Benefits of HRM Practices in Tesco

Human resource
management

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1) Purpose and function of HRM..............................................................................................1
P2) Strengths and weakness of different approaches to recruitment and selection....................3
LO2..................................................................................................................................................5
P3) Explain the benefits of different HRM practices within an organisation.............................5
P4) Evaluate the effectiveness of different HRM practices........................................................7
LO3..................................................................................................................................................8
P5) Analyse the importance of the employee relation that influence HRM decision-making....8
P6) Identify the key elements of employment legislation...........................................................9
LO4..................................................................................................................................................9
P7) Illustrate the application of HRM practices..........................................................................9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
HRM is a crucial as well as a complex task that includes a number of activities like
recruitment, selection, induction, orientation, performance appraisal and monitoring, motivating
employees, training and development programmes, etc (Bailey, 2018). which are necessary for
maintaining and retaining good employees for a longer period of time to achieve strategic
objective of an organisation (Human resource management, 2020). The organisation selected for
this assignment is TESCO plc which is a multinational British retailer and merchandise company
dealing and providing a wide range of packed food items, groceries, clothing, electronic items
together with a range of home appliance and finical services to its customers. This report
includes a discussion over purpose and functions of HRM together with strengths and weakness
of various recruitment and selection approach. Beside this, benefits of HRM practises and its
effectiveness in raising profit and productivity is also included. Further, this report consist of
importance of employees relation and elements of employment legislation that have a significant
impact on decision making of an organisation. At last, application of HRM using specific
examples in a work related context is also provided.
LO1
P1) Purpose and function of HRM
Human resources management is basically a strategic approach of an organisation that
aim at effective development and management of workforce of a company in order to gain a
better competitive advantage and strength through maximization of employees performance
(Banfield, 2018).
Tesco: Tesco is a UK based retail giant. It deals in groceries and general merchandise. It
ranked world's ninth biggest retailer in terms of revenues. Tesco was established by Jack Cohen
in the year 1919. Tesco has various subsidiaries like Tesco bank, booker group, telecoms, Tesco
tech support.
Human Resource Management Purposes:-
1. Supervise employee’s to ensure that they are working properly.
2. To take out best possible output from available resources.
3. To hire talented employees for effective and efficient working of an organisation.
4. To retain best employees by giving them monetary or non monetary rewards.
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5. HRM is responsible for creating good working environment in order to increase
employee's job satisfaction.
6. HRM is accountable for ethical and fair functioning of the company.
Human Resource Management Functions:-
Staffing: It the responsibility of HR manager to recruit talented employees from the pool
of applicants. Tesco is a retail company therefore it needs employees with talent of efficient
marketing. Tesco should allow applicants from non-marketing backgrounds because marketing
does not come through education. It is inborn trait of an individual. HR manager should screen
candidates with sales acumen and psychometric test to evaluate their skills.
Training and Development: Knowledge of marketing gained by employees in their
degree is not sufficient in itself. HR manager should provide training to employees so that they
can work efficiently and contribute to the organisation's growth. In Tesco’s context, it is the duty
of HR manager to conduct proper training and development of employees before they seek
practical exposure to the market (Bastida, 2018).
Orientation: When an employee joins a new company than the introduction to working
environment, company's various policies, compensation structure, promotion and incentive
criteria provides by the HR manager is called Orientation. Tesco’s HR manager have to provide
thorough introduction of company’s work and policies when a management trainee join the
company. Employees should have the knowledge of company, company policy and promotion
and incentive criteria.
Remuneration: HRM is liable to pay appropriate salary to all its employees according to
the difficulty level of their work and their performance in that work. Compensation can be
monetary or non-monetary like promotion, power or perks. Tesco should compensate their
employee in reasonable amount. They must provide minimum living wage to their employees.
They should provide sufficient salary so that employee satisfaction and loyalty towards the
company boost up.
Maintenance: HR manager is accountable for maintaining good and comfortable
working conditions of the firm. Employee's grievances should address efficiently. There should
be peace and harmony among colleagues. Tesco is a retail company. Tesco should provide
necessary allowances required by employees like travelling allowance, house rent allowance,
dearness allowance etc.
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