Limited-time offer! Save up to 50% Off | Solutions starting at $6 each  

Stakeholders Assignment - Solved

Added on - 23 Nov 2020

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 4 of 11 pages
STAKEHOLDERS
Table of ContentsINTRODUCTION...........................................................................................................................11. Analysing and evaluating the current role of two key stakeholders who are involved inmanaging the employment relationship within TESCO............................................................12. Identify the current challenges experienced by stakeholders when managing employmentrelations within the TESCO.......................................................................................................33. Evaluate the current practical challenges managers experience when managing both theworking relationship and stakeholder expectations....................................................................4CONCLUSION...............................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONStakeholders are those people or group of person who show interest in the company andare concerned about the profits and growth of the organisation. There are two major kinds ofstakeholders which are categorised in internal and external stakeholders. Creditors, directors,employees and government all are considered as the stakeholders of company. In this presentreport TESCO has been chosen for assessment. TESCO is a British Public limited Multinationalcompany of groceries. It was founded 99 years ago and its headquarters is in London, England.This report will majorly focus oncurrent role of two key stakeholders who are involved inmanaging the employment relationship within TESCO. In addition to this, current challengesexperienced by stakeholders when managing employment relations within the TESCO will alsobe described in brief. Furthermore, current practical challenges managers experience whenmanaging both the working relationship and stakeholder expectations will be analysed in detail.1. Analysing and evaluating the current role of two key stakeholders who are involved inmanaging the employment relationship within TESCOIn every company there are stakeholders, these are those people or group of people whohave showed there interest in the business of the organisation (Andriof and et.al., 2017). Theseare the people or group who get affected by the operations of the business. Below are the majortwo key stakeholders who are involved in managing the employment relationship withinTESCO.Employees: These are the people who gets affected most by the business or work of theorganisation. These are the one who interact with the customers and they maintain the bestrelationship with them. Employees even maintain their commitment towards the work of thecompany and gets training so that they can give the best results to the organisation (Schmidt,Foerstl and Schaltenbrand, 2017). The work system is affected by the social life of employeesand their education level even. They are the one who are dedicated in maintaining theemployment relationship with the employers. This will help the organisation in being better andgaining a proper working environment if they will maintain a good employment relationship. Inevery organisation maintaining the employment relationship is really important and hence theemployees plays the major role in the same. The relationship with employer tells about the1
system and everything other as well. Employees ensure that they work together and collectivelyso that more and efficient outcome can be achieved. It is the major work of employee where theyneed to think about the task which they need to perform in the organisation. In context toTESCO, employees does not make part in the decision making of the company and they ensureto listen what their employer says to them so that an employment relationship can be maintained.Employee should take initiatives for working and ensure that all the work has beencompleted on time. The biggest problem for every employee is to listen about the task said bymanager. And majorly when there is a change in working environment of the company. Thattime the manager has to understand and accept the change along with forming new rules andregulation according to the change in the environment. Here the employees has to ensure thatnew working environment has been adopted by employees and manager needs to motivate theemployees for the same. In addition to this, This will result in more efficient working andemployment relationship will be maintained in better way. In addition to this, employees plays amajor role by following the work culture and taking responsibilities regarding the same. It willhelp in ensuring that all the practices has been managed well and relationship with employer willbe smooth by the same.Board members:These are those people who are being elected by the shareholders of thecompany. These are the members who sets the vision of the company and take all the majordecisions regarding the organisation. The board members are highly responsible for all thedecisions they take in the company (Saravanan and Vasumathi, 2015). It is their duty to measurethe performance by checking the final outcomes as per the financial outcomes. In maintainingthe employment relationship the boards members role in very important as they are the one whodecides regarding the reward system of the company. In addition to this, If the employees willget reward for their performance in the company than it will make them feel motivated. This willmaintain a better relationship as the employee will be more comfortable and motivated whileworking. Along with this, board of members also play a major role in determining the bestemployee award or regarding the working environment. This will have a great impact on theemployees of the company. If less rigid working environment will be maintained for theemployees than it will be difficult for employee to give their best and it will result in a betteremployment relationship (Chai, 2016). Other than this, board members have a high degree of2
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document