An Examination of the HRM-Market Performance Nexus in Bangladeshi Context
Added on 2019-12-17
15 Pages3708 Words161 Views
|
|
|
HUMAN RESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................11.1 Definition of strategic human resource management............................................................11.2 Importance of human resource management in organisations..............................................21.3 Analysis of the framework of strategic human resource management.................................32.1 Analysing the strategic human resource process..................................................................52.2 Assessment of the roles in strategic human resource management......................................62.3 Analysis of the development and implementation of human resource strategies.................7ACTIVITY 2....................................................................................................................................8ACTIVITY 3....................................................................................................................................83.1 Identification of range of HR strategies for Cambridge Satchel...........................................83.2 Assessment of HR strategies and their application in an organisation.................................9CONCLUSION .............................................................................................................................10REFERENCES..............................................................................................................................11
Illustration IndexIllustration 1: Harvard Model of SHRM..........................................................................................3Illustration 2: Strategic HRM process .............................................................................................5
INTRODUCTIONHuman resource management is the process of planning, assessing and managingfunctions related to employees working in the business. Human resources have developed highrelevance in the current competitive market of this conceptual era (Chadzingwa, 2010). StrategicHRM is the process whereby companies integrate the business objectives with human resourcegoals in order to attain a high and successful growth impact in the market. The present study willdevelop an extensive understanding about the theoretical concepts of strategic HRM and itsapplication in the business unit. The study will develop an in-depth analysis of the roles andresponsibilities of strategic HRM in the business growth and development. A clear understandingabout the contribution of HR policies in the growth and development of the business will beanalysed in the present study. ACTIVITY 11.1 Definition of strategic human resource managementHuman resource management is related to manage human resources at the workplace. The mainfunction of HRM is to maximise performance of the employee or to achieve pre-determineobjectives. HR manager is mainly concerned with the management of people within theorganisation, providing direction for developing policies and systems etc. HR departmentcomprises HR manager who perform operations like recruitment, training and development andperformance appraisal (Bhanugopan and et.al., 2013). Recruiting function is related to hirecandidate for a job as well as training and development is used to give the knowledge forparticular job. In today’s era, HR is focusing on mergers and acquisition, succession planning,industrial relation etc. There are two models of management such as soft and hard, fSoft model isconsidered as very flexible and smooth model in HRM. Whereas, the hard model is regulated bytop management so it includes stress or performance management.Strategic human management resourcesIt is the activity of attracting, developing, satisfying and retaining employee withinorganisation so that venture can achieve their goals and objectives in effective manner. Goals ofa human resource department supports the objectives of the rest of the organisation. CambridgeSatchel Company implements this concept to utilize the talent and opportunity inside the humanresource department to make other sections stronger and more effective. However, this strategy1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents