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Importance of HR Strategies in Tesco

   

Added on  2022-12-30

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HUMAM RESOURCE
MANAGEMENT
Importance of HR Strategies in Tesco_1

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
A. Value was created by firm by using HR strategies.................................................................3
B. Impact of regional and national culture on the practice of HRM...........................................4
C. Organisation’s model of employment and state the organisational levers..............................5
D. Difference between HRM and Personnel Management as a benchmark................................6
E. Importance and significance of local culture..........................................................................7
F. Differences in terms of employment laws when international HRM changes local
businesses....................................................................................................................................7
G. Recommendations...................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
Importance of HR Strategies in Tesco_2

INTRODUCTION
Human resource management are very essential department in a large organization since
they help the company to be able to operate and function effectively. The internal and external
factors of the company are going to be well maintained since the competition in the market is
increasing. The company will have to make sure that they are making the right decisions
according to the internal and external environment of the organization so that there is going to be
higher functioning as well. Human resource is going to act as a bridge between the employees
and the management which is going to help businesses be able to have higher productivity and
operations as well. Human resource management is also going to make sure that there is going to
be effective motivation and rights which all the employees must be having so that there is going
to be higher functioning and operations which is a very important element.
Tesco has been working in the market from a long run which is since 1919 in the retailing
industry. The founder of the company is Jack Cohen and its headquarters is in England, United
Kingdom (Hanić and Jevtić, 2020). The company is having more than 450,000 employees as of
2019 working in the organization and the net income of the organization is £1.320 billion as of
2019. The report is going to be consisting of strategies, models for employment, practices and
laws which are being used in the organization which is a very important factor for the business to
have. There has to be effective working and decisions which have to be taken therefore
understanding these aspects for the business is essential which is going to help the business be
able to grow further making the functioning more effective.
MAIN BODY
A. Value was created by firm by using HR strategies
There are a lot of strategies which are present in the market which can be used by the
business to be able to operate effectively. Tesco has already made a strong base for them in the
market by getting in the right HR management so that the internal functioning can be effective.
The employees of Tesco are very well trained and skilled Therefore it is very important for the
company to use the right strategies in order to make the employees be more satisfied. Employees
are the backbone of Tesco therefore their cultures and values have to be respected and given
Importance of HR Strategies in Tesco_3

important in the organisation so that they feel more comfortable and would be able to given their
best to the organisation. Good planning is required in all the organisations which are present in
the market since there is a growth of competitors and the demands of the customers are
increasing therefore to get a higher profitability the companies need to make the right decisions.
There also has to be customized employees which are present in the company so that there is
going to be higher productivity and operations which would be present (Peccei and Van De
Voorde, 2019).
The company is using a lot of strategies to hire the right employees even after all the
cultural differences which are coming for the organisation while they are expanding themselves.
There has to be soft skill training, physical therapy, counselling and other methods which can be
used for the employees of the organisation so that there is going to be higher outcomes. The
outcomes of the organisation have to be right because Tesco has made a standard for them in the
market which has to be maintained and developed overtime. Demand and supply of Labour is
very essential into school making the company have a higher reputation and standards for
themselves making sure that the organisation is getting in more loyal customers and trust as well
from them and the staff working in the company.
B. Impact of regional and national culture on the practice of HRM
The culture is going to impact the practise of HRM regionally and nationally which the
company would have to understand and make decisions accordingly. There are a lot of
employees who are going to be confused regarding the functioning of the organisation since the
Employees culture and organisations culture are going to be very different from one another.
There are a lot of changes which the practises will have because the employment laws are
different from one country to the other. In United Kingdom that is a set wage which has to be
paid to the employees who are working in the organisation so that the satisfaction level of the
employees is going to improve (Karami, Farokhzadian. and Foroughameri, 2017). There are
popular culture values which are present for the HRM to follow making sure that the employees
are putting in their best. Regionally the company is going to have a good base for their products
and services and their reputation is also going to be higher but they need to work on their
Importance of HR Strategies in Tesco_4

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