Strategic Human Resource Management: Key Trends and Influencing Factors in Tesco

Unit 21

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
P1 Determine key current trends and developments that influence an organisation’s HR
strategy.........................................................................................................................................1
P2 Analyse how both external and internal factors influence HR strategy and practice.............4
TASK 2............................................................................................................................................6
P3 Apply relevant theories and concepts relating to the growth and development of strategic
HRM to specific organisational examples...................................................................................6
TASK 3............................................................................................................................................7
(Covered in PPT).........................................................................................................................7
TASK 4............................................................................................................................................7
(Covered in PPT).........................................................................................................................7
CONCLUSION................................................................................................................................8

INTRODUCTION
Strategic human resource management can be describe as the practices of business that
majorly include future oriented process of growing as well as implementing HR programs. This
is significant for addressing as well as solving business problems. There are different important
roles of strategic human resources management that is significant for increasing overall
performance of business as well as attaining desired goals (Garmendia Ochoantesana, Elorza
Iñurritegi and Uribetxebarria Andres, 2021). Chosen company for this report is Tesco. This is
well established organisation that is conducting its business practices in retail market sector.
Tesco is a British multinational groceries and general merchandise retailer and its head office is
located in Welwyn Garden city, England. This organisation was developed in year 1919 and
founder of this company is Jack Cohen. Tesco products and services includes supermarket,
hypermarket, superstore and convenience shop. This organisation is offering its products and
services to different market area in all over the world. This report includes key current trends
and development which influences organisational HR strategies. Internal and external factors
which influences HR strategies has been determined. In this report concept and theories related
to growth and development of strategic HRM has been determined.
MAIN BODY
TASK 1
P1 Determine key current trends and developments that influence an organisation’s HR strategy.
Human resource management is crucial part of organisation that is helpful for enhancing
business practices as well as successfully conducting organisational task and practices
(Hermanto and et.al., 2021). This is a significant process of maintaining different rules and
regulations of Tesco company as well as interrelate it with different functions of business. It has
been determined that human resource process is helpful for respective business by solving
different issues and problems in order to accomplish desired goals. It is a process by which
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associations can get proficient and viable in their functioning interaction. The human resource
management likewise assists with getting the advantage from the association and manage various
types of issues and burden employees face in their work environment. By tackling the entirety of
the issues and communicating with the employees they can guarantee better results for the
association and can shape new and imaginative key cycles of work in the work environment. It is
essential for Tesco company to consider current HR strategy trends in order to develop effective
and efficient strategies for business. This is helpful for enhancing overall performance and
capabilities of business as well as attaining desired goals. There are different changes in business
market area which needs to be consider by organisation while conducting its practices Current
trends and developments are mention below which will lead to have significant impact on HR
strategy.
 Globalization – Globalisation can be describe as the practice of conducting business
practices in different part of the world. This is very effective for enhancing overall
performance and productivity of business (Barbaros and Țaranu, 2020). Today business
affiliations are not simply working in as far as possible rather than they are going
worldwide and broadening their business limits. The climb of advancement in the
different areas of global organizations is making a necessity for HR chiefs. The
advancement of cross-line trade and the usage of exchanges development are attracting
overall capacity and moulding new strategies to hold them and use their skills. It is
important for Tesco company human resource to develop strategies of business while
considering globalisation. Human resource strategies of organisation should be effective
for attracting highly skilled employees form global working environment.
 Workforce diversity – This is one of the crucial element that needs to be consider by
organisation while developing and creating human resource strategies (Killu, Raja and
Annepu, 2021). It is essential that Tesco company have workforce diversity while
conducting business practices as it is significant for enhancing overall performance of
business. The workforce diversity of employees as far as age, social foundation, race,
religion, sexual orientation, and so forth is connected with the advancement of the work
is changing its technique for movement to focus in on the customer and incorporates
employees more to gain ground toward achievement in recruiting quality people, paper
getting ready and tending to customer needs. HRM engages employees to ensure
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