Task3: Rewarding employees in order to motivate and retain them: 3.1. Assess the link between motivational theory and reward- provide example from Tesco Motivational theory and reward are linked highly with each other and the failure of one of these effects on the other .Therefore, human resource management at Tesco understand very much and aware about this. Motivation is what drives people or business to succeed in and reach desired points; business without motivated people is liable to fail and
Maslow’s Hierarchy of needs Maslow wanted to understand what motivates people. He believed that individuals possess a set of motivation systems unrelated to rewards or unconscious desires. Maslow stated that people are motivated to achieve certain needs. When one need is fulfilled a person seeks to fulfil the next one, and so on. The original hierarchy of needs five-stage model includes: 1. Biological and Physiological needs - air, food, drink, shelter, warmth, sex, sleep. 2. Safety needs -
2.1. Analyses the reasons for human resource planning in Tesco: There are several important reasons of human resource planning that business organisation carry out regardless their size and it is important for the continuity of any business organisation to plan. However, in many business owners may not include human resource planning at the beginning of their business but later realise the importance of human capital and no business can survive without having competitive human capital. Reasons
Tesco and Resources Tesco use both physical and technological resources. Physical resources are resources that are available to business organisations in the form of buildings and other machineries needed for the day to day running of the organisation. A few examples would be: Buildings and Facilities: All businesses need buildings which they control from, this can range from someone’s front room, or tower blocks all over the world, buildings play an important role in the image of a business and
saving. As business world is quite unpredictable and challenging so Tesco has routinely carried out these analyses to make sure there will be no shortage of staff, which affects the overall performance of the
Task2: Recruiting employees 2.1. Analyses the reasons for human resource planning in Tesco: There are several important reasons of human resource planning that business organisation carry out regardless their size and it is important for the continuity of any business organisation to plan. However, in many business owners may not include human resource planning at the beginning of their business but later realise the importance of human capital and no business can survive without having competitive
· Identify training and development needs of the employees Task P1 Employees in Tesco can then be improved by meeting training and development needs. An appraisal system involves setting clear objectives for individual employees and monitoring their performance against these objectives. Employee objective should be clearly linked to the strategic objectives of the business
of 5 and maximum of 7 are allowed to form groups. Each group should identify a group leader that will coordinate the progress of groups. Group leaders are encouraged to report students that are not contributing to assignment beforehand to the lecturer. Thus groups should subdivide work and assign a task to each student. Please lets uphold the principle of ethics as prospective business people. CURRICULUM TOPICS * Workforce
For the purpose of this paper, Tesco is selected for the analysis of strategic management using some of the models or frameworks (Ndungu, 2014). The paper is providing a detailed insight into the selected supermarket emphasising on the external environment analysis along with the analysis of the organisation’s resources and competence. The future strategic options are also suggested for the Tesco regarding its resource based strategies. Overview of Organisation Tesco is renowned as the leading food
quality of the service experience will likely be enhanced for the customer and the organization. Meanwhile, performance appraisal serves as an important practice and approach among business organizations in order to facilitate control on the development of the company as well as to monitor the activities, plans and strategies from which the company will benefit. Performance appraisal is a process of assessing whether organizational objectives are met. It would evaluate how the employee’s performance