HRM | What is Human Resource Management?

Running Head: HRM
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TESCO
19-20SEM2AASHR007-1
HRM
3/13/2020

HRM
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Contents
Introduction......................................................................................................................................2
The role of HR matrix......................................................................................................................2
Issues and challenges which the HR faces......................................................................................2
How to resolve those HR issues and challenges..............................................................................3
HRM theory and practices...............................................................................................................3
Conclusion and recommendation for change..................................................................................4
References........................................................................................................................................5

HRM
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Introduction
HRM is the practice that helps in managing the employees of the company Tesco and also
maximizing the return on investment. The role of HR in the company Tesco is to recruit the
employees and provide then effective training. The major function of the HR in the company is
to plan what the number of the employees are needed in the company and how to organize and
direct them so that they work effectively in the company (Prieto and Pérez-Santana, 2016). The
functional role of HR in the company is also to performance appraisal and provides
compensation to the employees. The report will recognize the role of the GR matrix and focusing
on resolving the issues and challenges which HR faced in the company Tesco.
The role of HR matrix
HR matrix is the operational measures that are used in the company Tesco so that efficiency and
effectiveness in the company can be addressed. There are several roles which the HR Metrics has
to play while recruiting such as time to hire is the metric that fills the starting date of the
candidate until the endpoint. The efficiency of the recruitment process is determined through the
cost per hire metrics which is evaluated by dividing the total cost of hiring per the number of the
new hires (Junni, et al., 2015). Early turnover is the metric that is expensive and it helps in
evaluating the mismatch between the company Tesco and the position of the person. This metrics
is evaluated through the percentage leaving the candidates in the first year.
The high potential leave can be evaluated by HR through the metrics of the time since last
promotion which is evaluated through the average time in the months till the last internal
promotion of the candidate (Brewster and Hegewisch, 2017). The role of the HR metrics is also
related to the revenues which help in indicating the quality of the hired employees and it is
evaluated through the revenues per the total number of the employees. Another metrics is the
cost efficiency which is expressed in dollars by evaluating the cost of the HR per employee
Issues and challenges which the HR faces
There were many issues and challenges which the HR faces in the company Tesco such as to
attract the top talent in the company so that the best talent can be retained in the company and