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Human Resource Management Assignment - Marks & Spencer Group plc

Added on - 23 Nov 2020

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Human ResourceManagement
INTRODUCTIONHuman resource management refers to the proper management of resources which arerequired for the running and operating of an organisation's functions, activities and operations. Itcan be impressive governance of employees in a company so that they can help the managementin gaining competitive advantages(Stone and et. al., 2015). This assignment based on Marks &Spencer Group plc. Which is a British multinational retail organisation. This firm was foundedby Michael Marks and Thomas Spencer in 1884 and headquartered in Westminster, London, UK.This organisation deal s in selling high quality clothing, food products and home products. Thisreport will discussed about the purpose and scope of human resource management in terms ofresourcing and evaluate the effectiveness of the key elements of HRM. Further will be definedabout internal and external factors that affect HRM decision making and HRM practices in awork related context.TASK 1P1.Purpose and the functions of HRM, applicable to workforce planning and resourcing anorganisationOverview of the company- Marks & Spencer is a British multinational retail organisation whichwas founded in 1884 and headquartered in London, UK. This company manufacture high qualityclothing products, food product and home products. There are 80,787 employees who areworking under this firm . The revenue of this company is £10,377.3 million,net income is £ 37.3million and operation income is £ 601million. The mission of this organisation is to makeaspirational quality products and services which re accessible to all. The vision statement of thisfirm is to manufacture standard products in comparison to its competitors that provide a goodexperience to its customers. The objective of this organisation is to offer quality products thatcaters for the middle to lower-upper class.Human resource management indicates to a method and manner of management ofpeople in an company(Albrecht and et. al., 2015). This process include achievement, assortment,preparation and improvement and motivating people.Purpose and functions of HRM-There are various functions of HRM and some of them are asfollowing:
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