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Human Resource Management and Competitive Advantage

   

Added on  2020-06-03

14 Pages4340 Words70 Views
HUMANRESOURCEMANAGEMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different purpose and Functions of HRM.............................................................................1P2 Explain the different approaches of recruitment and selection..............................................2P3 Different practices of HRM benefit management and employees of firm.............................3P4 Effectiveness of HRM in increasing growth and productivity..............................................4P5 Value of employee relations in decision making..................................................................5P6 Elements of Legislation act of employees............................................................................7P7 Different applications of HRM Practices..............................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10

INTRODUCTIONHuman Resource management are responsible for managing resources of firms in aneffective manner. Performances of employees plays an important role in determining success offirms. Main objectives of these departments are linked with recruitment and selection ofemployees, making plans and policies so as to carry out activities in defined path, rewards shouldbe given to employees according to their business performances (Barney, Ketche and Wright,2011). Tesco Plc is multinational grocery stores and third largest retailer in world which aremeasured by net profit. Business activities expanded rapidly thus owner Jack Cohen was able tooperate more than 100 stores around the world. This Report comprises of different topics likefunctions and scope of HRM. Effectiveness of key elements and internal and eternal factorswhich affects decision making process. Application of HR practises in real business world.TASK 1P1 Different purpose and Functions of HRMThere are various functions and purpose of human resource department which are linkedwith management of resources in Tesco .Work force planning are tools which are involved inidentifying various needs of customers so as to achieve goals for firm.Different purpose of HRM are defined below:Major activities of HR are related with hiring, selecting and training and development ofemployees so as to carry of business activities in planned ways. Recruitment or hiring processare related with searching of employees who are capable of work and stimulating them to applyfor vacant position in Tesco. This process starts when company needs employees who hadpotential to do assigned task. Selection involves choosing right individuals from group of personwho are best suited for the vacant positions in cited firm. Training and development activities arehelpful in enhancing current skills and knowledge of employees who will perform business taskat cited firms. It gives practice ideas about how each task will be carried out to achieve businessobjectives by effective utilisation of resources (Bolman and Deal, 2017).Development of individuals who are employed at work place so as to enhance their skillsand attitudes.Encouraging team work at cited firms are helpful in ensuring kinship among employeesat work place. Healthy relations at work place are thus helpful in achieving profitabilityand retention of employees at Tesco. 1

Collaboration among managers and employees are helpful in performing business task inway which leads to success of firms. They encourages employees to understand theirroles and responsibilities to work effectively which leads to development of cited firms.Commitment of employees towards work can be achieved by developing strategies whichinvolves plans and policies for effective work procedures. Workers should do their workwith enthusiasm, they should accept all the challenges because is workers are satisfiedthey will achieve desired business goals. Functions of Tesco involved in Human resources management are discussed below:Safety and security: Operational Health and Safety act was passed in 1970 to ensuresafety of employees who are working at Tesco. This act was helpful in providing safetyto workers who are operating on hazardous machines which requires chemicals. If anyworkers are injured while doing business operations than they should be compensated.Workers should be given proper training to handle heave machinery so as to ensureworkers safety and healthy work environment (Bolman, 2017).Employee Relations: This functions is helpful in strengthening positive relations betweenmanagers and employees. This is helpful in reducing conflicts as problems of employeesare resolved soon because of strong bond. Positive relations can be achieved by jobsatisfaction, collecting bargaining procedures and negotiations between employers andemployees for work plans.Compensation and Benefits: If employees produces effective results than they aremotivated by different compensation packages which are offered to workers at Tesco.This function is helpful in motivating employees who are employed at work place.Compensation packages includes incentives, payrolls, bonus, salary and allowances.P2 Explain the different approaches of recruitment and selectionRecruitment and selection, both are part of hiring process. They are core function ofmanagement and the first step of appointing a candidate. Sourcing candidates means find out asuitable candidate who matches needs of the business organisation. The process of recruitmentrefers with collecting applicants pool in order to fulfilling vacant position. Whereas selection isseems as negative term; it is the process in managers are identifying the best one among all othervariable alternatives (Fine, 2012). Managers of TESCO are using various tools and techniques2

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