Unit 47 Human Resource Management HND Business Level 5 BTEC Regent College

Task 1

P1 Purpose and functions of HRM that applicable for workforce planning and resourcing

Human resource management department in a company plays a very crucial role as it provides with every possible basic facilities that are required in order to operate business operations. HRM helps an organization in making proper strategies so that firm can implement these in adopting innovation, increasing the power of productivity and sales etc., thus, it can be said that the department of human resource management is considered as an important assets because it assist them in taking company towards a better position (Albrecht and et. al., 2015).

Purpose of Human resource management

Human resource management plays many roles but the main purpose of this department is to develop a bridge between line management and workforce of company. A large organization like House of Frazer follows management that contains many levels. Therefore, HRM is a need for a company and protects the rights of workers.

Internal Customer management: There are many key purposes that are performed by human resource management. Productivity of a company completely relies on employees’ qualities that are hired by this department (Bondarouk and Ruël, 2013). They rectify the process and policies that are necessary for recruit new people and also to retain a better workforce. Human resource has a direct link with financial performance of an organization. Along with this, they decide employees’ compensation, benefits and structure of a team so as to achieve the set targets and objectives right on time. HR department plays a crucial role in maintaining a better relationship in terms of internal or external approaches between organization and customers. 

Laws: There are certain rules and regulations formulated by federal and state which are to be followed by the HRM department. This incorporates laws like how a company can hire and terminate employees. For example: if a company is hiring a union labour, than it is necessary that human resource management have a proper knowledge and understanding of labor relations and negotiations. Thus, these laws help company in formulating and structuring employment contacts. Human resource management makes sure that Equal Employment Opportunity is provided to employees who are working in an organization. They also ensure that a safe workplace is given to occupational workers so that all the tasks are performed in a better way. 

Metrics: A good human resource management communicates with employees working at different levels. Their prime duty is to work on strategic, plan b budget and look out for performance goal (Bratton and Gold, 2017). Therefore, they make use of metrics in order to analyze the cost so as to make company efficient at all levels. 

Cultural Sensitivity: Human resource management is solely responsible for maintaining cultural awareness in an organization. On a regular basis they monitor the performance of employees so as to maintain a proper environment in workplace. Along with this, they resolve all the issues that are being faced by employees while working in a company. In context with House of Frazer, they have managed to uphold a better workplace for their employees.