Benefits of HRM Practices for Employer and Employee

Human Resource
Management

INTRODUCTION
Human resource management is an act or process of administer, organising and
controlling enterprise functions, action, operations and workforce of the institution. It can be a
process of hiring and choosing well qualified and knowledgable person for an organisation so
that the function of it can be in efficacious way (Albrecht and et. al., 2015). The responsibilities
and duties of HR administrative are segregated into several areas like staffing, recruitment,
training, induction and others. The main motive motive of HRM is to maximise the
productiveness and profitability of the business by monitoring the power of employees. Human
resource manager administrates the manpower and put emphasis on performing the policies and
process. They also help in making effective employees relation and maintenance of them. This
assignment is based on Tesco which is British transnational retail grocery store and
headquartered in England , UK. This written document will discuss about the purpose of HR
functions and roles & responsibilities of which is beneficial in accomplish business objectives. It
will also cover the several concepts and approaches such as personnel planning, recruitment &
selection, performance management etc. Different HRM practices will also define that help in
increasing productivity and profitability of the organisation. Importance of employee relations
and impact of employment legislation upon HRM decision making will explain.
TASK 1
P1. Explain the purpose and the functions of HRM
Company overview- Tesco is a British multinational groceries and general merchandise
retailer. This firm was familiar in 1919 by Jack Cohen and headquartered in Hertfordshire,
England, UK. It is the third largest merchandiser in theuniverse and operate its business with the
help of its number of stores approx 6800 crosswise the world (Altenburger and et. al., 2015).
There are 450,000 employees make their effort in running the business of this retail organization.
Mission- A mission statement of Tesco is to offer valuable product to it its employees so
that they can retain them till long term period.
Objectives- Business objectives of Tesco is to maximise the sales of the company to
increase the profitability. By making decrement in prices target lower and average income group
of people. Another objective of the company is produce healthy product to attract number of
potential client which help in maximising customer base.
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