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Importance of HR Practices to Business Strategies

   

Added on  2023-01-13

14 Pages4079 Words62 Views
Leadership Management
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Project
Importance of HR Practices to Business Strategies_1

Table of Contents
Project .............................................................................................................................................1
INTRODUCTION...........................................................................................................................3
TASK 2............................................................................................................................................5
Importance of HR practices to Business Strategies.....................................................................5
TASK 3 .........................................................................................................................................10
Reflective essay.........................................................................................................................10
CONCLUSION..............................................................................................................................12
REFERENCES .............................................................................................................................13
Importance of HR Practices to Business Strategies_2

INTRODUCTION
Human Resource management refers to planning, organising, directing and controlling
human resource of an organisation’s human resources. Related to human resource management
organisation can have their own objective behind practicing human resource management but
one common objective of all the organisations in this regard is that they want to ensure optimum
utilization of their resources through their human resource. This report includes discussion over
importance of human resource practices in business strategy of the organisation. Tesco, British
Multinational groceries and general merchandise retailer company have been contextualized in
report for discussion. The company was founded in 1919 and is headquartered at Hertfordshire,
England. This report includes discussion over why HR practices are important for organisational
strategy and later career development and career planning which are important HR practices
have also been included in the report along with discussion over various tools of career
development like career management and performance management.
TASK 1
Introduction
HRM is practice of managing people in an organisational context. In this practices of
HRM are different when management of Human Resources is practiced at local level and its
practices are different in international level. In addition to this, the HRM can be termed out as
the strategic approach to the effective management of people in a company or organization as
they help the enterprise in order to gain a competitive advantage. However, the enterprise needs
to take the initiatives in manner to designed activities that aids to maximize employee
performance in service of an employer's strategic objectives. In addition to this, HRM can be
termed out as practice that leads to undertake the business activities as to recruiting, hiring,
deploying and managing an organization's employees.
Difference and Domestic and International HRM
Level of Operation
Importance of HR Practices to Business Strategies_3

International Human Resource Management is practiced at international and global level.
In this the type of practice and operation might be different but company manages human
resource of various nationals who are working for the company. for example Tesco is British
company but in context of international HRM it manages people who are from UK and along
with those who are from other countries than UK. This might depend on the policies of Tesco in
regard with its hiring policies in which the approach Tesco selects for hiring affect people which
will be managed by Tesco. This includes managing people who are working for Tesco another
country than UK where Tesco operates and functions. On the other hand, HRM can be termed
out as the process that mainly looks over the process of hiring and developing employees so that
they become more valuable to the organization. In addition to this, this is termed out as strategic
and coherent approach to the management of an organization's and this aids to bring out
systematic working within the enterprise. On the other hand in relation with domestic
management Tesco have to manage people who are from UK. Tesco is multinational company
and this is why it manages HRM at international level.
Activities
Activities of Tesco in context of international HRM include many other activities like expatriate
management etc. Expatriate management refers to managing employees of organisation from
other countries to work for Tesco in UK. Expatriate management includes various activities
which includes that expatriates which come to other nations, they are required to help to deal
with changing environment of the nation and culture.
On the other hand domestic environment does include such activities and all the activities are
only HR activities which are necessary and basic activities of Human Resource Management.
Personal Involvement
In context of international HRM, HR personnel do not have any personal involvement with
expatriate. This is done so that employee can be helped to adjust and new culture and changed
environment of the country.
On the other hand in domestic environment HR personnel does not have to have much personal
involvement with employee as all the employees are from the same culture and same nation.
Importance of HR Practices to Business Strategies_4

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