Human Resource Management

Running head: HUMAN RESOURCE MANAGEMENT
Human Resource Management

HUMAN RESOURCE MANAGEMENT 2
Table of Contents
Introduction.................................................................................................................................................3
Task 1..........................................................................................................................................................3
Task 2..........................................................................................................................................................6
Task 3..........................................................................................................................................................8
Task 4........................................................................................................................................................10
Conclusion and recommendations.............................................................................................................12
References.................................................................................................................................................15

HUMAN RESOURCE MANAGEMENT 3
Introduction
This report presents the ways of implementing the HR strategies and aligned with the new
mission statement of Greenwich Pharmaceuticals. It also discusses HRM strategies of Greenwich
Pharmaceuticals that can apply to achieve its mission statement. This report defines the human
resources planning and ensures human resource planning can ‘best fit’ within the workforce
while avoiding manpower shortages or surpluses. It also addresses the employee performance
and wellbeing issues as well as illustrates Greenwich Pharmaceuticals can implement viable HR
practices to align employee performance and motivation to achieve its mission statement. It
demonstrates the different employment legislation in relation to Greenwich Pharmaceuticals and
explains these legislations affect the employer and employee in the given organizational context.
Task 1
Ways of implementing the HR strategies and aligned with the new mission statement of
Greenwich Pharmaceuticals
The new mission statement of Greenwich Pharmaceuticals is “to drive the attention of
prospective people and supply them efficient product and services. The company also strive to
achieve well-being in the internal as well as the external environment”. Following are different
ways that could be practiced by Greenwich Pharmaceuticals for implementing the HR strategies:
Linking the business with HR requirement
The first step is to link the goal of business with HR requirement. For this, Greenwich
Pharmaceuticals can identify its internal capability for attaining the business goal. The key
function of HR is to understand the business, goals and strategy, business model and ways for
delivering the services to its customers. HR, who is already aware of the business demand, can

HUMAN RESOURCE MANAGEMENT 4
meet organizational goal due to having an understanding of core competencies and weakness of
business (Noe, et. al., 2017).
Compensation and benefits
Compensation and benefits are the next steps of implementing the HR strategy in Greenwich
Pharmaceuticals. The purpose of using this strategy is to align the organizational performance
with the reward of employees, offering the required incentives as well as motivation essential for
the company to deliver its goals (Malik, 2016).
Production of the HR strategy
The final step of implementing this HR strategy into Greenwich Pharmaceuticals is to develop a
generic model of HR. This could be beneficial for attaining the organization (de Roo, 2017).
HRM strategies Greenwich Pharmaceuticals can apply to achieve the mission statement of
the organization
Following are different HRM strategies of Greenwich Pharmaceuticals that can be applied for
attaining the mission statement of the company:
Human Resources Planning
Human resource planning is a significant strategy that helps the business to develop the plan for
the future. For instance, by conducting a regular survey of workforces to assess employee
satisfaction, HRM department can develop the insight to the business leader on what requirement
should be considered in future in order to make the happier working place (Malik, 2018).
Business Management and Strategy
Business management and strategy should be considered for effective HRM. Greenwich
Pharmaceuticals can consider the understanding the information from insider organization, and