Functions of HRM and Significance in Acquiring Talent

Human Resource
Management

Table of Contents
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
Overview of Tesco.................................................................................................................3
Functions of HRM along with its significance in acquiring talent.........................................4
Strengths and weaknesses of different approaches to recruitment and selection...................4
LO 2.................................................................................................................................................5
Learning, development and training.......................................................................................5
Job and workplace design.......................................................................................................6
The flexible organisation........................................................................................................7
Performance and rewards.......................................................................................................8
LO3..................................................................................................................................................8
Purpose of employment law and key legal issues and constraints along with the impact on
decision making of HR...........................................................................................................8
LO 4...............................................................................................................................................10
Job and person specifications...............................................................................................10
Recruitment and selection in practice...................................................................................11
Designing and placing job advertisements...........................................................................12
Short-listing and processing applications.............................................................................12
Interviewing preparation and best practice...........................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Human resource management is related to the strategic approach which is used by the HR
department of an organisation to manage the employees so that their work performance can be
improved which will help the company in gaining a competitive advantage in market. HRM
include all the processes related to recruitment, selection, training and development,
remuneration, motivation etc. so that the skills and abilities of employees can be used to meet
company objectives on time (Albrecht and et. al., 2015). The purpose of HRM help in making
employee performance better so that the aims and objectives of company can be achieved in an
efficient and effective manner. All the HR department activities help in managing the work force
so that the resources of company can be efficiently utilised and profits can be maximised. In this
report Tesco plc is taken which is an international British retailer which deals in groceries and
general merchandise and is headquartered in England, UK. The company is biggest private
sector employer in UK with over 360,000 employees working in its stores. Under this report the
functions of HRM, their key roles and responsibilities along with the effectiveness of key
elements of HRM will be discussed. Further the factors which affect HRM decision-making
including employee legislation will be explained along with job and person specifications which
will help in gaining a broad idea about the HR functions in company.
LO 1
Overview of Tesco
Tesco is an international British retailer headquartered in UK which deals in groceries
and general merchandise. It is the third-largest retailer in the world in terms of gross revenue
having its stores in over 12 countries outside UK. Tesco is the largest private sector employer in
UK which makes the functions of HRM in company most important (Analoui, 2018).
Mission: It aims at creating high value for its customers so that their lifetime loyalty can be
earned.
Purpose: The company tries to serve its customers better products always so that their standard
of living can be enhanced.
Objectives: The core business objective is to understand customer needs so that they can be
catered in an efficient manner along with acting responsibly towards the communities so that
their trust in Tesco can be increased.

Functions of HRM along with its significance in acquiring talent
Employees are the most crucial assets of Tesco who needs to be efficiently managed so
that they can help company in achieving its goals on time thereby gaining a competitive edge in
market. Some of the HR functions are: Recruitment and selection: Recruiting and selecting employees based on the job
requirements so that right people can be recruited at right time and for right job role so
that the objectives of company can be achieved on time. It help in recruiting highly
skilled and efficient employees for company who can help in finishing tasks on time and
in an efficient manner so that company goals are effectively achieved. Training and development: It is important to develop and train employees so that their
skills can be made efficient which helps in fulfilling the job requirements in an effective
manner (Brewster, Mayrhofer and Farndale, 2018). Through this the performance of
employees can improve which can help in achieving company goals in an efficient
manner and also providing high quality goods and services to customers. Performance appraisal: It is related to compensating employees based on their
performance so that they can be motivated to perform better thus completing their work
on time. This help in encouraging the employees to perform better that can help the
company in gaining a competitive advantage in market through improved overall
performance and productivity of employees. Planning: The function of HRM is to plan workforce structure of company so that
appropriate number and type of employees can be recruited which can help in achieving
company goals on time. This can help in making work easy for employees so that they
can perform work as per plan so that timely goals of company can be achieved. Directing: It is important that the employees are given direction related to performing
their work so that they complete the work in a defined manner which can help in
achieving company objectives on time. This help in improving the performance of
employees as they know how they have to perform their work which is essential in
completing wok on time and with efficiency.
 Job design: It is important that the delegation of work among employees is done based
on their skills and talents so that they can complete their work efficiently and effectively
which also help in enhancing their performance and productivity. This can help in