Presentation on HRM Best Practices and Their Impact on ALDI

This PowerPoint presentation provides an overview of Human Resource Management (HRM) practices and their significance within ALDI. It highlights the essential functions performed by HR managers, such as recruitment, hiring, and employee motivation, emphasizing their role in fostering a positive work environment and improving staff performance. The presentation delves into seven key HRM best practices, including employment security, selective hiring, extensive training, contingent compensation, self-managed teams, and talent acquisition. Each practice is explained in detail, with examples of how ALDI can implement them and the potential benefits, such as increased employee satisfaction, enhanced productivity, and improved organizational performance. The presentation concludes by summarizing the vital role of HRM methods in running an organization effectively and creating a healthy work environment that benefits both employees and employers, ultimately leading to enhanced organizational performance.

Power Point Individual

INTRODUCTION
Human resource management is important division of an organisation manager
performing HR activities are necessary for easy as well as smooth running of business and result
in improving performance of staff members. There are some essential functions which is
performed by human resource manager such as recruiting, hiring, motivating as well as building
good atmosphere working for personnels. This power point presentation is designed for
explaining advantages of HRM method within ALDI.
MAIN BODY
Best practices are set of different Human Resource management processes as well as
actions which work at universal level. In HRM there are mainly two schools of thoughts which
explains how staff members can be manage within organisation. First practice is best fit and
second is best practices. Moreover, there are several best practices which have shown to leading
superior performance for an ALDI. If HR manager of respective organisation will implement
such practices in better manner then it will result in adding substantial values for business as well
as its goals. There are 7 HRM best practices explanation of these are as follows :-
 Employment Security - This is first HR best practice which says that there is social
contract within company and its personnels. ALDI ask their staff members to do work,
share their latest ideas and commit to the company. Implementing of such practices result
in various benefits for ALDI such as providing job security to staff member's, control
employees turnover ratio, also result in improving image of ALDI at global level
 Selective Hiring - It is also necessary practice of HR manager of the company because it
is their responsibility to hire best candidate out of several job seekers. It is the
responsibility of HR to choose the suited staff members for the vacant job position within
ALDI. In Respective firm manager use to do their intense best for recruiting such persons
who are willing to add value in the organisation. If ALDI implement this practices there
will be several advantages such as candidates with new talent will be hired which result
in more production and generating revenue.
 Extensive training – As per the respective best HRM practices an organisation have to
invest more and more amount is organising training and development session for their
staff member's. Because extensive training will assist in rising the effectiveness of current
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staff member's along with this help in making new employer familiar with the working
procedure as well as condition of organisation. In case if ALDI will hire the best suitable
candidates then it is responsibility of Human Resource manager to provide proper
training and development session. So that, chosen personnels will remain frontrunner in
the respective area. It is responsibility of HR Manager to ensure that staff members will
be aware about the policies as well as functions of respective company. Moreover, with
the help of training sessions employees will get proper knowledge about the techniques
and technologies used within company. Following will are the benefits which will be
gained by ALDI after implementing respective best HRM practices such as: Extensive
training will result in enhancing job satisfaction and boosting up morale employees which
gives better result to ALDI.
 Contingent Compensation - It is one of the crucial Human Resource management best
practice which is entirely related to benefits of staff members as well as compensation. In
simple term it can be said that, if ALDI is hiring right candidate who is suitable for job
role the company have to compensate them above average . Because thee are the
candidates who will add more value so HR manager have to make sure that fair amount
according to their work will be paid. There are different benefits of this methods if ALDI
introduce in their functioning: encourage new employees to do work more effectively
which will be beneficial for both company and employees. Because employees will gain
extra rewards as well as association will generate more and more revenue.
 Self managed and effective team – This is an HRM practice which is related to building
effective team by combination of different skills and knowledge employees. So that,
assigned task or any project will be completed on time and result in increase the
proficiency of ALDI. Moreover, after making decision related to compensation or basic
salary as well as providing required training and development session to chosen
candidates it is responsibility of HR manager to make member a valuable part of
respective firm. This will assist in developing self managed as well as effective team
which will work for advancement of organisation performance. If ALDI are planning to
implement this best practices of HRM these are the primary benefit: effective team
building will result in accomplishing particular task or project on time. Along with this
effective team will help in enhancing productivity and generating revenue.
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 Talent Acquisition – It is major best practices of HRM because this is related to finding
as well as acquiring of skilled candidates for fulfilling requirement of company and fit for
vacant position. Moreover, talent acquisition not refer to hiring common personnel but
refers to the hiring of manager, HR professional, sources and so on. There are some
advantages of respective HRM practices in the case of ALDI such as: easy and smooth
flow of organisation by hiring suitable manager, HR professional or any other required.
CONCLUSION
After going through above presentation it has been identified that, Human Resource
Management methods play vital role in running organisation systematically. Moreover, several
HRM practices as well as methods are useful because it assist ALDI in building healthy working
environment. Respective methods are advantageous for both staff members as well as employers
because it assist in developing skills and professional working so that entire performance of
organisation will be enhance within particular time period.
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REFRENCES
Books and Journal
Cascio, W.F., 2015. Managing human resources. McGraw-Hill.
Wright, P., 2018. Fundamentals of human resource management. Management, 5, p.27.
Armstrong, M. and Taylor, S., 2014. Armstrong's handbook of human resource management
practice. Kogan Page Publishers.
Jiang, K. and et.al., 2012. How does human resource management influence organizational
outcomes? A meta-analytic investigation of mediating mechanisms. Academy of
management Journal. 55(6). pp.1264-1294.
Brewster, C. and Hegewisch, A. eds., 2017. Policy and practice in european human resource
management: The Price Waterhouse Cranfield survey. Taylor & Francis.
Chelladurai, P. and Kerwin, S., 2018. Human resource management in sport and recreation.
Human Kinetics.
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