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Strategic Resource Management | Study

   

Added on  2019-12-03

12 Pages5073 Words157 Views
STRATEGIC RESOURCE MANAGEMENT

TABLE OF CONTENTSIntroduction..........................................................................................................................................3Task1.....................................................................................................................................................31.1Objectives and HRM contribution to the achievements of objectives at Tesco........................31.2 Role of HRM Tesco...................................................................................................................32.1 Recruitment and retention strategies..........................................................................................42.2 Techniques used to develop employees in organization............................................................42.4 A systematic analysis of the effective strategies an HRM department must use to support the achievement of organizational strategy...........................................................................................51.3 Apprasing process of planning human resource requirements..................................................5Task 2....................................................................................................................................................63.1 Create a table which identifies the chosen organization’s objectives and shows the physical resources required to ensure achievement of each of these objectives. ..........................................63.2 & 3.3 Role of physical resource management in Tesco.............................................................7Task 3....................................................................................................................................................74.1 Contribution of marketing objectives to achievement of organizational goals.........................74.2 Evaluating marketing operations of Tesco.................................................................................74.3 Process to develop markets........................................................................................................8Task 4....................................................................................................................................................95.1 & 5.2 Role of ISM in Tesco.......................................................................................................95.3 Process of planning ISM requirements......................................................................................9Conclusion............................................................................................................................................9Reference............................................................................................................................................11

INTRODUCTION Strategic resource management can be defined as the intention and plan for the way in whichits organizational goals and objectives are accomplished with the help of human resource. Strategichuman resource management (HRM) mainly focuses on developing different approaches whichwould help in differentiating its firm from their competitors (Guest, 2011). The present report willreview and discuss strategic human resource management practices that is adopted by Tesco. Tescois one of the British multinational grocery and retail organization. Tesco has introduced highinvolvement in managing its human resource in order to satisfy its employees. Tesco implementsstrategic HR as a change agent which helps the firm to gain competitive advantage. The presentreport has focussed on areas like human resource management practices and management ofphysical resources at Tesco. Further, it covers the marketing strategies adopted in Tesco. Lastly, itfocuses on Information system management used by Tesco in order to achieve goals and objectives. TASK11.1 Objectives and HRM contribution to the achievement of objectives at TescoMain objectives of Tesco are:To offer customers the best value in terms of money and best competitive price (CHUANGand Liao, 2010). To develop the existing skills in its employees through sound management and trainingpractices and often rewarding its employees and providing equal opportunities.To support well-being of community and protection of environment. To work closely with suppliers and to build long term relationships with them that is basedon strict quality and price criteria (Jiang and et. al., 2012).The contribution of human resource management towards achieving the objectives of Tescocan be understood as first of all, HR department is concerned about the staffing function incompany. In this way, by recruiting the best and talented employees in Tesco contributes inachieving the objectives at Tesco. One of the objectives of Tesco is to develop the existing skills ofits employees. However, in order to fulfil this objective, the HRM at Tesco provides continuoustraining and development activities so that the staffs at Tesco are able to develop its existing skills(Salaman, Storey and Billsberry, 2005). This helps to improve the performance of employees whichultimately contributes to the overall achievement of company's goals. 1.2 Role of HRM TescoIn every organization, human resource management plays a very crucial role for meeting thegoals of company. Therefore, the roles of HRM at Tesco include following:

Collaboration: Tesco being a large retail company has to manage various activities withinspecified given time (Chen and Huang, 2009). Therefore, the managers and HRprofessionals at Tesco continuously work together in order to develop the employee’s skillsand abilities. If employees do not perform their roles and responsibilities effectively, then itwould negatively affect the performance of the Tesco. For example, HR professionals atTesco advice managers and supervisors the way to assign employees at different functionsand if they do not perform their roles properly, then it would affect the firm negatively.Hire, train and retain employees: The role of HRM at Tesco helps company to provide theright type of personnel. However, even training arrangements are made available to theemployees at Tesco in order to give training to employees and help them to enhance theirskills(Ngo, Lau and Foley, 2008). This role is played by HR managers and they have to verycareful in selecting the best candidate who would be capable enough to support the firm inachieving their desired goals and objectives. In addition to this, the HRM team are veryhelpful for the employees to serve company for longer duration. Problem occurs when theyfail in selecting the skilled and capable candidate. It may also result in increase in cost.Employee’s relation: HRM team at Tesco helps to maintain employee’s relation. Wheneverconflicts or disputes arises among employees and employers, HRM team manages areresponsible to handle the situation accordingly and they would focus on reducing and insolving the disputes among employees. If they do not perform their role properly, thenconflicts would cause more problem for Tesco. Therefore, it can be said that the role ofHRM is to build good relations among workforce (Rynes, Giluk and Brown, 2007).2.1 Recruitment and retention strategiesTesco should select employees who would be helpful in achieving their goals and objectiveseasily. For this purpose, company follows structured process of recruitment which attractapplicants both for managerial and operational roles. Tesco uses different types of tolls foradvertising available jobs. The process of recruitment varies according to the job's vacancyavailable (Mello, 2014). Tesco first looks at the internal talent to fill up the vacancy. This is theprocess where employees are moved either at same level or on promotion. If Tesco does not haveemployees to fill the required post, then for this purpose Tesco advertises its post internally for 3weeks on Intranet. Through this, referenced candidates are selected for the current vacancy. Theonly problem in this process is that candidates have to regularly check company website so as toknow the vacant post available at Tesco.Moreover, the retention strategies which are adopted at Tesco in order to retain theemployees in company include introducing recognition programmes in the organization (Armstrong

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