Assignment Sample on HR7003 Managing Human and Financial Resources
1. Introduction
In the sector of Fast Moving Consumer Goods (FMCG), Weber food is considered to be one of the leading global organisations. The mission of the company is to provide healthy and nutritious food to consumers at a very reasonable price. The company consists of almost 9000 employees and their primary products are dairy products, confectionery, soft drinks, processed food products and soft drinks. The value of this food company is mainly based on fresh and real food and it is quality accessible. The company focuses on sustainability for a better environment and less effect on it. The aim of the study is to manage the issues of finance and HR in Weber foods. Proposals are also provided in the study to develop the process of delivery of HR at weber. Costing and responsibilities and implementation plan of the company are analysed and risk registers are also evaluated.
2. Primary HRM issues in Weber foods
Health and safety issues: Issues concerned with the logistic process have a severe impact on the quality of food products. Large amounts of products can be destroyed if the problems of logistics are not solved. The line manager has contacted the regional HR manager of the company to look out for the matter of internal conflict that is threatening the relationship with the supplier. The issue that emerged is concerned with the safety and health issue that has to be managed with proper leadership theory (AlZgool et al. 2021). Team leader named Pat raised an acquittal on the health and safety executive named Mick for quitting her team and left in a most treacherous condition. This is an urgent issue that needs to be resolved by the HR team for the benefit of the company.
Pat is extremely concerned with the health and safety of the employees as she sees that the members of the team are getting injured by a problematic electric cable. She started to blame Mick for all the things that emerged with this issue without having any real thought. Bonding between Mick and Pat is extremely poor which is creating a serious issue in the company. HR of the company is summoned for the demonstration when safety and health issues arise. Business is at risk of lawful fines and complications when the proof of the arising of this issue is not shown (Hauff et al. 2021). This is one of the primary issues with the HRM process of the global food company.
Warehousing issue: Food companies have discovered that the production cost of the food is severely higher than instantaneous competitors. Prices on the shelves are extremely high for its top-rated products like a breakfast cereal bar and a breakfast cereal due to higher production costs. Issues in the warehouse emerged due to higher costs in the production than its instantaneous competitors. Another problem arises regarding the change in working practice and contracts. As opined by Girisha and Nagendrababu (2020), managers of the company are concerned with this because their employees may get impacted highly as per various elements. Different elements in the lives of employees include people with caring duties or the person with disabilities can be severely impacted.
This problem can also influence engagement across the complete organisation because it is not relevant to the values that are stated. Though it is not relevant to the stated values but is essential for competitiveness and finance. Warehousing issue has become an integral issue for the HRM as several regional centres of the company are facing low engagement of employees (Sharma and Gursoy, 2018). It is considered that regional centres like Tokyo, Chicago, Medellin and Frankfurt can be severely impacted further which the HR must look for. HR faced serious issues with the engagement of employees and warehousing problems which are to be sorted with proper comprehension.
3. Proposal to improve the delivery process of HR
Several issues that the HR team faced such as health and safety issues, warehousing issues must be developed in their process of delivery.
Development of safety issues of employees: HR of the company must meet the conflicts of the logistics and maintain the relationship with the supplier. Relationship theory of leadership can help HR to resolve the problems of health and safety of the employees. Transformational or relationship theory of leadership mainly focuses on the relationship that is formed between the leaders and followers (Fast and Rankin, 2018). Management of health and safety can be easier if the bond between leaders and followers are developed where the leader motivates and inspires the employees and sees their importance in the company.
HR must impose the relationship theory in the company to form a better connection to resolve this issue. As opined by Uslu (2019), HR must record the details of safety and health information for some legal cause which is similar to maintaining data about the qualification of professionals and membership of trade bodies. Maintaining records on health and safety helps the employees to keep safe at work and makes sure that the company helps to meet its lawful obligations towards the public and employees. The Department of HR is the best equipment for recording the information of employees.
Development of employee management and warehousing issue: For reducing the cost of production, an effective approach based on the method of lean production should be implemented by the HR team. The lean production method works on the five principles which include value, stream, perfection, pull and flow. The approach of lean production mainly focuses on eliminating waste by ensuring quality products at an extremely low price (Tefera et al. 2020). Zero hour contracts must be imposed by HR to reduce costs and make warehousing employees work more flexibly. Zero hour contracts offer ideally greater flexibility and work balance in life. One of the greatest advantages of Zero hour contracts is effectiveness and flexibility. Through the approaches implemented by HR, the management of employees and issues of the warehouse can be resolved.
Human relationship theory and system management theory must be imposed by the HR of Weber foods for the development of warehousing issues and employee management. As opined by Suprapti et al. (2020), working conditions in the warehouse can be improved with the implementation of this theory and attentions provided to the employees and make them feel valued. Experiments give rise to the theory of human relations so that the employees are encouraged and motivated by personal attention. System management theory helps for the success of an organisation that relies on interdependence and interrelation between subsystems and synergy. As per the theory of system management, employees are a critical factor for the success of the business (Mohamed Elias et al. 2017). HR and managers of the company must work in collaboration on several programs and work to make sure it is successful.
4. Implementation plan including costing and responsibilities
| Particulars | Cost (£) | Responsible person |
| IT and Digital platform | £30,000 | Rick Fargo (CEO) |
| New Employee recruitment | £15,000 | HR team |
| Implementation of Right control software | £25,000 | Jarka Cuperova (CPO) |
| Implementation of AI for food development | £25,000 | Rick Fargo (CEO) |
| Total | £95,000 |
Table 1: Implementation Plan
(Source: Created by Researcher)
According to the above table, implementation plans are provided which includes costing and responsibilities. Particular areas which are focused such as IT and digital platform, AI for development of food, Right control software for inventory management is provided in the study. A cost that is required is £90000 for the implementation of a plan for the betterment of the company. Persons who are responsible to implement the plan of the particular areas are given for the development of every department of the company. CEOs of the company are responsible to look out the technological facts of the company and CPO to look out that software is properly implemented for inventory management. HR of the company is responsible for staffing new employees to increase efficiency in the workflow.
5. Risk register
| Risks | Severity | Frequency | Impact | Mitigation Strategy |
| Technological risk | Likely to happen
|
Unlikely to happen | Less likely to happen
|
Continuous monitoring of the IT software and evaluation of the digital platform |
| Employee management risk | Less likely to happen | Likely to happen | Unlikely to happen | Providing better facility and flexibility for the employees to work upon and maintaining the working atmosphere. |
| Financial risk | Likely to happen | Less likely to happen | Less likely to happen | Analysis of finance required for the development of food and other aspects of food companies should be evaluated before to avoid the risk in future. |
| Lack of resources | Unlikely to happen | Likely to happen | Unlikely to happen | An abundance of resources for the food industry are available in the market. |
Table 2: Risk register
(Source: Walker et al. 2020)
6. Conclusion
Based on the above study, it can be concluded that Weber food is the top-rated global organisation in the sector of FMCG. The mission and value of the company are linked with the better health of humans and the environment. Strategic change of the company comprises value chain relocating to the countries of low cost. In the study, primary issues of HRM in the company are critically discussed. Logistics issues and warehouses are considered to be the main issues that are faced by HR in their delivery process.
HR of the company should implement zero-hour contracts and lean production methods for the development of warehouse issues and employee management which are proposed in the study. In the study, proposals of theories and models are provided such as System management theory, Human relation theory should be implemented by HR. Theories help to maintain the supply chain network and resolve conflicts in the workplace. The implementation plan and risk register are provided as a table for better comprehension.
References
AlZgool, M., Ahmed, U., Shah, S., Alkadash, T. and AlMaamary, Q., 2021. Going green during COVID-19: Examining the links between green HRM, green supply chain and firm performance in food Industry of Bahrain: The moderating role of lockdown due to COVID-19. Uncertain Supply Chain Management, 9(1), pp.79-88. http://growingscience.com/beta/uscm/4509-going-green-during-covid-19-examining-the-links-between-green-hrm-green-supply-chain-and-firm-performance-in-food-industry-of-bahrain-the-moderating-role-of-lockdown-due-to-covid-19.html
Fast, O. and Rankin, J., 2018. Rationing nurses: Realities, practicalities, and nursing leadership theories. Nursing inquiry, 25(2), p.e122 https://onlinelibrary.wiley.com/doi/abs/10.1111/nin.12227
Girisha, M.C. and Nagendrababu, K., 2020. Challenges and Issues of E-HRM Practices in India. Our Heritage, 68(30), pp.5123-5132. https://www.researchgate.net/profile/Girisha-M-C/publication/339363502_Challenges_and_Issues_of_E-HRM_Practices_in_India/links/5e4d5c0d299bf1cdb935cd76/Challenges-and-Issues-of-E-HRM-Practices-in-India.pdf
Hauff, S., Guerci, M., Dul, J. and van Rhee, H., 2021. Exploring necessary conditions in HRM research: Fundamental issues and methodological implications. Human Resource Management Journal, 31(1), pp.18-36. https://onlinelibrary.wiley.com/doi/abs/10.1111/1748-8583.12231
Mohamed Elias, E., Othman, S.N. and Yaacob, N.A., 2017. Relationship of spirituality leadership style and SMEs performance in halal supply chain. International Journal of Supply Chain Management (IJSCM), 6(2), pp.166-176. http://repo.uum.edu.my/22637
Sharma, B. and Gursoy, D., 2018, June. HRM practices in hospitality and tourism industry: a review of the literature. In 8th Advances in Hospitality and Tourism Marketing and Management (AHTMM) Conference (p. 28). https://www.researchgate.net/profile/Hamed_Rezapouraghdam/publication/329844965_Complementing_Sustainability_through_Green_Marketing_From_Tourism_Operator’s_Perspective/links/5c1d5e4992851c22a33d349f/Complementing-Sustainability-through-Green-Marketing-From-Tourism-Operators-Perspective.pdf#page=33
Suprapti, S., Asbari, M., Cahyono, Y. and Mufid, A., 2020. Leadership Style, Organizational Culture and Innovative Behavior on Public Health Center Performance during Pandemic Covid-19. Journal of Industrial Engineering & Management Research, 1(2), pp.76-88. https://jiemar.org/index.php/jiemar/article/view/42
Tefera, M.A., Yuanqiong, H. and Luming, L., 2020. A link between top managers’ perception and corporate social responsibility: Transformational leadership as a moderator. International Journal of Research in Business and Social Science, 9(1), pp.1-14. https://search.proquest.com/openview/720182d09598f657593d2bfd2f72d555/1?pq-origsite=gscholar&cbl=51922&diss=y
Uslu, O., 2019. A general overview to leadership theories from a critical perspective. Маркетинг і менеджмент інновацій, (1), pp.161-172. http://www.irbis-nbuv.gov.ua/cgi-bin/irbis_nbuv/cgiirbis_64.exe?C21COM=2&I21DBN=UJRN&P21DBN=UJRN&IMAGE_FILE_DOWNLOAD=1&Image_file_name=PDF/Mimi_2019_1_15.pdf
Walker, D.O., Reichard, R.J., Riggio, R.E. and Keller Hansbrough, T., 2020. Who might support a tyrant? An exploration of links between adolescent family conflict and endorsement of tyrannical implicit leadership theories. Journal of Leadership & Organizational Studies, 27(4), pp.340-356. https://journals.sagepub.com/doi/abs/10.1177/1548051820931243
Weber.co.uk, 2021, about us, Available from: https://www.weber.co.uk/ [Accessed on: 1st July, 2021]
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