Factors Impacting HR Strategies in Marks and Spencer
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This report analyzes the various external factors that impact HR strategies decision-making in Marks and Spencer, including political, economic, socio-cultural, technological, environmental, and legal factors. It also discusses the employee legislations involved in HRM decision-making process.
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Human Resource Management
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 Various Factors that impact on HR strategies decision-making..................................................3 Employee legislations involve in HRM decision-making process..............................................6 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................2
INTRODUCTION Human resource management is process of planning and management of people in the organization for achievement of company goals. Human resource management is responsible for enhancing productivity and profitability of company by motivating and influencing customers to enhances its work. Marks and Spencer is a specialised in providing high quality clothes, food and home product that operates its business across various nation. It was established in 1884 by Michael Marks and Thomas Spencer and has 959 stores across UK. This report analysis various external factors that impact on HR strategies decision-making within an organization such employment market of UK. Various Factors that impact on HR strategies decision-making Human resource department is responsible for managing people to enhance skill and performance of employee by providing appropriate training and development. HRM take crucial decision regarding management of people to maximize employee performance and productivity for achievement of organisational goals (Jezowski, Thome and Calvert, 2018). It also takes care of policies and system of company so that more and more employees are encouraged to work effectively for growth and survival of business. It also designs various employees benefit schemes, plan performance appraisal and reward management.HR manager of Marks and Spencer is also responsible for building and maintaining strong interrelationship between employees for smooth operations of business. It helps in bringing changes in environment and helps in achievement of organisational goals (Putter, 2018). Thus, it can be stated that HRM plays an important role by managing most important and crucial resource of the company. There are various decision that are taken by HRM to enhance performance and productivity of employees. HRM strategics decision such as planing and organizing of people are effect by various external forces of the company. Therefore, factors that impact on functioning and strategics decision of HRM can be analysis and evaluated by conducting pestle analysis of Marks and Spencer. Pestle analysis of Marks and Spencer is as follows: Pestle Analysis:It is an analytical tool that is used by Marks and Spencer to identify various external factors that impact on strategic decision-making of HRM (Jiang,Kempinski and Chappell, 2016). Thus, company by evaluating and analysing various external factor that impact on HRM decision-making can gain competitive advantages and enhance its profitability.
Political Factor:HRM department has to make companies policies and procedures as per rules, regulation of government while recruiting, selecting employees in the organisation. Due to introduction of new workplace's compliance standard Marks and Spencer manager is under pressure to follow such rules while performing its activities (Nebbak and et.al., 2017).Due to Brexit, high employment rate in economy so government is forcing companies to recruit large number of employees. It has impact on decision-making of HR as it has to recruit large number of employees at the same time have to plan for training and development. HR manager of M&S while preparing various strategics to motivate and influence employees has to adhere to policies of government for smooth functioning of business (Epstein and Harding, 2020). If it not prepares strategics as per government rule it can even lead to close down operations of company and impact on brand image.It also reduces satisfaction and motivation level thus reducing productivity and profitability of company. HR has to continuous evaluates various changes or new policies made by government while operating its function. Thus, it can be said that HR department has to compiled with various rules and regulation while hiring, training, deciding compensation and termination of employee. Political factor adversely impact on HRM strategics decision-making and company objectives. Economic Factors:It refers to the economic condition or situation of economic of country such as employment rate, education level and disposable income of people.This factor is also not controlled by the company and impact adversely on functioning and strategics planning of HRM of Marks and Spencer. Such as economic of UK is facing situation of recession that means decreases in disposable income of people and high employment rate in the country. It affects HR strategics decision-making as manager can hire large number of employees at lower cost that helps in reducing cost of production and enhance profitability. It also helps HRM department of Marks and Spencer to decide upon compensation and other benefits to be paid in order to satisfied needs of employees effectively. As HRM by deciding appropriate compensation benefits can motivate employees to enhances its performance and productivity for achievement of organisational goals. Due to sudden change in market because of globalization manager of Marks and Spencer has to hires such people that can easily adapt to such change without much resistance. Thus, it can be state that economic factor also impact on strategics decision of HRM while performing its activities.
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Socio-cultural:This external factors includes belief, values and norms preferences of people living in the society. People of demand changes continuously and firm cannot operates its function in isolation with society as its includes employees, friends and relative of company. Marks and Spencer HRM manager has to analysis demographic structure, age of people living in the society. As if the economic has large number of old generation it cannot hire much youth that can take active part in growth and success of business (Kadiresan and et.al., 2018). But on other- hand if economic of country has large number of young generation Human resource department can hires employees by using innovative and differentiate method in planning compensation benefit of employees. UK has large number of younger generation so HRM department has to plan strategics that are attractive and offer interesting benefit to employees. Social-culture also helps in identifying belief, value preferences of people living in the society so it helps HR manager of Marks and Spencer in deciding method that are used to influence employees to work hard for achievement of organisational goals. HRM department by knowing social-culture of the country is also able to take decision regarding ways to communicate within other employees in the organisation. It also helpful in effective communication of information and policies as manager is aware of language and culture used by employees. Thus, it helps in effective transformation of information and quick decision-making of HR. Social -culture helps HRM department to build strong relationship with employees and helps in effective coordination thus reduces effort of HR manager. Strong relationship also helps in effective coordination and reduces conflict between employees at the same times helps in bring change quickly. Thus, it can be stated that Social -culture helps HRM department by reducing its efforts and enhancing coordination and productivity of employees. Technological Factor:It includes technology and innovation in the country so it also impacts on HRM decision-making as continuous changes in technology forces HRM to train and develop employees knowledge and skill to use update technology. Manager of Marks and Spencer has to plan for training and development of employees as per technical knowledge of people to enhance itsskillandknowledgeforachievementofcompaniesgoals.Duetodigitalizationand globalization company has to adapt to new technology thus plan various method to motivate employees to use such innovate method in manufacturing of products and services. Thus, it is explainedthattechnologicalfactoralsoimpactonstrategicsdecision'smakingofHRM department of Marks and Spencer.
Environmental Factor:It is factor that have come into existence in recent year due to limit resources in the environment. Marks and Spencer takes various steps to protect environment from such hazards for it HRM department of Marks and Spencer has to train employees to make effectively utilisation of resource and minimise waste reduction to protect environment. When company make such effort employee are high motivated and enhances their productivity and performance so such strategics is used by Marks and Spencer for achievement of company objectives. Legal Factor:It includes legal law, rule and regulation of country that impact on functioning of HRM as it has to follow all such legal laws while recruiting, selecting employees in the organisation (Epstein and Harding, 2020). HRM has to adapt to various legal laws such as employment law, discriminative and health and safety of employees while operating its function. Manager of Marks and Spencer company has followed employment law and ensure health and safety of employees while manufacturing products and services of the company. Manager in order to motivate employees doesn't discriminate and promote and transfer employees on the equal basis. Thus, it impacts on HRM strategies decision by enhancing performance and productivity of employees and helps in achievement of company objectives. Employee legislations involve in HRM decision-making process Employees legislation is another external factor that impact on HRM strategics decision making and help in achievementof organisationalgoals. It includeslegallaws such as discriminate law, equal pay, race relation and national minimum wages that are to be followed by HRM while performing its activities. Various legal laws that impact on HRM strategics decision making are as follows: National Minimum wages:It means HRM should provide minimum wages to all employees this law was made by government to protect interest of employee's (Wehrmeyer, 2017). Thus, national minimum wage forces HR manager of Marks and Spencer to provide minimum wages to all employees it also helps in enhancing productivity and performance of the employees and achievement of organisational goals. Race Religion:Government forces HRM department to promote, transfer and termite employees in the organization on specific condition. It means HR manager of Marks should not discriminate employee'sonthebasisofreligionwhilepromotingandtransferringemployeesinthe organisation.
Working time: Company should not force employees to work beyond 8 hours but if employee's want to work extra they are free to do so. Human resource management of M&S is forced to apply such rules in its policies and HR could not force employees to work more than 8 hours per day. Sex discriminate law:It provides protection to employees on ground of discrimination on the basis of gender such as male and female (Huemann, Keegan and Turner, 2018). This law forces HR manager of company not to discriminate between people on gender basis while promotions, transfer and termination of employee from the organization. HR should pay equal opportunities and pay to all employees thus motivate them to work hard for growth and survival of business. Equal Pay Act:Equal pay act is among the major influencer over HRM decision-making in M&S. To ensure the equality in the organization structure in respect to salary, wages and remuneration government in UK implemented this act over all corporate organization (Simpson and et.al., 2020.). This act enables the healthy work culture in company so that proper organization hierarchy can be maintained in the company. HRM in M&S offers equal salary to all the employee's in the organization based on the designation and job roles in the company irrespective of any gender, sex or any discrimination. Women empowerment is the biggest factor work behind implementation of this act. In past women in company's has witnessed some discrimination in respect to getting lower pay or salary. To overcome such an issue government implemented this act. This act also influence the HRM decision-making in respect to offer salary in process to owner promotion in the M&S. HRM needs to offer equal pay to all the employee's whilepromotingtohigherdesignationsinthecompany.Thisactensurestheeffective organization culture in the company. This act also influence over decision-making in respect to providing equal development opportunities in the organization. CONCLUSION From the above report it can be concluded that HRM department plays an important role in the functioning of business and helps in achievement of organisational goals. It can also be explained from above analysis that HRM strategics decision's are effect by various external factor. Pestle analysis and employee's legislation helps in identifying factors that impact on HR decision' making. At last, it can be concluded that HR plays an important role in the growth and successoforganizationbycontinuousmotivatingandinfluencingemployee'stowork effectively.
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REFERENCES Books and Journals Epstein, A. L. and Harding, G. H., 2020. Management styles and human resource development. InClinical Engineering Handbook(pp. 308-320). Academic Press. Epstein, A. L. and Harding, G. H., 2020. Management styles and human resource development. InClinical Engineering Handbook(pp. 308-320). Academic Press. Gavhane, and et.al., 2020. Tm-Tstop analysis and dosimetric properties of Ce doped BaB4O7 phosphor.Journal of Alloys and Compounds.817.p.152805. Huemann, M., Keegan, A. and Turner, R., 2018, September. Human resource management in the project-oriented organization. Project Management Institute. Jezowski, S., Thome, A. and Calvert, E., 2018. Breaking Covalent Bonds With a Mortar and a Pestle. Jiang,Z.,Kempinski,C.andChappell,J.,2016.Extractionandanalysisof terpenes/terpenoids.Current protocols in plant biology.1(2). pp.345-358. Kadiresan,V.andet.al.,2018.HumanResourcePracticesandRetention:Academicians Perspective.Advanced Science Letters.24(7). pp.4857-4860. Nebbak, A. and et.al., 2017 Comparative analysis of storage conditions and homogenization methods for tick and flea species for identification by MALDIāTOF MS.Medical and veterinary entomology.31(4). pp.438-448. Putter, A. A. D., 2018.Wind Energy in Japan: A PESTLE Analysis and Implications on Government Policy(Bachelor's thesis). Wehrmeyer, W., 2017.Greening people: Human resources and environmental management. Routledge. Online Employment-legislation.2019.[Online].Availablethrough: <https://businesscasestudies.co.uk/employment-legislation/>. Top 6 Factors Affecting Human Resource Management. 2019. [Online]. Available through : <https://www.businessmanagementideas.com/human-resource-management-2/top-6- factors-affecting-human-resource-management/19298>. 1