Importance of HRM in Workforce Planning and Resourcing at TESCO

   

Added on  2023-01-11

13 Pages4076 Words27 Views
HUMAN RESOURCE
MANAGEMENT
Importance of HRM in Workforce Planning and Resourcing at TESCO_1
TABLE OF CONTENTS
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
LO 1............................................................................................................................................................3
P1 Purpose and function of HRM with respect to workforce planning and resourcing TESCO..............3
P2 Strength and weaknesses of different recruitment and selection approaches......................................4
LO 3............................................................................................................................................................7
P3 Benefits of different HRM practices to both employers and employee..............................................7
P4 Effectiveness of HRM practices to raise profit and productivity of Unilever.....................................7
LO 3............................................................................................................................................................9
P5 Importance of employee relation in influencing the decision making of the HRM.............................9
P6 Key elements of employment legislation and its impact on decision making of HRM.......................9
LO 4..........................................................................................................................................................10
P7 HRM practices in a work related context.........................................................................................10
CONCLUSION.........................................................................................................................................11
REFERENCES..........................................................................................................................................12
Importance of HRM in Workforce Planning and Resourcing at TESCO_2
INTRODUCTION
It is very important for the business to have an effective human resource management as
the working staff is the most important asset for the business and managing them effectively
leads to business productivity(Bisharat and et.al., 2017). Present study is based on the company
TESCO that is a British multinational firm founded in the year 1919 by Jack Cohen. Report will
include the functions of HRM and its application to workplace planning. Report will include
different approaches of recruitment and selection and its advantages and disadvantages. Further
report will include benefits of different HRM practices for both employers and employees.
Report also includes different HRM practices that help the business to raise profit for the
business. Report will include the importance of employee relations to have effective decision
making of the business. Further, report includes different legislation and its impact over the
decision making of the business. Finally, report will include different HRM practices in work
related context.
MAIN BODY
LO 1
P1 Purpose and function of HRM with respect to workforce planning and resourcing TESCO
It is very important for TESCO to have an effective management of its staff members as
it helps the business to compete in market and for the same, business is required to allocated
right resources for the business. Human resource management works effectively for the strategic
planning have following functions within the workforce planning:-
Staffing needs:- HRM is having its main function to recruit and select candidates that
match with the actual job role so that with their key skills they are able to perform their
respective roles(Oke, 2016). They also work to establish different organizational laws
and have their key eye whether the employees are following the same. They terminate
such employees who violate organizational laws and on bases of the performance of
employees, they give promotions.
Importance of HRM in Workforce Planning and Resourcing at TESCO_3
Compensation:- Another major role of HRM within the workforce planning is to provide
equal and fair wages to the employees on bases of their capability and skills. They
evaluate the pay structure of TESCO and work effectively to satisfy its working
staff(O’riordan, 2017).
Benefits:- HRM at TESCO works on different benefit programs in order to recruit
candidates and make them work for long period in the organisation. There are different
benefits that HRM provides to its employees such as insurance, retirement plan, health
and safety etc. with the help of which employees retain for long period at TESCO.
Performance appraisal:- The employees performance is been evaluated by the HRM and
on bases of that only, they provide them appraisals. Employees who perform well are
promoted to higher positions and if the employee is not able to perform well for a long
period, strict action is taken by HRM and is been terminated(Dahie and Mohamed,
2017).The performance appraisal helps TESCO to retain its potential employees for long
period of time.
Law Compliance:- HRM at TESCO is having its another function to track different rules
and regulations in order to keep them up to date. It may include health and safety law,
Discrimination law and many more about which the employees need to be aware of.
The above function of HRM works to provide an effective talent and skills to the working
employees so that TESCO is able to achieve its respective objectives. Business is able to
achieve different goals with the help of Human resource managers as they work to create an
environment for the working staff where they can utilize their knowledge and skills to
achieve business goals. They provide a right direction to the working employees so that they
are able to work effectively by matching with the business standards. The HRM provide time
to time feedback to the employees in order to make improvement in their working pattern
and effectively designing their job role on bases of their acquired skills and knowledge.
P2 Strength and weaknesses of different recruitment and selection approaches
Both recruitment and selection is having a great impact on achievement of the business
objectives as they helps the business to acquire such employees that are having required skills
and knowledge matching with job role.
Recruitment:-
Importance of HRM in Workforce Planning and Resourcing at TESCO_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Human Resource Management: Purpose, Functions, and Practices at TESCO
|14
|4198
|97

Recruitment Process: Purpose, Functions, and Benefits of HRM Practices
|19
|5200
|2

Benefits of HRM Practices in Workplace for Employer and Employees
|15
|4578
|54

Human Resources Management (Assignment)
|16
|4338
|30

Importance of Employee Relations in HRM Decision Making
|12
|3879
|50

P1 Purpose And Functions of HRM (pdf)
|15
|4435
|64