Strategic Resource Management (SRM): Assignment
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Added on 2019-12-03
Strategic Resource Management (SRM): Assignment
Added on 2019-12-03
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Strategic ResourceManagement
TABLE OF CONTENTSINTRODUCTION.....................................................................................................................................1ACTIVITY 1: HUMAN RESOURCE MANAGEMENT.........................................................................11.1..........................................................................................................................................................11.2..........................................................................................................................................................22.1..........................................................................................................................................................22.2..........................................................................................................................................................32.3..........................................................................................................................................................42.4..........................................................................................................................................................41.3..........................................................................................................................................................5ACTIVITY 2: PHYSICAL RESOURCES MANAGEMENT..................................................................63.1..........................................................................................................................................................63.2, 3.3...................................................................................................................................................7ACTIVITY 3: MARKETING....................................................................................................................74.1..........................................................................................................................................................74.2..........................................................................................................................................................84.3..........................................................................................................................................................8ACITIVITY 4: INFORMATION SYSTEMS MANAGEMENT (ISM)...................................................85.1, 5.2...................................................................................................................................................85.3..........................................................................................................................................................9CONCLUSION..........................................................................................................................................9REFERENCES.........................................................................................................................................10
INTRODUCTIONStrategic human resource management (SHRM) is the process which evaluates currentand future needs of human resources within firm to attain desired goals. SHRM involves variedelements of human resources such as hiring, compensation, payroll and discipline etc. Further,undertaking such concept assists workers in developing collaborative working; it also helps inretention within the firm, enhances the quality of work experience and maximizes mutual benefitof employment for both employee as well as employer (Ketchen, Wowak and Craighead, 2014).In current study, strategic resource management concept has been evaluated with regard to TescoPlc. It is one of the leading British multinational grocery and general merchandise retailer.However, it is the third largest retailer in the world as per revenues. The report discusses fourdifferent activities such as human resource management, physical resource management andmarketing as well as information systems. However, it assists human resources of the companyto demonstrate and assess role of HRM within organization with the aim to support businessstrategy and to develop human resource in the enterprise. ACTIVITY 1: HUMAN RESOURCE MANAGEMENT1.1 It can be evaluated that, main objective of Tesco is to achieve desired goals with theassistance of human resource management within enterprise. Further, managing human resourceswithin the organization is essential because it assists in carrying out effective function of firmand attain desired goals. However, Tesco normally favours objectives such as improving salesand profitability. For example, one of the goals of Tesco is to provide quality products andservices to its customers (Andries and Czarnitzki, 2014). Thus, in order to achieve theseobjectives it is significant for the firm to organize effectual training and development session forits employees. It assists them in enhancing their knowledge regarding product and thus helps insatisfying the requirements of clients. Another objective of Tesco is utilize skills and talents of employees so that, they canattain maximum satisfaction of customers. Here, performance appraisal function of HR helps inachieving the stated goal effectively. By using this manager can assess the training anddevelopment need of its employees to enhance their productivity. Another objective for businessis to maintain employee satisfaction. For instance, it has been observed that, sometimes1
employees feel highly dissatisfied when employers do not take any action against the conflictingsituation which arises among workers (Armstrong and Taylor, 2014). Thus, in order to attain thisobjective, HRM contributes effectively by implementing proper grievance handling procedure.With the assistance of this procedure, the conflicts which occur between employees can beresolved. Hence, through this way satisfaction of workers can be maintained. 1.2According to the view of Berman and et. al., (2015), it can be evaluated that, it is thehuman resources plays a crucial role within firm in order to carry out diverse work activities.Further, managers and HR professionals play an important role in organizing people so that, theycan effectively perform these operations. Therefore, it can be assessed that, HRM is the mainapproach for Tesco in order to gain desired objectives. There are varied roles within HRM whichis required to be fulfilled by the company. These are as follows Recruitment and Training- As per the opinion of Molina-Azorín (2014), it is one of thecrucial role of HR department. Therefore, HR managers of Tesco are required to designeffective plan and strategies for recruiting skilled and talented individual for the right job.Thus, through selecting right people it assists the firm in enhancing sales andprofitability. Further, employees are required to attend training programs which helpsthem to sharpen their existing skills so that, they can undertake certain new roles andresponsibilities. Managing disputes- It can be assessed that, within firm there are several issues on whichdisputes can be occurred among workers and management. As per theMitchell and et. al.,2014), it is crucial for human resource department to act as a mediator and consultant inorder to sort those issues and attain desired objectives. It is essential for HR personnel tolisten to grievances of the workers and provide them with proper solutions. 2.1It can be evaluated that, both recruitment and retention strategies are important humanresource functions which requires strategic thinking and planning. However, it is essential for theorganization growth to maintain its recruitment and retention tactics. Through recruiting andretaining the best talent, it helps in enhancing brand image of Tesco in the market. Recruitmentstrategies include recruiting and selecting skilled individuals for the job (Collings, 2014). While,2
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