Explain the purpose and the functions HRM, applicable to workforce planning and resourcing in a company of your own choice.

Unit 03: Human Resource Management

Introduction:

Human resource management (HRM or HR) is the strategic approach to the effective management of organization workers so that they help the business gain a competitive advantage, Commonly known as the HR Department, it is designed to maximize employee performance in service of an employer`s strategic objectives.

Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization`s employees. HRM is often referred to simply as human resources (HR).

Completion of this assignment will address the following learning outcomes:

1

Explain the purpose and the functions HRM, applicable to workforce planning and resourcing in a company of your own choice.

2

Explain the strengths and weaknesses of different approaches of recruitment and selection used in a company of your own choice.

3

Explain the benefits of different HRM practices within a company for both the employer and employee.

4

Evaluate the effectiveness of different HRM practices in terms of raising your companies profit and productivity.

Task:

Title: HR in Practice

Selecting an organisations of your own choice explain the purpose and functions of HRM linked to workforce planning and resourcing. You should consider defining HRM, go into detail regarding their main functions, hard and soft models of HRM and then how these link to workforce planning, PESTLE and the labour market. This should be followed by reviewing the pros and cons of different approaches such as internal and external methods of recruitment.

You then need to go into detail regarding different practices of HRM for both the employer and employee regarding learning, development and training, differentiating development and training.

Identifying training needs.

Finally you should state the pros and cons of the effectiveness of different HRM practices in terms of raising the companies’ profits and productivity, which may include Job and workplace design

Reward management: extrinsic and intrinsic rewards from work. The link between motivational theory and reward and Series of job design-job extension techniques.

You are required to produce a poster where the word count will be 1500 (+ / - 10%) and attend a short 10 minutes Viva where you will be questioned on the content of your submission. The assessors may wish you to elaborate on some of the details you have included in your poster.