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Assignment 1 Front Sheet: Qualification BTEC Level 4 HND Diploma in Business
Assignment 1 Front Sheet: Qualification BTEC Level 4 HND Diploma in Business
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I. Definition of HRM:
The goal of human resource management is to produce businesses with an efficient workforce. To achieve
this goal, managers must understand how to recruit, develop, evaluate, and maintain their employees.
In order to own the human resources to fulfill the event strategy, human resource management
must aim to accomplish the subsequent four basic objectives:
Social objectives: Enterprises must meet the wants and challenges of society, they operate for the benefit
of society, not just their own.
The goal belongs to the organization: Human resource management is finding the correct way for departments
as well because the whole enterprise to own effective people working. Human resource management itself isn't
the end; it's just a method to assist businesses achieve their goals.
Functional goals and missions: Each department has its own functions and duties, so each department must
contribute to the goals of the business.
Personal's goal: Managers must help their employees achieve their personal goals. Managers must remember
that if they forget their employees' personal goals, productivity will decrease, and employees may leave the
business.
The main functions of the human resources management department (HRM) include recruitment, training,
performance evaluation, employee promotion, internal communications, labor safety, and more. The
following are the key functions that the human resources department of a typical enterprise is responsible
for.
1. Recruitment and training:
This is one among the most functions of the personnel management department. Personnel are liable for
planning and hiring strategies to draw in the correct talent to the corporate.
They are to blame for designing criteria that match specific job descriptions. Other duties of an employee
relating to employment include establishing the scope of labor and obligations of the worker.
Based on these two factors, human resources management will prepare contracts for brand spanking new employees. When
necessary, personnel also directly train employees per requirements from the business. Accordingly,
new employees can improve their skills to higher meet their new roles.
2. Assess the effectiveness:
The Human Resources Department encourages employees within the organization to figure together, help them
reach their full potential, and offer suggestions to assist employees improve their efficiency.
Personnel are those that regularly communicate with employees to supply them with the required
feedback on performance and help employees define their roles.
This is very beneficial because it allows employees to obviously outline goals; accordingly, helping them easily
accomplish the opposite goals wholeheartedly. If done regularly, the effectiveness assessment will create great
motivation for workers.
3. Maintain working atmosphere:
This is a very important function of the personnel management department because the performance of
employees within the organization is basically influenced by the atmosphere or culture of co-working.
Good working conditions are one in every of the advantages employees can expect from an efficient human resources
management department. A safe, clean and healthy environment helps employees reach their best potential.
The friendly working atmosphere also increases employee satisfaction.
4. Dispute management:
In a corporation, there are many issues that may arise that may result in disputes between workers and
employers. It is said that contradictions are inevitable.
In this context, the HR department acts as a consultant and mediator to effectively resolve issues.Page 18
First, personnel hear complaints and frustrations of employees. They then come up with suitable
solutions to unravel them. In other words, the human resource management department is chargeable for
timely action and to stop the matter from becoming too serious.
I. Workforce Planning
1. Definition:
Workforce planning (human resource planning) may be a process of implementing plans and programs to make sure
that the organization will have the correct number of individuals at the proper place, the correct time and therefore the right
place. it's also the method of researching, determining the requirements of human resources, making policies and implementing programs and
activities to make sure that the enterprise has enough employees, with appropriate
qualifications and skills for public employees to realize high productivity, quality and efficiency.
2. Benefits:
- Set strategic directions
- Analyzing labour, identifying skills and conducting working class analysis
- Develop an action plan
- Implementing the action plan
- Track, evaluate and modify
It is an absolutely essential element on the organization's path of success. Strategic workforce planning can
bring many benefits to your organization, including retaining employees, identifying talents, identifying skills
gaps and supporting your budget. a good strategic workforce plan can really be a guide for all areas of
your organization. More specifically, strategic workforce planning could be a key feature of a well-functioning
organization. All of the foremost successful businesses use strategic workforce plans to forecast the long run of the
market, analyze performance metrics and stop losses to their corporate image.
3. Factors must be considered:
- Internal factors: Internal factors have a profound effect on HRM.
The internal environment is included:
+ Goals - The goals of the business affecting management activities include HRM. this can be a part of the
internal environment of the business, affecting various professional departments and particularly human
resources management
+ Policy: Human resource policies are the guiding principles, rules, methods, procedures established in
association with recruitment, training, administration and employment of human resources to support and
promote the implementation of predetermined target of the business.
+ Culture: Cultures have a vital impact on approaches to managing people. The socio-cultural
environment during which a business operates will have a crucial impact on human resource management
(HRM). The cultural and social environment includes things like work ethic, attitude toward work and
employee motivation. If work-life balance is more important, a generous and vacation is more
motivating.
The social view and morality of a society on the role of business in society will affect the way HRM works.
For example, within the old days, child labor wasn't considered unethical. Now, it's not only considered
unethical, but it's also illegal.
+ Skill Inventories: A tool that managers can use to assess the present capacity of the Human Resources
organization may be a repository of skills. The skill inventory will provide a snapshot of the time the organization
is currently within its capabilities. the employment of skill inventories may be invaluable to fulfill company goals and
objectives and to create better management and personnel decisions.
A skills inventory summarizes the present employee's skills, education and skill. reckoning on the dimensions
and complexity of a business, the method of preparing a list of skills will vary.
+ Succession plan: Succession planning could be a process of identifying and developing new leaders who can
replace the old leaders after they leave or retire. Succession planning increases the supply of
experienced and willing employees to require on company roles. In dictatorship, Succession planning aims to
continuously lead, to forestall a chaotic power struggle by preventing power gaps. In monarchy, succession
is usually resolved within the order of succession.
+ turnover Rate: employee turnover is that the ratio of employees quitting to the common number of
employees in an exceedingly year, quarter or month to live the speed of turnover rate. High turnover rates also
greatly affect the company's business indicators. The direct effects are: Increasing recruitment, recruitment
and training costs per capita. The indirect effect is to extend the workload for those that remain, reducing
labor productivity thanks to psychological effects. Especially, the pass-through reaction implies that the
employees leave in mass, or the outcome.
- External factors (PEST): The external environment includes forces like politics, economy, society,
technology, demographics, etc. which greatly affect HRM.
+ Political - The political environment includes the impact of political institutions on HRM practices. For
example, the democratic form of government raises workers' expectations for his or her well-being. Politics also affect
personnel management, binding businesses on hiring and remuneration for workers: requiring good labor
relations.
+ Economic - Economic forces include growth strategies, industrial production, per capita income, money
and capital markets, competition, industrial labor and globalization. All of those forces have a big
influence on wages and salaries. Increasing unemployment and job retention also affect recruitment options
and staff selection in organizations. The economic situation and business opportunities greatly affect the
workforce planning. When there are economic fluctuations, businesses must know the way to regulate the
activities to be able to adapt and develop well. it's necessary to keep up a highly skilled workforce in order that
when there are new opportunities, it'll be able to continue expanding business. Or if business is shifting
to a brand new commodity, workers have to be retrained. On the one hand, the enterprise must maintain the
skilled labor, on the opposite hand to scale back labor costs, the enterprise must consider reducing working hours,
giving employees temporary leave for work or welfare reduction.
+ Socio-Culture - The cultural and social characteristics of every country and every region also significantly
affect human resources management with different value scales, gender, class ...
+ Technological - Technology could be a systematic application of organized knowledge to practical tasks. Scientific
and technological development has posed many challenges in personnel management; It requires
strengthening training, re-vocational training, rearranging the labor pool and attracting new highly skilled
human resources.
4. Application for FPT corporation:
Our country's economy could be a laissez-faire economy with the regulation of the state, so it's prominent because the
competitiveness. Organizations normally and businesses particularly are forced to boost their
organization, during which the human factor is that the decision for a corporation to grow, not only the proper business
strategies, but most significantly, people - the core element of all strategies. To do this, right from the
beginning, businesses have to develop their own human resources strategy. one amongst the standard companies
known with the slogan: "Developing human resources is our top target" is FPT. FPT has always beenPage 23
impressed by the correct human resource management policies, proud to be a bunch of the most effective IT
professionals in Vietnam. that's the foremost valuable asset and also the foundation of FPT's success.
a. Internal Factors:
- Goals: FPT desires to make a dynamic, professional working environment with talented employees to
become a replacement rich and powerful organization through labor, creativity in science and technology and
customer satisfaction. heart, contributing to the prosperity of the country, giving each of its members
conditions to develop the most effective talent and a full material life, rich in spirit.
- Policy : Technology requires constant change and creativity, so as to try to to that, FPT has built generations
of employees who constantly learn and strive to bring FPT from success to success. In 2019, FPT invested
VND 74.9 billion in internal training activities and programs with 313,291 employees trained.
Remuneration policies of FPT are classified into 4 types including:
+ Salary: Wages for production and business (12 months); 13th month salary is awarded on the occasion of
the Group's establishment and therefore the Lunar New Year;
+ Allowance: travel, transportable charges, part-time, ...
+ Bonus supported business performance and on the performance of the project / job;
+ Social welfare: social / health / unemployment insurance, health care / FPT Care insurance, vacation
benefits, ...In addition, employees may get a scrutiny once a year
FPT always has policies to facilitate opportunities, environment and regimes for potential employees. In
addition, FPT always has policies to detect, attract, foster, value and treat deserves to talented people.
+ Culture: Culture is taken into account an important a part of creating the Genome of FPT people, the FPT Spirit,
which is that the force that drives us to constantly make efforts and make creatives for the good thing about the
community and customers. Chairman of FPT Software once said: "If you are doing not trust your employees, do not
expect to possess good staff". At FPT, all personal opinions are respected. If the concept is in conflict, the company
culture that the corporate builds will harmonize the situation, creating a way of teamwork. Because of respecting democracy, FPT has
achieved the good success today. Each member of FPT has the pride in business and solidarity with the business to continue on the trail of
conquering new achievements.
- ratio Rate: the quantity of employees quitting FPT in 2006 was 8%, by 10% in 2007, FPT
always tried to stay the speed below 10%. so as to retain people and reduce job vacancies, we need to
recruit the proper people and still train and develop them on an ongoing basis. Need a career
development program, skills training programs. Investing in training and upgrading staff are the foremost
effective thanks to invest in long-term companies like FPT. Next, our policies and practices must be directed at
our employees, trust them, give them the proper to talk. The policies must be clear and transparent, avoiding
closed meetings and "black boxes" within the policy regime. Finally, we've a typical benefit package, which
includes not only hard salaries, soft salaries, insurance, social welfare, but also long-term benefits
such as business performance bonuses, buy shares.
b. External Factors:
Based on the event of technology field, many companies within the world are making outstanding
achievements. Therefores, FPT's young leaders set the goal of 2020 to boost labor productivity, growth
through innovation and application of technologies. FPT's Annual General Meeting of Shareholders has
approved the 2019 business plan with revenue and profit expected to extend by 15% and 16% respectively
compared to 2018, reaching VND 26,660 billion and VND 4,460 billion. Starting in 2019, FPT will shift from
Information Technology Service Company to a comprehensive digital transformation solution provider. FPT's
vision within the next 10 years is to rank among the highest 50 companies providing digital transformation services
globally.
Particularly within the period of 2019 - 2021, FPT sets goals, specifically: Enhance the worth and position of the
company by providing high value services like digital conversion consulting and digital conversion
strategies.
Access to major international corporations to produce digital conversion services and other FPT products and
services. There are 30 more major customers within the Fortune Global 500 list each year. Always achieve a
growth rate of over 15% annually. Complete the package / list of solutions, products and services within the value
chain of digital services within the next two years. In addition, more and more advanced technology development results in the standard of
life and therefore the demand
for technology of the people also increases. so as to realize the set goals, FPT is anticipated to draw in an
additional 10,000 - 20,000 employees and focus resources to coach them within the next three years to fulfill the
needs of developing and implementing the transformation service. number of consumers worldwide.
1. Recruitment
a) What is recruitment?
It is understandable that the method of seeking and recruiting qualified candidates from within or outside
the organization to satisfy work needs, efficiently and promptly. Or in keeping with Edwin B. Flippo, It also can
be defined because the “process of attempting to find prospective employees and stimulating and inspiring them to
apply for jobs in an organization”.
b) Recruitment methods
There are many alternative ways you'll find the correct human resources for the proper position in your company.
Here are a number of the foremost common ways divided into internal and external methods together with the
strengths and weaknesses of the 2 method groups. Besides that's the fast a part of the choice to
recruitment.
Internal recruitment:
Job posting: Also referred to as employment advertisement. Traditionally, job posts were often published within the
classified ads section of newspapers, but today have gradually shifted to online advertising.
Job bidding: when the quantity of candidates exceeds the quantity of job positions being offered,
candidates are required to compete with other candidates for employment position that has been posted by an
employer or organization.
Promotions: an incentive for an employee to maneuver from one job to a different, with increases in salary,
status and responsibility.
Temporary to Permanent: mean somebody's job prospects can shift from temporary to a permanent
contract.
2. Strenghts and weaknesses of internal recruitment methods:
StrenghtsSssssssssss Weaknesses
External recruitment:
Online recruitment: The recruiting content are posted online on wed or social networks like
LinkedIn, Facebook and Twitter.
Job Fairs: Employment fairs still provide hiring managers with direct access to an oversized number of
candidates, especially graduates.
Professional organizations: Working with associations and organizations can facilitate your get up-to-date with
top talent.
Employee referrals is incredible, it helps recruiters economize to achieve talented people.
Executive search firms are specialized an enquiry for senior management-level people that are able to find
and increase profits for the corporate.
Walk-In applicants: is that the process of contact and exchange (or more specifically the method of asking
and answering) between employers and candidates.
Strenghts Weaknesses
Higher Risk: Because
candidates are completely
Increased Conversion Rate: new
attracts a range of to the employer, the
candidates with different danger of bringing an
capabilities and skillsets inappropriate person can
not be completely
eliminated.
Greater cost: the external
hiring process includes
Better Quality Candidates:
costly jobs like posting jobs
the external hiring
on different platforms,
process expands access to
contacting candidates,
quality candidates
screening documents,
conducting interviews, etc.
Attracts New Skills and Time consuming: many job
Inputs: increase your ability applications cost
to identify and attract new recruiters plenty of your
talent with outstanding time and energy to screen
ideas them
Brings New Business
Possibility of
Insights and concepts to the
Maladjustment: When new
Table:
employees
attract many applications
feel that they're not suitable
from different work
for the corporate
experience candidates who
culture, they'll think that
have gained knowledge
creating employers to
from working for
hunt for new candidates.
various companies.
c. Alternatives to recruitment
Besides the hiring methods mentioned above, there are have the foremost common measures taken as
alternatives to recruitment are:
Outsourcing: is that the sort of using external resources to perform specific tasks and operations of the
enterprise.
Hiring contingencyworkers: is a private who is used by a corporation with the goal of selecting
a particular task. Their work relies solely on a contract basis temporarily with a brief working period
Employee leasing: a contractual arrangement an expert employer organization (PEO) will hire
another company to rent its employees. Employment responsibilities are shared between the rental
organization and also the company which hire the worker of that organization
Overtime: just in case the market encompasses a great demand sure enough products, the corporate requires its
employees to figure overtime.
2. Selection
a. what's Selection?
Selection is that the process of evaluating and screening participants to pick out candidates best suited to the duty
requirements of the organization.
Dale Yoder said, “Selection is that the process by which candidates for employment are divided into classes those
who are going to be offered employment and people who won't.”
b. Selection process
Step 1: Initial screening
The selection process usually begins with a screening of unqualified candidates.
Employers will study the resume presented with the duty application to see who will qualify and who
will not. It mainly includes information within the following areas:
Employment history & education.
Character evaluation.
Evaluate the effectiveness of labor.
Step 2: Completion of the applying Form
Application Blank may be a pre-printed form for application when applying for employment
When candidates are judged satisfactory, they'll enter the following step of completing employment application In which, the work application
will include name, address, number, email, diploma, certificate ... and a
summary of the soft and hard skills of the candidate.
Step 3: Employment Tests
Personnel testing is a good thanks to identify personal hallmarks.
The tests measure:
Types of test Meaning
is based on the idea that the
most effective predictor
Work Sample Tests of future performance is an
observed performance
in similar positions.
measure a human mental
Situational Judgment Tests and emotional
responses in work settings
Measure individual
candidates' thinking,
Cognitive Ability Tests
knowledge, reasoning,
language and math skills
Assess the cognitive ability
Psychomotor Tests and speed of the
candidate's response