Functions of HR, Marketing, and Finance in Waitrose

Marketing Mix

Table of Contents
Introduction-................................................................................................................................................3
LO1-............................................................................................................................................................3
HR functions-..........................................................................................................................................3
Marketing Functions-..............................................................................................................................4
Finance Functions-..................................................................................................................................4
LO2-............................................................................................................................................................5
Collaborative Working Practices-............................................................................................................5
LO4-............................................................................................................................................................6
Financial Management-...........................................................................................................................6
Financial Reporting-................................................................................................................................6
Conclusion-.................................................................................................................................................7
References-..................................................................................................................................................7

Introduction-
This report is based on analysis of functions of different departments within organization. Every
department has their own importance. There are different departments in a company such as HR,
marketing, finance and IT. If function of each department is proper then it would result in
success. Here, Waitrose is analyzed. Working and different functions of each domain is
analyzed. Waitrose is British supermarket. It is founded in 1904 by Wait, Rose and Taylor. Now
it is known as Waitrose & partners. It is headquartered in London, UK. Company offers food
products. It also provides online shopping of products. Current revenue of the company is
£5400.4 millions. Waitrose has 332 shops in UK.
LO1-
HR functions-
Human resource is an important part of every organization. This department is responsible for
planning and recruiting employees. Main functions of this domain is as follows-
 Main function of HR in the organization is recruiting potential resources and selecting the
best among number of applicants. Personnel management in the company gives direction
to their employees to achieve goals and objectives.
 Team formation in the Waitrose is done by HR domain. Team is formed in order to
achieve tasks. This team is also assessed by personnel management of the organization. If
team is not able to complete any task then management also guide them.
 Organized deals with various kind of employees such as skilled or non-skilled.
Department conducts trainings for the employees in order to get proper functioning of the
organization.
 Payroll management is also work of HR. Giving salary to the employees comes under
this domain.