After gather customers information thought the offers

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with the low rate interest . After gather customers information thought the offers , Credit Approval Division will evaluate customers information if they have enough criteria to allow for a credit loan or not .This decision depend on the risk , which had been predicted by Risk MGMT Division , if this risk have high risk or low . Had been calculated carefully , the decision will be made and the contract will be signed . After involved by 3 Division the decision for a credit loan might be consider to allow or not , this process showed the interrelationship between various functions and relevant with them in Vietinbank s system . Saving time and increase efficiency
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Task 4 : 4.1 Purpose of Human Resource Function 4.2 Key Roles and Responsibilities of Human Resource Function Modern HRM consists of the following functions: Recruitment – the search for new potential employees Selection – the interview process and hiring of new employees Retention – ensuring that employees continue employment Training & Development – managing the organizations training programs Compensation & Benefits – managing the periodic salary distribution and benefit administration Policy & Procedure Management – developing organization policies and procedures as well as overseeing discipline and behavior correction activities Forecasting Workforce Requirements – developing a workforce plan to meet strategic objectives of the organization Job Analysis & Job Design – periodic reviews of each job along with developing each position through enlargement and enhancement Employee Relations – maintaining positive relations through communications between the organization, the employee, and any trade union 4.3 ‘Best Fit’ approach or ‘Best Practice’ Best Fit : Produce competitive environment for employees do their best to achieve reward , increase company spirit , productivities . This may create individual s value in the point of view of the company. Focus on individuals performance . “Designing and implementing an
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appropriate reward system that complement human resource strategies and fits business competitive strategies is currently an important issue” (Hsieh, 2011, p. #). Best Practice : Create commitment a well-structured hiring employees process and teamwork, produce friendly , active environment between every staffs . Makes them fit with business strategy of the company . Focus on teamwork . “ The „Best Practice model argues that there are bundles of best HR practices that if used in an organization would produce the best outcomes regardless of its industry or organization setting.” (Redman, 2009, p. #) 4.4 Hard and Soft models of HRM There are some difference between Hard and Soft HRM this table below show some of these difference between them .Each type have both advantages and disadvantages.
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