Importance of HR Practices in Tesco Company

INTERNATIONAL
HUMAN RESOURCE
MANAGEMENT

Table of Contents
Importance of HR practices to the business strategy..................................................................3
Books and Journal.....................................................................................................................12

TASK1
Covered in PPT
TASK 2
INTRODUCTION
International Human Resource Management is a term used for organisation that manages
activities at international levels. International human resource management is a process of
employing, training, developing and compensating the employees at the international and global
organisation. An international company which has a subsidiaries outside the home-country which
rely on the business expertise or manufacturing capabilities of the parenting company. In general
words, MNC's has a number of businesses in different countries and managed has a whole from
the headquarter, located in the one country. As per the current studies, the report is based on
Tesco Company, it is the largest retailing company of foods to fashion, headquartered in London.
U.K. It is a retail company engaged in retailing and associated activities and retail banking and
insurance services.
MAIN BODY
Importance of HR practices to the business strategy
Human Resources is the set of people who make up the workforce of an organisation,
business sectors, industry or economy. It is used to describe both the people who work for the
company or the organisation and the department and are responsible for managing all the
activities of employees. It is the most valuable resource of any organisation. Human Resource
practices are the means by which human resource personnel can develop the leadership of staffs
and it occurs through practices of developing extensive training courses and motivational
programs such as designing systems and assist management in performing ongoing performance
appraisals. Tesco is one of the largest multinational groceries stores and general merchandise
retailer, headquarter in Welwyn Garden City, England. Tesco was founded by Jack Cohen in
1919, and open first store in London. The multinational corporation has acquired 30 different
companies acrossing Europe and Asia. Tesco continues to grow their business interest through
organic growth and addition to the acquisitions. The main purpose of the Human Resource
Management is to embrace recruiting persons, guiding them, performance assessments,

motivating workers over and above workplace communication, workplace well being, and to a
large extent more. The main principle of this practice is to achieve the organisational goals.
Importance of HR practices in Tesco Company:
Human Resource Management emphasizes on advanced creation and most efficient exploitation
of the resources. This is helping in achieving goals and objectives of an organisation. To build up
individuality of workers, HRM arranges training and development programmes to develop their
competence for the job. This instructs and directs the way to make the best use of human beings
and non human assets.
 Training and Development- Training and development is performed by HR, and it is a
good policy that can be helpful in advancing the organisation towards its long term goal.
If an employee is struggling in some areas of performing, training and development can
be very helpful to grow their capabilities and increasing knowledges. Tesco has adopted
individual training which allows a large number of their employees to acquire the
necessary knowledge with a short time period. Such knowledge is then used to improve
the quality of work done in the organisation and such produce quality results. Tesco is
primarily aim to serve the customer. Training and development is based on the idea to
serve excellence of the services and perform all the relevant tasks inside or outside the
store in a professional manner. Tesco plans the activities and tasks in which growth of the
business leads and proper customer care will be served.
 Increase in profitability- Tesco has been particularly successful because of its powerful
brand. It has a reputation for value, low prices or for being customer focused. Tesco's
brand equity and associations have helped the company to expand their business and new
markets. Tesco has been seen first half profits rise by more than a quarter as customers
bought more food during the pandemic and online orders doubled. The company's profit
in the UK and the ROI raised by over 360 million pounds and came to 2.2 billion in
2019/2020.
 Interactivity within employees- HR managers are responsible for managing activities,
events, tasks or the celebrations which gives opportunities to teams and build strong
relations. Moreover, it enhances interactivity within employees and infuse a sense of trust