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Human Resource Management: Strategies, Impact of Culture, Employment Models, and Legal Differences

   

Added on  2023-01-04

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Human Resource Management
Human Resource Management: Strategies, Impact of Culture, Employment Models, and Legal Differences_1

Human Resource Management: Strategies, Impact of Culture, Employment Models, and Legal Differences_2

INTRODUCTION
Human resource management is going to take care of the internal factors so that there is
going to be higher ratio and dealing so that the company can have higher sales and economic
stability. HRM has to take care of the employees and the internal contributions of the company
for being able to achieve the targets and goals of the organization. HRM are having a lot of laws
and policies which have to be followed and are going to be discussed in detail in the further
report.
Tesco is operating in the market since 1919 which is 101 years and the organization
belongs from the public limited company and retailing industry. The headquarters of the
company is in England, United Kingdom and the key people of the organization are Jack Cohen,
John Allan and Ken Murphy (Tweedie and et.al., 2019). The company is having a net income of
1.320 billion as of 2019 and a operating income of 2.206 billion as of the same year/ There are
450,000 employees working in the organization which have to be controlled and monitored from
time to time.
HRM has to be very good for a large organization since competition in bazaar is
increasing and it is important for the organization to be able to compete with them effectively.
There is a lot of investment which large organizations make in the market to be able to expand
themselves which is going to make sales and value of company increase in market which is
going to be very good for firm. Hiring and firing of the employees is in the hands of HRM and
training them from time to time so that they can match the expectations of the organization is
very important which is going to be discussed in the further report.
A) Value created by firm using HR strategies
There are a lot of schemes which are present in bazaar which the HRM of an organization
can follow which are going to be helpful for firms long run in market (Tweedie and et.al., 2019).
Creating new methods to solve situations is a very important experience and knowledge which
needs to be present in the HRM of company in order to be able to run and function efficaciously
(Kehoe and Collins, 2017). Tesco has been able to operate effectively and efficiently in the
market after HRM practices and strategies since the changes and communication is even more
effective making the productivity and operations be higher and that is a very good factor for the
Human Resource Management: Strategies, Impact of Culture, Employment Models, and Legal Differences_3

company’s long run in bazaar. Strategies have to be implemented effectively and there has to be
fair treatment as well which has to be present in the company so that there are going to be higher
performance which would be present in establishment which is a great factor for the organization
to have (Kehoe and Collins, 2017).
Motivation
There are a lot of rewards, incentives, etc which are being given to workforces of Tesco
from time to time so that they feel motivated in the company. Tesco gets in a lot of changes be it
technological or techniques to be able to compete effectively in market which has to be well-
balanced in bazaar which is going to help the company be able to operate effectively ((Kehoe
and Collins, 2017). Employees have to give in their best since the right employees are being
hired by the HR department of the company and it is in the hands of the HR that they are being
motivated and their problems are being solved on time so that there is going to be higher
interaction and involvement of them in the organization (Ogbonnaya and Messersmith, 2019).
The company has been able to match the demands and standards which the organization has
created for themselves in market which is a great factor for firm to have for themselves in the
market and they would be able to compete in the future as well effectively and smoothly. For
example- by giving incentives and rewards Tesco employee retention rate is high (Tweedie and
et.al., 2019).
B) Impact of regional and national culture on the practices of HRM
From location to location the employees belief’s values and culture is going to differ and
the HR department will have to respect that factor and so will the practices of the HRM is going
to changes (Cooke and et.al., 2020). It is important for the HRM to make sure that all worker of
the company are giving in their best so that the company will be able to benefit from it which is a
very important factor Horsemeat is found in tesco burgers, 2019). Tesco is having high demand
and standards for the brand value in the market which is why it is even more important for the
company to be able to operate effectively which is going to be very helpful for the organizations
long run (Cooke and et.al., 2020). Tesco has to make sure that they are providing the employees
with right situation to be able to perform effectively and efficiently in bazaar so that there are
going to be higher running which is going to be present (Tweedie and et.al., 2019). There are
Human Resource Management: Strategies, Impact of Culture, Employment Models, and Legal Differences_4

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