MANAGING HUMAN RESOURCES

Managing Human Resources: Barclays PLC



Introduction3

Workforce maintenance and utilization4

Performance appraisal programs4

Employee development5

Values and Behaviours5

1. Personnel management and human resource management5

1.1 Difference between personnel management and human resource management5

1.2 Function of HRM in contributing to organizational purposes6

1.3 Roles and responsibilities of line managers in HRM6

1.4 Impact of Legal framework on HRM7

2. Recruitment and Selection of Employees7

2.1 Reasons for Human Resource planning in organizations7

2.2 Stages involved in Human Resource Planning8

2.3 Comparison of Recruitment and Selection Process at Barclays and HSBC8

2.4 Effectiveness of the recruitment and selection processes in Barclays and HSBC9

3. Motivation Theory and Employee Rewards10

3.1 Link between Motivational Theory and Rewards10

3.2 Process of Job evaluation and other factors determining pay10

3.3 Effectiveness of Reward Systems11

3.4 Monitoring Employee Performance12

4. Mechanism of Cessation of Employment13

4.1 Reasons for cessation of employment13

4.2 Employment exit procedures at Barclays and HSBC13

4.3 Impact of the legal framework on employment cessation arrangements14

Managing Human Resources: Barclays

Introduction

The company I have chosen for my Human Resource Management assignment is Barclays PLC. Barclays is a British multinational bank, and it is headquartered in London, UK. It is a globally known name in the provision of banking and financial services. It has presence almost all around the world like, in Europe, Asia, North & South America and Africa.

The services that Barclays provide are personal banking, investment banking and corporate banking. It is also highly involved in wealth and investment management programs. Barclays has a history of over 300 years and today it operates in more than 50 countries around the world with the total approximate employment of 140,000 people (Barclays.co.uk, 2013). HRM Strategy and Policy at Barclays

Any company defines its success or failure through its human resource management. Human Resource Management is a very important asset at Barclays. The main functions of HRM are involved with recruitment of people for various job levels in the organization, determining the skills that are important for a certain job, the experience needed to perform well at a job and also forecasting the possible trends for future employment. Similarly, at Barclays, human resource management strategies are clearly outlined for the organization to meet the goals in a timely manner.Job description and recruitment

At Barclays, HR deals with recruiting various diverse people from all around the world for different job levels having different skills and qualifications. They provide proper information and determine scales on which employees are assessed for their job promotions or to determine their wages or to provide bonuses etc.

Workforce maintenance and utilization

The HRM department is solely responsible for the maintenance of the workforce at Barclays. It involves designing organizing framework for the organization to establish strong communication networks within and outside the organization. HRM deals with labour union, handles misconduct among employees, resolves conflicts arising within the organization and majorly contributes in providing a shared sense of mission among the employees at Barclays.

Performance appraisal programs

Barclays gives continuous feedback to their employees on their both negative as well as positive performance. Barclays uses 360 degree feedback to the senior executives as well on their respective management ...