Lecture notes
Lecture notes Introduction to Business
- Module
- Introduction to Business
- Institution
- Abacus College, Oxford
Human Resource Management
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, Introduction
The contemporary business organizations face numerous challenges related to human resource
management in the highly dynamic business scenario that is mainly driven by globalization and
change. The human resource departments have been undergoing gradual transformation as
technology evolved over the years. It becomes obligatory for an organization to enhance their
workforce by careful alignment between the HR strategies and the latest HR trends. Tesco PLC
was founded in 1919 and is a multinational retail organization of general merchandise in UK,
selling a variety of consumer products, home appliances, and electronics etc. With its
headquarter in Welwyn Garden City, Herfordshire, UK, the company is the third-largest retailer
around the globe. The global pandemic of COVID-19 has changed the way we work. Due to the
evolving business practices, the method of appraisal has to be changed and is a key human
resource challenge. The report identifies the changing trends and identify how and what the
management needs to do to resolve the underlying challenges.
Current trends /Challenges in HRM
The pandemic has changed the business world in the most unexpected manner; it brought the
world to a sudden halt, and changed the way employers engage with their workforce. The
emergence of social distancing to ensure that the virus is stopped from spreading, HR
management is being driven by diversity and technology in particular. In the globalized era, the
pandemic has disrupted the business practices in UK with technology becoming a crucial
element to keep the operations moving. The HR departments are playing a more prominent role
in devising the business strategies by dealing with more data-driven topics, while making efforts
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