H&M Hr Strategy
HUMAN RESOURCE MANAGEMENT
Human resource management is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. HRM includes five major functions: * Planning: establishing goals and standards * Organizing: giving each subordinate a specific task * Staffing: determining what type of people should be hire * Leading: getting others to get the job done * Controlling: setting standards and comparing the actual performance with actual standards.
‘Human resource management is a strategic and coherent approach to management of an organization’s most valuable assets. The people contribute individually and collectively to the achievement of the object (Armstrong 2006).’
Human resource management helps in hiring the right person at right place, want their people to do their best, proper utilization of time and helps to give proper training to their employees. HRM helps in employing right person at right place with right skills. HRM encourage the employees to achieve the organizational goals and high performance of the company.
AIM OF THE ASSIGNMENT
The main aim of the study is to critically analyze and valuate the strategic human resource management of H&M. The study will include the HR function and policy of the company. We will also study the recruitment and selection procedure of the company.
BACKGROUND OF THE COMPANY
H&M was established in 1947 by Erling Persson in Sweden. The first H&M offer high quality fashion and quality at its best price. The company deals in fashion for men, women, teenagers and children. H&M also deals in cosmetics, accessories and footwear. They have around 2000 stores across the world. Online shopping is currently available in Sweden, Finland, Norway, Denmark, Germany, Austria and UK. All the stores are refreshed with new items on daily basis. The collection is created by around 100-in house designers
Human resource management is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. HRM includes five major functions: * Planning: establishing goals and standards * Organizing: giving each subordinate a specific task * Staffing: determining what type of people should be hire * Leading: getting others to get the job done * Controlling: setting standards and comparing the actual performance with actual standards.
‘Human resource management is a strategic and coherent approach to management of an organization’s most valuable assets. The people contribute individually and collectively to the achievement of the object (Armstrong 2006).’
Human resource management helps in hiring the right person at right place, want their people to do their best, proper utilization of time and helps to give proper training to their employees. HRM helps in employing right person at right place with right skills. HRM encourage the employees to achieve the organizational goals and high performance of the company.
AIM OF THE ASSIGNMENT
The main aim of the study is to critically analyze and valuate the strategic human resource management of H&M. The study will include the HR function and policy of the company. We will also study the recruitment and selection procedure of the company.
BACKGROUND OF THE COMPANY
H&M was established in 1947 by Erling Persson in Sweden. The first H&M offer high quality fashion and quality at its best price. The company deals in fashion for men, women, teenagers and children. H&M also deals in cosmetics, accessories and footwear. They have around 2000 stores across the world. Online shopping is currently available in Sweden, Finland, Norway, Denmark, Germany, Austria and UK. All the stores are refreshed with new items on daily basis. The collection is created by around 100-in house designers
References: Robinson, S (1998). ‘Developing A Simulation Strategy for British Airways OR.’ Proceedings of the 1998 Winter Simulation Conference. United Kingdom HRM cycle – SHRM by Charles J Gooch, L. and Cornrlius, N.(2001). Recruitment, Selection and introduction in a diverse and competitive environment. In Cornelius, N. (ed.). Human rerouce management: A managerial perspective(2nd Edition). Cornwall: Thomas Learning. H&M interview questions, viewed 13 August, 2009 http://www.glassdoor.com/Interview/H-and-M-Interview-Questions-E11918.htm www.hm.com H&M press, viewed 13 August, 2009 http://www.hm.com/gb/press__press.nhtml Working at H&M, viewed 13 August, 2009