingdom. In this project report, an attempt has been
made to evaluate the different approaches of recruitment used by the management of Waitrose
and further it aims to understand the benefit of HRM practices for both employees and the
employer. It also aims to evaluate the usefulness of HRM practices in improving organisational
profit and productivity (Barratt-Pugh, Bahn and Gakere, 2013). The project report consists of
importance of employee relations in HR decision-making and relevance of employee legislation
laws. The project report aims to understand the implication of HRM practices in a work related
context with the help of using specific examples.
TASK 1
P1 Explanation of the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation.
Human resource management functions aims at maximising the productivity of the
employees of an organisation. The human resource is the most important resource for any
organisation since the effective utilisation of every other resource majorly depends on the human
aspect associated with its use. With such large scale operations, it gets imperative for Waitrose to
manage effectively its human resources to achieve goals and targets. It is related with the people
dimension of the organisation. Effective HRM depends on the skills and knowledge of the
human resource managers of an organisation (Bratton and Gold, 2017). Though there are many
principles identified for assisting human resource managers but all these principles require a
creative application for getting the maximum benefits out of them. The main purpose of human
resource function within any organisation is to recruit the right kind of people and adopt
strategies which help in improving their efficiency so as to meet the organisational goals and
objectives.
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Purpose of Human Resource Management:
Human resource management and its functions help in achievement of organisational
goals and objectives by directing the efforts of individual employees towards these goals
achievement and making sure that employees are performing to the best potential and
organisational productivity is enhanced at every stage of operation. Workforce planning refers to
the objective of hiring the right skills at the right time and place so that the individual and
organisational needs of Waitrose can be fulfilled. It aims at alignment of individual interest with
organisational interest (Brewster and Hegewisch, 2017). The primary objective of Human
resource management for any organisation is to boost the employee productivity in the company
and increase the job satisfaction for employees which helps in increasing employee retention rate
for the company. Purpose of HRM involves maintaining good employee relations, motivating the
workforce, compliance with labour laws, effective selection of candidates best suited for
company’s job and task requirements, ensuring performance management of the employees
etcetera. It can be concluded that fundamental human resource management translates to
managing the most important resources i.e. employees of an organisation which ensures
optimum utilisation of every other resource and dervices a competitive edge for the business
organisation.
The major functions of human resource management of Waitrose ltd. related with workforce
planning and resourcing includes:
Recruitment:
One of the most important function of human resource management includes recruitment
and selection of people according to the workforce requirement of the organisation. Human
resource managers have the responsibility of providing the organisation right people with the
right skill set at the right time. The human resource manager of the Waitrose ltd. undertakes the
appointment of staff and employees by making a plan to determine the kind of skills and talents
which are required by the organisation and evaluating the various alternative sources of
recruitment (Cascio, 2014). Effective recruitment helps in achievement of organisational goals
and objectives since every other resource is to be utilised by the human resources of a company
and human resources are the face of the company for the outside world and business
surroundings.
Training & Development:
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