HRM 325 Strategic Management Human Resources

Strategic
Management
Human Resources

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Relationship among Business and HR Strategy..........................................................................3
Vertical & horizontal integration of Marks & Spencer...............................................................5
Theoretical basis and models of SHRM......................................................................................5
HR practices of Performance Management as well as Reward..................................................7
Design/re-design a performance management system................................................................9
Conclusion.................................................................................................................................10
TASK 2..........................................................................................................................................10
Different Perspectives of Employment relations......................................................................10
Roles of the actors in improving Employment Relationship....................................................11
Changing nature of employment relations................................................................................12
Mechanisms of employee voice & employee participation.....................................................12
Conclusion.................................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Strategic human resource management refers to a practice of attracting, rewarding,
developing as well as retaining staff members for the benefit of individual and organisation in an
effective manner. SHRM adopt all the talents & opportunities within the HR department so that
they will be able to develop other department stronger and capable. With the help of strategic
human resource management, it has been said that managers are responsible for developing the
workers competent so that they will be able to attain their goals and objectives in an effective
manner (Keupp, Palmié and Gassmann, 2012). In order to increase the better understanding on
the topic of strategic human resource management, Marks & Spencer is chosen as the base
organisation. It is a British multinational retailer deals in high quality home and food products
along with clothing products.
TASK 1
Business strategy define as the basis with the help of which their business activities and
functions of organisation will be fulfilled in an effective manner. There is an strong relationship
with Human Resource strategy due to which business strategy will not be implemented in an
effective manner.
Relationship among Business and HR Strategy
It is said that human resource managers plays very essential role in the overall growth of
the organisation. With the help of effective HR team within a workplace, effective decisions will
be taken by the managers so that goals as well as objectives of the company will be achieved.
Along with this, various strategies need to be developed by them so that behavioural
characteristics of the staff members will be improved in a positive manner. It is one of the most
important department within an organisation which have their command over the staff members
and conduct business functions for the overall development and welfare of the society and
employees both. In this context, chosen organisation is Marks & Spencer which is a well known
recognised organisation which have strong brand image and goodwill at the marketplace.
Furthermore, it is required by the management team to have strong HR management team who
can select, hire and recruit highly skilled and potential candidates (Kavanagh and Johnson,
2017).
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Strategic Human Resource Management define as an essential course of action with the
aim of improving the performance of employees by proving them training sessions, rewards,
recognitions, compensation & other lucrative advantages on a continuous basis. Therefore, it has
been said that it is one of the most essential as well as significant approach used by the
management team of the company in order to develop employees. This as a result, assist them in
order to enhance their performance as well as efficiency for doing the business activities in an
appropriate way (Hitt, Ireland and Hoskisson, 2012). Hence, SHRM is generally linked with
development of human resource as well as business strategy.
Business strategy refers to an action plan course which is conducted with the aim of
accomplishing pre defined goals and tasks in an effective manner. Furthermore, it is said that
large scale business organisation like Marks & Spencer perform their business functions at the
market place for longer duration, if they have highly skilled and capable workforce. This will
assist in devising different strategies which can help human resource to perform their task in an
effective manner. Along with this, with the assistance of effective HR strategy, employees will
be able to perform their task in an effective manner.
Therefore, it has been said that there is a great link between business strategy and HR as
both are advised by the management team of company for a common goals which is attainment
of organisational goals and objectives in an effective manner. There are some key factors which
made a discussion about relationship among both strategies:-
Implement effective policies: The higher authority of Marks & Spencer, develop
strategies which is them communicate to the HR department of the company. Reason behind this
is that it highly focuses on implementing effective strategies and policies which assist in
attaining goals and objectives in an effective manner (Goetsch and Davis, 2014). This as a result,
assist in earning more revenue at the marketplace and helps in setting a linkage between business
strategy and HR.
Management & control: With the help of implementing effective business strategy
within the workplace, Human Resource department positively control and manage the overall
process as well as activities of Marks & Spencer in an appropriate manner.
Human Resource strategy within Business strategy: It has been analysed that HR
strategy develops very crucial and essential part of a business strategy. Hence, in order to gain
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