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Functions and Purpose of HRM

   

Added on  2023-01-18

22 Pages7630 Words98 Views
Human Resource
Management
Functions and Purpose of HRM_1
Table of Contents
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
P1) Functions and Purpose of HRM Applicable to Workforce Planning and Resourcing.........3
P2) Strengths and Weaknesses of Different Approaches to Recruitment and Selection............4
M1) Explain & identify the HR functions to fulfil business objectiveS.....................................5
M2) Evaluation of Strengths and Weaknesses of Approaches to Recruitment and Selection....6
LO 2.................................................................................................................................................6
P3) Benefits of Different HRM Practises for Employer and Employees....................................6
P4) Effectiveness of Different HRM Practises in Terms of Raising Organisational
Productivity and Profitability......................................................................................................7
M3) Different Methods Used in HRM Practises.........................................................................9
LO 3.................................................................................................................................................9
P5) Importance of Employee Relations in Respect of Influencing HRM Decision Making......9
P6) Key Elements of Employment Legislation and Impact of HRM Decision Making Process
...................................................................................................................................................10
M4) Identification of Key Aspects of Employee Relation Management and Employee
Legislations...............................................................................................................................11
LO 4...............................................................................................................................................12
P7) Illustration of Application of HRM Practises in Work Related Context............................12
M5) Provide a Rationale for the Application of Specific HRM...............................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
Functions and Purpose of HRM_2
INTRODUCTION
Human Resource Management is that branch of an organisation which is associated with
the acquisition, maintenance and all employee related works which are to be performed in an
organisation (Vining, 2019). With the help of this branch or department, it has made possible to
make proper maintenance of human resource in an organisation. The company chosen for the
completion of this assignment is Holiday Inn which was founded in the year 1952 and is
headquartered in Buckinghamshire, London. The company provides their customers with
different types of services related to food and accommodation, lodging and many more with the
help of which satisfaction is provided to the customers. In this report, the discussion will be
made about purpose of HR Functions, strengths and weaknesses of different approaches to
recruitment and selection. In addition to this, the discussion will be made about the benefits of
different HRM Practises for employer and employee along with their effectiveness as well.
Further, the discussion will also let cover importance of employee relations in influencing HRM
Decision making process along with key elements of employment legislations and their impact.
Lastly, the discussion will be made about application of HRM Practises in work related context
with the help of examples.
LO 1
P1) Functions and Purpose of HRM Applicable to Workforce Planning and Resourcing
There are different functions which are performed by an organisation such as Holiday Inn
for their employees and the organisation as well. According to Peter Boxall, John Purcell, and
Patrick M. Wright, 2019, the main purpose of HRM is related to proper maintenance of human
resources in an organisation and work for the betterment of employees so that they could be
sissified from the job role and could be retained in the organisation for a long period of time.
Employees are the most important asset for an organisation and for their maintenance and
effective performance it is important for the companies to make sure about their satisfaction from
the job role performed by them (Turner and et. al., 2019). The description of some of these
functions has been provided as under:
Compensation and Benefits:
Employees deliver their services to the organisation for which they are hired and for these
services, the employees are paid. So the decision of providing compensation and benefits to the
Functions and Purpose of HRM_3
employees is also taken by the HR Department that which amount is needed to be given for their
works which will satisfy them and also be beneficial for the company as well. The purpose of
this HR Function is to retain employees in the organisation for a long period of time and
providing them satisfaction regarding their job role. Some of the main functions of HR
Department of HR Function
Recruitment and Selection:
It is the process where an organisation hires employees for the effective running of an
organisation for the different posts vacant in an organisation. HR Department of Holiday Inn also
performs this function as well. The main purpose of this function is to make sure that
organisation's working in not effected because of shortage of employees.
Training and Development:
Training relates to professional development and on the other hand development relates
to personal development. These are programmes such as Training and Development Programmes
provided to employees. This work is also associated with HR Department of Holiday Inn to
provide their employees with Training and Development Programs so as to increase their
performance. The purpose of this HR Function is to make improvement in the efficiency of
employees and maintaining good working environment of the organisation (Stewart and Brown,
2019).
Rewards:
Other financial and non financial benefits provided to employees apart from their salary
for their work. The decision about providing the rewards to employees also depends upon the HR
Department. The purpose of this HR Function is to make maintain and increase dedication level
of employees for the betterment and growth of the organisation.
P2) Strengths and Weaknesses of Different Approaches to Recruitment and Selection
Recruitment is the process of hiring effective and talented employee for the organization.
In order to get best employees the companies follow different approaches of recruitment which
are as follows:
Internal job postings: it is a process where manager create a job opportunity for the existing
employees who had worked with the company in past and familiar with the policies and
environment of the organization.
Functions and Purpose of HRM_4
Strength: Internal job postings saves the time and cost of the company and also help to
gain employee loyalty.
Weaknesses: The risk of the company is increase as sometimes employee did not bring
new ideas for the organization.
Social media postings: nowadays, companies using this medium to hire employees. Social
media gives more information about a person rather than get it from a traditional way that is
Resume.
Strength: it help companies to reach large number of candidates at a time. it is easy and
inexpensive method. In addition to this, manager get to know about the behaviour of candidates
easily by their social media posts , tweets, comments and so on.
Weaknesses: Sometimes the information on social media is not correct so it is difficult
for both the recruiter and the candidate to measure the personality (Schermerhorn and et. al.,
2019).
Approaches of Selection
Some of the approaches used by the companies in selection are as follows:
Interview: It is a method in which the conversation take place between the employer and the
candidate in order to know whether to hire or not hire the applicant.
Strength: Interview is an easy and cost effective method of selection. It increase the
knowledge of both the interviewee & interviewee as they exchange their ideas and views.
Weaknesses: There is no record of what is discussed in the interview and sometimes
creates confusion in the mind of interviewer.
Aptitude Tests: Aptitude test measures the abilities and potential of a candidate. It includes
verbal ability, numerical ability, spatial ability and so on.
Strength: it helps managers to know the suitability of the candidate and also helps in
selecting better person who can effectively perform the task of the organization.
Weaknesses: The inferences perceive from aptitude test might not be right or correct.
The unreliable outcomes will arise if it is judged by an incompetent person.
Best Fit Approach to Recruitment and Selection:
M1) Explain & identify the HR functions to fulfil business objectives
The main objective of every organization is to earn high profit and this can only be
achieve by the effective employees which is hired by the Human resources of the company.
Functions and Purpose of HRM_5
Managing employees according to the company objective & goals takes place with the help of
HR. An organization can only survive if their performance is high, Human resources motivate
employees by giving them promotion, bonus, incentives in order to maximize the performance
of their workers (Poór and et. al., 2019). With reference to Holiday, the HR of the company
analyse the needs of their employees so that it can be fulfilled and better results can be achieved.
In addition to this, the company gives incentives, appraisal, bonus, promotions to the employees
of their good performances. It influence and motivate employees to work with full efficiency
which leads to better outcome and increase in profits of the Holiday Inn.
M2) Evaluation of Strengths and Weaknesses of Approaches to Recruitment and Selection
The suitability of these approaches depends upon the organisation such as their processes,
size or scope. For example, for small scale organisation, the use of local newspaper
advertisement will be best which will be economical and effective for it. In this way, it is
important and beneficial for companies to evaluate first about the use of approaches to
recruitment and selection before making use of.
LO 2
P3) Benefits of Different HRM Practises for Employer and Employees
There are different HRM Practises which are being followed in an organisation. With the
help of these HRM Practises, it is made sure that there is a good relationship in between the
employees and management of the company. The possible HRM Practises that could be adopted
by Holiday Inn in their processes for managing the interest of both employees and employer in
the organisation is provided as under:
Flexible Working:
However, the working of an organisation is rigid as there are shift timings in which
employees needs to come and complete their provided tasks. But sometimes, there arises some
situations in which employees are not able to work according to the working hours of their
organisation (Munasinghe, 2019). So by providing their employees with facility of flexible
working hours, it will be possible to create a good image of company in the minds of employees.
The benefit with this HRM Practise for employees will be that their personal work could be
resolved along with office work as well. Along with this, employer benefits includes about
maintenance of good relation with employees for long period of time.
Functions and Purpose of HRM_6

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