BTEC Level 3 Diploma in Business: HRM Report and Analysis

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Added on  2020/06/06

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AI Summary
This report delves into Human Resource Management (HRM) within a business context, addressing key aspects such as internal and external factors influencing HRM planning, the identification of required employee skills, and the crucial role of employee motivation. It explores various motivational methods like performance-related pay and pension schemes, emphasizing their impact on employee performance. The report also examines how organizations obtain employee cooperation and measure/manage performance, including the importance of employee development based on performance results. Finally, it suggests ways to improve motivation within an organizational setting, offering a comprehensive analysis of HRM practices.
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In the early age, cultural aspects,
learning languages and travelling challenges restricted (Capacci, Scorcu and Vici, 2015). In 14 century Christopher Columbus sailed westward and
vasco da gama cruised to country for earn money then business
Human resource development
Human resource plays essential part in
organization, without them firm could not
exist and to operate day to day operations
HR is required, without them it is
impossible. It is important to perform well
in market which will help them in staying
for long period of time
Performance related pay – This type of motivational
method allows for a successful, hardworking employ
to receive a benefit for their motivational attitude and
extended dedication to an organization. For example,
within specifically, if an employee was to sell 40%
more stock than expected and show a positive attitude
whilst doing so this company is likely to reward them
with cash related bonus alongside their monthly
check.
Pension schemes – This type of will motivate staff
specifically aware of their financial stability after
work.
enjoy a possible indulgent life during retirement.
particularly has an award winning pension scheme
which will allow for their staff to be greatly
motivated.
Corporate clothing Many companies may not
realize the full benefit of corporate clothing. Having a
specific dress code and uniform for a job will affect
the performance of an employee greatly.
Within all businesses it is important to ensure
all staff is motivated and performing to the
best of their ability. Motivation is defined to
be the type of work ethic that ensures
employees are interested and committed to
the job role they are in and work to meet the
necessary targets of the organization. This will
affect sales, manufacturing, activity and
atmosphere of the business positively which
makes motivated staff an essential for all
businesses.
Motivation within - Just like many other
businesses, it will use different tactics to
stimulate motivation within their staff. Most
are financially based and perk packages
offered for specific scenarios.
INTRODUCTION
SOLUTION
From the above report, it can be concluded that there are
various factors which influence human resource planning
like budget, organization structure, political etc. There are
various ways by which employees can be motivates such as
by giving them performance related pay.
CONCLUSION
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