Human Resource Management Tesco : Report
Added on -2020-07-23
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HUMAN RESOURCEMANAGEMENT
ContentsINTRODUCTION.....................................................................................................................................3TASK 1...................................................................................................................................................3P1 Purpose and Function of Human Resource Management...................................................................3P2 Strength and weakness of different approaches to recruitment and selection.....................................4P3. Benefits of HRM practices................................................................................................................7P4 Effectiveness of different HRM practices in terms of raising organizational productivity and profit.7TASK 2...................................................................................................................................................8P5 Significance of good employee relation.............................................................................................8P6 Key components of employment legislations & its influence on decision making.............................9P7 Application of HRM practices..........................................................................................................10CONCLUSION....................................................................................................................................14REFERENCES..........................................................................................................................................15
INTRODUCTION Human Resource Management is a management function that is mainly designed to maximize the performance of employees in an effective and efficient manner. It mainly focuses on people management within organization, emphasizing on policies and systems (Armstrong and Taylor, 2014). In simple words, “HRM refers to the process of managing people in a business entity in a structured and thorough manner.” It mainly covers the field of hiring people, performance management, retention of people, providing training and orientation and taking takeof pay and perks. The whole concept of HRM revolves around people i.e. employees of organization. It is also known as resource centered. According to Flippo “It is mainly concerned with people dimension and can be defined as a framework of developing, procuring and maintaining competent human resource in the business enterprise so that their goals and objectives can be accomplished in an effectual manner. This report is based on Tesco which is UK’s leading multinational grocery and retailer merchandiser. This report covers the purpose of HRM practices, strength and weakness of different approaches of recruitment and selection, benefits of training, importance of employee relation and lastly key elements of employment legislation. TASK 1P1 Purpose and Function of Human Resource Management The concept of Human Resource Management deals with managing and controlling the employees of a business enterprise in an effectual manner. The success and growth of any organisation depend upon the effectiveness and efficiency of employees. One of the main role of HR Manager is to hire right people at right job at right time. It is employees only who makes the entire company and execute all activities in an appropriate manner. HRM refers to the process of recruiting and developing personnel so that they become more valuable and important to an organisation. HRM includes hiring right people for the vacant job position, conducting job analysis, training and orientation, providing incentives and benefits etc. It is an art of managing personnel at work in such a way that they give or contribute their best to the respective organization for attaining its pre-defined goals. Workforce Planning means systematic analysis and identification of what an organizationrequires in context of size, quality and type of workforce in order to achieve its goals and objectives. It refers as a core function of HRM and is used to create business intelligence to inform the business entity about the current, future and transition impact of both external and internal environment on the company. TESCO believes that before meeting the requirement of customer it is important to fulfil the need of employees as well. They are the one generates higher profits and maximize sales leads. So every company is accountable to provide healthy working environment to its personnel and take care of its safety and welfare (Aswathappa, 2013).Purpose: 1. Their main purpose is to ensure that the business entity has a sufficient supply of individuals with the knowledge, skills and experience needed to accomplish its strategic objectives effectively and efficiently, both in long and short term.
2. To utilize the available resources of company in an optimum manner 3. To maximize to the fullest the self-actualization and personnel job-satisfaction level. 4. To maintain and develop quality of work life which leads to create desirable social working condition in an organization (Bloom and Van Reenen, 2011).5. To establish cordial relationship among management and employees. 6. To reconcile group/individual goal with business goal. Functions: It is broadly categories into two parts one is Managerial and Operative. Managerial Function: It includes planning, staffing and directing. Following are its brief explanation:Planning: It refers to the process of formulation of goals and policies keeping in mind the interestof both employee and management. Directing: It refers to the process of activating or collaborating group efforts to attain the desired goal. Tesco provides mentor to each new employee who properly guide and train them. Staffing: TESCO hires skilled and talented employees and also arrange various training programs for them which ultimately leads to achieve their productivity and efficiency. Operative Function: It include:Procurement: It deals with putting right people on right job in cost-effective and timely manner. Development: This function deals with improving the existing skills, knowledge and ability of employees. Tesco conduct multiple on the job and off the job training techniques such as mentoring, shadowing, job rotation which leads to enhance the performance of workers. Compensation: Employees are working in an organization so as to get pay as per their skills and contribution. Therefore, it is very essential for a business entity to provide compensation and benefit to personnel according to their contribution towards the organization. It can be in the form of monetary as well as non-monetary (Functions of HRM, 2017).P2 Strength and weakness of different approaches to recruitment and selection Recruitment refers to the process of stimulating the interest of candidate so that they can apply for vacant position available in the company. It adds value to the HR Process of respective company. It is all about attracting, interviewing and hiring new applicant. The prime responsibility of HR Department is to put right people on right job at right time in a cost-effective and timely manner. Basically it deals with seizing the attention of large number of candidates and convince them in best possible manner so that they can apply for vacant job
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