The essay gives detailed information about the human resource management principles. It is mentioned here that organizations are increasingly looking into new and innovative means of organization management as a key competitive advantage.
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Founded in 1924, Tesco is the largest retailer in the UK market as well as the largest UK-based international supermarket chain with 1,780 stores in the UK and 586 outlets internationally. The company which originally focused on food retailing has now expanded into retailing of clothing, household electronics, financial services, the Internet, and telecommunications. With over 1780 stores spread across the UK and a strong presence in Ireland and a host of other countries, with its 586 international outlets, Tesco employes 367,000 employees in its global operations with 250,000 of them based in the UK. With annual sales revenue of more than £37bn and a pre-tax profit report of £2bn, the Tesco is the market leader accounting for 30% of the total UK retail market (Paton 2005).
Gap Analysis of Human Resource Practices at Tesco Plc
In a massive scale business operation as Tesco, the management of human resource becomes a very challenging task. Key functions of HRM which includes the HR Forecasting, Job Analysis and Specifications, Recruitment and Selection, Training and Development, Performance Appraisal, Reward systems, Termination procedures and management of Employee Relations need to be updated and modified to suit the changing business environmental conditions (Bratten & Gold 1999). Organizations, which adopt a dynamic approach to its managerial process, will realize the need for assessing existing practices and identifying the gap areas, which needs to be addressed through implementation of effective HRM principles.
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Human resource strategies aim to establish corporate values, shape corporate culture and provide frameworks to promote consistent and equitable decisions on the management of employees. One of the important goals of human resource management in an organization is to promote employees’ motivation towards achieving increasing productivity, resulting in the company gaining a competitive advantage over its counterparts.
It aims at ensuring that the organization gets the appropriate people to do the exact task. Human resource planning involves matching the supply of workers working internally and the external supply of job seekers with the opening the organization expects to have over a given time frame. Every organization is affected by internal and external elements that affect how the organization functions.
However, diversity has become vital in the recent past especially with the rising globalization and competition. Diversity in the recruitment and selection process refers to employment of different individuals with different qualities than those of the majority of the workers in an organization.
When the human resource in an organization is motivated, the achievement of the goals becomes easy, but on the other hand, when the people in the organization are not motivated, then they are not assets but liabilities. There are various theories which explain the factors that influence the motivation level of employees.
al with this problem, the HR department will have to make required changes in its policy, management style and strategy so that the employees are motivated to perform well and remain loyal to the company for a long period. Two theories that can be applied to an organization
The business market place is becoming highly competitive; businesses are now avoiding any extra responsibilities that do not help them succeed. As businesses expand globally, the need for having diversity in the workforce becomes
2 Pages(500 words)Essay
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