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TESCO: Human Resource Management - Article Example

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Based on revenues, Tesco ranks third after Wal-Mart and Carrefour worldwide as a general merchandise and grocery retailer. The company was founded in 1919 with numerous market stalls before its expansion and success, which saw the establishment of over 100 stores. …
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TESCO: Human Resource Management
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TESCO: Human Resource Management

Download file to see previous pages... In addition, Tesco has thrived internationally with establishments in various countries across Asia, Europe, and North America, which serves as a source of employment for the host countries. In 2012, the retailer posted revenues of over £60 billion, which supports its ranking as the second largest after Wal-Mart in terms of profit margins, Similarly, Tesco has over 500,000 employees as of the year 2012, who have dedicated their efforts towards the success of the company indicating effective management of human resources. This has seen it become among the top ten grocery retailer in the UK that prides itself on providing quality, value and customer service. The success of any profitable organisation is attributed to the equitable and rationalised management of available resources in accordance with the existing goals and objectives. Proper management of human resource inputs is critical in the case of the British retailer company, Tesco. In light of this, this paper seeks to explore the aspects of human resource management at Tesco with regard to current and future prospects in its scope. Human resource management illustrates the strategic approach to administration of an organisation’s labour force with the aim of deriving the best from the employees. Such administration entails hiring qualified personnel and ensuring to them that their efforts are appreciated as a means of motivating them to achieve more. The strategic approach in human resource management is characterised by fundamental principles that guide the efficacy and harmonious coexistence within the organisation. These principles focus on the employees who are credited as the most critical assets of the organisation owing to their role in dispensing company mandate. Presently, Tesco has been acknowledged as the largest employer within the UK's private sector having recruited about 300,000 employees across its establishments. As such, Tesco acknowledges the important role played by its labour force in providing customer satisfaction. The recruitment of such an enormous number of employees demands a lot in terms of time, funds, and commitment to ensure that the team is qualified. In addition, another aspect entails personnel policies, and procedures should serve to create a conducive working environment for all in accordance with company’s goals. Such policies seek to promote integration in the organisation where employees based in various departments of the company attain the sense of a common purpose. Tesco’s HR department is known for its good relations with the Union of Shop, Distributive, and Allied Workers (Usdaw), whose partnership is the largest in the United Kingdom within the private sector. As a result, the employees’ needs are catered for in avtransparent process that ensures good employment practices in Tesco’s human resources department. Departmental policies encourage employee participation in the decision-making process, which goes a long way in creating an effective environment. Furthermore, by facilitating employee participation, new ideas have been generated to enhance efficiency while creating job satisfaction among the participants. It is also the role of the human resource department to establish corporate values and cultures to ...Download file to see next pagesRead More
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