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The Case Study - SHRM at Megastores

   

Added on  2020-10-23

15 Pages4469 Words222 Views
STRATEGIC HUMANRESOURCEMANAGEMENT

INTRODUCTIONStrategic human resource management is identify as an effective plan that facilities theorganisation to run their business operations successfully. Main role and responsibility of HRmanager is to hire knowledgable candidates and provide different benefits to them such astraining and development, performance appraisal, compensation and many other. All these arehighly essential for the enterprise to motivate and encourage their all staff members (Analoui,2017). Thus, main goals of SHRM is to maximise employees productivity and performance byemphasising on enterprise obstacles that happen outside of human resources. This report is basedon the case study of Megastores is one of the country's largest and most successful high streetretailers. In this chosen organisation is Virgin Megastores, it is a supermarket chain in the UK.Such business is a type of retailing industry that provides grocery products to the customers atreasonable price. This assignment includes contextual and external developments which highlyeffects on HR strategy. Practical knowledge and contemporary theoretical are also determined inthis project which influence of human resource development. Change management model is alsoexplained in this study that benefited to the HR strategy. Contribution of HRM and HRD tosustainable business growth and performance is also discussed in this report.TASK 1P1 Key current trends that can affect human resources HRM in the each and every organisation play vital and effective role for the success andgrowth of the company within predetermined period of time (Role of HR in Achieving BusinessGoals, 2018). There are various current trends that can highly impacts the decision-making ofhuman resource in an effective and efficient manner. In this HR manager of the VirginMegastores can take appropriate decisions about recruiting and selecting talented workforceeither inside and outside from the organisation (Banfield, Kay and Royles, 2018). Some recenttrends which can impacts on the business performance are determined as below: Training and professional development: In current scenario each and every workers areeducated and having more skill to manage all activities and functions of the company withoutsupport from others. Due to maximising of rivalry they tries to develop an effective and accuratepolicies which assists the organisation to render proper training to entire workers. Beside this,business manager of the Virgin Megastores follow on-the-job training approach which includes1

certain methods such as role playing, induction training and so on. Along with this workforcecan increase their knowledge and skills easily. It is highly needed in their job because with thehelp of these they complete all tasks and activities within given time period. Benefits and compensation: It is another and important trend that can extremely effectson human resource. In this HR manager of the company has different roles and responsibility toprovide different number of benefits and compensation to their employees as per its work andperformance in the organisation (Beer, Boselie and Brewster, 2015). Therefore, human resourcemanager develop an effective policies and strategies to render more advantages to entire workers.For achievement of these, they can yield vacation and paternity leaves as well as providedifferent options to select time period of job as per their needs and convenience. Therefore, as anoutcomes it maximise the satisfaction and motivation level of whole employees. Cross Border legal compliances: It is another and effective trend that defines the entirerules and legislation are applied by the company. Therefore, as an outputs human resourcemanager of Virgin Megastores select candidates from outside of the organisation and have tofollowed each and every regulations which are formed by the legal authority. Beside this, theyhave to fulfil entire laws and legislation like payment of taxes. Apart from this, business managerselect candidates in which they have to yield custom duty and many other relevant taxes timely.It benefited to the company because there is no problem about legal factors. Global recruitment: In current scenario, employees of the each and every organisationare giving unique idea to the administrator. Therefore, human resource manager of the VirginMegastores have taken an effective decision in order to hire talented candidates from outside ofthe business entity (Beugelsdijk, 2014). This provides different benefits and advantages to thecompany to accomplish their long term objectives and targets within predetermined period oftime. To recruit and select knowledgable and talented applicants from the global marketplace,HR manager follows different kind of strategies and policies which help them to maintain strongposition at international marketplace. P2 Analyse both external and internal factors influence HR strategy and practice of VirginMegastoresInternal and external factor both are important for the development and progress ofcompany internationally. In order to achieve long term goals and objectives, HR Manager of theVirgin Megastores company create an effective practices and policies that can highly hinder on2

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