A company’s performance is determined by the way in which the workforce is treated. However, these employees have varied needs. This means that they the human resource needs to have varied ways of enhancing staff…
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A motivated workforce results in increased performance, thus an improvement of the firm’s profitability. Therefore, Tesco may motivate its staff by way of providing monetary rewards, non-financial rewards, training, and development. Training is of increasing significance of firms seeking to gain competitive advantage amongst the competitors. Various schools of thought have come to a conclusion that training and development is a human resource practice that may considerably influence the success of a company. Tesco’s growth could be improved by use of on the job-training, mentorship programs, coaching programs, use online marketing tools, and evaluating the effectiveness of the training and development programs. The other element that can affect the performance of a firm is reward. The provision of financial and non-financial rewards impact positively on the firm’s performance, financial gain, and employee motivation, and job satisfaction. Both the monetary incentives and non-monetary benefits, such as work-life balance, flexible working hours, rewards and recognition, leave, and vacation time not only motivate employees, but also staff turnover. As a result, there is proportionate correlation between rewards, training, learning, and development, with firm performance and growth.
The universal competition and rapid changes put emphasis on the significance of human capital within a firm. An organisation’s success depends on the performance of the employees. Employees are considered as essential resources in the growth and development of the firm. In this regard, the success and growth of an organisation in any industry is reliant on its human resources. Even though there are numerous factors that play a major role, a firm needs to have effective employees in order to stay competitive and financially solvent. Motivation and satisfaction are viewed as the core element in the development of human capital in any
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“Based on Tesco Assignment Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/human-resources/1684602-based-on-tesco.
Tesco’s headquarter is located in UK, at Hertfordshire city. The number of Tesco stores operating within UK alone is one thousands eight hundred and seventy eight (1,878) while; the rest of the stores locations include Europe and Asia. Tesco.com operates wholly as a subsidiary company with an exclusive online service like the tescidirect.com, and in tesco.net.
Keeping them motivated is also very important and not everyone succeeds in doing so. This paper will shed light upon how Tesco is managed, global challenges and a PESTLE analysis of Tesco will also be conducted in this paper. Tesco is based out of the UK, dealing mainly with grocery items and general merchandising retail chain.
Tesco has grown to be the UK's most popular supermarket and one of British business' great success stories by fulfilling people's expectations to have safe, nutritious, quality food at affordable price (Talking Tesco).
This study will focus on the stakeholder issues of Tesco, and will attempt to answer on how to respond to these issues.
It was in year 1929 that Jack Cohen opens his first Tesco store in Burnt Oak, Edgware, North London. And there's no looking back since then.
The Glorious past: It is said that journey of 100 miles begins with one single step. That was exactly the case with Tesco having over 250,000 employees and over 1,800 stores today.
Furthermore, a critical analysis on the overall market situation that is affected by the growth of the company under debate is presented to the readers. This section presents the analysis on the policies of fair trade, market dominance, monopoly issues and competition law of the European Union.
The author states that highly effective selection and recruitment process are used by both the companies, i.e., M&S and Tesco. Career planning and motivation, hiring according to the required skill set maintained by the companies, are some of the main aspects that reflect upon the effectiveness of recruitment process of both the companies.
Through such insights into the business, the report suggests future strategies, measures and techniques of implementation of such strategies. The report tries to address its major current problem of declining sales and revenues.
In the literature review, the paper establishes the existing implementations of database systems by focusing on some of the companies that have recorded impressive results consequent of using databases in their operations. In
Hence organizations try to predict, in future, the changing environment in which they are working and in result they make strategies to combat such changing environment. Successful organizations tend to such things and hence positive results follow. The organization that I have chosen is TESCO, which is a well diversified company working in many different ventures and has created a great deal of value in the eyes of their customer.
7 Pages(1750 words)Assignment
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