Human Resource Management Report: TESCO Resource Analysis

This report examines TESCO's human resource management practices, focusing on recruitment processes, required skills for specific roles like assistant managers, and the use of documentation. It analyzes the employability, personal, and communication skills essential for these roles. The report also explores the physical and technological resources utilized by TESCO, detailing their importance in business operations. Furthermore, it investigates the financial activities undertaken by TESCO to secure necessary funding. The report covers various aspects of HR management, resource allocation, and financial strategies within the context of a major retail organization.

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LO1 – Know how human resources are managed
P1/M1/P2
You need to research an organisation of your choice and work through the questions below
Organisation
Name
TESCO
Describe the
recruitment
documentation
used in this
organisation
{P1}
For this report the company TESCO is selected to documentation of the recruitment
process.
When enterprises are looking for employees in the business, they need to advertise it in
newspapers, websites, digital platform with providing all the details such as person post,
job role, job description or title, requirement, professional skills (Benckendorff, Xiang and
Sheldon, 2019).
TESCO advertise the job description for the role of assistant manager at any platform they
need to cover all the primary detail of job like obligation or duties to job, skills and
qualifications required for the job in the potential person, professional skills such as a team
member, communication with colleagues etc. Job description is After selecting the person,
they need to require other document application form on the joining date by the candidate.
Job description is basically developed to conduct the job analysis. It examine the task,
duties for the assistant manager. Person specification is ideal profile of the candidates that
includes the skills, experience and personality. Job advert is notification to hire the
particular person who can perform the particular task by using the position in company.
Application form is document that fill by the expected person to apply for a job. CV is
written overview of the qualification, experience, skill and a complete record of an individual
career.
Application form is all about the basic information with professional skills that are
mentioned in CV. By receiving all the personal and professional details of employee’s
company created the offer letter. In this document there are all the details of company,
rules, business expectations with individual, roles and responsibility etc.
Analyse the
recruitment
documentation
used in this
organisation
Uses of Recruitment documentation in the selected company TESCO is all about
coordinating between staff member with management in respect to describe the rules and
regulation, facilities, capital, services, work, other dimension of the business. Job
description is related certain data to candidates like job task,title, location,

{M1} approaches,behaviour, training, career growth, pay and promotion aspects (Bernstein,
2015). All the above mentioned document serves the job information to aspirates. This
detail is beneficial to person to know the job responsibility and task that is going to perform.
Candidates set the ideal quality or attributes in the application and CV form, but it need to
be matched with organisation standard. Advantages of these document are to provide the
overall information regarding the candidates. Disadvantage of the document is ideal data of
the candidate. It may not be actual situation of the candidates.TESCO can analysis the
ability of person by looks the aspirates physical look, achievement, talents interest,
personality.
Research a specific job role and provide a job
description for this job below

Describe the
main:
*employability
*personal and
*communication
skills required for
this role
{P2}
For the role of assistant manager, TESCO can assess the ability in the potential candidate
by analyzing the skill of communication, personal and employability skills.
Employability skills must match with the qualification of a aspirates. This type of skill
includes teamwork, planing, organizing, problem solving, self-motivation skill that needed
by TESCO to employ a candidate. On the other hand, some firm requires formal
qualification to select a aspirates it will depends on the job description. If the requirement of
experienced person in TESCO it will have different job description and title. It will be easy
to get hire the person who have worked prior in the same profile. Having the goods
knowledge of product and services of the company in potential person, it will be easy to
manage the customer services in marketing role (Brandon‐Jones and et. al. 2014).
Communication skills are important in organisation to coordinate the team member and
delivering the valued information to colleague’s meanwhile data transmitting in the
corporates meeting. Verbal communication is required for the particular job role. job
description is basically developed to conduct the job analysis. It examine the task, duties
for the assistant manager. Person specification is ideal profile of the candidates that
includes the skills, experience and personality. Job advert is notification to hire the
particular person who can perform the particular task by using the position in company.
Application form is document that fill by the expected person to apply for a job. CV is
written overview of the qualification, experience, skill and a complete record of an individual
career.
Personal skills are required fir teh job role of assistant manager to make instant decision,
time management, resolve the workers conflicts, capacity to handle work under presser
and self-motivation. Experienced person knows to handle all the dilemma in different
situation and different sector company. All the above mentioned skills for the role of the
assistant manager is required in the company TESCO.
LO2 – Know the purpose of managing physical and technological
resources
P3
You need to research an organisation of your choice and work through the questions below.
Organisation Name
TESCO

Describe the main
physical resources
required in the operation of
this organisation
{P3}
Physical resources of the TESCO's are plant and machinery, material,
office equipment, security, maintenance, stock. In the physical resorces of
the TESCO, It includes the office building which is around 3378 across UK.
In the other equipment of physical resources, there are various stock of
equipment like phone, computer, PC, chair, desk etc. All the physical
resources play an important role in handling running the business operation
at different level. It may improve the efficiency of the production unit of
TESCO. Good resources may enhance the level of the production
efficiency in the business. Without these resources a business cannot
sustain in the long run. A business needs to set up the production unit as
per required capacity of the business-like size of promises, machine
efficiency. The location of the business and its environment needs to set up
where all resources are easily available (Cumming and Johan, 2017). The
manufacturing unit analyse the customer demand, desire and make the
product accordingly. In the TESCO, it has around 3400 stores across the
UK. The reason behind it customer can buy the product at nearest shop
available. Due to the equipment company can produces the more effective
product and attract the customer with after sales services by
communicating after sales. IT equipment hardware and software are also
used by TESCO to access the information at the right time from any stores.
This IT equipment impose the physical obstacle and surveillance work in
the organisation. Software of the company provides the facility to operating
the business unit and render the security to the business. This will help in
blocking the information that may access by an unauthorized user.
Describe the main
technological resources
required in the operation of
this organisation
{P3}
Technological resources are those kind of resources which are based on
the specific techniques and tools. In addition to, this is crucial for the
companies to update the availabile tech based resources as per to gain
envionmental system. These resorces of the TESCO's are intellectual
property which includes patents, copy rites, trademark, license of software,
skills etc. Technological resources that are required to run the business
such as computers, monitors, data connectivity with other stores. All these
resources need to be managed to operate the business functions (Hayes,
2018). The management of these resources can improve the capacity and
efficiency of the business in order to experience the skill of these model.
TESCO can enhance organisational performance in the business by taking
the competitive advantages of its related business. As company has broad

business model so it requires fully developed as well as updated
technological system. It may have different ideas related to other tech-
based model to operate the business activities. TESCO is first choice of the
customer in the market so it must keep updated with new technological
changes to sustain in the long-term market. Customer will trust the brand
name and families with TESCO technology, so it needs to provide them
guarantees of best business practice. By employing experience staff in the
customer support team will be beneficial to organisation to retaining them
for future. Technology of the TESCO is highly influence to other
organisation. It serves the best possible stuff to its valued customer so they
can experience the shopping products. Where competitor the business
considered world class tech system of the TESCO's, it may become leading
or forefront business by continuous inventing the better technological
model. TESCO came up with idea of patents the goods and services so
other business cannot access the services idea of it or it can be protected
in the further use.

LO3 – Know how to access sources of finance
P4/M2/D1
You need to research a business of your choice and work through the questions below.
Business Name TESCO
What activities do they
need finance for?
Financial activities that may be done by the TESCO to raise the finance. All
the business requires the finance to handle the business activities in the
organisation (Mezger, 2014). There is a lot of resources of the fund in the
market to introduce the capital of the business. Some resources of the
finance are short term based that may be paid within one year for example
term loan, short term fund. On the other hand, long term resources are also
the finance sources to TESCO to be finance for than one year and needs to
be back over many years.
What could be the
consequences to this
business if they had a
shortage of finance?
There are some consequences to TESCO's when they have finance
shortage in the organisation, they may not able to produce the goods on
time as material are not available in the stores due to unavailability of
funds. Some of the issues they may face such as labour turnover,
economic cycle period, cash flow of firm, growing plan and other financial
challenges. The all the financial crises may happen in the business to due
to unavailable resources in the business. They may not collect the ample
amount of cash due lower the sales in the business (Pivoda, 2016). Some
of the business are goods on the paper because their sales are goods at
the time, they provide the credit facility to customer so they may collect the
amount in time. When the cost of the martial are really high to produce the
goods, it may also diminish the cash flow of the business. These
fluctuations may affect to working cycle period. It takes more time to
complete the cycle when finance is not available in the business. Overall,
these kinds of financial consequences affect the growth of the business.
Describe the internal
sources of finance for
this business
{P4}
Internal sources of finance for the TESCO's are sources of funds that is
available inside the business organisation. If business wants the funds,
they can easily access the fund to enhance the field of the business. The
owner’s capital is most important resources of the internal side of the
business. It can easily available when it required. Internal sources are
easily available, takes less time to acquire and doesn't take too much effort
by the owners of the business.
Owners Capital:
owner funds are the internal resources of the business to raising the funds.
These funds are procured by the business owners to future use in the

business. The business owner introduced extra capital from its personal
savings or assets in the business with the financial risk or aiming to earn
profit.
Retained earnings:
This is the internal resources of finance to be introduced in the business to
operate the basic function of the business. This resources in the business
can be inserted from the reserves made by business in prior years. This is
also knowns as ploughing back of profit. These funds are the balance of
profit that remaining after paying dividends to shareholders (Tseng and
Lee, 2014).
Sales of existing assets
In the internal factors of finance, business can sell the fix assets that is not
used by the business in its operating activities. When the life of the assets
is over or in process, enterprise can sell the property of business. So it may
become internal resources of finance.
Describe the external
sources of finance for
this business
{P4}
External resources of the finance of TESCO's can be arranged from the
outsider of the business. This source provides the huge capital to the
business when they needed it. It may include loan from financial
institutions, bank loan, public deposits, commercial paper, overdraft,
debenture etc.
Debt financing
This is the external resources of finance that needs to pay out in the long
term. These resources are of external side provides fix amount that need to
pay in the future with certain percent interest. Landers may make the fix
amount that is debt financing. It includes bond, leasing, commercial paper,
term loan etc.
bank loan
This is also external sources to raise the funds. It is alike an overdraft that
can borrow from nationalized bank. Bank charges certain percentage
interest rate on the loan amount. As per the agreement between bank and
TESCO by promising to pay amount after a certain time period with interest.
Analyse the
advantages and
disadvantages of a
range of different
sources of finance for
this business
{M2}
Advantage of retained earnings:
There is no interest rate on it or not to repay someone. It is internal
resources so there is no issue cost to company to pay. It increases the
return on the investment as its increases share capital of TESCO. So it
directly affects company in making a positive image in front of shareholder

(Sullivan and Ford, 2014).
Disadvantage of retained earnings:
Its cost is equal to cost of equity as these funds are created internally in the
business. It produces the high financial risk in the business.
Advantage of bank loan:
This is the most reliable resources to raise funds to cover the finance. Its
interest rate is lower than other option so it may reduce the operational
cost. It is cost effective and provided the tax benefit.
Disadvantage of bank loan:
It may have strict requirements to be fulfilled by the business to receive it. It
is not easy to fill the gap of finance by taking bank loan. Its interest rate
changes as per market conditions. So it become more costly to business.
Evaluate the best
source of finance to
meet the needs of this
business
{D1}
The best source of finance for TESCO is using retained earnings.This is
due to the fact that overall, the company will lose less money as it does not
need to pay back anymore money. Additionally, even if the company will
take longer to raise a lot of money as it takes a long time for retained
earnings to gather to a large sum, due to the large market share, TESCO
will be able to get more money in a shorter period of time. Therefore, the
needs of this business to grow and expand will be much more easily met
than in other sources of finance as the money do not need to be paid back,
making it easier for the business to continuously expand in the future and
compete with other businesses, allowing them to maintain their high market
share and increase the amount of money they are making.
LO4 – Be able to interpret financial statements
P5

You are the head of
finance for Pure Grain
Coffe Ltd. a coffee
company with 3 coffee
shops in London.
You have produced the
Profit and Loss Account
shown here on the right
and Balance Sheet below
The Managing Director is
too busy at the moment to
interpret the accounts
himself and he has asked
you produce a report
interpreting this
years(2016) profit and loss
account and compare it to
last years(2015) account
The MD also wants you to
interpret the Balance Sheet
for this year(2016) also
{P5}
PROFIT AND LOSS ACCOUNT REPORT
After analysis of profit and loss account, it is found
that in the year of 2016 of pure grain coffee Ltd.
Sales is 600000 £. It increased almost 10 % from
the previous year. But the gross profit did not
increase. GP has decreased as compared to last
year. It directly means the cost of the sales is
higher as compared to preceding year.
Furthermore, the operating expenses are also high
in the year of 2016 and operating profit has
decreased. So all-inclusive net profit that is shown
in the above table is reduced this year due to
increment in the direct and indirect cost of the
company. It is suggested to pure grain coffee Ltd
that management of the company should look into
the matter of cost accounting system of the
company. As company is losing profit due to
additional cost of material and processing cost.
They need to apply some costing techniques like
cost control to raise the profitability.

Interpret the contents of the Balance Sheet below
{P5}
BALANCE SHEET REPORT HERE:
After evaluation of the balance sheet of the company, it is observed that in the year of 2016 fixed assets is