Human Resource Management Report: AON Company Case Study Analysis

This report delves into the multifaceted world of Human Resource Management (HRM), examining its purpose, functions, and practical applications within organizations. The report begins by elaborating on the core functions of HRM, including planning, organizing, staffing, directing, and controlling, with a specific focus on workforce management. It analyzes the strengths and weaknesses of different recruitment and selection approaches. The report then explores the benefits of various HRM practices, such as performance appraisal, career management, and training and development, from both employee and employer perspectives. Furthermore, it evaluates the effectiveness of these practices in terms of organizational profitability and growth. The analysis extends to the importance of employee relations and the influence of employee relations on HRM decision-making, alongside an evaluation of key aspects of employee relation management and employment regulation. Finally, the report considers the impact of employment regulation on HRM and provides examples of how HRM practices are applied in a work-related context, with a case study on the AON Company.

Human resource management
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Contents
INTRODUCTION:..........................................................................................................................3
TASK 1............................................................................................................................................3
P1. Elaborate the purpose and the function of Human Resource Management which applies on
workforce.....................................................................................................................................3
M1. Access to analysing of function of HRM can generate the talents and skills appropriate to
fulfil the business objective.........................................................................................................4
P2. Describe the strength and weakness of different approaches regarding recruitment and
selection.......................................................................................................................................4
TASK 2............................................................................................................................................5
P3 Brief the benefits of different Human resources practises within the organisation in the
perspective of employee and employers......................................................................................5
M3 Elaborate different methods used in Human resource practises by provide the examples
which support evaluation in the organisation..............................................................................6
P4 Evaluate the effectiveness of different HRM practises in terms of raising profits to the
organisations................................................................................................................................6
TASK 3............................................................................................................................................7
P5 Analysing the importance of employee relations in respect to influence the Human
Resource Decision making..........................................................................................................7
M4. Evaluate the key aspects of employee relation management and employment regulation
which affects Human Resource Decision making in the perspective of organisation.................7
P6. Analyse the key element of employment regulation and impact on Human Resource
Management................................................................................................................................8
TASK 4............................................................................................................................................8
P7. Construct the application of human resources management practices as in work related
context, by using specific examples............................................................................................8
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M5. Facilities a rationale for the application of specific Human Resource Management work
related oriented............................................................................................................................9
CONCLUSION................................................................................................................................9
INTRODUCTION:
A human resource management is key important in the organisation as to manage the
managerial activities with the techniques of management tools like Planning, directing,
organising, staffing and controlling by these the organisation balanced in terms of workforce and
other managerial activities. Human resource is also used to describe about the both part of
employees who work for the organisation and department, it generates the hierarchy as in
position which come from the performances by employees as well as it involves in grievances
maintain and solved of employees where they are satisfied in the organisation. AON company is
the largest and global multinational financial service business firm which deals to selling of high
range of financial risk products to the companies where they can solve their problems which
related to financial segments such as insurance, pension, administration and health insurance
plans. The founder of Aon company is Patrick Ryan, where the headquarters is located in
London, United Kingdom. They having a effective Human resource capital consulting which
process of provides the solution of financial capital and consulting with companies regarding
with their issues which faces by due external and internal environment , as they work globally
and their clients are basically from privates companies as well as public where they targeted their
customers who relates with trading of financial products.
TASK 1
P1. Elaborate the purpose and the function of Human Resource Management which applies on
workforce.
The role of Human resource Management in organisation is to maintain the workforce
with the help from the function of Human resource by Planning, Organising, Staffing, directing
and controlling. Human Resource is process of recruiting, selecting and training to the
employees and maintain the man force power towards the organisation as well as it reflect the
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wealth of the organisation also. The Planning and resourcing of an organisation is to recruiting
and selecting the candidate in the context of skills and knowledge where an effective human
resource manager scrutinizing the credentials of a particular in that way where they can hire a
potential and skilled workforce which can be valuable for the organisation, tehre is another
theory at the time of hiring that is a wrong selection of candidate can huge penalised in terms of
negative cost incurred as workforce towards the organisation. Similarly in the AON Company
there have separate human resource consulting department where they focuses on those
candidates which are having proper skills and knowledge of basic financial terms, because they
are hiring the workforce for the long term purpose which can be valuable assets for the
organisation.
M1. Access to analysing of function of HRM can generate the talents and skills appropriate to
fulfil the business objective.
The effective scenario of Human resource function which generate the talent and skills to
accomplish the business objective can be pursued by as creating a conductive environment in
which the employees can flourish their skills and give their efforts to accomplish the particular
task, by supporting the organisation to attain veritable types and employees in which they can
work according to the compliance format and attain the strategic and operational goals of a
organisation. It also help to balanced the relationship between the employee and employer as
harmony where they coordinate with each other and work according as the perspective to the
organisation, reduce the conflicts and helps to design the job role for the particular workforce.
Certain other function which having a important role such as promotion, transfer and incentives
which bring the high quality of staff within the organisation. Human resource management
shares the mission, vision and core values of an organisation with respective employees to make
introducing the work value of organisation which is called induction that gives a opportunity to
develop the knowledge which can fulfil the business objective.
P2. Describe the strength and weakness of different approaches regarding recruitment and
selection.
There is always a pros and cons for particular object or activity while conducting and
expecting as the favourable outcomes, same as for recruiting and selection having a positive and
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negative phase. The recruitment and selection is very sensitive as many mangers of organisation
need to hire new employees and this process of Human resource activity is strict monitored
aspect of hiring for the right candidate which can be beneficial towards the organisation, where
the weakness of the recruiting and selection is comprises the time taken and long process to
analysing the candidate at time of interview as well there is negative decision would be happen if
the hiring of candidate reflect unsound or unfavourable to the organisation long term perspective,
As for the Aon company the Human resource department having a responsibility to selecting the
candidate by monitored of strength and weakness of recruitment and selection.
M2. Scrutinised the different approaches of strength and weakness in context of recruitment and
selection.
The Recruitment process can be applied in many ways a in internal and external
recruitment where the internal recruitment consisting hiring is within the organisation and
external hiring of candidate through references from outsiders so having this types of recruitment
creates the policies of hiring and evaluation of particular credentials while processing of
screening and selecting qualified people for job at an organisation. Selection is the process of
choosing the candidate who is right and suitable for the particular job role and fits for the
organisation, So the approaches for recruiting and selecting and their strength are it helps to
scrutinising the different applicants for particular job role and weakness are it takes huge time
duration and wrong selection can be a possibility.
TASK 2
P3 Brief the benefits of different Human resources practises within the organisation in the
perspective of employee and employers.
The effective Human Resources practises motivates the employees for work which
improves the employee’s morale as well as the organisational performance, it also flexibles the
job role and responsibilities. The best practises of Human resource management which generates
the benefits towards employees and employers as in performance appraisal, career management,
promotion, transfer etc, where the major benefits of HRM is focuses into performance appraisal
where it considered with performances of employee and employer on that basis their benefits are
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determined and career management is give a platform where an employee an employer can
create their career plateaus where it develop and furnish employees and employers career inside
the association. Training and Development is also a key element of Human Resource practice
where the human resource manager provides trainer who makes the employee understand and
motivates towards the organisational goals.
M3 Elaborate different methods used in Human resource practises by provide the examples
which support evaluation in the organisation.
As the different method of Human Resources practises in the organisation for betterment
for employees and employer. For example Aon Company which deals financial products at
international market their Human resource management practises is very effective in terms of
maintain the workforce and provides the platform to employees and employer where they can
perform and provides valuable outcomes, training and development by efficient trainers provide
to improvised skills and knowledge to employees and employers by which the evaluation criteria
will be flexible towards the Aon Company and they invested money to their efficient employees
and employer for the long term perspective which they can retain them also. In fact every
organisation provides the opportunity where the employee can perform better, the Employe
Engagement is an activity which is helps to engaged to employees as a fun at work, it helps to
minimise the stress and workload pressures by which employees get involve and they represent
their creativity, same as performance appraisal is generates the platform where the employees rae
free to share information, views about his /her peers, superiors, as well organisation.
P4 Evaluate the effectiveness of different HRM practises in terms of raising profits to the
organisations.
The effectiveness of Human resources practises which provides the productivity and
profits is happen when the Human resource practises having influence into policies employee
productivity. High performance employees can give the outcomes which increase the
organisational growth as well as the productivity of particular employees, effective training
practises can bring the productivity in employees performances as well as the talent management
or Talent Acquisitions plays an important role in the organisation this the most prominent
practises in the Human Resource Management where it helps to identify the high potential
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employees which can generate the positive outcomes to the organisation. Similarly, Aon
company creates the environment of the work culture by upgrading the Human Resource
Practises in terms of hiring the potential employees and provide them training where they
develop their skills and by which they deliver their efforts for accomplish the goals of the
company which directly increase the productivity and profits.
TASK 3
P5 Analysing the importance of employee relations in respect to influence the Human Resource
Decision making.
There is a necessity of healthy relation among peers which brings the work flexibility as
well as it will working environment scenario as in positivity in the organisation. The healthy
relationship between employees and their superiors can bring the coordination work in better
way which generates the productivity as will give an positive impact on decision making in
terms of projects otherwise there would be conflicts which can affect the relation of employees
and superiors. Participation in the decision-making process which give an opportunity to each
employee to share views opinions as well as knowledge with others while this improves the
employee’s relation as well as improves the Human Resource Management decision making. As
in Aon company focuses on the better employee relation with their superior that can bring
positive work environment in the company as well as the Human resource practises of company
provide guidance of behaviour and attitudes in regarding with peers and clients.
M4. Evaluate the key aspects of employee relation management and employment regulation
which affects Human Resource Decision making in the perspective of organisation.
The employment regulation provides the structure of the employee and employer
relationship. The major employment regulation can affect the human resource in terms of
(employee rights which is comes under 1996), it states the right of employee have to be
applicable in every organisation. But these rights can affect the Human resources decision
making through if they are not allowed to share any views or though or if Human Resource
department of particular company is not efficient enough to solve the grievances can give an
negative impact towards the organisation and it will decrease the growth. Remuneration and
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wages should be provided as per the workforce there is chances of having the conflicts between
employees as well as superiors
P6. Analyse the key element of employment regulation and impact on Human Resource
Management.
The Human Resource Management having a contribution in compliances which develop
the work procedure as well as it provides the systematic work regulation such as:
 It provides the equal platform of employment to everyone in terms of Jobs
 Human resource management facilitates the all rules and regulation, grievances solution
which are applicable in working environment such as Sexual Harassment, bullying etc
which improvised and secure 0the organisation internal environment.
 Performances appraisals provides to each and everyone who are part of the organisation,
as well as it also allows to recognition of work to those who are contributing towards
organisation welfare.
 There is some acts and rights which compiled by government such as employment Acts,
Employment right Act, payment of bonus, payment of gratuity, Superannuation etc.
 It helps to improvising the performances of employees who are not able to contributes
towards the organisation where they can develop their skills through Training and
Development by Human Resource Management.
So, these are factors which determine the employment regulation impact on the
Human Resource Management.
TASK 4
P7. Construct the application of human resources management practices as in work related
context, by using specific examples.
Human Resources Management involves practices utilised by managers and Human
resource worker and technologies which operated the Human resource activities manage people.
As in Aon Company they have technologies which practises of Human resource management in
Recruitment, Selection, training and development which bring the engaged work environment as
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well as better coordination for examples: performance management, payroll practices, hiring,
firing and employee benefits administration there will no better coordination if there would no
Huma resource practises. They introduced work on promoting the high potential employees who
are valuable to the organisation, and developing those applicants who are not able to understand
the work as well as their performances are not meeting up to the objective by providing effective
training and development with motivation to encourage the particular employee morale, it
building the workplace flexibility by providing the guidance of work according as in
compliances way.
M5. Facilities a rationale for the application of specific Human Resource Management work
related oriented.
The applications of particular Human resources Management relates with work oriented
it basically refers the function to utilise for attract and retain the potential staff in the
organisation. It encourage the worker to motivate the employees for pushing their efforts in their
workforce by which their outcomes will generates the productivity in terms of profits, growth of
the company. Better outcome will aloows the opportunities of gaining rewards and other
incentives which give sense of accomplishment and increase their job hierarchy. According
Maslow Hierarchy Need theory is states that the particular person is full satisfied when his or her
need meet up to expectation now as in terms of managerial in organisation an employee gets a
reward on the basis of the overall performance which contributes for particular objective where it
it increases the Self-Esteem as in professionalism.
CONCLUSION
The above theory of Human resource management is concluded about the importance of
Human Resource practices in the organisation in terms of work related, decision making,
employment relation, regulation as well as compliance oriented process which manage the
structure of organisation internally as well as externally with planning, organising, directing,
staffing and controlling. Human resource management is basically provides the resources which
are needed to the organisation weather it related to workforce, performance appraisals or training
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and development it work as a backbone for a particular company which contributes the wealth
and development the structure.
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