Human Resource Management Report: Retail Industry HRM

This report delves into the core functions of human resource management (HRM), focusing on recruitment and selection within the global retail industry. It highlights key challenges such as decentralized recruitment processes, fluctuating human resource demands due to seasonal and festival-related activities, and high employee turnover rates. The report further discusses the difficulties retail managers face in assessing candidate personalities and making quick hiring decisions. It then suggests strategies to mitigate these issues, including employee retention tactics like offering better compensation and benefits, and continuous human resource demand forecasting. The conclusion emphasizes the importance of effective HRM practices for retail outlets to maintain customer satisfaction and competitive advantage in a challenging market. The report provides valuable insights into how retail businesses can optimize their human resource management strategies to overcome common obstacles and ensure success.