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Strategic Human Resource Management : TESCO Plc

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Added on  2021-02-19

Strategic Human Resource Management : TESCO Plc

   Added on 2021-02-19

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Strategic HumanResourceManagement
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Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION .......................................................................................................................5REFERENCES................................................................................................................................6
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INTRODUCTIONStrategic human resource management is the organizational process which include thevarious practices such as attracting, developing, retaining rewarding etc. It will be done in orderto provide benefits to the individual as well as whole business. Goals of human resourcedepartment should be support the goals of organization (Bailey and et.al., 2018). Here HRdepartment have to formulate effective strategies in order to resolve operational issues and helpsin maximising productivity as well as profitability. For the better understating of this concept,this project report select TESCO Plc. Company founded in 1919 by John Cohen and itsheadquarter situated in Welsyn Garden City UK. Tesco is an retail sector based multinationalorganization which deals in groceries & general merchandise items. This report cover varioustopics such as role of SHRM and how it provide benefits to measure employees as well asorganisational performance. In addition it include that, how balance score card use to measureindividual performance and it is linked with the management strategies. MAIN BODYHuman resources management (HRM) is the strategic approach and it will be used foreffective management of people which further provide competitive advantage in the market.HRM of the company should design to maximise productivity as well as profitability of thecompany. Main function of human resource management (HRM) is to recruit or hire talentedpeople and provide them necessary training which enhance their skills or competencies. Incontext of Tesco plc, HR manager hire talented candidates which helps the organization to growand increase employees productivity through providing effective training which improve qualityof work. Strategic human resource management (SHRM) is the process to attract large people,develop individual through providing required training and make sure to measure performancewhich used to provide rewards and other benefits. Manager of Tesco Plc, follow SHRM in orderto formulate strategies and implemented in effective manner and make sure it help the businessto maximise productivity as well as profit margin. These strategies developed in order to identifythat current resource able to satisfy the requirement of business (Brewster, 2017). Manager haveto ensure or focus on that human resource strategies must link with the strategic plan whichdevelop in order to satisfy customer needs & expectation. It will further beneficial in maximising1
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