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Strategic Human Resource Management

   

Added on  2022-11-25

15 Pages4251 Words330 Views
Leadership ManagementProfessional Development
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Running head: STRATEGIC HUMAN RESOURCE MANAGEMENT
Strategic Human Resource Management
Name of the Student
Name of the University
Author Note
Strategic Human Resource Management_1

STRATEGIC HUMAN RESOURCE MANAGEMENT1
Task 1:
Introduction:
The increasing business rivalry is becoming one of the main factors that are
influencing the organizations towards the application of the various different strategies for the
improvement of the sustainability of their business. It is pretty visible that a series of business
industries are experiencing an intense level of competition and the main trigger that is
increasing the intensity of the competition is seen to be the increasing entry of the new
organizations. Under such situation, it becomes important for the companies to employ the
scientific management of their business operations. Hence it is crucial for the management of
the modern business organizations to make sure that the business strategies are well aligned
with the human resource strategies of their companies. Here lies the importance of the
strategic human resource management. The paper is focused in the elaboration of the linkage
between the business strategy and the human resource strategy with a precise focus on the
vertical and horizontal integration inside the organizations. Other than this, the paper
provides important information regarding the various aspects of the strategic human resource
management. Along with that, the paper assesses the importance of the effective human
resource strategies for gaining the much required competitive advantage in the modern
business context. In addition to this, the paper provides a significant analysis regarding the
impact of the performance management and rewards in the improvement of the business
operations of the modern organizations.
Literature Review:
With a precise focus on the literature related to the strategic human resource
management, it is evident that the importance of the formulation of the effective strategies
regarding the management of the human resources with a precise focus on the business
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strategies is increasing in a significant manner. Considering the intense level of competition
in the modern business, Noe et al. (2017) highlighted that the main objective of the managers
of the modern organizations is to gain the maximum amount of profit with the consumption
of the least possible resources. Under such situation, a strong alignment of the business
strategies with the human resource strategies becomes significantly important for the
managers. Oyewobi, Windapo and Rotimi (2015) stated that, with a precise focus on the
strategic objectives of the companies, the formulation of the operational activities has the
potential of improving the condition of the organizations in case of achieving the desired
growth rate. At the same time, it becomes important for the managers to evaluate whether the
employees are able to manage the operational activities in an efficient manner or not.
Salih and Doll (2013) commented that the establishment of the participative
management from the part of the senior management of the organizations have the potential
to place the organizations in a better in executing the operational activities in a smooth
fashion for the achievement of the desired success in accomplishing the strategic aim of the
organizations. Tourish (2014) stated that the communication plays a significant role in the
improved business operations and under such situation, the establishment of the effective
communication has the potential to enable the companies in efficient management of the
conflicts inside the organizations. Salih and Doll (2013) highlighted that the establishment of
the effective communication is capable of increasing the smooth flow of communication
inside the organizations and that becomes essential for the managers in urgent decision
making. Along with that, Tourish (2014) claimed that the smooth flow of communication in
modern organizational context, has the potential to improve the integration of the employees
with each other. With a precise focus on the impact of the human resources strategies on the
horizontal integration, it is evident that the SHRM managers have the necessity of creating a
smooth flow of the communication inside the organizations as that helps in the improvement
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of the team performances. With improved team performances, the companies have the ability
to enhance the quality and quantity of their operations.
Considering the link between the business strategy and the human resource strategy, it
is visible that there are considerable number of frameworks and theoretical resources that are
used by the managers for maintaining the business operations of the companies in an
appropriate manner. The improvement in the linkage between both the forms of the strategy
is pretty prominent with the transformation from the separation model to the HR driven
model and in doing so, the application of the horizontal and vertical integration is pretty
prominent. The separation model incorporated no link between both the strategies whereas
the Fit model has the capability of linking both the forms of the strategy through the response
of the HR functions towards the organizational strategy by defining the organizational
strategies that are capable to meet the organizational demands. On the other hand, the
dialogue model incorporates a more precise application of horizontal integration where two
way communication between the managers and in many cases, the employees takes place for
the effective management of the link between the business strategy and the HR strategy.
Considering the holistic model, the employees or the people of the companies are expected to
be considered as the resources that have the capability to provide the much required
competitive advantage to the company and under such situation, it becomes important for the
managers of the companies to make sure that the grievances and happiness of the employees
are managed well. The vertical integration for the efficient communication amongst the
managers and the employees becomes much needed in that case.
HR practices:
The human resource practices in the modern business world have the potential to gain
the much required competitive advantage to the organizations. The increasingly strong focus
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