Programme: Pearson BTEC Level 7 Extended Diploma in Strategic Management and Leadership
Unit Number and Name: Unit 10 Strategic Human Resource Management
Assignment title: Strategic Human Resource Management
Credit value: 10
Level: Level 7
4500 words
The Purpose of this Assignment:
For an organisation to be competitive both now and in the future, it is vital to understand how current thinking on leadership influences an organisation's planning to meet current and future leadership requirements. This assignment will enable you to demonstrate an understanding of the links between strategic management, leadership and organisational direction, and the skills to be able to apply this understanding within an organisational context.
Scenario:
HSBC Bank plc. is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
You are the Assistant HR Manager at HSBC in the London office. The HR Manager asked to write a report, in it you will have to do the following tasks. In the first part you will have to explain the purpose of the report and provide an overview of the importance of strategic HR. After that you will have to expand the chart to show that you have evaluated and assessed the purpose, the importance and impact of strategic HR management to the achievement of the company's objectives from a medium - long term prospective. To finish this section you will have to explain the link between corporate strategy and human resource management strategy to show their interrelationship and how the human resource management strategy supports and contributes to purposes of HSBC.
Once this first section is finished you will have to analyse the influence of HSBC's requirements and external environmental factors that dictate the need to plan human resources. After that discuss some human resource requirements within HSBC and then assess the human resource requirements for an identified specific situation. Before ending this section you will have to develop a structured human resource plan that utilizes the results of the work you have done adding SMART targets. Furthermore, the plan needs to be critically evaluated to show how it can contribute to the achievement of objectives. Finally you will have to critically evaluate how your human resources plan can contribute to meeting the HSBC's objectives.
Your next task will be to explain the purpose of human resource management policies in the company. After that you have to analyse compliance of the HR policies with legal and regulatory requirements.
In your final task you have to identify and define the structure and culture of HSBC and assess the impact they can have on the human resource management. At this point you have to examine how HR policies are monitored and controlled in HSBC. Furthermore, you are also required to explain the monitoring of human resource management in relation to contributing to organisational goals. Before you end your report you have to identify some performance indicators that can be used and how the effectiveness of human resource management can be judged against these indicators.
Finally, you have to identify and recommend some improvements to the human resource management in HSBC; this has to be done with supported justifications based on an analysis of the company.
On the base of the above scenario the Learner has to:
Task 1
I. Understand how the strategic management of human resources contributes to the achievement of objectives of the HSBC.
1. Explain the purpose of the report and provide an overview of the importance of strategic Human Resource Management (SHRM) within HSBC. (1.1).
2. For each example used, expand the chart to show that you have evaluated and assessed the purpose, importance and impact of strategic human resource management to the achievement of the HSBC's objectives from a medium- and long-term perspective. (1.1, 1.2, 1.3).
3. Finally explain the link between corporate strategy and human resource management strategy to show their interrelationship and how the human resource management strategy supports and contributes to purposes of HSBC. (1.3).
Task 2
II. Be able to develop human resource plans for the HSBC.
1. Analyse the influence of the HSBC's requirements and external environmental factors that dictate the need to plan human resources (2.1).
2. Discuss some human resource requirements within HSBC and then assess the human resource requirements for an identified specific situation. (2.2).
3. Develop a structured human resource plan that utilizes the results of the work completed for Task B with appropriate SMART targets. The plan needs to be critically evaluated to show how it can contribute to the achievement of objectives of the HSBC. (2.3).
4. Critically evaluate how your human resources plan can contribute to meeting the HSBC's objectives (2.4).
Task 3
III. Understand human resources policy requirements in the HSBC.
(This task could be an extension of task 2).
1. Within your new role you will develop an understanding of all the human resource policies utilised by the HSBC. Explain the purpose of human resource management policies in HSBC. (3.1).
2. Analyse compliance of the HR policies with legal and regulatory requirements. Analyse their impact on, and implications to, HSBC. (3.2).
Task 4
IV. Be able to examine human resources management in HSBC.
1. Identify and define the structure and culture of HSBC and assess the impact they can have on the human resource management of HSBC. (4.1 and 4.2).
2. Working in the human resource department of HSBC, examine how HR policies are monitored and controlled. You are also required to explain the monitoring of human resource management in relation to contributing to organisational goals. (4.3).
3. To complete this task successfully you need to identify some performance indicators that can be used and how the effectiveness of human resource management can be judged against these indicators.
4. Finally identify and recommend some improvements to the human resource management the HSBC, supported with justifications based on an analysis of HSBC in a specific situation. (4.4).
Assessment Criteria:
: Explain the importance of strategic human resource management in organisations.
: Assess the purpose of strategic human resource management activities in an organisation.
: Evaluate the contribution of strategic human resource management to the achievement of an organisation's objectives.
: Analyse the business factors that underpin human resource planning in an organisation.
: Assess the human resource requirements in a given situation. 2.3: Develop a human resources plan for an organisation.
2.4: Critically evaluate how a human resources plan can contribute to meeting an organisation's objectives.
: Explain the purpose of human resource management policies in organisations.
: Analyse the impact of regulatory requirements on human resource policies in an organization.
: Analyse the impact of an organisational structure on the management of human resources.
: Analyse the impact of an organisational culture on the management of human resources.
: Examine how the effectiveness of human resources management is monitored in an organisation.
: make justified recommendations to improve the effectiveness of human resources management in an organisation.
Learning outcomes:
• Understand how the strategic management of human resources contributes to the achievement of organisational objectives.
• Be able to develop human resource plans for an organisation.
• Understand human resources policy requirements in an organisation.
• Be able to examine human resources management in an organisation.