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Functions of HRM and Recruitment Approaches in TESCO

   

Added on  2023-01-12

14 Pages4333 Words75 Views
Human Resource
Management
1

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Explanation of the purpose and the functions of HRM, applicable to workforce planning
and resourcing an organisation....................................................................................................3
P2 Strengths and weaknesses of different approaches to recruitment and selection..................4
TASK 2............................................................................................................................................6
P3 Benefits of different HRM practices for both the employees and the employers within an
organisation..................................................................................................................................6
P4 Effectiveness of different HRM practices in terms of raising organisational profit and
productivity..................................................................................................................................7
TASK 3............................................................................................................................................8
P5 Analysis of the importance of employee relations in respect to influencing HRM decision-
making.........................................................................................................................................8
P6 Identify the key elements of employment legislation and the impact it has upon HRM
decision- making........................................................................................................................10
TASK 4..........................................................................................................................................10
P7 Illustration of the application of HRM practices in a workrelated context, using specific
examples....................................................................................................................................10
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Human resource management refers to practices aimed at increasing effectiveness of
employees of an organisation. This report aims at understanding the various functions of HRM in
an organisational context of TESCO which is a leading grocery retailer in the UK domestic
markets and was founded in the year 1919 by Jack Cohen. The report attempts to evaluate the
different methods of recruitment and importance of HRM practices in increasing employee
productivity and organisational profit as well (Smith, 2016). In this project report, an attempt has
been made to evaluate the importance of employee relations in HRM decision-making and how
various laws affect the HRM practices within an organisation. At last, the report aims to provide
an example of implication of HRM practice in an organisational context.
TASK 1
P1 Explanation of the purpose and the functions of HRM, applicable to workforce planning and
resourcing an organisation.
Human Resource Management refers to a set of practices and concepts used by the human
resource managers of an organisation which aims at managing and controlling the most
important resource of an organisation i.e. human resource and employees (Samantara and
Sharma, 2015). It aims at maximising the employee productivity within an organisation.
Effective utilisation of every other resource of an organisation majorly depends on the efficiency
and effectiveness of human resource. TESCO plc employees over 4,50,000 people in an year
which makes it extremely crucial for the company to effectively manage its human resource
(Renwick, Redman and Maguire, 2013). HRM functions assists attainment of organisational
objectives by directing efforts of employees. Workforce planning refers to the estimation of staff
and human resource requirement, appointment and training of the people with relevant skills
required for completion of tasks assigned to them. Some of the most important functions of
HRM related to workforce planning done by the management of TESCO plc ltd are as follows:
Recruitment:
Recruitment refers to the hiring of people for conversion of organisation resources into
useful products and services. Effective recruitment is the function and most important objective
of HRM. The human resource manager of TESCO ltd undertakes the process of recruitment by
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charting out the skills and abilities required for execution of tasks. It helps the company appoint
the right kind of people with right skillset.
Training & Development:
Training and development of people who are recruited during the first stage is as essential
as any other function of HRM. Effective training of employees help them to deal with real world
problems in a better way during job posting. Training modules and systems have been prepared
by the managers of TESCO plc under which the current skills and abelites of every employee is
determined and the programme is developed to inculcate the required skills for job execution.
Performance management:
Performance management is another important function of HRM. It refers to a
monitoring programme aimed at evaluation of employee performance and comparison of actual
results or performance with the standard performance to find any deviations and take corrective
actions or steps. High performance working teams have been developed by the management of
TESCO with the help of effective performance management. Employees tend to perform better
when they are aware that their performance is being monitored and evaluated at every stage.
Compensation:
HRM managers have the responsibility and function of designing compensation models
which have the potential to attract and motivate employees to perform with their best potential
for achievement of organisational goals. The management of TESCO plc has adopted
performance-linked rewards system for inducing better operational and employee efficiency.
All these functions of HRM are extremely important for any organisation to achieve
organisational goals and effectively undertake workforce planning and resourcing for any
organisation.
P2 Strengths and weaknesses of different approaches to recruitment and selection.
Different approaches used by management of TESCO plc ltd for recruitment process
includes internal recruitment and external recruitment. There are some merits and demerits of
both the approaches. Here is a brief explanation of both the methods of recruitment and
selection:
Internal recruitment:
Internal recruitment refers to the process of recruitment where an opportunity for
employment or vacancy is filled from within the current pool of employees of the organisation
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