Human Resource Management Essay Example | Topics and Well Written Essays - 2000 words - 27

Human mental imagery Management - Essay ExampleIt provides 8, 000 core products and its own-label sales account for half of total UK sales. In the pecuniary year 2014, it boasted of 43.6 billion revenue and 2191m trading profit (Tesco PLC Annual Report 2014, 8). Its main purpose is to be what matters better, together (Tescoplc.com, 2015). This is achieved through commitment to its three main values no one tries harder for customers, treat citizenry the way they want to be treated and use our scale for good. It is headquartered in Hertfordshire, England under the slogan either little helps and aims at providing cheaper prices, improved quality, tenderer ranges and better services. However, it operates under harsh economic conditions especially as a result of the 2007 economic crisis and also a highly fragmented and competitive environment with its main competitors universe Asda, Sainsbury, and Morrisons although small retailers like Aldi, Lidl and Waitrose are giving them tight competition in recent years (Anderson, 2015).Tesco has been undergoing a difficult time with stagnant sales, declining profits and in addition, a 250m hole in profits lead-in to decline in its share prices. In the FY 2014, it experienced a revenue produce of 0.0% and sales growth of 0.5%. Its trading in UK declined by 3.6% whilst its employee retention rates dropped by 1% although they are still strong at 90% (Tesco Annual Report, 2014, 16). In light of this, it needs improvements on its training and development, reward system and employee relations.Training, learning and development are essential in any organisation wishing to have sustainable competitive advantage. Training provides and /or improves skills necessary for performance of job tasks whereas development is to enhance abilities of employee for greater long good of organisation. The purpose of training and development is to promote organisational performance (Uma, 2013, 137). Organisation learning is