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business management

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additional/detailed information on various topics in business

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June 20, 2023
Number of pages
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Written in
2022/2023
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Introduction

There are many factors that affect organizational performance and organizational success. The effectiven
Ocado is one of the main components that determine business success in finding a competitive edge ov
strategy and policy for HRM practices is an integral part of the strategic business plan. Investments in tra
work are increasing. Ocado is a business that values ​its people. The idea that people are different from fi
opportunity for a unique and long-term advantage for the organization. Aligning HRM practices with the
corporate culture. The optimum use of human potential is achieved through consistent and concerted ac
motivation, the unfolding of talent and the inspiration of employees. This strikes a balance between indiv

Analyse the importance of employee relations in respect to influencing HRM decision-making

Factors that affect HRM decision-making can be external and internal to the Ocado Company.

As external, we look at legislation, the demographic climate, the economic situation and competition, an
defines a mandatory framework for employment and organizational relationships to be followed and res
give a picture of the working population. The state of the economy - in growth, in stagnation or in declin
determine the strategy and plans for hiring. Technological advancement brings cost savings and improve
talent with qualifications, skills and experience.

Internal factors influencing HRM decision-making are budget, staff skills and experience, as well as overa
compensation and compliance.

Employee Relations

Employee relations programs are usually part of a human resources strategy designed to ensure the mo
organization's mission. The concept of employee relations refers to the company's efforts to manage th
2019). Employee relations include individual and collective relationships. Relationships with employees fo
as pay and benefits, maintaining work-life balance and safe working conditions. The positive climate of
results and contribute to employee well-being. (CIPD, 2019)

Key Elements of Employee Relations

Building a strong employer-employee relationship takes time. Understanding the key elements that go i
help to focus on building trust and respect with employees.
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