2HUMAN RESOURCE MANAGEMENT Introduction Introducing effective training and development policies as well as adopting different motivational strategic initiatives, the human resource department focuses on ensuring the contribution of individuals in the growth process (Anderson et al. 2015). The purpose of this study is to critically analyze existing people and talent management policies in Tesco Plc. and how the policies bring significant impact in terms of ensuring the talent management practices in the workplace. Identifying the talent management challenges, improvement suggestions have been provided for betterment. Discussion Question 1 Tesco can be considered as the largest multinational retailer ‘in the UK market. In the year 1919, Tesco Plc. was founded by Jack Cohen and within few years, the company has become the global operator (Tescoplc.com 2019). Ensuring the strong dominance in the retail sector,effectiveHRpolicieshavebeenintroducedbyTescoPlc.,whichhasimportant contribution in terms of gaining competitive advantage in the market. Analyzing the training and developmentpoliciesin Tesco Plc., ithasbeen identifiedthatby simplifyingthe work environment it aims to develop core skills of the employees (Tescoplc.com 2019).Individual traininganddevelopmentpolicieshavebeenadoptedbyTescoPlc.Introducingthe technological upgradation,the skills of individuals are being development. Tesco can be considered as the crucial contributor in the retail sector that has introduced thePersonnel Today Awardfor excellence in L&D.
3HUMAN RESOURCE MANAGEMENT Beingtheglobalretailer,TescoPlc. promotesthehumanrightsand ensuresthe community engagement in its operational processes. It has been identified thatcore convention of international labor standardis being maintained in the organization. In order to maintain the operational transparency with the employees, Tesco Plc. has maintained strong commitment with UN Global compact. Ensuring the safety and security of the employees in the workplace the company has focused onpromoting equality and inclusivityso that diversified work culture can be valued (Tescoplc.com 2019). In terms of dealing with the financial and non-financial risks in the workplace, the Human rights commitment of the company is being approved by theGroup Quality director. Exclusive perspective indicates ‘either this or that’ on the other hand, inclusive approach indicates,‘thisandthatboth’.IntheinclusiveTescowelcomestheinclusiveworking environmentinwhichdifferenceisbeingvaluedandembraced.Inordertoensurethe opportunity for the colleagues Tesco aims to develop present and future skills so that they can be professionally strong (Tescoplc.com 2019). in order to introduce the inclusive culture in the workplace the company has developed it's little helps plan. in order to bring creativity in the workplacethecompanysupportsitscolleaguesbyprovidingthechancetosharetheir knowledge. Introducing the five colleague networks such asBlack Asian Minority Ethnic Network, The Armed Forces Network, The disability network, out at Tesco in which bisexual gay, lesbian intersex and transgender people are involved and Women at Tesco Networkhave been introduced. Question 2 A. Analyzing the training and development policies adopted by Tesco Plc. it has been identified that ensuring the all the standards of labor law as well as human rights, the company aims to
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4HUMAN RESOURCE MANAGEMENT provide standard environment to the employees (Tarique, Briscoe and Schuler 2015). Tesco Plc. tries to avoid abusing human rights and tries to meet the satisfaction of its stakeholders. By introducing the highest international standards, Ethical trading initiatives have been adopted by the company that has helped the company to develop effective Human rights framework in which equal opportunity of learning has been included. By developing the strong partnership with trusted suppliers, Tesco Plc. ensures the labor standard and human rights through its supply chain. Therefore examining the HR and training practices, it can be said that legislative guidelines ofSuccession policy, employee performance management, Equal employment opportunity, Equality Act, competency based hiring policy, career development and Anti- discrimination policyare being followed in the company (Tescoplc.com 2019). By continuing this, it can be said that providing equal learning opportunities, the company has ensured the growth of individuals. B. Training and development policies have significant impact in case of helping to achieve the strategic objectives of the company (Taylor, Doherty and McGraw 2015). Analyzing the strategic objectives in Tesco Plc, it has been identified that ensuring individual engagement the company aims to improve the performance standard in the workplace. In case of Tesco Plc. it has been identified that Training and development policies continue to ensure the long term welfare of the employees, which indirectly motivates them toward achieving the organizational goals. C. Analyzing the mission of TESCO PLC., it has been identified that the company aims to shape its identity by ensuring lifetime loyalty program. Analyzing the HR policies adopted by the company it can be said that by proactively engaging itself in the government taxation policies, the company maintains the ethical business operations in the market (Noe eta l. 2017). The tax principles are aligned with the values of the company which indirectly influence the decision
5HUMAN RESOURCE MANAGEMENT making process of the company. In terms of maintaining the balance between group’s interest with the relevant government regulation, the financial resources are being properly maintained in the workplace (Tescoplc.com 2019). On the other hand, in sufficient funding for training as well as improper data protection initiative, GDPR is impacting on the retail sector. D. Analyzing the current situation in the company it has been identified that although the company has introduced various talent and people management policies in terms of maintaining the fair business operations, however, due to poor hiring strategic implementation process, the company is currently dealing the ethical concern (Gabriel et al. 2016). On the other hand, in effective leadership practices are impacting on the employee turnover rate. Due to the changes in social attitudes of the customers, cultural policies of the company is getting affected. Although the company adopted the inclusive training approach, but it is true that without following the equality act small numbers of employees get trained, who are being selected by the management. It indirectly impacts on the overall talent management process. Question 3 Analyzing the situation in the company, it can be suggested that in case of dealing with the situation the managers needs tofocus on keeping the performance feedback, so that individuals’ can be able to get the chance for improving their performance. On the other hand, improper interaction between the suppliers and retailers has made them dissatisfied regarding the company trade policies. In this situation improving the current situation, effective training and development process is needed in terms of informing individuals regarding the company policies (Collings, Wood and Szamosi 2018). In order to ensuring positive talent management initiatives, transparent hiring process can be introduced. In terms of dealing with high turnover rate,
6HUMAN RESOURCE MANAGEMENT standard reward structureneeds to be introduced so that employees can get more interested to enhance their abilities for improving their talent. Before implementing the policies, the obligations of the company also needs to be shared with the stakeholders. Sharing policy process with the employees, TESCO Plc. can be able to effectively implement its policy for talent management by increasing its funding so that proper benefits can be provided to the employees. In order to implement the policy, the company may face difficulties in the training and development process (Fox and Cowan 2015). It can be assumed that while implementing the policy Tesco Plc. may face challenges due to inadequate material and human resources, which may lead to the implementation gap. Some of the cases, the gap between assumed outcome and actual outcome can create disappointing situation. Conclusion In this study, it can be concluded that people and talent management policies have significant impact in terms of improving the performance in the workplace. With the effective people management initiatives, not only the personal growth of individuals is being achieved, but also it plays an important role for bringing the professional growth. Analyzing the situation in Tesco Plc., it can be said that in order to improve the talent management initiatives in the workplace, the company needs to focus on focus on keeping the performance feedback in which talent of individuals can be managed.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7HUMAN RESOURCE MANAGEMENT Reference list Anderson,J.,Kuehl,R.A.,Drury,S.A.M.,Tschetter,L.,Schwaegerl,M.,Hildreth,M., Bachman, C., Gullickson, H., Yoder, J. and Lamp, J., 2015. Policies aren’t enough: The importance of interpersonal communication about workplace breastfeeding support.Journal of Human Lactation,31(2), pp.260-266. Collings, D.G., Wood, G.T. and Szamosi, L.T., 2018. Human resource management: A critical approach. InHuman Resource Management(pp. 1-23). Routledge. Fox, S. and Cowan, R.L., 2015. Revision of the workplace bullying checklist: the importance of human resource management's role in defining and addressing workplace bullying.Human Resource Management Journal,25(1), pp.116-130. Gabriel, A.S., Cheshin, A., Moran, C.M. and van Kleef, G.A., 2016. Enhancing emotional performanceandcustomerservicethroughhumanresourcespractices:Asystems perspective.Human Resource Management Review,26(1), pp.14-24. Noe, R.A., Hollenbeck, J.R., Gerhart, B. and Wright, P.M., 2017.Human resource management: Gaining a competitive advantage. New York, NY: McGraw-Hill Education. Tarique, I., Briscoe, D.R. and Schuler, R.S., 2015.International human resource management: Policies and practices for multinational enterprises. Routledge. Taylor, T., Doherty, A. and McGraw, P., 2015.Managing people in sport organizations: A strategic human resource management perspective. Routledge.