Impact of HR Strategies on Firm Value

Human Resource Management

Table of content
INTRODUCTION...................................................................................................2
A) Value created by firm using HR strategies.............................................................................3
B) Impact of regional and national culture on the practices of HRM.........................................4
C Organisations model of employment.......................................................................................5
D storey' 27 point of difference between HRM and personnel management..............................5
E. Opinion on the firing and hiring that can be considered as vital and significant of local
culture..........................................................................................................................................7
F. Describe the several differences within terms of employment law when international HRM
changes within local business system..........................................................................................8
G Suggestions and recommendation regarding at certain practises to ensure organisational
performance.................................................................................................................................9
Recommendation...................................................................................................10
Conclusion..............................................................................................................10
REFERENCES......................................................................................................12

INTRODUCTION
Human resource management is going to take care of the internal factors so that there is
going to be higher productivity and operations 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 the competition in the market 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 the sales and value of the company increase in the market
which is going to be very good for the company. The 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 strategies which are present in the market which the HRM of an
organization can follow which are going to be helpful for the organizations long run in the
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 the company in order to be
able to operate and function effectively (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 company’s long run in the market. 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 the
company 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 the employees 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 the market which
has to be well balanced in the market 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 the market which is a great factor for the company 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 the
employees 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 the right environment to be able to perform effectively and
efficiently in the market so that there are going to be higher functioning which is going to be