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Importance of Human Resource Development Assignment

   

Added on  2021-02-20

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Table of ContentsTITLE .............................................................................................................................................1CHAPTER 1: INTRODUCTION ...................................................................................................11.1 Overview of research............................................................................................................11.2 Background of TESCO.........................................................................................................11.3 Aim of Research....................................................................................................................11.4 Objectives of Research..........................................................................................................21.5 Questions of Research...........................................................................................................21.6 Rationale and significance of study .....................................................................................2CHAPTER 2: LITERARTURE REVIEW......................................................................................2Concept of Holistic Perspective of an Organisation and its Role in Business Growth...............3The Significance of Implementing HRM from the Holistic Perspective in Tesco Plc...............4Potential Influence of Effective HRM from the Holistic Perspective of Tesco Plc. on theStrategic Thinking and Formulation...........................................................................................6CHAPTER 3: RESEARCH METHODOLOGY.............................................................................7CHAPTER 4: RESULTS/FINDINGS.............................................................................................9CHAPTER 5: ANALYSIS/EVALUATION OF RESULTS/FINDINGS.....................................12Evaluation of secondary data....................................................................................................12Concept of Holistic Perspective of an Organisation and its Role in Business Growth.............12The Significance of Implementing HRM from the Holistic Perspective in Tesco Plc.............13Potential Influence of Effective HRM from the Holistic Perspective of Tesco Plc. on theStrategic Thinking and Formulation.........................................................................................13Evaluation of primary data........................................................................................................13

CONCLUSION..............................................................................................................................26RECOMMENDATIONS...............................................................................................................27REFERENCES..............................................................................................................................29

TITLE “An investigation to analyse the importance of developing effective HRM from theholistic perspective of an organisation and its impact on strategic thinking and formulation. Acase study on Tesco Plc”. CHAPTER 1: INTRODUCTION 1.1 Overview of researchHuman resource management introduces as an useful process of recruiting, selecting,providing orientation, inducting employees, appraising employee's performance, impartingtraining and development etc. (Mazur, 2015). All these are consider effective process which willhelp an organisation to retain employees for long time and accomplish better outcomes withingiven time period. Along with this, Holistic organisational development refers as developmentactivity looking at the entire organisation, people culture, system etc. Development of humanresource management is most essential for an organisation in its whole development and success.Holistic perspective in an enterprise is more essential for developing proper human resource thatsupports an organisation in accurate strategic thinking and formulation. For this dissertation,TESCO is a given British multinational general and groceries merchandise retailer in UK. 1.2 Background of TESCOTESCO is a British multinational general and groceries merchandise retailer. It wasfounded in 1919 by Jack Cohen and headquartered in Welwyn Garden City, Hertfordshire,England, United Kingdom. In this organisation, HRM department work with many otherdepartments with aim to achieving long term goals and objectives within given time duration.Main aim of the organisation is to holistically develop human resource management in regards toaid the strategic thinking as well as formulation also. Thus it develop value in processing theoperations and functions of TESCO within the commercial centre. 1.3 Aim of ResearchMain aim of this research is ”To analyse the importance of developing effective HRMfrom the holistic perspective of an organisation and its impact on strategic thinking andformulation”. A case study on Tesco Plc. 1

1.4 Objectives of ResearchTo understand the concept of holistic perspective of an organisation and its role inbusiness growth. To determine the significance of implementing HRM from the holistic perspective ofTesco Plc. To evaluate the influence of effective HRM from the holistic perspective of Tesco Plc. onthe strategic thinking and formulation. 1.5 Questions of ResearchWhat is the concept of holistic perspective of an organisation and its role in businessgrowth? What are the significance of implementing HRM from the holistic perspective of TescoPlc? What are the potential influence of effective HRM from the holistic perspective of TescoPlc. on the strategic thinking and formulation? 1.6 Rationale and significance of study Main rationale behind selecting and doing this research is to analysing significance ofdeveloping effective HRM from the holistic perspective of an organisation and its impact onstrategic thinking and formulation (Rok and Mulej, 2014). This research is most important inboth perspective such as academic and personal manner. It is biggest topic which will help aninvestigator by improving its time management skills, literature review skill, data analysis anddata interpretation skill. This research will also support an organisation by providing accurateinformation about the significance of human resource management in thinking and formulationof strategy. CHAPTER 2: LITERARTURE REVIEWLiterature Review can be defined as the already published information by an individualor group of individuals on a particular research area or topic. The main purpose of literaturereview is to present the ideas and research of another person in context of the the topic whetherin favour or against of. Literature Review is based on the findings or research done by anindividual that is presented as the secondary source for the use of other people. 2

Concept of Holistic Perspective of an Organisation and its Role in Business GrowthAccording to BILLY CHEUNG, 2018, Holistic refers to the overall development of anindividual, organization or anything else. But the consideration should focus on not only on oneaspect but on the overall aspects of the business in order to be considered as the HolisticApproach. For example, if we consider Holistic Marketing Strategy so this does not mean that itwill focus on only one concept but everything which relates to marketing of the product. Asmarketing is not only linked with the the promotion of the product, but also covers other aspectssuch as the arrangement of marketing campaign programs that could also help in the growth anddevelopment of the programs. The implementation of the marketing processes are also linkedwith holistic marketing concept. According to James Birrell, 2018, the concept of holistic perspective for organisations isconsidered with the overall growth and development of the organisations. The followingapproach relates with the development of organisations in all the related contexts. It is related tothe departmental development of organisations, infrastructure developments, workplacedevelopment, rules an regulations development and many more. Development does not relate toany one factors but it is the consistency of overall factors of an organisation that helps in creatingthe overall positive impacts on the image of the organisation (Pluta and Rudawska, 2016).Seems to sat that in case the workplace is developed than it will be beneficial only for theemployees and the satisfaction of the employees will increase, but it will not impacts upon thesatisfaction level of the customers at all. So for making improvement in the customerssatisfaction, the importance to product design, quality, marketing, marketing campaigns,promotional activities should also be taken into consideration and initiated. Likewise theconsideration should also be taken about the government, suppliers and many more people thatimpacts upon the working of an organisation. The collection of these helps and contributestowards the overall development of the organisations. So with the application of this perspectivein the organisation, it will be possible for it to ensure proper growth and development of theorganisation. It will also provide them with various benefits such as the increase in the quality ofproducts and services of the company, increase employees and customer satisfaction and manymore. Due to these reasons, it will be helpful for the company to adopt the holistic approach inthe working of the company so that improvement could be ensured. 3

In accordance with James Birrell, 2017, with the help of the holistic perspectives, it willbecome easy for the companies to ensure proper growth and development of the organisation, itis because of the changes in the ways of working of the company, use of new and automatedmachines and equipments which will help in increasing the pace of production and reduce thecost of production of the company will also related to creating better relation and coordinationamong the employees and with the management also. So the contribution made will help in theproper and sustainable growth and development of the organisation. As the companies will workon the overall perspectives of development, so the impact will be positive as the company hasworked on all the level of development and the satisfaction of all the aspects covered willprovide about the growth and development of the organisation. As such for the companies thesatisfaction of customers, suppliers, government, shareholders, stakeholders, managers,employees are very important and the company should look onto the satisfaction level of all theaspects that could contribute in the success of the organisation. Overall, in the holisticperspective of the organisation, it can be said that the focus of the organisation should be on theall the aspects that could impacts the organisation in both the positive and negative ways. For theexample, the consideration about the government could also be taken as with the help offollowing properly the rules and regulations made by the government, it will be possible for thecompany to reduce the government intervention in their working and could also get some helpand support from the government. The Significance of Implementing HRM from the Holistic Perspective in Tesco PlcAccording to Anna Pluta, 2019, the application of holistic approach in the humanresource department will prove to be very beneficial for the companies such as Tesco. There aremany benefits that could be availed by companies with the application of Holistic Approach intheir working such as the organisational acceleration. As there are many changes in theorganisation that takes place from time to time and for the adoption of these changes it isimportant for the companies to look over the personnel as they are ready to accept the changes.As the businesses are operated in ever changing environment and for this it is miportant for thehuman resource department to make rectuiment of those people woh are ready to accpet changeseasily, it is not for the benefit of the organisation but also for the benefit of their employees also.As the employees will get many new things to learn and this will also lead to the development oftheir own skills and abilities. 4

Their skills and efficiencies will also increase. It is because fir the development in theirskills and abilities they will be provided with the some training and development programswhere they will be taught about the new ways of working, the problems faced by them will beresolved in order to create confidence in them that they could also do that and in this way theprocess of implementatin of change in the organisation will take place. So the development ofthe skills and competencies of the employees will also contribute towards the success of theorganisation because the investment made by the company on the training and development ofthe employees will directly provide benefit to the organisations such as Tesco. The employeeswill work with the new ways of working of the organisation which will impact positively on thecost of production of the organisation which is reduced cost of production and with the help ofthis, Tesco will achieve efficiency in its working and will earn more profits or will provide theproducts to their customers at affordable prices which will help in good image of the company inthe markets. It will be easy for lower level people also to have the products and services of thecompany and this will help in increasing the customer base of the company. So it is important forthe companies like Tesco to focus on the implementation of Holistic Perspective in the HumanResource Management that could help in the overall growth and development of the organisationby Tesco. So the improvement by Tesco could be made in the strategies related to their recruitment,selection, training rewards, job design, status and security and many other factors of employeesand the company and the outcomes of which will result in the motivation ,cooperation,involvement, high productivity, low employee absenteeism and many more. These factors willprovide the company with many positive outcomes that could help in the growth anddevelopment of the company. As the improvement in these terms will also help the company ingetting the right people and who really wants to work for themselves and the company. Forexample, the improvement in recruitment and selection methods will reduce the crowd ofcandidates appeared for the interview by making the process more complex and this will alsohelp the interviewee to conduct interviews in a better way and free mind so that the decisionscould be made best in the favour of the companies. An organisation like Tesco when looks from the perspective of HR than the mainconsideration taken is about the people working in their organisation and this relates with theemployees and the human potential available to the business. The main purpose of HRM is to5

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