Managing Human Capital and leadership : Sainsbury
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Added on 2021-02-20
Managing Human Capital and leadership : Sainsbury
Added on 2021-02-20
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Managing Human Capitaland leadership
Table of ContentsABSTRACT ....................................................................................................................................3INTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3Analysis the approaches of company in order to manage its human resources.....................3TASK 2............................................................................................................................................6Critically discuss the recruitment and selection strategy.......................................................6TASK 3............................................................................................................................................8Human Resource Development approaches and how it can be improved.............................8TASK 4............................................................................................................................................9Evaluation of classical theories of motivation and the best suitable theory for the organisation.................................................................................................................................................9TASK 5..........................................................................................................................................11Characteristics of effective leadership and model that are relevant to leadership style.......11REFERENCES..............................................................................................................................14
ABSTRACT Human capital management is most significant part of the organisation. Development ofhuman capital skills enhance organisation to improve its compatibility from rival firms in themarket. The chosen firm is Sainsbury which deals in retail industry and offers groceries as mainproduct in stores. The study covers main point in relation to human capital and their mainapproaches for management of human resources. Further it describes recruitment and selectionstrategy of company with different approaches of HRD and how they can be improved. Lastly,the study helps to understand different classical theories of motivation and hybrid of classicaltheories and then put light on various characteristics of effective leadership in relevant toleadership models. INTRODUCTIONHuman capital management is set of activity which is related to the management of groupof people in an organisation which are related to resources management (Gubbins and et.al.,2018). As these practices focus on the specific needs and requirement of organisation forimplementation and competencies of employee acquisition, management of employee andoptimisation of workforce in organisation. In this report the chosen firm is Sainsbury which dealsin retailing industry. The company has established as second largest supermarket store chain inUK. it offer different products such that hypermarket, convenience shops, forecourts shops,supermarkets in which it retails grocery items like fruits, vegetables, etc. The present report willstudy about models and analyse approach that firm used for management of its human resourcesin the organisation. Next the report will discuss selection and recruitment in relation to strategichuman resources management. Further discussion will be on theories of motivation andcharacteristics of effective leaders. DISCUSSION TASK 1Analysis the approaches of company in order to manage its human resources.Human resource management is the best process of managing and recruiting talentedcandidates in organisation. This department is fully responsible for managing human in companyin order to achieve goals and objectives of business. Human resource department is providing
orientation, organize training and development, appraising performance of employees, decidingcompensation and providing benefits, motivating employees and maintaining relations withemployees and their trade system (Noe and et.al., 2017). There are different models and theorieswhich are help to Sainsbury manager in order to manage their human resource or employees inorganisation in effective manner. It is very important to manage human resource in organisationfor better work performance and reach out organisational goals. The main aim of Sainsbury is to exceed customers’ expectations during their shopping.Manager of Sainsbury company is think about the consumer's first choice for food, deliveringproducts of outstanding quality and great services at a competitive level or cost by workingfaster, simple and together. For that, below is show the Harvard model of HRM for managinghuman resource of Sainsbury.The Harvard Model This model highly claim to be comprehensive as much as it is also seeks to comprise 6critical elements of Human Resource Management. This includes stakeholder interest,Situational factors, HRM policies, HRM outcomes and long term consequences (Di Fabio andPeiró, 2018). This model is very supportive for managing workforce in Sainsbury. The first element of this model is Stakeholder interest. That includes shareholders,management, employees group, government rules and regulations or others. This will bedefine by HRM police. It is very important to manage proper workforce in company byunderstanding needs and interest of stakeholder because they are the main part oforganisation. Like if their needs are fulfilled by company then they are able to give hardcontribution for achieve goals. To manage workforce here is very important tounderstand interest stakeholder. Some situation factors can influence to interest of stakeholders. Those factors includeworkforce characteristics, unions and all the other factors. Human characteristics andbehaviour impact to interest of stakeholder which is not good and well for companygrowth (Cascio, 2015). Like: most of employees have negative behaviour in companyand they are not satisfied with company goals, then it impacts to whole employee groupin negative manner. This will create the issue for manager in order to manage humanresource at company. For that, it is very important to understand needs for employees inorder to manage human resource at company.
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