Strategic Human Resource Management

This assignment focuses on the functional aspects of strategic human resource management and the policies that organizations can adopt to suit different situations. It discusses the importance of strategic HRM in improving overall business performance and provides case study analysis of Alpha, a private limited company. The assignment also highlights the functions of HRM, such as reward strategy, managing employee relationships, and promoting equality and diversity in the workplace. Additionally, it explores strategic HR policies for dealing with declining markets, becoming an innovative organization, and entering international markets.

STRATEGIC HUMAN
RESOURCE
MANAGEMENT

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Identification of functional aspects if the strategic human resources management..................1
Determine the strategic human resource policies that must be adapted to suit different
situations......................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Human resource which is coordinated and consistent with business objectives that can
help in bringing improvement within overall business performance is known as strategic human
resource management. It is a future oriented process for developing and implementing HR
programs as it can help them in resolving business problems in a proper manner (Delery and
Roumpi, 2017). Today strategic human resource management is an important factor which is
required to be focused upon by organisations that can help them in dealing within difficult
situations and different kinds of business problems. This assignment will lay emphasis upon case
study of Alpha which is a private limited company that was established in India in 1987 listed in
both in India and New York Stock Exchange. This assignment will focus upon functional aspects
of strategic human resource management applicable to the employees of Alpha, and strategic
human resource policies that must be adapted to suit different situations.
MAIN BODY
Identification of functional aspects if the strategic human resources management
Human resource management of the Alpha aspect to manage the employees within the
workplace and trey are responsible to make companies employees more effective and
efficient. HR deportment of the company plays various function that help Alpha to become
more productive and make their workforce more strong. Here are functions and Aspect of the
Human resource management of the Alpha (Farouk, and Al-Nahyan, 2016) .
Reward strategy- It is a function of HRM in which they need to develop and implement reward
management system. Here, they need to identify that on basis or criteria reward will be give to
employees. Besides that, it focuses on practices to motivate and support staff in attaining Alpha
goals. In addition, policies related to reward is formed as well in it. Hence, Alpha HR should
ensure and develop reward strategy in order to motivate staff.
Managing employee relationship- This function of HR is related to managing of relation between
employee and employers. The HR ensure that there is effective communication between
employee at all levels. Moreover, HR also help in solving conflicts which may occur and also
interact with staff to identify issues they face at workplace. Similarly, Alpha HR need to
emphasis on managing relation with employees.
Equality and diversity at workplace- This is important function of HR in which they maintain
diversity at workplace. Here, they understand behavior of staff and on lay down certain
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principles to provide equal opportunity to all. Furthermore, there are several principles as well
set by them that ensure transparency, fairness, etc. and equality at workplace. Hence, in Alpha as
well the HR need to practice this function so that equality is maintained. It will enable in
improving efficiency of staff by working with diversified people (Manzoor, and Subhan, 2019).
Employees engagement
Strategies human resource management of the Alpha company is aspect to make
strategies to engage employees and create good understanding and relationship between them.
Relationship between the employees can be created through planning various stogies like high
performance working and group practices etc. This strategies are useful for the Alpha company
to employable their employees because, employees work in a team and help each other in the
task which make them more effective and create good understanding between them. They
also get chance to share their experience with each other and develop in skills in themselves
which help them to develop their careers as well.
Teach Tools and Techniques
The Strategic human management of the Alpha aspect to conduct the scientific research
in order to introduce the new Human resource tools and methods. a needs assessment is a
formal business evaluation that grades the implications of turnover like future labor demand and
availability. The SHRM teaches businesses to conduct needs assessments in order to consider
industry, labor market and economic supply and demand trends. Certain trends, such as new
industry growth, may quickly increase the demand for specific employees who have value and
skills (Taamneh, Alsaad, and Elrehail, 2018).
Improve in HR effectiveness
The strategic human resource management teaches the Professionals in the HR how to
streamline the process and system of the Alpha. HR professional of the Alpha company can
hire guides that explain how to strengthen employees cohesion by giving them monitor who
make them more effective and professional in their work, so they can help company to produce
more effective workforce and who can help to in hence their productivity.
Training and development
Training and development is function that is aspect by the employees for their work
improvement and help them to be more effective to achieve their goals and their objectives. It
is responsibility and function of the strategic human management of the Alpha to provide skill
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based training to their employees, so they can be more effective in their work and develop new
skills in themselves. Training will make them more effective and it will incense their
motivation, so they will give their best within the task and help company to active their goals
and objective. The information gained from exit interviews can be used to make positive changes
in the company. SHRM’s research shows that offering telecommuting, sabbaticals, fitness
facilities and transportation subsidies drastically decreases turnover (Taamneh, Alsaad, and
Elrehail, 2018).
Hence, these are some strategic HRM practices that needs to be applied by Alpha. It will
enable in increasing employee efficiency and attaining organization goals and objectives.
Determine the strategic human resource policies that must be adapted to suit different situations
Human resource policies can be defined as continuing guidelines or approaches of an
organization that helps them in management of their people (Boon and et. al., 2018). It helps in
providing HR guidelines that helps them in recruiting new skilled employees, providing training
and development to employees, promoting employees etc. It is a kind of generalized approach
that can help an organization in running smoothly under a certain set of circumstances. Linking
HR strategies and polices with workforce can directly help an organization to put business as
strategy in action. Strategic human resource polices that can be adopted by Alpha in different
situations are as follows:
Declining market:
Declining market are those markets that have gone from maturity in which sales stay flat
or can sometime climb occasionally where their overall sales can decrease. Flat sales or
decreasing sales can directly help an organization to identify declining market. One of the most
important strategic human resource policies that can help Alpha in dealing with this difficult
situation is recruitment and hiring policy. Alpha can focus upon organization leadership
programs for their top management staff members and leaders. Organizing leadership and
development programs will directly help leaders of Alpha to analyse their current situation and
bring improvement within their current situation. Leadership programs will further help Alpha to
deal with their declining financial performance in a proper manner. it will further help leaders to
identify changes that are required to be brought within organization that can help them to attract
and retain their talented and skilled employees (Allui and Sahni, 2016). Human resource
department can interconnect their leadership program with their other HR strategies and policies
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so that changes within organization can be brought in a proper and appropriate manner in such a
manner that employees can easily adopt themselves within the organization as per new changes.
They can further organize training program for employees so that required skills and knowledge
of employees. This will directly help Alpha to deal with difficult situation of declining market.
Innovatory organization:
Becoming an innovatory organization is another difficult situation for an organization. It
Is important for every organization to focus upon becoming an innovatory organization. Leaders
of an organization face various kinds of challenges for becoming an innovatory organization. It
is a difficult situation for an organization because becoming an innovatory organization can
provide various kinds of opportunities but with various challenges. Becoming an innovatory
organization is a completely different situation (Zehir and et. al., 2016). There are various kinds
of HR policies that can be adopted in this situation for Alpha organization for becoming an
innovatory organization. Training and development are one of the best strategic HR policies that
can be adopted by Alpha. Training and development HR policy can directly help Alpha
organization to bring improvement within their employees’ performance. It will directly help
them to enhance overall performance of employees, help them in developing new skills and
knowledge that can be used by organization for developing new skills and knowledge of
employees so that they can think of new, creative and innovative ideas that can help an
organization to become n innovatory organization. This SHRM policy will not only help Alpha
in becoming an innovatory organization but will further help them to remain their talented and
skilled employees.
International market:
Focusing upon entering into international market is one of the most common situations
for organizations who want to enter into international market by expanding their business
operations globally (Zehir and et. al., 2016). For international market strategic human resource
management need of Alpha need to adopt various kinds of policies together that can help them in
doing business in international market successfully. Some of the main SHRM policies that can
be used by Alpha for international market are: Employees Hiring, Training and Development,
Remuneration, and Performance Management. Hiring new, talented and experienced employees
will help them in managing their business at international level. Providing other financial
benefits to employees can directly help Alpha to motivate employees so that they can work upon
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bringing improvement within their overall performance. Training and development can help in
making employee capable enough for working in culturally diverse environment with culturally
diverse people. Lastly with the help of performance management Alpha can identify employees
who are excellent within their work. Such kind of employees can be awarded, provided
recognition and other kinds of benefits as these employees can help organization sustain within
international market and run successfully.
CONCLUSION
From the above assignment it has been summarized that strategic human resource plays a
vital role within an organization that can help them in dealing and managing their employees and
business operations in a proper and appropriate manner. it has been analysed that there are
various kinds of functional aspects of human resource management that can help them in
successfully running their organization in a proper manner. However, it has further been
analysed that there are various kinds of strategic human resource management strategies and
policies that can help organization in dealing with difficult situation like declining market,
innovative organization, expanding business internationally.
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REFERENCES
Books and journals
Allui, A. and Sahni, J., 2016. Strategic human resource management in higher education
institutions: empirical evidence from Saudi. Procedia-Social and Behavioral
Sciences. 235(2). pp.361-371.
Boon, C., and et. al., 2018. Integrating strategic human capital and strategic human resource
management. The International Journal of Human Resource Management. 29(1). pp.34-
67.
Delery, J.E. and Roumpi, D., 2017. Strategic human resource management, human capital and
competitive advantage: is the field going in circles?. Human Resource Management
Journal. 27(1). pp.1-21.
Farouk, S., and Al-Nahyan, M., 2016. HRM practices and organizational performance in the
UAE banking sector: The mediating role of organizational innovation. International Journal
of Productivity and Performance Management.
Manzoor, F. and Subhan, Q.A., 2019. An examination of sustainable HRM practices on job
performance: An application of training as a moderator. Sustainability, 11(8), p.2263.
Taamneh, A., Alsaad, A.K. and Elrehail, H., 2018. HRM practices and the multifaceted nature of
organization performance. EuroMed Journal of Business.
Zehir, C., and et. al., 2016. Strategic human resource management and firm performance: the
mediating role of entrepreneurial orientation. Procedia-Social and Behavioral
Sciences. 235. pp.372-381.
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