Benefits of HRM Practices in Workplace for Employer and Employees

Human Resource
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1 .................................................................................................................................................1
P1) Discuss the purpose and functions of human resource management...................................1
Functions of HRM:.....................................................................................................................1
P2) Illustrate the positive and negative of distinguish approaches to recruitment and selection.
.....................................................................................................................................................2
LO 2.................................................................................................................................................5
P3) Discuss the benefits of different HRM practices adopted in Tesco for both employer and
employees....................................................................................................................................5
P4. Evaluate the effectiveness of different HRM practices in terms of raising organisational
profit and productivity. Tesco....................................................................................................1
LO 3.................................................................................................................................................2
P5) Examine the importance of employee relation in influencing HRM decision making
process. .......................................................................................................................................2
P6) Identify the key elements of employment legislation and impact .......................................2
LO 4.................................................................................................................................................2
P7) Highlight the application of HRM practices in a work-realted context..............................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................1

INTRODUCTION
Human Resource management is the practice of recruiting, deploying, managing and
hiring staff members in an organization (Amarakoon and Verreynne, 2018). It plays a vital role
in a company because it deals with issues associated with performance management, safety,
employee motivation, compensation, training and many more. . For the completion of the project
TESCO is undertaken. In the year 1919, this multinational retailer came into existence. The
various products offered by Tesco includes credit cards, loans, insurance of car etc. It is located
in Welywyn garden City, United Kingdom. The founder of this leading firm is Jack Cohen. The
objective of the report is to identify the importance of HRM within an organization. This
assignment covers purpose and functions of HRM. The positive and negative side of various
approaches to recruitment and selection are explained deeply. Benefits of HRM practices are
measured in an organization in context of both employer and employees. HRM practices
effectiveness is determined to raise productivity and profitability. Additionally, numerous
employment legislation act are studied to understand the impact of HRM on decision making
process.
LO1
P1) Discuss the purpose and functions of human resource management
HRM activities like, deploying, recruiting, managing and hiring staff members in an
organization are conducted so that business activities can be conducted smoothly (Armstrong and
Taylor, 2020). This is the core task performed in Tesco so that competitive advantage can be
gained against rivalry. Due to which day to day business activities are not hampered and
employees are guided to work effectively so that goals can be attained in the specified time
duration. Workforce planning is explained as process of understanding an firm's up-coming
needs in context of skills, training and recruitment. Resourcing is explained as using the
resources in the best possible way to develop the recruited employees so that the purpose of firm
for hiring candidate can be full-filled effectively.
Functions of HRM:
1

Recruitment and selection: Tesco has set structured process for recruitment and
selection. The HR department of the Tesco is held accountable for hiring right candidate for the
vacant position in both food and non-food parts of the business. It leads in attainment of set goals
and objectives in the set deadline. Management is able to set other bench mark when the initial
one is accomplished properly.
Performance appraisal: Skilled and capable employees can be retained back in Tesco
by appraising their performance. This boost them to perform more better as compare to past
performance. By this other staff members can be motivated to perform better so that they can be
in the next list of performance appraisal. (Banfield and Royles, 2018).
Training and development: It is another function of HRM which is performed in Tesco
in their working premises. By providing effective training to the existing employees their skills
can be nourished which will be benefiting both employer and employees. The set goals and
objective of the firm can be accomplished in the specified time duration.
The purpose of HRM:
Maximize Productivity: HRM main purpose is to maximize the productivity of Tesco
by optimizing the effectiveness of it's staff members
Benefits: Tesco HR department provide compensation and other benefits to that desire
candidate. By this employees can be motivated to perform better so that they can enjoy the
benefits given by Tesco. It directly leads in accomplished to set targets in the set time duration.
This purpose of HRM is applicable to workforce planning and resourcing because by providing
benefits capable and potential employees can be retained in the firm for longer time duration.
P2) Illustrate the positive and negative of distinguish approaches to recruitment and selection.
Recruitment is illustrated as short-listing the suitable nominee according to the job profile
by evaluating their skills and experience. Tesco hire staff member for both food and non-food
parts of the business through internal and external recruitment. The distinguish approaches of
recruitment in Tesco are as follows:
Internal recruitment: Tesco adopts internal Talent plan to fill the vacant post in the
premises. First priority is given to the existing employees if there is no suitable candidate in this
Talent Plan then they advertise the post on its intranet for two weeks. So that right employee can
be placed in the position. The various approaches of internal recruitment are, promotion, internal
advertisements and so on.
2