Role of HR Marketing & Finance Functions in TESCO

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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Role of HR marketing & finance functions in TESCO...............................................................3
Importance of collaborative work...............................................................................................4
Role of financial management....................................................................................................5
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Finance and HR department work toward one ultimate goal of achieving a next level of
profitability and performance. In the context of HR managers often perform some of the duties
which are through to be financial duties. It is same applies to the chief finance officers.
This report will cover TESCO company for this case study. It is 3rd largest retailer
company in the world. This report will analyse role of HR marketing and finance in this
company. It will also conclude understanding of collaborative work and importance of
collaboration. In the end of this report will analyse financial management in the TESCO.
MAIN BODY
Role of HR marketing & finance functions in TESCO
HR Marketing
HR marketing has huge role to make TESCO successful in their business. HR marketing
aims to create positive and powerful candidate experience. This can be achieved through the
combination of the target group specific content and a recruiting marketing strategy. HR and
marketing have interrelationship with each other (Cornwall, Vang and Hartman., 2019). HR
department helps to provide training to the marketing team of the TESCO, so they can increase
skills and knowledge of the marketing team. HR department also recruit employees who are
marketing knowledge according to the needs. Marketing team ask for new members in their
team when they need. Marketing team of the company also help HR department through
marketing. They help HR team to advertise job post through the digital marketing. They find
new candidates who can work in the company and help them to achieve objectives of the
company. Marketing team also collect the informative data such as employees data, labour
turnover new market trends, which is helpful for the HR department.
Finance function
Finance management is important part of the TESCO company because they are
working on global level. International market means more money and cash flow so it is
important for the TESCO to have strong and managed finance resources. Role of finance
function in TESCO -
Control cash flow
Finance manager of the company control cash flow in the organization. Every department
in the TESCO need cash on daily basis, finance department fulfil this demand, so they can run