Assignment of Human Resource Management

Student Name: Soliev Mavlonbek

Student ID: 0086MWMW0612

Programme: BABS

Submission Deadline: 16th of December

Lecturer: Eileen Crawley

Westminster International College

Table of Contents

1.0 Executive Summary...................................................................................................................2

2.0 Introduction................................................................................................................................2

2.1 Affecting of Payroll for Cost Reduction................................................................................2

2.3 An Effective Total Reward systems.......................................................................................3

2.4 Types of Payment System......................................................................................................3

3.0 Proposals....................................................................................................................................4

3.1 Proposal One..........................................................................................................................4

3.2 Proposal Two.........................................................................................................................6

3.3 Proposal Three.......................................................................................................................6

4.0 Handling Departments...............................................................................................................7

5.0 Recommendation & Conclusion................................................................................................8

6.0 Bibliography..............................................................................................................................9

1.0 Executive SummaryToday each business vendors or executives accomplish more than one part for their business.

One of the important works in organization their commercial is completing payroll. Employees

or staffs of the firm must be intelligent make sure that company is paying them regularly on time

deprived of postponements. (Chron, 2012) In this assignment, as a Human Resource Executive

three main proposals are going to be provided for the Toy manufacturing company in UK that is

facing on problems with development in foreign competition and declining of demand for its

goods. Cause of that there is also another problem occurred internal. Factory has a more than

1000 technical and low skilled employees and expenses increased rapidly by making overtime

payments. Currently, company wants to save the cost and they are not hiring workers. Factory

should reduce its cost of payroll and during the same time it has also increase profit to overawed

mentioned difficulties, challenges. In the following parts of assignment there are proposals given

for the company as a way of how overcome complications.

2.0 IntroductionEvery company or business has to pay that sum total of all compensation for its employee due to

the set of time, given date and it is called payroll. I the small businesses payroll can be handled

by the owner. Payroll also defined as list of employees of firm, amount of payment for the every

of them. It is the main expense for the firms and also nearly often deductible, too. Differentiate

of payroll from the pay period to other for overtime, sick pay. (Technology One, 2013)

2.1 Affecting of Payroll for Cost ReductionPayroll Reduction is the amount of withdrawn from an employee’s salaries. Reason of effecting

to make lower the cost of payroll expenses is payments for overtime. It has a affect for the gross

income, but it should also mentioned here that deduction has not any affect for gross income.

Growth in payroll even can be the reason for fail for business and owners has to focus on it as a

main part of their business, to analysis their financial plan.

The quantity the business can have enough money to financial plan for payroll impact how many

labors the business is able to employ, and the skillfulness and routine level of the employees.

This is the significant point of business that hiring the skilled labors to manage holds under

control of working hours. (eHOW, 2013)

The following aspect will be the Financial Situation in the factory. The factory have to manage

to pay for its workforces payroll cost and the business`s financial plan ought not be finished.

Furthermore, the affordability need be the standard aimed at paying pay.

2.3 An Effective Total Reward systems.Workers are given money for their services refer to enterprises from the company that they are

working and it’s called reward that is system of Total Reward. It does not includes only money

and another methods that can adapt to currencies, opportune office, good relationship

environment in organization, have an capacity for decision making involvement, good promote

chances. (Economictimes, 2012)

2.4 Types of Payment SystemThere are two types of payment systems broad division defined thru platforms. They are Retail

Payments and Large Value:

Large Value Payment System

It typically processes extraordinary significance critical expenses. That is important systems that

make sure the level operational of budget, monetary schemes. Whether it fails, a system was able

to disturbances or diffuses shudders in economy.

Retail Payment System:

Cash – is the favored technique for minor expenses as it contains no credit and therefore, no

possibilities. Through cash, everybody is able to commonly purchase things and facilities easily

as it extensively recognized.

Cheques – Cheques are an instruction to transmission reserves after the spender’s bank to the

account of the recipient. Cheques are commonly usable aimed at six months afterwards the time

of matter. The advantages of Cheques are: better for large sums, payment might be made at

employee convenience sent to the recipient. But it can take till 3 or 4 working days before

reserves are obtainable to use and no guarantee these are the disadvantage of it.

Debit Card- card of the payment that straightly amount of transaction subtracted from debit card

owner’s account on official. Advantages of Debit card are: holder can use for online shopping

and not as much of risk than receiving cash. Disadvantages: it takes until 3 days for salary to be

received, functioned at a payment billed for the bank.

Credit Card- it provides opportunity for the owner of card to make a purchase for goods and

services thru credit line offered by credit card issuer. Advantage of credit card is guaranteed

payment and also can be used for online purchasing. Disadvantages: card holder has to pay for

the bank’s service; it is not safe during online shopping if web payment sites are not protected.

(Suva, 2011)

3.0 Proposals3.1 Proposal OneAutomation

As much as more than 70 % of the human race will turn into obsolescent surrounded by the just

three groups. The reason is automation technology is progressing at such a speedy pace that

highly capable mortal robots thru forward thinking vision acknowledgement and motor direction

organizations are going to take over the most boring employment professions. It is labor saving,

technological change might increase workforce efficiency. Automation provides opportunities

for the business to sustain competitive condition without off shoring.

Applying to the robotic workforce only gives advantage for the toy manufacturing company.

They are able to control their expenses by automations, increase work speed and also efficiency.

Automations are helpful to growth for those companies, factories that is facing on cost cutting

problems. Since last decade over million industrial robots have being used in operation have

been straightly in charge for the creation of close to more than three million jobs. According to

the some of the researches that is mentioned that, in next decade rising in using robots will result

in establishing over million high excellence occupations global. (Adams, 2013)

Robotworx can help to business automate for fewer. The systems offer low-priced manufacturing

robot and corporation might save almost 50% by obtaining secondhand apparatus rather than

new, choice routine. Low-cost does not mean reduced quality and the Company can provide

agreement for the value of the machines.

One of the leaders of automation in the factory is FANUC. This brand has broadest range of

goods and chattels for a huge variability of tenders. It is disturbed to sort its resolutions

resourceful and modest and its developments are rotated to consumer satisfaction. These

mechanizations completed relaxed to usage for the plants. The machines can do practically the

whole thing from palletizing weighty contents to hold tantalizing goods. (Durden, 2012)

3.2 Proposal TwoRecruitment by HR agencies

HR Helps Company to build good team for working specialists without HR. Company is not able

to build it. The functions of HR are selection, recruitment, training, motivating employee and so

on. (H R Excellence, 2012)

There variety of recruitment agencies and one of them is Oasis HR located in UK

Oasis of human resources is an award winning multinational agency in London, UK, that

proposals chances and research services in the areas of obtaining and change management

private business. They base their custom contains the manufacturing area, and the agency has

confirmed to offer temporary or provisional at all levels and in all corrections of human resource

professionals and enduring results and involvement. £ 20k for human resource managers, human

resource directors £ 200,000, the agency might also discovery Oasis and delivers the best

aptitude on the marketplace attitude. (OasisHr, 2012)

The organization concentration on anything they do greatest; discovery marketplace aptitude.

From HR generalists over to experts within Internal Recruitment & Talent, Employee Relations,

Learning & Development, Diversity and Shared Services, their applicant allure approaches

permit them to object the impassive applicant marketplace. These approaches were developed as

traditionally the best accessible ability be wont to not to be dynamically regarding; this

suggestion founded on to advance HR section and advantage the corporation trainee experts who

can multi responsibilities at equivalent the time. It might be beneficial for decrease budget of the

workforce in the plant and advance its business presentation. This method although will be

expensive in short term it will comfort the business changed price in upcoming.

3.3 Proposal ThreePartnership thru other countries

People with small abilities and deprived of rider are at major matter in the work marketplace in

the UK and rendering through particular figures charge of oil, raw resources and bring in metals

improved in the UK. Several of industrial businesses in UK are making an allowance for callous

charges because of the accumulative amounts of raw resources.

A industrial unit can grow its trade thru maiden up its subdivision headquarters in dissimilar

measures of the internal republics like China or India which employment budget is short and cost

of raw resources lesser liken United Kingdom. These varieties’ organizations can support the

corporation protect the money and in scattering its industry to dissimilar places and thus

cumulative goods the purchaser disreputable and transporting their goods or toys quicker to the

clients via aggregate their accessibility to it.

Furthermore these categories of subdivision workplaces will help in growing the extent of the

marketplace for a business's toy thru inviting other clients and families; broadening the choice of

its tradeoff and industrial doings also receiving more probabilities and foundational uncharted

streets for it. Consequently, these workplaces can support to oil the development of the plant and

progress its productivity on a continued financial plan.

4.0 Handling DepartmentsDepartments of the company; Finance, IT, Marketing are being managed by the company itself.

Company need to focus on Departments as well during the same time with manufacturing and

this is also might be reason of low performing. There are also ways to mitigate the issues and

determine the solutions for helpful handle departments.

Building structure -that can be formal or informal- it ought to be obviously opinions out

the commentary associations.

Classifying formal and informal influence relations of specialist.

State whether or not malleable times, inflexible or semi-rigid hours are in influence.

Determining on equally satisfactory end facts, efficiency stages.

Categorizing durable, mutually possessed aims, signposts and limits.

Interactive, distribution information and awareness through each other can growth the effort

presentation of the business because all divisions linked. (Entrepreneur, 2012)

5.0 Recommendation & ConclusionFactory has to consider its internal problems, and cut down the cost of payroll to avoid the

becoming worth. One of the better recommendations for the factory is automation. In order to

apply to automations factory can have a debt. The most important useful thing for it is quality of

the job, speed. Automations are helpful for the continuously manufacturing that means labor

cannot work continuously more hours and it required to organize shifts. It has to mention that

applying the automations is better in the long term. Recruiting the labor thru HR agencies is

second proposal and if employees are talented to do the several chores in the same time, it’s

helpful to save money. The third proposal is partnership. Since last decade most of European and

American companies have come to the some Asian countries. They opened their brands. The

reason of coming to the countries such as China, India, Bangladesh, Nepal, and Vietnam is low

labor cost and also low price of raw materials. It is more recommendable for the Toy Factory to

open new branches in countries mentioned to overcome challenges. By applying the

recommendations Factory will able to increase its profitability.

6.0 Bibliography

Adams, M., 2013. Robotics revolution to replace most human workers in three generations.

Natural News, 30 September, pp. 30-35.

Chron, 2012. Importance of Payroll. [Online]

Available at: http://smallbusiness.chron.com/importance-payrol

[Accessed 03 December 013].

Durden, T., 2012. Guest Post: The Death Of Jobs. Automations, 21 August, pp. 08-13.

Economictimes, 2012. news by industry. Effective total rewards strategy imperative for business

performance, 14 June, pp. 20-23.

eHOW, 2013. how does payroll effect business. [Online]

Available at: http://www.ehow.com/how-does_4600322_payroll-affect-business.

[Accessed 10 December 2013].

Entrepreneur, 2012. Managing multiple locations. [Online]

Available at: http://www.entrepreneur.com/article/748

[Accessed 09 december 2013].

H R Excellence, 2012. Importance of the HRM. [Online]

Available at: http://www.humanresourceexcellence.com/

[Accessed 05 December 2013].

OasisHr, 2012. driving recruiment. [Online]

Available at: http://www.oasishr.com

[Accessed 06 ecember 2013].

Suva, 2011. Types of Payment Systems and Instruments. Retail Payment Instruments: , 03

March, pp. 4-9.

Technology One, 2013. Human Resource & Payroll. [Online]

Available at: http://www.technologyonecorp.com/hrms

[Accessed 10 December 2013].