In this assessment we will discuss about HRM and below are the summaries point:-
Human Resource Management (HRM) is a strategic approach for efficient people management in a company to achieve competitive benefits and maximize employee performance.
Norries is a departmental store in central London with 3500 employees facing tough competition from online retailers and other stores.
Lammy Holdings purchased Norries recently, and this report discusses various aspects of HRM in the company.
Task 1 involves assessing the relative contributions of line managers and HR specialists towards improving people management in Norries.
HR professionals ensure employee satisfaction, personal fulfillment, and employee empowerment by providing feedback, support, and conducting regular soft skill training.
A people manager is assigned to each employee for ensuring optimal performance, and leadership development training is also provided.
Despite efforts, an employee survey after the acquisition by Lammy Holdings revealed higher than normal turnover rates and associated costs.