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Strategic Human Resource Management | Concept

   

Added on  2020-01-15

10 Pages2736 Words180 Views
HUMAN RESOURCEMANAGEMENT [Type text]

TABLE OF CONTENTSINTRODUCTION......................................................................................................................3LO1 ROLE AND IMPORTANCE OF HRM............................................................................31.1 Define strategic human resource management................................................................31.2 Importance of HRM in the organization..........................................................................31.3 Analyze the framework of strategic human resource management.................................4LO2 FORMULATION AND IMPLEMENTATION OF HR STRATEGIES..........................42.1 Analyze strategic human resource process......................................................................42.2 Assess the role in strategic human resource management...............................................52.3 Analyze the development and implementation of human resource strategies.................5LO3 HR STRATEGY THAT CAN BE IMPLEMENTED IN A ORGANIZATION...............63.1 Range of HR strategy for an organization........................................................................63.2 Assess the HR strategies and their application in the organization.................................6CONCLUSION..........................................................................................................................7REFERENCES...........................................................................................................................8[Type text]

INTRODUCTION Human resource management is an important part of the organization as it helps inachieving organizational goal and objectives. HRM department is the most significant aspectwhich is required in the organization to manage different types of functions. The roles andresponsibility regarding HRM is changing now they are also responsible for makingstrategies. Cambridge satchel a very renowned leather company has been taken to answerdifferent questions regarding strategic human resource management. The report focuses onthe roles and responsibility of the strategic human resource management. Further, itemphasizes on the importance of HRM in the organization. Lastly a presentation has beenmade which will stresses on the contemporary issues affecting HRM.LO1 ROLE AND IMPORTANCE OF HRM1.1 Define strategic human resource managementStrategic human resource management is a broad concept which involves planningand making strategies for meeting organizational goal and objectives. Strategic HRM can bedefined as accomplishing mission and vision of the company with the help of human resource(Hendry, 2012). For making strategies, strategic HRM first analyzes the resources requiredfor making plan then it further evaluates the human resource need to implement thestrategies. The main goal of the strategic human resource is to achieve the competitiveadvantage in this competitive world. Hence, for the organization to be successful it has tohave a competent strategic HRM which can guide them and help them to compete with itscompetitors (Armstrong and Taylor, 2014). 1.2 Importance of HRM in the organizationFor every company which is functioning to earn profit requires human resourcemanagement. As without them organization cannot attain success effectively. Further, it isvery crucial for the company who is a small in size. As small sized organization likeCambridge satchel can be managed more effectively than a big sized corporate. Importanceof HRM is a follows:1

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