Comprehensive Report on Human Resource Management Functions & Impact

This report provides a detailed overview of Human Resource Management (HRM), defining human resources and HRM, and exploring the functions of HRM within an organization. It highlights the importance of HRM in bridging the gap between employee performance and organizational objectives, contributing to overall success through strategy management, favorable working conditions, and improved employee relations. The report also traces the evolution of HRM from managing slaves and serfs to modern employee management, and examines the external factors, such as technological changes, workforce demographics, and economic environment, that impact HR activities. It concludes by emphasizing the critical role of effective human capital management in ensuring successful business operations, especially in unpredictable situations like the COVID-19 pandemic, which has significantly altered work environments and employee well-being.

Managing People

Table of content
 Introduction
 Definition of human resource and HRM
 Functions of HRM in TESCO
 Importance of human resource management
 Evolution of human resource management
 External factors that impacts the HR activities
 Conclusion
 References

Introduction
 Human Resource is the essential part of every business and
plays a crucial role in conducting all the activities of the
business.
 Human resource management helps an organization to recruit,
hire, select and manage people working in an organization.
 Its main objective is to identify wants of people working in an
organization and improving their performances to efficiently
achieve organizational objectives.

Definition of human resource and HRM
 Human resources are the combination set of people who work
together in order to achieve certain goals in particular to an
organisation.
 Management of an organisation performs five basic functions
that are related to the planning, organisation, directing,
controlling and staffing.

Functions of HRM in Moonpig
 Moonpig is an internet based business of selling personal
greeting cards, it is headquartered in London Guernsey and
established in the year 2000.
 The organisation has a workforce of approximately 500
employees, which means that it performs its functions of
planning, organising, staffing, directing, controlling,
coordinating and budgeting for HRM.

Continue
To control and manage the workforce and manpower Moonpig
managerial performs various function which are given below:
 Estimating Manpower requirement
 Recruitment
 Selection
 Placement and Orientation

Continue
 Training and development
 Performance Appraisal
 Promotion and Career Planning
 Coordinating

Importance of human resource management
HRM bridges the gap between the employees'
performance and the objectives of the organisation in
long term, medium term and short term durations.
HRM contributes to the overall success of an
organisation and brings optimised working of human
resource to achieve the growth of organisation.

Continue
The importance of the HRM in Moonpig are summed as
under –
 Strategy Management Development
 Maintain Favourable Working Conditions
 Effectiveness and Efficiency in Work

Continue
 Improves Employee Relation
 Conflict Management
 Expansion and growth
 Establish a Healthy Work Culture

Evolution of human resource management
Historical prospective of Human Resource
Management was very different than in today's
world. The ancient human resource management
witnessed the prevalence of certain other distinct
types of labourers which comprised of the slaves,
serfs and indentured labourers.

Continue
 Managing Slaves
 Managing Serfs
 Managing Indentured Labour
 Emergence of Modern Employee Management