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Factors Impacting HR Strategies in Marks and Spencer

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Added on  2023-01-13

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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.

Factors Impacting HR Strategies in Marks and Spencer

   Added on 2023-01-13

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Human Resource Management
Factors Impacting HR Strategies in Marks and Spencer_1
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
Factors Impacting HR Strategies in Marks and Spencer_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.
Factors Impacting HR Strategies in Marks and Spencer_3

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