Strategic Human Resource Management: Trends and Strategies
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This document discusses the development and current trends influencing HR strategy, analysis of internal and external factors, evaluation of HR theories, and implications of changed management models.
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1. Identification and explanation of the development and current trends that influences HR strategy of an organisation...........................................................................................................1 P2. Detailed analysis and evaluation of both internal and external factors that influences the practise and strategy of human resource......................................................................................2 M1. Detailed evaluation of the external and internal factors influence on various aspects........3 D1. Examination of the impact of contextual and external development by applying relevant theories that are prevailing in the current scenario......................................................................4 TASK 2............................................................................................................................................4 P3. Examination and evaluation of different theories that carry a lot of importance for the growth and development of strategies in HRM...........................................................................4 M2. Identification of the theories of human resources that are very crucial and critical for every company.............................................................................................................................7 D2. Evaluation of theories of human resource with reference to the company mentioned above .....................................................................................................................................................8 TASK 3............................................................................................................................................8 P4. Detailed elaboration of the changed management models and their implications so as to support the strategies of HR........................................................................................................8 M3. Providing necessary justifications regarding the above change models that are explained ...................................................................................................................................................10 D3. Evaluation of the change management models...................................................................10 TASK 4..........................................................................................................................................11 P5. Identification and explanation of the aspects that are used to measure and monitor HR outcomes....................................................................................................................................11
P6. Identification, analysis, and evaluation of the effectiveness of the HR management that can help in achievement of company’s objectives in the long run...................................................11 M4. Evaluating appropriate suggestions for different techniques of HR development............12 D4. Examination of the evaluating and monitoring techniques of the HR that can help a firm to attain sustainability in the market..............................................................................................12 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Strategic human resource management is one of the most important as well as essential aspect for each firm which is operational in the market irrespective of the industry in which it is working as it is a process which is related to the future orientation of the business so as to develop and implement different human resource programs that can help a company to grow and prosper in the long run(Banfield, Kay and Royles, 2018). Clyde Travel Management Limited is a firm which is established in the Glasgow city of the UK and its operational since a pretty long time and thus has managed to capture a larger share in the industry because of this as it deals in providing different services like flights and scheduling, railway and ferry bookings, reservations of hotels, hiring of various cars, travel arrangements and management. In this report there is a detaileddiscussion done about different development and current trendsthat influencea company’s HR strategy and evaluating external and internal factors that impacts the working of theabovementionedorganisation.Apartfromthisthereportalsocoversanalysisand explanationofvarioustheoriesthatarerelatedwithhumanresourcemanagementand appropriate changes that can be made in the management models that possess a lot of value in the current market situation. Further in this report measures by which results of the HR can be measured and evaluation of the effectiveness of HR management so as to achieve growth and prosperity is also done. TASK 1 P1. Identification and explanation of the development and current trends that influences HR strategy of an organisation There are a number of different development and trends that impacts the strategy regarding HR management as the present environment is highly competitive as well as dynamic in nature so various companies tends to do a detailed analysis and research about all the aspect so that it can help the firm to grow in the market. Since Clyde Travel Management Limited is a big firm and thus there are various factors that carriers a lot of importance for the enterprise and all of them are discussed below in detail- Manpower Diversity- As people from all over the world work together as a group and thus diversity prevails in every organisation and in Clyde Travel Management Limited too as it appoints different individuals by analysing their skill set and not the region from
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which they belong and thus it helps the company to increase its profitability as all works together as a team(Casademunt, 2016). Influence of Globalisation-It is a term given to an organisation which operates in different countries and so asClyde Travel Management Limited works as it helps in expanding the business which results in increased market share. Advanced Technologies-It is very important to use updated and advance technology so that it can help the organisation to beat the competition andClyde Travel Management Limited also uses improved technology that helps it in providing quality services to its customers. Changing skills-It is very essential to upgrade the skill set so as to meet the changing environment and fulfil the needs and requirements of the clients andClyde Travel Management Limited make necessary and appropriate changes in its HR strategy so that it can help in achievement of the goals of the firm. Continuous emphasise on improving customer experience-Since customers are very crucial for every firm as they can help a company to increase its sales and profitability so Clyde Travel Management Limited focuses mainly on improving the experience of its customers so that it can help it in gaining popularity in the industry. P2. Detailed analysis and evaluation of both internal and external factors that influences the practise and strategy of human resource Both external and internal factors carriers a lot of importance as they are very crucial as well as critical in the working of a business and all of them are elaborated in detail below with reference to the firm that is Clyde Travel Management- External factors-These involve aspects that impact the operations of the firm but are external in nature like technological, economic, environmental, etc. and sinceClyde Travel Management is working on a large scale and thus all these factors possess a lot of value for it in the current scenario and its different factors are explained below- MarketTrends-AsClydeTravelManagementoperatesinadynamicbusiness environment and it influence the strategy that it makes regarding HR and thus it keeps a tab on all the changes so that it can make necessary adjustments in its operations (Denkova, Ananiev and Stojanovski, 2017).
Laws- Since UK has very strict laws and Clyde Travel Management operates there only and thus it is required to comply with all the laws and legal code of conduct in its HR management so that it cannot hamper the strategy and its working in the long run. Environmentalchange- Thereareenvironmentalchangesduetotheworkingof companies and Clyde Travel Management offers its products and services keeping the environmental factor in mind which is very crucial in the present time. Technological change-As there is an advancement in the technology every single day andClyde Travel Management also knows the importance of it and uses updated and advanced technology to do its operations. Internal Factors-These are factors which are internal in nature and thus directly affect the working of the organisation likeClyde Travel Management and its different factors are explained below- Availability of Funds-It is very important for a business to have sufficient and adequate funds so that all the operations of the company can be done in an effective and efficient manner.Clyde Travel Management provides sufficient finances to its HR department so that it can function without any type of hurdle. Relation with Employees- Since it is very crucial to built an environment in which all employees must feel connected with each other and Clyde Travel Management uses this strategy to its HR department so that it can add value to the company in the long run. HR generic strategies-It involves mainly three aspects that are discussed below- Cost Leadership- This strategy mainly focuses on improving the quality andClyde Travel Management gives a lot of attention to the quality of the services that it gives so that it can prove beneficial for the firm(Ferreira, Mueller and Papa, 2018). Differentiation-In this a company ventures in different sectors so that it can earn maximum profits andClyde Travel Management also does the same so as to keep its firm growing in the market. M1. Detailed evaluation of the external and internal factors influence on various aspects External factors carriers a lot of importance as it includes mainly all the factors that affects an organisation and its strategy that is related with the human resource management. Clyde Travel Management does a detailed research and analysis of all the factors so that it can cope
with up all the negative aspects and try to make it positive one so that the company can grow and prosper in the industry. D1. Examination of the impact of contextual and external development by applying relevant theories that are prevailing in the current scenario It is an essential factor to study all the development strategies in detail so that it can add to the value of the firm in the long run and for a company like Clyde Travel Management it become much more important as it is working on a large scale as compared to its competitors that are prevailing in the similar market conditions(Foiji, Hoque and Khan, 2019). TASK 2 P3. Examination and evaluation of different theories that carry a lot of importance for the growth and development of strategies in HRM There are a number of theories that are currently prevailing in the market but since Clyde Travel Management is a big firm and thus needs accurate theories that can help it to grow in the competitive environment and thus the important ones are elaborated below- Maslow Hierarchy of needs-It is a need hierarchy theory in which needs are arranged in a form of a ladder in such a way lower level needs when satisfied, gives rise to higher level needs. It also says that satisfied need is never a motivator to an individual and behaviour is the outcome of the need. Clyde Travel Management also uses this theory in the long run so that it can help the firm to grow in the industry in which it is operational. Example-It can be seen in Clyde Travel Management that each employee is given a specific position and status so that it can help everyone to relate with the company and work towards the accomplishment of the goals that are laid down at the starting(Guest, 2017).
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Herzberg factor-It is a factor that is classified into two groups that mainly states that one aspect cause job satisfaction among employees while other cause dissatisfaction at the same time and thus company has to make their decisions appropriately so that it can help it to grow and for an enterprise like Clyde Travel Management it become much more important. Example-It can be understood that if an organisation improves its working conditions, gives ample recognition, improved wages and salaries, etc to its employees that are working for it like Clyde Travel Management has gives it tends to give them job satisfaction as compared to a situation in which all these aspects are lacking resulting in job dissatisfaction. Theory X and Y-It is a theory that is related with human work management and motivation as theory X includes supervision, rewards, and penalties, while theory Y includes job satisfaction and approaching a task by a subordinate without a supervisor. Clyde Travel Management uses both of them so as to do well in the dynamic environment since both are necessary in order to achieve profitability in the long run. Example-It can be understood that Clyde Travel Management uses different theories on different individuals according to the needs, requirements, and demands of the company so that it can help it to accomplish the tasks in an effective and efficient manner(Haraj and Hameed, 2019).
Nudge theory-It is a theory which is related with the most important aspect that is human being as it determines the behavioural factor so that it can be influenced so as to improve the conditioning of the company and Clyde Travel Management also uses it in an appropriate manner so that it can add market value to the enterprise. Example-SinceeveryindividualhasdifferentsetofbehavioursoClydeTravel Management employs a team of experts so as to determine each and every aspect in detail so that it can help the company in a positive way.
Flexible working arrangements-It is a method in which workers are given flexible timings so that they can finish up a task according to their convenience andClyde Travel Management also use it as this helps in improving the relation between superior and subordinate and also proves beneficial in the growth of the company. Performanceappraisaltechniques-Therearevarioustechniquesofperformance appraisal that are prevalent in the current market situation so that it can prove useful from the firm’spointofview.ClydeTravelManagementmainlyusespsychologicalappraisals, management by objectives, and assessment centre method to do performance appraisal of its employees(Kowsuvon and Burgess, 2016). M2. Identification of the theories of human resources that are very crucial and critical for every company Clyde Travel Management uses all the methods that have been evaluated below in an accurate and precise manner so that it can prove beneficial and useful at the same time for the
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firm which can help it to sustain in the market for a much longer time period as compared with its competitors. D2. Evaluation of theories of human resource with reference to the company mentioned above All the theories that are discussed above have a positive impact on every firm for a firm like Clyde Travel Management it possess a lot more importance as it assists it to do its operations in an effective way so that it can beat the rigorous competitions that it prevailing in the industry by using suitable tools and techniques(Lapoint, 2018). TASK 3 P4. Detailed elaboration of the changed management models and their implications so as to support the strategies of HR Change is the foremost thing in the business environment which is prevalent in the current scenario as it gives every business a chance to change according to the circumstances so that it can sustain in the environment so as to beat competition and prosper in the market. Clyde Travel Management also uses some of the models that are prevailing in the current circumstances and all of them are explained briefly below- Kotter’s 8 Step change Model- It is a model in which 8 steps are included so that after it a change can be implemented in the business which can help it to sustain in the long run and all the steps are explained below with context of the firm Clyde Travel Management- Step 1-In the first step as it involves creating a sense of urgency in the workplace so that the all the activities that are done must be done towards a single objective that is to attain the goal of the organisation. Step 2-In it a vision is formulate that can help the company to achieve and accomplish its task effectively and efficiently and that too within a limited period of time. Step 3-In this stage a vision is develop after doing analysis and evaluation of all the aspect that impacts the working of the business so that it can help the company to grow in the competitive business environment(McIver, Lengnick-Hall and Lengnick-Hall, 2018). Step 4-In it the developed vision is conveyed throughout the enterprise so that each and every individual can understand the role and responsibility in the company.
Step 5-This step involves empowering all the employees that are working in the organisation in terms of the vision that has been developed above so that all the energy can be directed towards a single goal. Step 6-In this step short term goals are generated so that at every stage an environment can be created that some sort of accomplishment is done which will subsequently increase the motivation level of the employees. Step 7-This includes sustainability of the vision so that it can be implemented on a larger scale which can further help the company to prosper in the market. Step 8-In this step a permanent change is made so that the vision that is developed above can be used in an impactful manner in the firm. Clyde Travel Management also uses the above steps in its organisation as it has proved very beneficial too for it in the long run and has became an integral part of the company(Naim and Lenka, 2017). Lewin's Theory- It is a three step process in which there are mainly 3 stages namely unfreeze, change, and refreeze that says that firstly prepare a change that an organisation wants to implement in it. Secondly implement the desired change in the company that was prepared
earlier and lastly solidify the above change in the firm so as to evaluate and analyse the true positioning of the enterprise. Clyde Travel Management use this theory and also regard it as one of the most important as it helped it to make and implement necessary and appropriate changes in the company that proved very beneficial for it in the long run scenario. M3. Providing necessary justifications regarding the above change models that are explained Clyde Travel Management mainly uses both the change theories as both carriers different importance to the firm and it use them according to the circumstances that are prevailing in the current market situation so that it can add to the value of the company in the market (Phongsakorn and RATTANAPONGPINYO, 2019). D3. Evaluation of the change management models These models of change management helps a company like Clyde Travel Management to deal with all the aspects of the company in an impactful way so that every change that has been made
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with the help of different theory must be implemented in a successful manner so that it can prove useful and beneficial for the enterprise at the same time. TASK 4 P5. Identification and explanation of the aspects that are used to measure and monitor HR outcomes There are various ways by which it can be measured and monitor and it has to be done in an accurate manner because it is very crucial for every firm and especially for a company like Clyde Travel Management. HRM mainly supports sustainable growth of business because it is very critical to survive in the industry and that too in an effective and efficient manner and there are different tools for it that are explained below- Bench marking- In it a standard is set and all the activities are directed towards a similar goal and this helps to achieve that effectively and within a limited time frame andClyde Travel Management use it in a very precise way as it set its standards high and accomplish that too in an efficient manner(Shahsiahi and Naghsh, 2018). KPI- Key performance indicators help the business to make decisions by comparing it withdifferentfirmsthatareoperatinginthesimilarmarketandClydeTravel Management also analyse this very accurately and it is one of the reason behind the success of the company in the long run. Best fit-In this the best alternative from the number of alternatives that are prevailing in the market is selected with the hope that it can prove beneficial for the company and Clyde Travel Management recruits a specialised team in this regard so that each aspect can be understood in detail so as to select the best one for the firm’s growth and development. P6. Identification, analysis, and evaluation of the effectiveness of the HR management that can help in achievement of company’s objectives in the long run Management of HR and its development is one of the most crucial and essential things as it helps in recruiting skilled personnel’s in the organization that are experienced enough to carry out all the tasks and activities of the company in an effective way adding to the value of the enterprise so that it can stand ahead of its rivals. It also helps in optimum utilization of the available resources by searching out methods to do each and every task with full conviction by
using latest technology that is prevailing in the current market which will subsequently benefit the firm in the market and it will also help in development of the individual which is an asset in the long run.Clyde Travel Management takes this aspect very seriously and thus it is one of the reasons behind the immense success of the company in the market and that too in a very short time period. Also the firm is performing its best in utilising the resources that are available in the market and also use it in an impactful manner and thus helps the firm to grow and prosper in the industry beating all the odds behind(Siekkinen, Pekkola and Kivistö, 2016). M4. Evaluating appropriate suggestions for different techniques of HR development The best technique that can be used by firms especially Clyde Travel Management is performance appraisal as it helps in analysing the performance of the employee so that necessary and appropriate measures can be take after it which is very crucial in the current time period (Wilton, 2016). D4. Examination of the evaluating and monitoring techniques of the HR that can help a firm to attain sustainability in the market Technique of performance appraisal helps a firm to improve its level of productivity which is related with the individuals that are working there so that it can act as a tool of motivation too which is a must in a big firm like Clyde Travel Management as it also helps in attainment of goals and objectives that are laid at the starting within a short time frame(Xiao-nan, 2017). CONCLUSION From the above it can be concluded that human resource management is a wide concept and thus required a lot of detailed research and examination to analyse and evaluate all the aspects in an appropriate manner so that it can add to the value of the firm especially to a company which is as big in size as Clyde Travel Management.
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