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Unit 3- Human Resource Management Assignment

   

Added on  2021-02-20

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Unit 3: Human ResourceManagement

Table of ContentsINTRODUCTION .............................................................................................................................3MAIN BODY.....................................................................................................................................3ACTIVITY 1......................................................................................................................................3HRM purpose and functions.......................................................................................................3Recruitment and selection process weakness and strengths.......................................................5ACTIVITY 2......................................................................................................................................7Organization used various HRM practices.................................................................................7HRM practices has significance role in terms of raising the profitability of the company8Critical of HRM practices and Application in the organization..................................................8ACTIVITY – 3...................................................................................................................................9Significance of maintaining employees relations for the HR decision making.................................9Influence of employment legislation on Human resource decision-making.............................10Demonstrate the Application of HRM applications..................................................................11CONCLUSION................................................................................................................................13REFERENCES.................................................................................................................................14

INTRODUCTION HRM is defined as a business practice or process which is concerned with the functions ofrecruiting, controlling, selecting and hiring of the best skilled manpower for the job post. It isrelated with the management function of the business organization thereby managing properallocation of business as well as human resources as available with the company for smooth andefficient working. It emphasizes on maintaining of better communication and relationship amongemployees for more productivity and profitability aspects. The present file is based on Tesco plcwhich is a British multinational groceries and merchandise retailer in United Kingdom havingcontrol over 28.4% share in the retail market sector. This company is engaged in the retailbusiness function having different product variants viz. Hypermarket, convenience shop,superstores etc. The report will define Human resource management functions and purpose alongwith key benefits and loopholes of recruitment & selection procedure. Also, description of HRMpractices benefits to employees and business firm as well. Furthermore, evaluation of HRMpractices in relation with raising of profitability & productivity aspect of organization will bedone. Analysis will be made about employee relation importance with elements of employmentlegislation. At last, it will provide application use of HRM practices.MAIN BODYACTIVITY 1HRM purpose and functions.Human resource is considered as one of the most valuable asset of business organization.By properly managing and controlling this resource, every business organization can improve itsbusiness functions viz. Productivity and profitability. It is having its main focus on recruitment ofthe best qualified and appropriate management personnel for the job post. It also providesdirection to the employees so as to work towards attainment of set defined business goals andobjectives in better and cost effective manner. Following is the purpose of HRM thereby assistingTesco in maintaining its employee retention:1.To employ creative and innovative thinking, knowledge and skills of employees efficientlyso that proper utilization of available human resources can can be done for attainment ofbusiness goals (Vanhala and Ritala, 2016).2.By offering monetary and non monetary incentives to its employees, Tesco has been ableto motivates them and is able to satisfy their needs and wants.3.Tesco by encouraging and determining each individual employees so as to realise their full

potential will be able to enhance job satisfaction level among them thus increasing theirmotivation.4.One of the main objective of HRM is to ensure effective as well as proper utilization ofavailable human resources and its development.5.Providing Tesco with highly qualified and skilled employees having creative thinking, highmotivation level and better knowledge as well.6.Human resource management of Tesco always ensures that its employees personality andcapabilities are developed and enhanced so as to perform in more better and productivemanner (Hassan, 2016).Functions of Human resource management are closely interrelated with each other. Thus, humanresource management of Tesco performs following functions which are as follows:1.Managerial Function – This related with management of available and limited businessas well as human resources of the company for the betterment and smooth functioning ofTesco. It consists of following parts:Planning – It is a process of formulating strategies, policies and frameworks in line withthe goals and objectives as determined by the company. It helps Tesco in making properallocation of resources as per the plans and needs of different business departments.Organising – Is related with the function of structuring and defining of allocation of joband delegation of authority to each individual employees for performing a particular task.Staffing – A process which involves subject matter related to hiring, recruiting and staffingof best candidate for the job work. It is concerned with setting performance standards,training and development and compensation related issues of its employees.Directing – Is a process which is related with the concept of leading and giving directionto its employees for attainment of set defined business goals and objectives. Tesco helps itsemployee in increasing their morale and motivation level so as to perform in much betterand effective manner.Controlling – A process which is related with setting and formulating standards,guidelines and norms related to performance and activities as undertaken by employees inline with the objectives defined (Farouk and et.al., 2016). It helps in tracking andmonitoring actual performance in comparison with standards set for taking preventive andcorrective measures required if any.2.Operating Function – It is related with the operational and service functions of thebusiness firm monitoring each department is performing in a better and effective mannertowards attainment of set defined business goals. It basically includes:Procurement – Concerned with process of procuring and recruiting right people for right

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