Managing Human Resources

This presentation provides an overview of managing human resources, focusing on the HRM strategies used by Tesco, a British multinational retail company. It covers topics such as external and internal factors influencing HRM strategy, workforce planning, and innovative approaches to recruitment and retention. The presentation concludes with a discussion on the importance of HRM in achieving company goals. Course code: 1

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Managing Human Resources

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Table of Contents
 Introduction
 About HRM strategies
 External factors which affect HRM strategy
 Internal factors which influence HRM strategy.
 Approaches and considerations taken in formulation of HRM strategy.
 How HRM strategy to accommodate for emergent situations.
 Vertical alignment.

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 Horizontal alignment.
 How workforce planning may be linked to HRM strategy.
 Key HRM strategies considered that supports company.
 Measures to support long term skills shortages
 HRM considerations to enable people and teams to re engage and restart
working relationship
 Innovative approaches to recruitment and retention.
 Conclusion
 References

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Introduction
Managing human resources is defined
to role which manager carry relative
to company's employees in
providing management actions.
This presentation is based on
managing human resources of
Tesco which is a British
multinational retail and general
merchandise retailers.

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About HRM Strategies
HRM strategies could be
defined to human
resources that are co-
ordinated as well as
consistent with overall
business. It is focused
on having company's
success.

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External factors which affect
HRM strategy
In terms of Tesco, external factors that
affect HRM strategy are as follows:
Government regulations: Buy
introducing new workplace
compliance standards of human
resources department affects
company's HRM strategies and
their operations.

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Internal factors which influence
HRM strategy.
In terms of Tesco, internal factors that influencers HRM strategy are as
follows:
 Corporate objectives: By having change in corporate objectives
of company like cost minimisation affects HRM strategies of
company.

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Approaches and considerations
taken in formulation of HRM
strategy.
There are various approaches as well as considerations in terms of that taken in
designing HRM strategy could be stated by using various human resources
approaches of cultural, performance as well as talent management. By using
consideration of communication and leadership development could be used
in company to have strategic planning.

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How HRM strategy to
accommodate for emergent
situations.
HRM strategies plays important role in accommodating functions for dealing
with emergent situation. As in terms of Tesco these strategies helps in
dealing competition in corporate markets, it provides help in having
effective decision making in workplace.

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Vertical alignment
Vertical alignment is referred to configuration of strategies, objectives, action
plans as well as decisions which are made throughout various levels of
company.

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Horizontal alignment
It is defined as alignment of coordination of efforts across company and is it
is primarily important to lower levels in strategy hierarchy. Taking up
example of Tesco company is using horizontal alignment in order to
accomplish company's goals.

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How workforce planning may
be linked to HRM strategy
It is essential to have workforce planning which is done prior before carrying
strategies for carrying operations. In terms of Tesco, without having proper and
systematic planning company will not be able to carry their operations. It is
important to have proper planning so that strategies could be formulated
properly.

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Key HRM strategies considered
that supports company
In terms of Tesco various key HRM
strategies which supports company
are as follows:
 Performance management:
Company should ensure that there
should be high level performance
should be carried by its employees
to accomplish its goals.

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Measures to support long term
skills shortages
In terms of Tesco, measures that supports long terms skills shortages of
company that are as follows:
 Providing training to present employees.
 Re evaluating recruitment practices of company.

By using contingent employees and workers.

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HRM considerations to enable
people and teams to re engage
and restart working
relationship
In terms of Tesco, various HRM
considerations which enables teams
and people to have working
relationships are as follows:
 Providing training to employees.
 Establishing better communication.
 Keeping effective employee relations.

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Innovative approaches to
recruitment and retention
In terms of Tesco, by
developing a talent
pipeline could be
strategic approach for
recruiting that could be
used in company's
operations.

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Conclusion
From above report it has been concluded that human resources is considered to
be an effective element of every company which is required to be
performed to accomplish goals and objectives of company. This report is
carries brief explanation of various HRM strategies , methods which are
used in long term and short term survivals of company.

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References
 Agnihotri, S. and Agnihotri, R.N., 2018. Managing Human Resources With
Times. GST Simplified Tax System: Challenges and Remedies. 1(1). pp.398-
401.
 Brindle, M.E. and Gawande, A., 2020. Managing COVID-19 in surgical
systems. Annals of surgery.
 Khandelwal, K. and Upadhyay, A.K., 2019. Virtual reality interventions in
developing and managing human resources. Human Resource Development
International. pp.1-15.