University of Liverpool: Personal Development Portfolio - HRM

This personal development portfolio delves into the relationship between Strategic Human Resource Management (HRM) and effective business decisions, highlighting how HRM practices contribute to organizational efficiency and competitive advantage. It emphasizes the application of HRM principles across various sectors, particularly within the banking industry, focusing on workforce stabilization, skill enhancement, and adaptation to evolving organizational needs. The portfolio examines key HRM practices such as promoting positive behavior, employee development, and building workplace flexibility. Ethical and cultural considerations within HRM are also addressed, including diversity, equal opportunities, and conflict resolution between organizational culture and ethical conduct. The reflection confirms the positive impact of the HRM module on improving key skills, emphasizing the role of an effective HR team in policy execution, procedure implementation, and workforce motivation. Desklib provides access to similar solved assignments and study resources for students.

Running head: PERSONAL DEVELOPMENT PORTFOLIO
Personal Development Portfolio
Name of the Student
Name of the University
Author Note:

1PERSONAL DEVELOPMENT PORTFOLIO
Links between Strategic HRM and effective Business Decision
Various organization around the globe are becoming very efficient and productive in
nature. The main success of organization is all about achieving global and advanced
technological ideas (Upadhyay et al. 2016). For becoming more efficient in nature, the
organization needs to focus on some of the important assets. Strategic management is all about
dealing with new kind of intervention which helps the people to develop customer behavior that
is competitive advantage. Strategic business process can easily help the organization for
discovering new things and focus on ways of conducting business. Human Resource
management can be stated as a set of activities which has been developed for organizational
performance. Making use of strategies and planning of HR activities are considered to be
important for various business entities. It is needed for overall improvement of the employees.
HRM module in Banking Industry
Human Resource Management can be easily applied to each and every sector. This
particular project is applied to banking sector (Zaman and Alam, 2016). Human resource in
banking sector is considered to be a well-known concept of Human resource along with
management. HRM in banking sector is mainly needed for large number of things like
Stable labor Force: HRM based programs are needed for creating stable, efficient,
skilled and matured manpower. It is needed by banks in different aspect of time that is future and
present period of time.
Updating quality of manpower: HRM based module is needed for updating the overall
manpower with the developing and changing needs of Bank. Even vaccines at much higher level
can be easily filled up internal training programs of HRM module.

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Steps were taken for applying coursework to workplace
Human Resource management mainly focuses on large number of practices which is
needed by managers and HR workers (Sulochana and Sajeewanie, 2015). It focuses on
automated system by which an individual can managed people in more effective way. Some of
the practices of HRM are hiring, firing, payroll and employee benefits like
 Promoting Positive Behavior
 Developing Employees
 Building flexibility workplace
 Motivating workers.
Ethical and Cultural Issues for HRM Module
Human resource managers need to hire employees who can easily fit into the culture of
the organization (Berber, Đorđević and Milanović, 2018). They need to keep a track on both
diversity and equal opportunities. It mainly focuses on both legal and ethical practices. HR
managers need to solve the conflicts that can arise between demand of organization culture and
ethical behavior
 Harming Some While Benefitting the others
 Equal Opportunity
 Privacy
 Compensation of Skills.
Review
Yes, I have reviewed that this HRM module has helped in improving key skills. HR
management is an important part of any organization. For proper effectiveness Human resource

3PERSONAL DEVELOPMENT PORTFOLIO
team needs to be expert in certain number of domains. HRM module is needed for diversifying
different aspect for employee career and recruitment to different aspect of job. Effective human
resource team help in execution of certain policies and procedures. HRM module helps in
motivating workforce and production.

4PERSONAL DEVELOPMENT PORTFOLIO
References
Berber, N., Đorđević, B. and Milanović, S., 2018. Electronic human resource management (e-
HRM): A new concept for digital age. Strategic Management, 23(2), pp.22-32.
Sulochana, K.A.B. and Sajeewanie, T.L., 2015. The Impact of HRIS on HRM Effectiveness: A
Study in Large Scale Group of Company in Sri Lanka. Human Resource Management
Journal, 3(1).
Upadhyay, S., Kathait, A., Chavan, A. and Kathale, S., 2016. HRM Portal. International Journal
of Engineering Science, 3958.
Zaman, M.E. and Alam, T., 2016. HRM Solution (Doctoral dissertation, East West University).