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Assignment on Strategic Human Resource Management- SHRM

   

Added on  2019-12-03

22 Pages5760 Words160 Views
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EXECUTIVE SUMMARYEmployees are one of the major assets of an organization. Companies create wide impacton growth and development within this competitive market by managing strong and committedteam of employees. SHRM is a process of analysing organizational goals and objectives andlinking those with the employees’ development and growth. It is a system whereby companiesdevelop strategies to enhance competency by involving employees in the key decisions of thecompany. This helps the companies in enhancing competitive edge through acquiring a strongteam of committed employees. Present study evaluated various measures adopted byorganizations in order to attain global success in this competitive world. The report will focus oncreating an in depth analysis of Tesco plc by evaluating the impact of implementing strategichuman resource management in the organizational operations. The current study is anexploratory research as it seeks different methods and strategies that have helped Tesco indeveloping in measures of human resource management system to attain high measures ofsuccess within the organization. Exploratory research design helped researcher in developing aclear analysis of various theoretical models into practical business situation. On the basis offinding and evaluation of the research study it is evident that Tesco has not implementedstructure measures of managing human resource functions. This caused wide impact on HRpractices. The company was unable to attain a strong and committed team of employees. 2 | P a g e

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................4METHODOLOGY..........................................................................................................................5FINDINGS.......................................................................................................................................6Human Resource management....................................................................................................6Role of SHRM.............................................................................................................................8Ulrich models of HRM..............................................................................................................10Internal and External Influences................................................................................................12Changes that Envisage in Three Years......................................................................................13CONCLUSION..............................................................................................................................13RECOMMENDATIONS...............................................................................................................14REFERENCES..............................................................................................................................15APPENDIX....................................................................................................................................17Company analysis......................................................................................................................17Action Plan................................................................................................................................18Reflective study.........................................................................................................................193 | P a g e

INTRODUCTIONEmployees are one of the major assets of an organization. Companies create wide impacton growth and development within this competitive market by managing strong and committedteam of employees. Global growth of business units has increased organizational efficiency byintroducing the process of culture diversity within organizational operations. Employees are theonly resources which could be trained and developed to attain loyalty to attain effective measuresof success in this competitive market. Human resource management within the organizationdevelops a system of creating wide measures of growth in the economy through growth anddevelopment of the employees. Strategic HRM is an operational measure which links employeedevelopment and growth as one of the major objective of the company in order to attain highmeasure of growth and success within the market. From the statistics, it has been found that 4 outof 10 HR functions perceives as a single HR team whereas 27% saw themselves as adoptingUlrich Model. However, this has been argued by Storey, (2014) that by developing a team ofexpertise, each one doesn’t possess the opportunity to resolve the issue or problem that exists inthe organization. Also it has been state that this viewpoint promotes task culture in theorganization whereas Ulrich model focuses on developing role culture. From this, discrepanciesattains in the motivational level of employees that somewhere affects the morale of theemployees. According to Akhtar, Ding and Ge (2008) SHRM is a process of analysing organizationalgoals and objectives and linking those with the employees’ development and growth. It is asystem whereby companies develop strategies to enhance competency by involving employees inthe key decisions of the company. This helps the companies in enhancing competitive edgethrough acquiring a strong team of committed employees. Lepak and Shaw, (2008) definesSHRM ensures the integration of strategic planning with HR policies to adhere systemdevelopment of business while managing day to day activities. In addition to it, CIPD researchstates that 17% of HR professionals focus on prioritizing business issue rather than HR problemsbut 43% focuses on HR more primarily. It is been stated in favour of the statement by Urtasun-Alonso and et.al., (2014) that large organization are highly focusing on HR issues. HR managerare developing appropriate strategies in this context so that employees can be retained for longer.Moreover, they are prioritizing HR functions to talent management, employee empowerment,4 | P a g e

talent acquisition, high compensation scheme and other related. Contrary to this Armstrong andTaylor, (2014) found that small and medium sector are struggling with HR issues and are highlyfocusing on recruitment only. Very less concern are shown towards motivation and retention ofemployees. Further, CIPD claimed that driving change in one of the major challenges in presentscenario. This is the actual scenario now a days as employees need to change their workingpattern due to high amount of uncertainty and differences in the external environment. In thiscontext, Nyberg and et.al., (2014) stated that employees are now working in a stressfulenvironment which is another concern for HR to drive change in the company. Hence, it isrequired that company must focus on activities through which resistant to change can bemanaged. Present study will evaluate various measures adopted by organizations in order to attainglobal success in this competitive world. The repost will focus on creating an in depth analysis ofTesco plc by evaluating the impact of implementing strategic human resource management in theorganizational operations. The organization is a well established global organization operatingsuccessfully in more than 12 countries. The study will implement theoretical models andexamples to critically analyse the factors which have helped the company to grow and develop inthis high level of market competition. METHODOLOGY This segment of the report focuses on creating a proper understanding of the given topicby adopting an appropriate structure to analyse the topic for the given study. Researchmethodology creates a well developed measure of studying the given topic for the research study(Wei and Lau, 2008). Appropriate research plan can be defined as a methodology ofinvestigation which comprises different tools and techniques of research which helps incompleting the whole investigation in smooth way. It provides a detailed idea about variousmethods and theories implemented in the report to carry out the conclusion. The current study is an exploratory research as it seeks different methods and strategiesthat have helped Tesco in developing in effective measures of human resource managementsystem to attain high measures of success within the organization. Exploratory research designhelped researcher in developing a clear analysis of various theoretical models into practical5 | P a g e

business situation (Li, Frenkel and Sanders, 2011). Qualitative research method has been adoptedto analyse the subjective concepts of the give topic. This research type has been adopted asemployee behaviours is subjected to behavioral factors which is efficiently understood applyingqualitative research measures. To carry out the research, secondary sources of data collection have been used. Thesecondary sources of data such as books, journals, findings of past researches and various articleshas been considered which has helped in developing a means of creating research analysis for thegiven topic. This previously approved data creates high level of reliability for developingefficient finding for the given research problem.FINDINGSThis part of the report creates a detailed understanding of all the models and theoreticalconcepts regarding human resource management in the business units. It creates a detailedanalysis of various concepts, theories and models adopted by the organizations. This segment ofthe study critically analyses the application of stated theories and models in the businessoperations of Tesco. It creates an analysis of various measures which the organization hasadopted to gain the global success. 6 | P a g e

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