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Strategic Human Resource Management Analysis
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Added on 2020-11-12
Strategic Human Resource Management Analysis
Added on 2020-11-12
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Strategic Human ResourceManagement
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................11. Analysis of HR practices and policies within organisation against theoretical concept....12. Analysis of external forces and its impact on HR strategic decisions................................33. Analysis of the way in which HR functions is organised and practices and policies aredelivered.................................................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONStrategic human resource management is referred to as tactic which specifies informationabout various activities, executed to attract individuals and various things conducted byadministration to retain staff (Wright and McMahan, 2011). It is essential that appropriatecompensation and rewards are given by executive to members in respect to their performance.HR duties are to conduct recruitment, selection, compensation, training and development to haveadequate manpower in firm (Wilson, 2015). Along this, they even need to take care aboutdiscipline, payroll and conduct activities to enhance retention. Present report is based on T.K.Maxx which is popular retail store situated in United Kingdom. This assignment consistsinformation about analysis of human resource practices to help management appropriateconcepts and models. It is necessary that employer analyze external force to acknowledge itsimpact on system; thereby make adequate strategic decisions. This benefits them to framepolicies and organize activities legally and systematically. TASK 1. Analysis of HR practices and policies within organisation against theoretical conceptHR managers in a firm introduce various practices in order to provide benefits to bothemployees and employers (Brewster, 2017). It includes providing proper guidelines and directionto workers for making them aware about objectives of business. In T.K. Maxx, it is a subsidiaryof American company named by TJX Companies, that deals in apparel and household goodsbusiness. It offers a range of clothing, footwear, furniture and domestics products in manycountries. Currently, it has more than 550 stores where 1000 of workers are currently workingtherefore, to gain contribution of them, in achievement of business objectives, HR managers usedto formulate various policies (Armstrong, 2011). For this purpose, they concern more ondesigning proper workplace by recruiting best candidates in it and get right work from them.This would help in getting an opportunity to provide best services to customers which ultimatelyleads to increase competitive advancement as well. Through HR practices, they provide severalbenefits to employees like training and development programs, reward and compensation,performance appraisals etc. All these practices help in developing skills and abilities ofemployees so that they become able to work as per requirement of business. In addition to this,these functions aid employers to get retention of workers for long period of them. Managersperform various activities for increasing productivity and profitability of firm which includes:-1
Set proper directions and implement successfullyIntroducing innovative staff at workplaceEngage workers in group task Individual and develop good relations among them byeffective communicationUpdate skills of employees by giving them proper training so that productivity of themcan be increasedDrive performances of people at workplaceBy applying these practices of HR in T.K. Maxx, employers get following benefits:- Policies and strategies helps in developing organisational culture. It also provides effective tools and techniques through which employers can managework of employees and provide them healthy working environment (Cascio, 2018)..These practices aid superiors to provide proper guidance to employees so that they cancontribute their more efforts in achieving success of goals in a higher manner. Compliance business with laws and legislations; supports managers to run organisation inlegal manner. Human resource practicesHuman resource policiesRecruitment and selectionInduction training to new recruiters Employee integration strategiesTraining and development program toexisting and new employeesReward and Compensation planning Regulatory policiesFlexible working hours Paid time off policiesBusiness and travel reimbursementSetting proper directionHuman Resource policies and practices in T.K. Maxx are: High Commitment HRM:High commitment HRM includes various practices that are used by managers of T.K.Maxx in order to improve performance of employees and organisation (Daley, 2012). Since itoffers jobs both on part-time and full-time workers, therefore, it sometime create issues formanagers of this retailer in framing different-different policies. Along with this, managingrelation among these workers and gain their contribution in the achievement of businessobjectives refers to the major issue as well, that leads to increase high labour turnover rate.In2
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