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Managing Human Capital and Leadership

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Added on  2023-01-19

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This document discusses the approaches to manage human resources, recruitment and selection strategy, HR development approaches, and effective leadership characteristics. It focuses on the case of Sainsbury, a retail company in the UK.

Managing Human Capital and Leadership

   Added on 2023-01-19

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Table of Contents
ABSTRACT ....................................................................................................................................3
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Analysis the approaches of company in order to manage its human resources.....................3
TASK 2............................................................................................................................................6
Critically discuss the recruitment and selection strategy.......................................................6
TASK 3............................................................................................................................................8
Human Resource Development approaches and how it can be improved.............................8
TASK 4............................................................................................................................................9
Evaluation of classical theories of motivation and the best suitable theory for the organisation.
................................................................................................................................................9
TASK 5..........................................................................................................................................11
Characteristics of effective leadership and model that are relevant to leadership style.......11
REFERENCES..............................................................................................................................14
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ABSTRACT
Human capital management is most significant part of the organisation. Development of
human capital skills enhance organisation to improve its compatibility from rival firms in the
market. The chosen firm is Sainsbury which deals in retail industry and offers groceries as main
product in stores. The study covers main point in relation to human capital and their main
approaches for management of human resources. Further it describes recruitment and selection
strategy 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 classical
theories and then puts light on various characteristics of effective leadership in relevant to
leadership models.
INTRODUCTION
Human capital management is set of activity which is related to the management of group
of 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 for
implementation and competencies of employee acquisition, management of employee and
optimisation of workforce in organisation. In this report the chosen firm is Sainsbury which
deals in retailing industry. The company has established as second largest supermarket store
chain in UK. 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 will study about models and analyse approach that firm used for management of its
human resources in the organisation. Next the report will discuss selection and recruitment in
relation to strategic human resources management. Further discussion will be on theories of
motivation and characteristics of effective leaders.
DISCUSSION
TASK 1
Analysis the approaches of company in order to manage its human resources.
Human resource management is the best process of managing and recruiting talented
candidates in organisation. This department is fully responsible for managing human in company
in order to achieve goals and objectives of companybusiness. Human resource department is
Managing Human Capital and Leadership_3
providing orientation, organize training and development, appraising performance of employees,
deciding compensation and providing benefits, motivating employees and maintaining relations
with employees and their trade system (Noe and et.al., 2017). There are different models and
theories which are help to Sainsbury manager in order to manage their human resource or
employees in organisation in effective manner. It is very important to manage human resource in
organisation for better work performance and reach out organisational goals.
The main aim of Sainsbury is to exceed customerscustomers’ expectations during their
shopping. Manager of Sainsbury company is think about the consumer's first choice for food,
delivering products of outstanding quality and great services at a competitive level or cost by
working faster, simple and together. For that, below is show the Harvard model of HRM for
managing human resource of Sainsbury.
The Harvard Model
This model is highly claim to be the comprehensive in as much as it is also seeks to
comprise 6 critical elements of Human Resource Management. This includes stakeholder
interest, Situational factors, HRM policies, HRM outcomes and long term consequences (Di
Fabio and Peiró, 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 be
define by HRM police. It is very important to manage proper workforce in company by
understanding needs and interest of stakeholder because they are the main part of
organisation. Like if their needs are fulfilled by company then they are able to give hard
contribution for achieve goals. For To manage workforce here is very important to
understand interest stakeholder.
Some situation factors can influence to interest of stakeholders. Those factors
includesinclude workforce characteristics, unions and all the other factors. Human
characteristics and behaviour is impact to interest of stakeholder which is not good and
well for company growth (Cascio, 2015). Like: most of employees have negative
behaviour in company and they are not satisfied with company goals, then it
impactimpacts to whole employee group in negative manner. This will create the issue
for manager in order to manage human resource at company. For that, it is very important
to understand needs for employees in order to manage human resource at company.
Managing Human Capital and Leadership_4

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