Human Resource Management and Planning in Tesco

Human
Resource
Management

EXECUTIVE SUMMARY
This report is founded upon how human resources management have a bearing on
business operations in an enterprise. This report provides brief explanation as to what the
purpose and obligation need to be performed in an enterprise. This is very essential for
enterprise that Human Resources posses the requisite ability and cognition about their
obligations which they need to execute in an enterprise. This will assist any enterprise to develop
and mature into their respective business sphere.

Contents
INTRODUCTION...........................................................................................................................4
TASK ..............................................................................................................................................4
Definition ....................................................................................................................................4
Explanation..................................................................................................................................4
Best practices:.............................................................................................................................5
Analysis of Human Resources Planning......................................................................................6
Benefits of Human Resource Planning........................................................................................7
Drawbacks of Human Resources Planning..................................................................................7
Human Resource Planning Procedure.........................................................................................7
Methodology selected to assess current staffing condition for HR capacity...............................8
Explain the internal and external factors which are being considered to forecast the future
staffing needs...............................................................................................................................9
The supply and demand issues which is faced by management in contemporary marketplace. .9
Talent development recommendations which will form of HRM business proposal...............10
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Human resources is crucial as it develops, reinforces,and changes the culture of an organisation.
If human resources does their job properly they can induce the stock price of the company to
jump as it becomes very attractive for employees to work at that place. Human resources is
critical in ensuring compliances with laws and regulatory norms. The chosen company for this
project is Tesco, a leading business in the supermarket industry which was founded in the year
1919 by Jack Cohen. The report below defines HR activities in conjunction with best practices.
Further this report delves into benefits and drawbacks which are associated with planning for
human resources. This report then goes onto describing various internal as well as external
factors which have crucial bearing on the future staffing needs of an enterprise. Further this
report describes gives an account about assortment of demand and supply bottlenecks in current
market. Moreover recommendation are provided on how to develop talent within an
organisation.
TASK
Definition
Human resources management (HRM) refers to procedure through which people are employed,
trained,compensated. It also includes development of policy related to employees and
development of strategy for retention of employees.(Stone, Cox, and Gavin, 2020). The Field of
HRM underwent many transformations over the years, assuming a fundamental in businesses
operating in contemporary times. Whereas before the field was limited to payroll process,
Gifting workers on their birthdays, making arrangements for excursions and ensuring proper
filing of forms.(Macke, and Genari, 2019) Put simply HRM assumed administrative functions,
whereas in present times it plays crucial role in making an enterprise successful. It is noteworthy
that mangers also sometimes assume human resource responsibilities without being in human
resource department such as motivating employees and figuring out how to retain talented
employees by way of incentives or material gifts etc.
Explanation
HRM has fundamental role making business a success as it focusses up the most crucial asset ot
capital, which is Human Capital. It has variety of importance in every business aspect which are
mentioned below: