logo

Human Resource Management In Retail Enterprises

   

Added on  2021-02-18

15 Pages3960 Words30 Views
Unit 03– Human ResourceManagement

Table of ContentsINTRODUCTION...........................................................................................................................1LO1..................................................................................................................................................1P1 Purpose and function of HRM in workforce planning and resourcing at Tesco PLC............1P2 Strength and weakness of approaches which are followed for recruitment and placment atTesco Plc......................................................................................................................................3LO2..................................................................................................................................................5P3 Advantages of HRM practices for both employee and employer...........................................5P4 Impact of HRM practices on rise in profit and productivity of Tesco plc..............................6LO3..................................................................................................................................................7P5 Analyse the importance of employee relations in respect to influence the HRM decisionmaking. ........................................................................................................................................7P6 key elements of employment legislation and its impact on the decision making...................8LO4..................................................................................................................................................9P7 Application of HRM...............................................................................................................9REFERENCES..............................................................................................................................12

INTRODUCTIONHuman Resource Management plays a very crucial and important part in theorganisation. It is not only limited to recruitment and placement process but also, on the otheroperations which are taken within the organisation. They perform a range of operations whichwill help in meeting the operational requirements of entity, leading to rise in handling theoperational activities within the enterprise. They will look after a range of operations whichsupports a rise in carrying out of the operations within an corporation. The present report layfocus upon the HRM operations which are laid by the organisation which helps in the suitableplanning of the operations at UK based retail enterprise, Tesco Plc. It is one of the largestretailer of UK and around the world. The report will cover the details of the purposes and functions of HRM which isapplicable to workforce planning and resourcing. The strength and weakness of variousapproaches of recruiting is selected. The report focuses on the importance and value of HRMoperations for both employer and employee along with its profit and revenue generation. Thesignificance of employee relationship on decison making with various employee legislations areanalysed. Other than this, a range of applications of HRM practices are been undertaken.Company backgroundTesco PLC is one of the leading and largest retail enterprise that operates in UK.Founded 100 years ago, in 1919 by Jack Cohen at Burnt Oak, Barnet, it is a market leader ofgroceries in Europe. Besides this, the firm is also diversified in telecom, media and bankingsector. At present, it is a multinational enterprise which operates in 11 countries with about 6400shops. The firm has the employee power of about 460,000. The company's main slogan is "EveryLittle helps". In the FY, 2018, the company generarted a net revenue of £57, 491 million. Atpresent the comany own about 30% market share of the retail market within UK.LO1P1 Purpose and function of HRM in workforce planning and resourcing at Tesco PLCThe Human Resource managemengt operations which are undertaken by theorganisation will affect the overall operations which are undertaken within the enterprise to havea superior managemengt of the work force which is operating within enterprise (Budjanovcanin,2018). The HRM department of the organisation undertakes a range of operations which arefollowed within an enterprise that supports a good rise in operational capability and effectiveness1

of their work force to perform their job roles. They will see through a range of operationsincluding the recruitment, induction, training and development with employee orientation.Some of the major HRM functions which are followed by a business enterprise is asfollows:Managerial functions:It includes the HRM planning, organising the staff, recruiting, directing and controllingthe operations of the organisation. This will help them to perform their core responsibilities.Operational Functions:This includes the additional measures which are followed by the HRM department. Theywill look after the compensation, skill development adn training measures. Other than this, theyalso see through maintaining and motivating the workers at the workplace.Some major roles and responsibilities which are followed and maintained by HRM withinTesco plc for proper planning of the employees and resourcing within the enterprise are:2Illustration 1: Functions of HRMSource: Human Resource Management, 2019

End of preview

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

Related Documents
Functions and Approaches of HRM in Tesco Plc
|17
|4717
|70

HRM Practices and their Effectiveness in Tesco
|20
|4846
|97

Benefits of HRM Practices in Tesco
|17
|4893
|21

Benefits of HRM Practices in Tesco
|17
|4902
|22

UNIT 3 HUMAN RESOURCE MANAGEMENT.
|16
|4894
|94

Benefits of HRM Practices for Employers and Employees
|19
|5772
|39