Strategic Human Resource Management Report: Marks & Spencer Analysis

This report provides an overview of the human resource management (HRM) practices at Marks and Spencer (M&S). The report begins with a brief introduction of M&S, followed by an analysis of its HRM strategies. It includes an environmental scanning, labor demand forecasting, and labor supply analysis, with the aim to evaluate areas which help in succession of business. The report utilizes PESTEL analysis to assess M&S's business operations in the Australian marketplace and concludes that the company can attract more audience for there products. The report also emphasizes the importance of conducting SWOT and PESTEL analyses for environmental scanning and strategic decision-making, and also the importance of the report is to know about the current position of a company in marketplace and then they make strategies accordingly. The report also mentions relevant references. The report is a response to the assignment brief which includes a requirement for a written report, and power point presentation.

Human Resource
Management

Human resource management is refers to plan of action which is required for
appropriate management of staff in an organization By which they able to
get effective competitive advancement Organization taken for this
assignments is Marks and Spencer which is founded by Michael Marks and
Thomas Spencer in year 1884. Its headquarter is in Westminster, London,
UK and it is a British retail company which operating their business
worldwide.
OVERVIEW

Environmental Scanning
Labour demand forecasting
Labour supply analysis
Evaluate areas which help in succession of business
PURPOSE

By conducting PESTEL analysis it can be analysis and evaluate that
the Marks and Spencer able to conduct their business operations in
effective and appropriate manner at Australian marketplace and also
able to attract more audience for there products ranges. Also company
not need to provide training and development sessions for each and
every work. By this they save time and money in effective manner.
Summary

Conclusion
From the above mentioned point it can be conclude that for a
company conduct SWOT and PESTEL analysis for conducting
environmental scanning. By this they able to know about current
position of a company in marketplace and then they make strategies
accordingly. During conducting analysis they able to know the
requirement of Labour or they can do Labour demand forecasting.

Armstrong, M. and Taylor, S., 2014. Armstrong's handbook of human resource
management practice. Kogan Page Publishers.
Bratton, J. and Gold, J., 2017. Human resource management: theory and
practice. Palgrave.
Briscoe, D., Tarique, I. and Schuler, R., 2012. International human resource
management: Policies and practices for multinational enterprises. Routledge.
REFERENCES

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