Human Resource Policy and Actions Essay Example | Topics and Well Written Essays - 2500 words

Human Resource Policy and Actions - Essay Example 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.

Human Resource Management - Yahoo Coursework Example | Topics and Well Written Essays - 500 words

Human Resource Management - Yahoo - Coursework Example ent high numbers of employees who are highly paid do not create the required difference in order to improve the competitiveness of the company in the market. The demand for labor in Yahoo is based on pressure put by competitors. With only few qualified personnel in the market, the company is under pressure to hire new employees in order to prevent them from joining the rival firms. However, instead of the company hiring out of pressure, it should first maximize the returns by the existing subordinates. This is through providing them with a serene working environment where they can be able to maximize their potential through innovation. This would play a significant role in improving the competitive advantage of the company in the market. The first action that will strengthen the internal recruitment process is training of the panel that will be recruiting new employees. New recruits need to fit in the organizational structure. Therefore, the panel needs to ensure that they recruit an employee who would auger well with the current organizational goals and objectives. Therefore, through training, the panel will be able to select the best employees who will be able to integrate with the organizational culture. The internal recruitment process would be strengthened through drafting an effective performance appraisal. The drafting process should involve all the employees. This is through collecting their views on what they would like the performance appraisal to look like. This would make them feel appreciated and work hard because they are sure that the appraisal would be able to recognize their effort. The use of the performance appraisal would make the recruitment to be more transparent, an aspect that would motivate the employees to put more effort in order to be promoted. The Yahoo corporate strategy is to grow and become more competitive (Hill and Gareth 233). The employees understand the challenges that the company is going through. Therefore, this strategy