Importance of HRM Program for Woolworths

develop skills in analyzing an HRM specific issue
and providing a workplace solution based on
HRM frameworks and models relevant to the
contemporary w

Contents
INTRODUCTION...........................................................................................................................4
Importance, future and the issues handled by HRM program.....................................................4
Program to be introduced.............................................................................................................4
Nature and scope of the program.................................................................................................5
Why the program should be introduced and what HRM issues is it addressing.........................5
financial implications of the program..........................................................................................7
Risk associated with the program................................................................................................7
SUMMARY.....................................................................................................................................8
RECOMMENDATIONS.................................................................................................................9
REFERENCES..............................................................................................................................10

Covered in PPT
INTRODUCTION
Human Resource Management is the term used to describe formal systems devised for the
management of people within an organization. The responsibilities of a human resource manager
fall into three major areas: staffing, employee compensation and benefits, and defining/designing
work. Woolworths is a British multinational groceries and general merchandise retailer with
headquarters in Welwyn Garden City, Hertfordshire, England, United Kingdom. It is the third-
largest retailer in the world measured by gross revenues and the ninth-largest retailer in the world
measured by revenues. This report contains topics such as future of HRM program and the issues
handled by it. Program to be introduced by the company and nature and scope of the program.
Why is it necessary to implement the program and the benefits of it. Financial implications of the
program and the risk associated with it.
Importance, future and the issues handled by HRM program
The HRM program enabled by Woolworths addresses the area of capital management and talent
development so that company can invest in areas which are secure and their employees can be
prepared for the uncertainties in the market.
Future of HR involves many aspects such as
Collaboration between human and the digital
The sector of HRM is expected to reach around $ 30 billion by 2025. Due to
advancement and development in the sector of information technology the traditional values and
methods is getting easier for the HR of the company. In the next few years the focus of this
sector is to be on the analytics of prediction, enhanced process of automation and the aspect of
artificial intelligence. It is necessary that Woolworths employs only those people who are highly
skilled as it is necessary because of the future advancements and the role that technology will
play in the sector. This will help the company to be able to comply with the technological factors
upgraded in future.