Table of Contents ACKNOWLEDGEMENT 2 EXECUTIVE SUMMARY 3 INTRODUCTION 4 About Company 4 BODY 5 PERSONNEL MANAGEMENT 5 HUMAN RESOURCE MANAGEMENT 6 CAUSES OF PERSONNEL MANAGEMENT INTO TRANSFORMING TO HUMAN RESOURCES MANAGEMENT 8 CONCLUSION 9 EXECUTIVE SUMMARY This project assignment has been finished to fulfill the requirement for the module title : People Management. It is an individual group assignment. From this assignment we will know about the differences between Personnel Management and Human Resources Management. For this research was performed during in March 2014 . INTRODUCTION About Company Standard Chartered Bank was formed in1969 and is a British multinational banking and financial services company. Its main headquarters is located in London, United kingdom through the merger of two separates banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. These banks had capitalized on the expansion of trade between Europe , Asia and Africa. It conducts a network of over 1,700 branches and outlets (including subsidiaries, associates and joint venture) in more than 70 countries and have been employing around 87,000 people . Although it is based on United Kingdom, it does not carry out retailing banking in the United Kingdom as 90% of its profit comes from Africa, Asia and the Middle East country. Their mission for equity research provides clients with essentially based on actionable investment ideas and deep thematic analysis. For leading Asian companies are under coverage, make them organized on a country regional sector basis, focusing on resources, financial, industrials, co... ... middle of paper ... ...of the organization meanwhile , Human Resources Management is more effective and efficient ways in managing people inside the organization. REFERENCE Sc.com. 2014. Standard Chartered Bank. [online] Available at: http://www.sc.com [Accessed: 24 Mar 2014]. Iqpc.com. 2014. IQPC Worldwide - Conferences, Events & Training Seminars for Business Leader. [online] Available at: http://www.iqpc.com [Accessed: 24 Mar 2014]. Anonymous. 2014. [online] Available at: http://www.cengagebrain.co.nz [Accessed: 24 Mar 2014]. Eurofound.europa.eu. 2014. European Foundation for the Improvement of Living and Working Conditions. [online] Available at: http://www.eurofound.europa.eu [Accessed: 24 Mar 2014]. Voices.yahoo.com. 2014. Yahoo Voices - voices.yahoo.com. [online] Available at: http://voices.yahoo.com [Accessed: 24 Mar 2014].s
Stewart, Greg L. and Kenneth G. Brown. “Human Resource Management.” Human Resource Management. 2nd Ed. Hoboken, NJ: Wiley, 2010. 590.
Wells Fargo, is an American International banking and financial services holding company. It provides banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services. In July 2015, Wells Fargo became the world’s largest bank with 8,700 branches and 13,000 ATMs. In addition, it was the second largest bank in deposits, home mortgage services, and debit cards. Wells Fargo’s main office is located in Sioux Falls, ND., and was recognized as one of the, “Big Four Banks”, which included JPMorgan Chase, Bank of America, and Citigroup.
The importance of Human Resource management is associated with the beginning of mankind. As the knowledge of survival had begun including safety, health, hunting and gathering, tribal leaders passed on the knowledge to their youth. However more advanced HRM functions were developed as early as 1000 B.C and 2000 B.C. Since the modern management theory took over, the working environment was transformed into a more friendly and safe work place. The workers were termed as most valuable resources. While some companies took the human side of employment seriously, there were others who did not find it mandatory. Hence they faced huge labor unions and factory shut downs (Henning, 2001).
Torrington, D. Hall, L. & Taylor, S. (2005) Human Resource Management. Harlow: Financial Times Prentice Hall
HRM (Human Resource Management) deals with a wide range of issues, it is difficult to determine the exact definition as it varies from organization to organization. Storey (2007, p. 3) describes it as "two main forms of existence. One is in the form of academic discourse and activity. The other is in the form of practice in organizations". Training and Development and Managing Teams are important concepts of HRM, this essay will be exploring how these two concepts of HRM contribute to the effectiveness in organization.
An organizational human resources department utilizes the hiring and firing process to meet the organization’s personnel needs. Organizational human resource departments are charged with the oversight of an organizations administration department. The practice of hiring and firing people is a process employer’s conducts on a daily basis. This process has to be done in a proper manner and not in haste. The implication that can occur from the improper hiring and firing process could and can have a positive or negative impact on an organization. Therefore, employers must carefully evaluate their decision to hire/fire individuals and its impact on the organizations’ workplace environment and others employees. Human Resource Management is important for an effective organization. In today’s organization, HRM is valuable to the organization because of increase legal complexities and its known for improvement in productivity. However, management should realize that poor human resource management could result in an outburst of hiring process followed by firing or layoffs. According to (Satterlee 2013, p. 194), “Hiring the best candidate who is also a good fit for the organization is crucial for the success of an organization, because a poor hiring decision will have repercussions across the entire organization”. Satterlee made a valid point because poor hiring could have an impact on the bottom line performance of the firm. In other words, HRM is the contributing factor to the success of the organization including motivating and maintain the staffs. The purpose to the motivation is to ensure that all employees grow to a full potential. According to (Sims 2006, p. 5), “HRM efforts are planned, systematic approaches to increasing organizati...
Human Resource management (HRM) can be defined and simplified in various ways. One definition is that HRM is to “get the right people on the bus, the wrong people off the bus, and the right people in the right seats” (Collins, 2001). The People theory is a theory in HRM that includes Recruitement and selection- two major subjects in the HRM function which concerns people and their way to a job for them.This essay will treat and discuss these two topics, recruitment and selection and their importance to the HRM function.
= = = = National Westminster Bank came into being in 1968 when National Provincial Bank and Westminster Bank merged and began trading on 1st
Fisher, C., Schoefeldt, L., & Shaw, J. (1996). Human resource management. (3rd Edition). Princeton, NJ: Houghton Mifflin Company.
It represents the Strategic human resource management (SHRM) core function like “work analysis, Job design and job analysis” defines its importance in strategies implementation in any organization. This assignment will also discuss the aspect of Human Resource department that why they are giving more edge to other functions like Recruitment and selection, Performance appraisal and Occupational health and safety. This report will also presents the today’s critical business challenges and the with coming new responsibilities for HR and why they have started to give more weightage to Job analysis and design in order to get the better output and efficiency of the organization. Moreover, Human capital is a vital factor for any department in any organization. “Hiring smart” is becoming a fashion trend for companies for their effectiveness, productivity and employee motivation as the more investment will be done in employees by the firms. It continues with the recommendations on the need of analysis and design of work and how to make employees motivated in the company.
Human Resource Management (HRM) can be defined as “the set of programs, functions, and activities designed and performed in order to capitalize on both employee as well as organizational effectiveness. It is a management function that helps organization in recruiting, selecting, and training, developing and managing
Personal Management (PM) is the outdated version of managing human resource in an organization. To resolve the conflicts of PM, a new concept was developed, which is HRM that incorporates people as the most vital resource of an organization that performs ultimately to gain competitive advantage. During 1980’s many
Human Resource Management (HRM) is fundamentally another name for personnel management. It is the process of making sure the employees are as creative as they can be. HRM is a way of grouping the range of activities associated with managing people that are variously categorised under employee relations, industrial/labour relations, personnel management and organisational behaviour. Many academic departments where research and teaching in all these areas take place have adopted the title department of human resources management. HRM is a coordinated approach to managing people that seeks to integrate the various personnel activates so that they are compatible with each other. Therefore the key areas of employee resourcing, employee development, employee reward and employee involvement are considered to be interrelated. Policy-making and procedures in one of these areas will have an impact on other areas, therefore human resources management is an approach that takes a holistic view and considers how various areas can be integrated.
Lewis, Clive (2007) Human resource management international digest. Bradford: 2007. Vol 15, Iss.4: pg. 3.
The main purpose of Human Resource Management is to increase the effectiveness and contribution of employee’s attainment of organizational goals and objective (Youssef, C.). Many areas of HRM have been discussed in this course. Those areas are EEO and Affirmative action, Human resource planning, recruitment, and selection, Human resource development, compensation and benefits, safety and health, and employee and labor relations. All these categories have an impact on how an organization is managed. Although there are many things that impact a business, the most important thing about managing a business is selecting the right people to help the company succeed.