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Managing Human Capital and Leadership Assignment

   

Added on  2020-10-22

16 Pages4642 Words173 Views
MANAGING HUMAN
CAPITAL AND
LEADERSHIP
Managing Human Capital and Leadership Assignment_1
ABSTRACT
Present study discusses human resource management in the Organization. There are many
problems that are likely to be implemented in the management of Human resources such as
leadership, organizational development and administration management such as payroll issues..
The following main conclusions are highlighted: (1) The human resource management model
and approach that companies used to manage human resources and integrate management into
organizational strategies, optimize the overall organizational development process and contribute
to excellence. In this regard, we emphasize the importance of strict coordination and
management of HR, which optimizes entire process, (2) functions and strategies of human
resource management so that attitudes of employees can be improved (3) Apart from this
evidence, most organizations practice personnel management programs that benefit the
organization.
Managing Human Capital and Leadership Assignment_2
Table of Contents
ABSTRACT.....................................................................................................................................1
INTRODUCTION...........................................................................................................................1
DISCUSSIONS................................................................................................................................1
HRM models and approach used by the company for the management of its human resources.
.....................................................................................................................................................1
Human Resource management functions and strategies to improve the HR process in the
organization.................................................................................................................................3
HRM software program which is beneficial to the organisation and their advantages...............9
Characteristics of effective leaders in consideration of issues related to HRM and the relevant
models.......................................................................................................................................10
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14
Managing Human Capital and Leadership Assignment_3
INTRODUCTION
Human resource is the assets of company, HR is responsible to manage people and retain
them in the organisation for longer duration. It is the practice of recruiting , hiring, managing and
deploying the employees in an organisation. Tesco is the multinational groceries merchandise
retailers deals in retailing industry founded in 1909, by jack Cohen in London , England, UK.
This report contains the HRM models and different approaches of the company for managing
their workers. Study explains the Tesco HR functions and their strategies.
DISCUSSIONS
HRM models and approach used by the company for the management of its human resources.
Di Fabio and Peiró, (2018) stated i n Human Resource Management, four basic models
have been identified, all of which serve various purposes.
1. They provide an analytical framework for personnel management research (eg situational
factors, stakeholders, level of strategic decision making, competence).
2. They identify certain HRM practices. The main problem here is the distinctiveness of HR
practices such as there is no choice or training, but a specific approach to recruitment or training.
3. They provide human resource functions that identify variables and relationships that will be
examined.
The Fombrun model:
The first model only highlights four major elements: selection, , development, evaluation
and appreciation. It believes that these four components will contribute to the raising efficiency..
Tesco uses traditional approach to manage people which concentrates on achieving
business goal, it does not take care of neds of human resource. The traditional approach to
human resource management also focuses on policies, procedures, contracts and policies, and
efforts to stimulate employee involvement and achieve organizational goals. The success of
retailers like Tesco is very dependent on an efficient team of employee shops chosen by a
number of candidates.. Planning and recruitment personnel occur before actual recruitment for
Tesco points. For appointments is a process that will be asked where candidates are eligible, in
the newspaper, on TV, on the Internet and get information about social networks to fill the gap.
The Guest Model: This model implies that HR managers must start with specific strategies that
require special practice and deliver results when implemented. These results always emphases
Managing Human Capital and Leadership Assignment_4

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