Human Resource Management: Functions, Approaches, and Benefits

Human Resource Management

Table of Contents
INTRODUCTION...........................................................................................................................1
Company Background.................................................................................................................1
Purpose and Function of Human Resource Department..............................................................2
Effectiveness of HRM Function to Full Fill Business Objective of Organization......................4
Strengths and Weaknesses of Approaches to Recruitment and Selection...................................4
Benefits of Human Resource Management Practices.................................................................7
Effectiveness of HRM practices for Profitability and productivity of organization....................8
Methods Used in HRM Practices to Achieve organization Objective.........................................8
Factors that can Affect decision Making of Human Resource Management..............................8
Key Element of Legislation and Their Impact on Decision Making of HRM.............................9
Application of HRM practices in Work Related Context............................................................9
Rationale of Work Related Context...........................................................................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Human Resource Management can be explained as a strategic approach that is used by
various organization to effectively manage stakeholders that are associated with company with
different personal interests. Human Resource Management is one of most important part of an
organization and its various function. The purpose of human resource is to improve the
performance of firm by effectively manage people related to company. Brief introduction to
Tesco PLC will be provided in report. This report will be providing brief information of human
resource department of Tesco PLC. Key roles and responsibilities of Human resources
department of company will be evaluated in study (Armstrong and Taylor, 2020). Various
approach of work force planning, recruitment, selection, development & training, performance
management and reward system will be explained in study. Different methods that are used in
Human Resource practices of Tesco PLC will be evaluated in report.
Company Background
Tesco PLC is a British multinational grocery store and general merchandise retailer. It is
a public limited company which was established in year 1919 by Jack Cohan in Hackney,
London, United Kingdom. Tesco PLC is considered as one of the largest retail store in United
Kingdom. Tesco PLC is operating on 6800 location around world in different countries.
Mission Statement of Tesco PLC
The Mission Statement of organization is - “We make what matters better, together”. The
mission statement, vision and values are interconnected to each other and help to shape the
identity of company in global market.
Purpose of Business
As per the organization their their main purpose if to “create value for customer to earn
their lifetime loyalty.” a wide range of products and services related to grocery products, house
hold products, clothing and insurance are offered by organization to its customers in order to
gain their loyalty.
Main Business Objective
The main business objective of the Tesco PLC is to be a global leading retail super
market and provide good quality product and services to the customer at low cost. This is
objective of the organization to provide products and services that are good in quality and
cheaper then then the products and services of other market competitors in local and international
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market. Some other objectives of Tesco PLC are related to the requirements and demands of
customers. It is their aim to provide products and services to customers in effective and right
manner to offer better satisfaction to them. To meet this objective Tesco PLC is regularly
working on making improvement in their operations to effectively serving shoppers.
Purpose and Function of Human Resource Department
There are different functions are performed by Human Resource department to manage
work force of organization to meet business goals of organization effectively. Some of the main
functions that are performed by human resource management are work force planning,
recruitment and selection, development and training, performance management and reward
system. This are common function of Human resource department to manage work force for
Tesco PLC.
Work Force Planning
This function also can be consider as human resource planning. The main purpose of this
function is to make effective plan for work force management in order to full fill work force
related requirement of organization. This is all about finding work force related requirement of
company. The approach which is used by the Human Resource department to effectively plan
workforce of company is known as strategic approach of workforce planning. This approach is
is consists of different steps that can help Human resource department to make effective plan for
work force management (Bratton and Gold, 2017). This approach starts with analysis of skills
and competencies that are available in organization to known the current strength of company. In
next step long term and short term goals are defined by HR department in terms of requirement
of organization. The differences and gaps between organizational goal and and current work
forces capability and capability are evaluated in order to take initiative to meet work force
related requirements of Tesco PLC.
Purpose of Work Force Planning – Main purpose of work force planning gaps in current work
force are analysed to take further actions for work force management. The requirements that are
found through this process are full filled by HR department by performing recruitment and
selection, training and development, performance management and Reward system.
Recruitment and selection
In this function the role of HR department is to attract people in order to work for
organization and selecting the best candidates for company. The process of recruitment and
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