Managing Human Capital & Leadership

Managing Human Capital
& Leadership

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
HRM models and approaches to Manage HR resources........................................................3
Task 2...............................................................................................................................................6
Discuss organizations HR function .......................................................................................6
Task 3...............................................................................................................................................9
Number of HRM software programs and benefits to organization .......................................9
Task 4 ............................................................................................................................................11
Characteristics of effective leader .......................................................................................11
CONCLUSION ............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Human resource management is one of the important function of a company, that mainly
focuses on recruiting, selecting, hiring and managing employees at workplace. This function
also plays an important role in familiarizing employees with organizational working environment
by providing them appropriate training. It helps in development of teamwork for overall success
of organization at a large scale. Tesco is a British multinational company provide grocery and
general products to their customers. It is considered as one of the leading companies in retail
sector which has long chain of supermarket in UK and across its territorial boundaries. Variety
of products provided by this company like clothing, books, petrol, telecom and financial services
help them to earn a competitive advantage in market and attract more customers. Report will
discuss different model of HRM that help organization to achieve goals easily. It will cover
effectiveness of various HR functions. Study will describe characteristics of effective leader.
TASK 1
HRM models and approaches to Manage HR resources
The aim of HRM models is to help companies to manage their workplace in the effective
manner, so they can achieve set goal of business (Aust, Matthews and Muller-Camen., 2019).
HRM management is defined as appropriate concept which includes two approaches in
development of organizations. Hard approach which is Human Resource management focus on
the performance management and the emphasis it puts on the instrumental approach to the
management of the workers. The key feature of the hard approach is to have the major level of
linkages in the corporate business planning along with having short term changes in the
employee number. This approach has the minimal level of communication along with little level
of delegation of empowerment at significant level. On the other hand the Soft approaches
majorly focus to motivate employees, empowerment, and create a trust among employees of the
company. HR model is combination both soft and hard approach in developing the company at
significant position. It is important for the Tesco to have better level of implication in
development of particular approaches, so they can increase employee performance and motivate
them to achieve goals of the company. Tesco have the major level of implementation of soft core
approaches in more way to have developmental of employee along with motivating them
towards the organizational goal and personals developmental in significant manner.

The Harvard Model
The Harvard Model is used by organizations as it is considered to be most influential and
significant in Human resource management. This model was introduced in 1984 by Michael Beer
at Harvard university. There are 5 important components of this model – stakeholders interests,
HRM outcomes, situational factors, long term consequences which is implemented by Tesco to
have the proper set out to accomplishment in human resources' management. In this model the
soft core practices in been implemented by Tesco by have proper shape to the HR polices.
In this framework, the relation between situational factors and interest of stakeholders
strongly affect the relationship by giving proper shape to HR polices of Tesco. (Buller and
McEvoy., 2016). In this approach the company have the treatment of employees as the major
important resources for the development of company in more way to gaining the competitive
level of advantage over competitor in market.
It is important to produce HR outcomes such as congruence, commitments, cost-
effectiveness etc. this model will nurture motivational practices and corporation and empowers
the companies manger to get involved in the HR aspects of the Tesco business. The Harvard
Model is necessary of the Tesco because it helps to give significance competitive advantages to
the company employees of the company are valuable person in the company, so they should not
be treated as valuable assets rather than the cost. They implement this strategy in their business
system which effect the behavior of the staff, and they get result in the performance of the
company. According to this model performance of the Tesco is Totally depended on the
performance of the people engaged in the process and guided by the companies purpose and
principle of the company. The soft hrm policies such as the measurements of important focus
point are there such as the need of employees along with providing them proper level of training
and motivations in order to have commitment and participation in evaluating goals and objective.
They use this model as a tool for the long- term continuity and progress of their business, and
they operate this tool with the same components.
In this model there is major level of participation i the along with motivation and greater
level of productiveness which helps in maintaining the company's employee collaboration,
enhance cooperation, enthusiasm and work of the staff, so encourage employees can achieve
maximum performance from them, reaching the competitive advantage. TherE is existence of the
major level of weakness as there is large level of cost is incurred by Tesco in order to have the