Evaluating HRM Decision-Making: Internal and External Factors at M&S
VerifiedAdded on  2023/06/16
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This report evaluates the factors and practices affecting Human Resource Management (HRM) decision-making, using Mark & Spencer as a case study. It explores both internal influences, such as corporate objectives, operational strategies, marketing strategies, and financial strategies, and external influences, including market change, economic change, technological change, and social change. The report also discusses the importance of HRM legislation, including anti-discrimination laws and work-life balance initiatives, and examines HRM practices like employee staffing, staff development, performance management, employee encouragement, and involvement in decision-making. The analysis concludes that a comprehensive understanding and implementation of effective HRM practices, coupled with careful consideration of internal and external factors, are essential for organizational success and attracting and retaining skilled employees. The report emphasizes the need for HR to hire the right candidate with the right methods and approaches to resolve issues and complete tasks effectively, as well as the importance of continuous motivation and employee satisfaction for long-term business growth. The document is available on Desklib, a platform offering various study tools for students.
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