Unit 21 Human Resource Management Assignment with KFE Enterprise (GC0498)

Table of Contents

Introduction.

Task 1.

1.1      Difference between Personnel Management and HRM in case of Virgins Groups and KFE Enterprise

1.2      How HRM functions help Virgin Groups in achieving its purposes.

1.3      Roles and responsibilities of line managers in Virgin Group and how they support HRM functions

1.4      Impact of the legal and regulatory framework on Virgin Group HRM.

Task 2.

2.1 Reasons for human resource planning at Virgin Group.

2.2 Stages that the Virgin Group can adapt to planning human resource requirements.

An effective human resource planning includes six particular stages, which are organizational objective analysis, inventory investigation, forecasting and supply of HR, estimating manpower gaps, formulating an action plan, and monitoring and controlling HR.

2.3 Comparison of the recruitment and selection process at Virgin Group with KFE Enterprise.

2.4 Effectiveness of the recruitment and selection techniques in the Virgin Groups and KFE Enterprise

Task 3.

3.1 Link between motivation theory and its reward in Virgin Group.

3.2 The process of job evaluation and other factors determining pay in Virgin Groups.

3.3 Effectiveness of reward systems.

3.4 Methods adopted by Virgin Group to monitor employee performance.

Task 4.

4.1 Reasons for the cessation of Faisal’s employment in the Chicken Master and other causes of employment cessation

4.2 Employment exit procedures used by Virgin Group and Chicken Master

4.3 Impact of the legal and regulatory framework on employment cessation.

Conclusion.

References.

Introduction

Human resource management (HRM) is the most important part of the business world in organizations. According to Mullins (2015), it is a significant matter for organizations to understand several forms of human resource management and business operations that are applicable to this.

This report focuses on four major tasks. The first task describes the differences between Personnel Management and HRM in the case of Virgins Groups and KFE Enterprise. It also explains how HRM functions help Virgin groups in achieving their purposes. It also discusses the roles and responsibilities of line managers in Virgin Group and how it supports HRM functions. It also describes the impact of legal and regulatory frameworks in the Virgin group. The second task describes the reasons for human resource planning at the Virgin group.

It also states that the Virgin group can adapt in planning human resource requirements. It also explains the comparison of the recruitment and selection process at the Virgin group with KFE Enterprise. It also discusses the effectiveness of the recruitment and selection techniques in the Virgin Groups and KFE Enterprise. The third task explains the link between motivation theory and its reward in the Virgin group. It also describes the process of job evaluation and other factors determining pay in Virgin groups. It also notes the effectiveness of reward systems. The fourth task describes the reasons for the cessation of Faisal’s employment in the Chicken Master and other causes of employment cessation. It also explains the employment exit procedures used by the Virgin group and Chicken Master. It also discusses the impact of the legal and regulatory frameworks on employment cessation.

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Task 1

1.1   Difference between Personnel Management and HRM in case of Virgins Groups and KFE Enterprise

What is HRM?

According to Torrington (2013), human resource management (HRM) discusses the methodical systems of professional management in companies. Defining staff benefits, staffing, designing, and defining work, compensations are the major sectors of human resource management.

What is PM?

According to Torrington (2013), personal management (PM) is the formal method of conducting staff in the companies. Human resource management is a contemporary method of personal management. Employee welfare, administration, and labor relation are the major sectors of personal management.

Differences between HRM and PM

There are many differences between HRM and PM, which is described in the table below:

According to Crush (2010), both human resource management and personal management are applied in Virgins Groups. Virgin Group recruits personnel conductors as well as manages the number of regular acts in personal management. Top administration makes the decisions in personal management in Virgin Group. This management system mainly emphasizes satisfaction and staff productivity. The human resource management of Virgin groups concentrates on productivity, culture, effectiveness, and participation. Human resource manages skillful actions. There all levels of administrations are required. Staff participation, competitiveness, authority, and decentralization concentrate on decisions in human resource management.

According to Churchard (2015), KFE Enterprise applies human resource management to an agreement with motivated and qualified staff. Both the functions of the personal department and the human resource department are working together as a single department. This department is responsible for taking any decisions and strategies for its employees. The recruitment and selection, training and development, relationship developing, engaging the staff are the key functions of this department.

1.2   How HRM functions help Virgin Groups in achieving its purposes

As Fombrun and Devanna (2014) notes, in Virgin Groups, human resource management gives

Recruitment and selection

First of all, HRM helps the business to hire and select the right people for the right positions at the right time. Thus, HRM plays an important role in the hiring and selection of people in Virgin Groups. In this case, Virgin hires and selects people from a culturally diverse background and creates an excellent work environment to gain business goals (Kainazarova, 2015).

Training and development

One of the key functions of the HRM department in an organization to train and develop its workforce to reduce skills gaps and shortages and improve staff performance and productivity in Virgin Groups. Thus, Virgin uses its HRM department to train its existing and new staff and extend their knowledge and understanding of business activities (Kainazarova, 2015).

Rewards and incentive management

The other functions of HRM are to define the right rewards and incentives for the staff. In Virgin, HRM assess and evaluate the employees’ productivity and performance and define incentives and rewards for them to motivate them in the workplace (Kainazarova, 2015)

Performance management

Defining appropriate methods and managing staff performance play key roles in motivating the staff at the workplace. HRM in Virgin uses different methods for evaluating the performance of staff and takes the necessary steps to reward the staff based on their performance. Effective performance management in Virgin supports its business to motivate the staff and retain and make loyal them towards the business (Kainazarova, 2015).

Employee relationship and engagement

Building up a stronger relationship and engage the staff within the business gives a huge opportunity to gain organizational goals and objectives. Virgin uses the HRM department to make long time relationships with the staff and engage them within the business for a long time. Thus, Virgin has gained improved staff retention and loyalty, productivity, and performance which have given huge success in the way of gaining Virgin’s goals (Kainazarova, 2015)…………….

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