HRM Report: Analysis of HRM Practices at Tesco and Employee Relations

This report provides a comprehensive overview of Human Resource Management (HRM) practices, focusing on recruitment, selection, training, and employee relations within the context of Tesco. It explores different recruitment methods, the benefits of various HRM practices such as compensation, and the importance of a healthy working environment. The report also examines the effectiveness of HRM practices in enhancing organizational productivity and profitability, emphasizing the significance of employee relations and the key components of employment legislation, including anti-discrimination and equal pay acts. The conclusion highlights the crucial role of effective HRM in achieving business objectives and competitive advantage in the market. The report is valuable for students studying HRM and related fields.

HUMAN RESOURCE
MANAGMENT

INTRODUCTION
 One of the vital function of every organization is Human
Resource Management that is concerned with recruitment
as well as selection of individuals within firm.
 Workforce is an important part of every company that
highly contributes in growth and success of organization

FUNCTIONS OF HUMAN RESOURCE MANAGEMENT
 There are various purposes and functions of Human Resource Management
but, one of the major purpose is to is to select and hire skilled and
knowledgeable work force who are able to attain goals and targets of
company.
 Various functions are performed by HR manager regarding wages and
salaries, performance appraisal, compensation, workplace policies, maintain
healthy environment within firm, health and safety of workers. etc.

CONTINUE…
 Training is also one of the important aspect that is performed
by human resource manager of Tesco in order to attain high
growth and maintain sustainability in market.
 Recruitment and selection
 Training and development

DIFFERENT METHODS OF RECRUITMENT
AND SELECTION
 Recruitment refers to the process of searching and finding
most suitable and talented candidate for the company who
assist in achieving business objectives and goals in an
effective and efficient manner.

INTERNAL SOURCE
Strength Weakness
Saves money, time and energy Lack of creativity and innovation
Increase loyalty of existing
employees
Discourage capable person
No error in selection Sometimes creates a feeling of
dissatisfaction among existing
employees
Self-Development

EXTERNAL SOURCE
Strength Weakness
Bring new ideas Demoralization among exiting
workers '
Availability of suitable candidate Lack of corporations
Entry of fresh talent Expensive Process

BENEFITS OF DIFFERENT HRM PRACTICES
 There are different types of practices related with the
concept of human resource management such as training
and development, motivation, compensation and benefit,
healthy working environment and many more.
 Each practices is having its own benefit and that satisfy
need of both employee and employer in an effective manner

CONTINUE…
 Following are some of the benefit of different HRM practices for
both employee and employer within TESCO are discussed below:
Retaining qualified employee
 Encouraging Positive behavior
 Developing employees
 Improving performance management system
 Developing good relations
 Building flexible workplace

EFFECTIVENESS OF DIFFERENT HRM
PRACTICES
 The HRM practices proves out to be effective for TESCO
in context of raising organizational productivity and profit.
Starting from the time of implementation of different
HRM practices, the company has gain huge profit and
productivity

SIGNIFICANCE OF EMPLOYEE
RELATION
 Work is easy if it shared among all workers collectively
 Discouraging conflict among workers
 Loyalty of the employees
 Ensuring quality by communicating effectively

IMPORTANT COMPONENTS OF
EMPLOYMENT LEGISLATION
 This facilitates in defining responsibilities of manpower to
firm. Some key components of legislation are as follows:
 Anti discrimination act
 Equal pay act
 Working time directive act