Functions of hrm in retail organizations. Chapter 11: Retail organizations and human resource management Flashcards 2019-02-04

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Discuss the functions of hrm in retail organizations.

functions of hrm in retail organizations

This begins with recruitment — finding the candidates through advertising, internal promotion, agencies and networking. This standard must establish the minimum acceptable qualities necessary for the accomplishment of tasks by retail employees. The assessment is conducted to understand the relevant skills, knowledge, aptitude, qualifications, and educational or job-related experience of potential employees. The term selection can be applied to many aspects of the process, such as recruitment, hiring, and acculturation. A selection system should depend on job analysis. There are many challenges that it has to face to survive.


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Various aspects of the HR function in retail

functions of hrm in retail organizations

A lot of the tasks involved with operating a retail business will be the same regardless of a store's size, however, small or may combine many sectors together under one division, while larger stores create various divisions for each particular function along with many layers of management. Whenever we hear these terms, we conjure images of efficient managers busily going about their work in glitzy offices. As a consequence of these changes, technical personnel, skilled workers, computer operators and machine operators are increasingly required while the demand for other categories of employers has declined. Therefore, talent development is a trade-off by which human resources departments can effectively save money through avoiding the opportunity costs of new employees. It is prepared by the job analyst on the basis of information collected. Fresher training may also be provided by some companies for both new hires and existing employees. As N increases, the quality of hires is likely to also increase: if you have 500 applicants for 3 job openings, you will likely find people with higher-quality work among those 500 than if you had only 5 applicants for the same 3 job openings.

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Purpose of Human Resource Management

functions of hrm in retail organizations

Senior management invests in employees in a top-down manner, hoping to develop talent internally to reduce turnover, increase efficiency, and acquire human resource value. The underlying goal of incorporating these varying onboarding tactics is to provide the employee enough information to adjust, ultimately resulting in satisfaction and effectiveness as a new employee or an existing employee in a new role. Customers revolt against employees, if the services rendered are less qualitative. Compensation is not only the concern of the organization but is equally important for the workers and employees to maintain their social image. Although large chains standardize most items their outlets carry, store managers often fine-tune the rest of the strategy mix for local market which empowers the store manager a multi-line firm operating under central ownership like other chains a diversified retailer operates multiple stores; unlike typical chains, a diversified firm is involved with different types of retail operations example: Kroger operates supermarkets, warehouse stores, super centers, convenience stores, and jewelry stores it also has a manufacturing group.

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Various aspects of the HR function in retail

functions of hrm in retail organizations

In actual, the whole task of job analysis depends upon these forms, which are regularly consulted as reference guide for the future planning tasks. Part of defining job roles and responsibilities on your organizational chart includes appropriate compensation. Human relations is an rear of management in integrating people into work situations in a away that motivates them to work together productively co-operatively and with economic, psychological and social satisfaction. Compensation: It is a process of providing adequate, equitable and fair remuneration to the employees. It is a function of the company or organization which deals with concerns that are related to the staff of the company in terms of hiring, compensation, performance, safety, wellness, benefits, motivation and training. All types of jobs require some type of training for their efficient performance and therefore, all employees, new or old should be trained or re-trained from time to time. Personnel-selection systems employ evidence-based practices to determine the most qualified candidates, which can include both new candidates and individuals within the organization.

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Hrm in retail

functions of hrm in retail organizations

India, being the country with the second most-population, has immense scope for retail expansion as along with time, urbanization and consumerism has also been increasing. About the Author Francine Richards is a licensed multi-state insurance agent with years of human resources and insurance industry experience. As recruitment is a complex and data-heavy process, particularly considering the global economy and Internet job boards, the supply of applications and interest can be quite overwhelming. Thus, people who work at the store level are important. The compensation is defined as all the rewards that are obtained by the employee as a result of his employment. In case of most of the organizations, the candidates who are short listed on the basis of the bio data or application blank are called for a personal interview. As employers take less responsibility, employees need to take control of their own development to maintain and enhance their employability.

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Discuss the functions of Human Resource Management in an organization. Enumerate the challenges of HRM in the present organizational context.

functions of hrm in retail organizations

Development Stakeholders An astronaut in training. When new persons join any organization, an induction program is conducted. Labor Relations: In modern days, retailing is carried on a large scale where hundreds of employees work together. Therefore, an astute retailer will infuse passion for success in its employees. Personal Objectives : When an employee joins an organization, he does not come alone. It covers functions such as job analysis, human resource planning, recruitment, selection, placement, induction and internal mobility.

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Discuss the functions of hrm in retail organizations.

functions of hrm in retail organizations

Human resource planning serves as a link between human resource management and the overall strategic plan of an organization. If the employees of the organization wants to join the union, then the organization do not put pressure on them for prevention. And if the delivery went poorly and that's all the customer remembers, there's a very low likelihood you will ever see them again. Recruiting the Right People for the Right Job The success of recruiters and employment specialists generally is measured by the number of positions they fill and the time it takes to fill those positions. The Department of Labor predicts strong job prospects for human resource managers as new companies form and organizations expand their operations.

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Discuss the functions of Human Resource Management in an organization. Enumerate the challenges of HRM in the present organizational context.

functions of hrm in retail organizations

As per the nature and format of the retail organization, separate forms may be used for various activities in the job and may be compiled later on. This should focus primarily on knowledge of the company culture and co-workers, along with increased clarity as to how they fit within the organizational framework i. Tapping the maximum potentialities of the people is possible through motivation and command. Recruitment and selection of retail employees: The success of a retail organization largely depends upon the team of efficient store employees who are chosen out of a number of applicants for the job. When the candidate passes the interviews stage, reference checks may be done and the final decision is taken. The organization undertakes to sponsor their employees for various seminars, trade shows, and corporal responsibilities. The Human Resources function in retail involves: 1.

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Discuss the functions of Human Resource Management in an organization. Enumerate the challenges of HRM in the present organizational context.

functions of hrm in retail organizations

For this purpose, certain activities including performance appraisals are performed that identifies the needs for of the specified employees. Job description basically refers to a statement of minimum acceptable qualities of a candidate whose selection should be made. Planning pertains to formulating strategies of personnel programmes and changes in advance that will contribute to the organizational goals. It is the department that co-ordinates the activities of rest of the organization to achieve organizational mission. They maintain a pool of potential employees and place them based on the requirements of the employer.

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Hrm in retail

functions of hrm in retail organizations

Employee orientation, also commonly referred to as onboarding or organizational socialization, is the process by which an employee acquires the necessary skills, knowledge, behaviors, and contacts to effectively transition into a new organization or role within the organization. Compensation includes wages and salary, incentive programs, bonuses and stock options paid to employees. For instance, selection procedure for store accountants, store supervisors, store managers will be long drawn and rigorous as compared to those applicants who apply for floor staff position. Change in the Structure of Employment: The structure of employment in an organization changes with the entrance of workforce with different backgrounds Social economic, region, community, sex, religion, traditions culture etc. Sourcing can be done by internal or external advertisement. Approaches, in this context, refers to strategies or methods of executing the recruitment process.

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