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HRMT 301 - Human Resource Management

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American International Theism University

   

Human Resource Management (HRMT-301)

   

Added on  2020-03-13

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In this assignment, we will discuss Human Resource Management. we also cover leadership and customer experience management reading and your Personal Beliefs, experience, and leadership principles.

HRMT 301 - Human Resource Management

   

American International Theism University

   

Human Resource Management (HRMT-301)

   Added on 2020-03-13

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Running head: HUMAN RESOURCE MANAGEMENT Human Resource Management Name of the studentName of the UniversityAuthor Note
HRMT 301 - Human Resource Management_1
1HUMAN RESOURCE MANAGEMENTExecutive SummaryIn this assignment regarding human resource management, there has been provided a detailedanalysis of the human resource activities that will be reducing the employee related costs. Theorganizatub that has been selected is Tesco. In respect of hiring and retaining better performingemployees, it can be stated that high rates of turnover will be resulting in substantial expensesregarding lost productivity as well as training. In respect of improving training and mentoring itcan be stated that, appropriate training as well as mentoring is considered to be the most essentialaspect for undertaking cost reduction.
HRMT 301 - Human Resource Management_2
2HUMAN RESOURCE MANAGEMENTTable of ContentsIntroduction......................................................................................................................................2HR activities that can be applied to reduce employee related costs................................................2Recommendation for the organization...........................................................................................10Conclusion.....................................................................................................................................11Reference.......................................................................................................................................12
HRMT 301 - Human Resource Management_3
3HUMAN RESOURCE MANAGEMENTIntroduction Tesco is a British multinational grocery as well as general merchandise retailer having itsheadquarters in England, United Kingdom. It is regarded to be the third largest retailer globallymeasured by profits and ninth largest retailer globally measured by revenues. It is having storesin 12 countries across Asia as well as Europe. The mission statement of Tesco does the identification of their approach to communitiesas well as the environment for creating value regarding the customers in respect of earning theirlifetime loyalty. The objectives of Tesco is to become a successful global retailer, to grow the core UKbusiness i.e. increasing the market share in UK and to be as strong regarding non-food productsas in food products. HR activities that can be applied to reduce employee related costs Within a challenging economy, the fundamental goals of a business organization inrespect of its staffs are to do the reduction of costs as well as do the improvement ofproductivity. The human resource activities that can be applied for reducing employee relatedcosts are mentioned as under, 1. Hire & Retain better performing employees. High rates of turnover will be resulting insubstantial expenses regarding lost productivity as well as training. As a matter of fact, in respectof every $10,000 in salary regarding a departed major staff, the employer does the losing ofalmost six days of productivity. For avoiding increased turinover without increasing the expenses
HRMT 301 - Human Resource Management_4

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