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Human Resource Management Tesco : PDF

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Added on  2020-09-17

Human Resource Management Tesco : PDF

   Added on 2020-09-17

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HUMAN RESOURCEMANAGEMENT
Human Resource Management Tesco : PDF_1
Executive SummaryThe aim of the report is to develop understanding about international HRM strategies forconducting joint venture. Study discusses reward management and its impact on businessperformance. It describes advantage of HRM strategy on improving engagement ofemployees.
Human Resource Management Tesco : PDF_2
ContentsExecutive Summary.........................................................................................................................2INTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1LO 2.................................................................................................................................................4Recruiting process of Tesco.........................................................................................................4LO 3.................................................................................................................................................5LO 4.................................................................................................................................................7Training and development approaches........................................................................................7LO 5.................................................................................................................................................8LO 6.................................................................................................................................................9LO 7...............................................................................................................................................10Conclusion and recommendation..................................................................................................12References......................................................................................................................................12Alec Rodger’s Seven-Point Plan And Munro Fraser’s Five-Fold GradingSystem. 2010.[Online]. Available through <https://bzowy.wordpress.com/2010/11/08/alec-rodgers-seven-point-plan-and-munro-frasers-five-fold-grading-system/ >..........................................................14
Human Resource Management Tesco : PDF_3
INTRODUCTIONHuman resource management (HRM) is essential function of the business unit. This helpsin hiring skilled labour in the organization and retaining people in the workplace for longerduration (Loucks and Van Beek, 2017). HR mangers motivate employees and train them in suchmanner so that they can perform well and feel satisfied in the organization. In order to expandbusiness in other location it is essential for the company that to look upon the market conditionand analysis skills gap. This helps in providing training to existing staff so that they can performwell in the new location. Present study is based on Tesco which is the international retail firm.Company is currently operating its business across the world. Recently it is planning to establishjoin venture in Russia (Wilton, 2016). In order to successful conduct operation in the newlocation it is very important that Tesco recruits talented staff members those who can performwell in the new country. Study will include overview of the business. It will conduct PESTLEanalyses of Tesco for the Russia market. Furthermore, assignment will explain recruitmentprocess in the company. LO 1Tesco (Company profile)Tesco is the multinational firm and the leading retail firm. It is the public limited firm, ithas 6553 stores across the world. In the year 2017 total revenues generates by the company was55917. Its operating income in the same year was 1280. Company has employed 476000employees in the year 2017 those who are serving well to the consumers. Tesco implementsstrategy to improve its global performance so that it can gain competitive advantage and canraise its revenues as well (Brewster, Mayrhofer and Morley, 2016). 1
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