An organization is a group of many people who are working to attain a common business objective. These persons are generally called human resource who contributes their efforts to attain the goals of a company in a limited period of time (Bondarouk and Ruël, 2013). Therefore, the department of an industry which manages the entire work of employees and provides them various benefits is referred to as human resource management. HR managers perform various functions in order to introduce a high qualitative workforce in a company as well as provide them various benefits like training and development, reward and compensation, etc.
It will help in managing the workforce and retaining them for a longer period in an enterprise as well (Ehrnrooth and Björkman, 2012). This present report focuses on the importance of HRM in a firm like Morrisons which is a trading company in UK. It has more than 500 stores across the country as well as 132,000 over there. Its human resource management along with various departments helps this firm in achieving the fourth largest retailer company. Procedures and functions of management are some main highlighted point of this assignment.
P1. Importance of HRM in workforce planning along with its purpose and functions in an organization
Workforce planning refers to introduce the best-talented people in an enterprise who possess required skills and knowledge according to the company’s business operations. Therefore, human resource management in a firm performs various functions in order to recruit employees according to business needs. Along with recruitment and selection, HR managers in a company like Morrisons take many responsibilities like staffing, planning, organizing and more (Chang, Chiang, and Han, 2012). The main function is to manage people in a proper way as well as to get their work appropriately.
Functions of HRM:
Recruitment and Selection: This is the main function of managers for which they used various activities to hire eligible employees in workforce. In Morrisons, HR managers use various approaches for recruiting the best candidates
Training and Development: After hiring new candidates, managers provide essential training programs to them in order to make them able to work in a required manner. Along with this, according to change in technologies they provide training to previous employees also so that they can learn how to work on.
Compensation & Benefits: In order to encourage workers, superiors of Morrisons give compensation and benefits to employees including flexible working hours, insurance policy and more. This process would help in gaining retention of workers for longer period of time.
Healthy working environment: Every organization should provide a healthy and safe working environment to its workers (Costea, Amiridis and Crump, 2012). So, managers of Morrisons also perform various activities in order to maintain the safety of people.
Performance Appraisal: Managers also measure the performance of every individual as well as appreciate them on a regular basis by giving a bonus, flexible working hours and incentives. This process of performance appraisals helps in encouraging and motivating the employees to work hard for the achievement of a company’s success in a limited period of time.
P2. Strengths and weaknesses of approaches for recruitment and selection process
Since technology has developed so far, therefore, it gives various methods to companies to search and hire eligible employees in a proper way (Durão and et. al., 2012.). These methods include the external and internal sources to hire candidates and recruit them according to job roles in a company. Both these sources has own benefits and limitations which can be explained as:-
External source: This source use to search candidates by online procedures, campus placements, employment exchanges and more.
Internal source: These sources use to employ persons from within the workforce. It includes various methods like transferring job of employees, giving promotion or demotion to them