Business Issues and the Contexts of Human Resources (HR)
Added on 2020-10-22
16 Pages5814 Words273 Views
Business DevelopmentProfessional DevelopmentData Science and Big DataNutrition and Wellness
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Business Issue & the Contextsof HR
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Presenting some forces which shape HR agenda...................................................................1Comparing three different tools for analysing business environment....................................2Presenting different factors that impact business and HR functions......................................4Role of HR in each stages......................................................................................................6Presenting three types of business indicators to evaluate business performance...................7Explaining how different sources of business and contextual data can be assessed..............9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONHuman Resource (HR) suggest different solution and strategically manage the people as abusiness resource. Their main work is to recruit and hire the employees, make good collaborationwith the company's employees and suggest strategies related to training and development.Chosen company for this report is TESCO which is one of the leading retail company in theworld. Report describes how different factors affect company's overall performance as well asstrategies of HR in adverse way. Further it compares three different tools in order to determine business environment andsome factors that creates impact upon business as well as HR functions. Study also describe keystages in strategy formulation and the contribution of HR in business ethics. Moreover, reportalso presents different business indicators in order to evaluate business performance. Report alsoexplain some sources of business and contextual data which are utilised for planning. MAIN BODYPresenting some forces which shape HR agendaHR Agenda is the thing that is used by HR to change the people according to businessenvironment. They mostly think in deep about the reason of a service that in which manner theservices should be deliver. There are some forces that helps to shape up the HR agenda in moredetail and these are as mentioned below:Model of HR functions: HR run training and development sessions in order to developskills and competencies of their employees. The model of HR functions such that Harwardmodel actually describe the way of HR and how they deliver the goals as well as objectives ofthe company. HR also recruit the best candidate for their company in order to increases theproduction level and it directly affects the company's profit too (Gutierrez-Gutierrez, Barrales-Molina and Kaynak, 2018). HR model such as guest model also includes provide trainingsessions to their employees who are not performing to attain the company's goals and objectives.The model of HR function is also assigned different duties or role to their employees in order todeliver the internal customers so that they will easily attain the goals of the company.HR strategies: This is another force that help to shape up the HR agenda and further thisstrategy also help to develop those strategies that also assist to attain all objectives and goals.The strategy is a destination for a long term plan that actually created in order to achieve the1
objectives in Human Resource and the development in organization. HR strategy is developed inorder to achieve the goals of the company in positive manner. So, HR strategy is also completingall the responsibility and only they completed the mission, goals and future aspirations. Becausethey are necessary tool that is also essential for the attitudes to align with directions in which thecompany wants to move. Solutions to support business performance: Another important force that helps toshape the HR agenda and if there are any conflicts between their employees then HR tries toresolve the issues so that this clashes may not lead to any higher issues (Yim and et.al., 2018). Asa result, indirectly HR of the company always provide the best solution to their employees.Furthermore, to raise the business performance, HR of the company also develop the bestsolutions and different strategy which help to upgrade the company's overall performance.Hence, it has been analysed that having a good strategy which help a company to sustain theirbrand image in market and as a result, the HR of the company also provide various solutions totheir employees for their further development and to raise the production level of the company. From the above HR agenda and strategies, It has been analysed that if the work is goodand everyone are involve in the same work in a company and as a result, people who are likely tobe more happy and then the business are more productive and profitable. So that thecommunities are more likely to be flourished. But on the other side, when the wok is not goodand the business are found in corporate scandals then it directly affects the ethics of the businessand also raise so many difficulties which needs to be solves as per the time (Khedmatgozar andShahnazi, 2018). Even the ethical culture of the company also help business to raise the shortterm profit to long term sustainability and also ensures the work and also benefited more to theiremployees. The CIPD is not the single organization that only sees some tangible benefit in orderto do the things in different manner and the HR of the company also thinks better and a part forbroader movement for their better business.Comparing three different tools for analysing business environmentBusiness analysis models are the basic and useful tools or techniques which help todetermine organizational environment. In order to determine the exact business environment,there are so many tools which are used to identify environment of business. Three mainimportant tools are as follows:2
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