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Strategic Human Resource Management- (Doc)

   

Added on  2020-02-05

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Strategic HumanResource Management

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1CONCEPT OF HUMAN RESOURCE MANAGEMENT.............................................................1STRATEGIC HRM.........................................................................................................................1CHANGING PERSPECTIVES OF THE STRATEGIC HRM.......................................................2STRATEGIC HRM MODEL..........................................................................................................3IMPACT OF HR PRACTICES ON STRATEGIC HRM GOALS.................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONIn the era of specialization, each organisation caters to bring improvements in the processof allocation and utilization of resources in the utmost effective manner. Strategic HRM is thecrucial process adopted by business entities in which organisations strives towards achievinglong term business goals through tactical planning and creating strategic framework with theprime focus on human capital. CONCEPT OF HUMAN RESOURCE MANAGEMENTHuman resource management is the process designed by the employers to achieveorganisational objectives and goals with the inclusion of certain policies and methods. It focuseson creating the framework to enhance the efficiency of employees and improve theirperformances. In order to proceed in this direction, mangers undergo the process of recruitmentand selection, training and development, performance appraisals of employees, maintainingproper relations with them and addressing all the issues related to the Human resources (Sheehanand Cooper, 2011). It is the crucial function in both private and public sector organisations. Bydevising this process, people of organisation are managed in the structured and planned manner.STRATEGIC HRMStrategic HRM is the rational way in which practices related to employees are covered inthe tactical manner by framing effectual strategies addressing all the macro concerns of theorganisation such as build the suitable structure, focusing working compatible with the valuesand principles of organisation, resource utilization and sustainability (Minbaeva, 2013). Further,it focuses on creating the appropriate communication strategy among employer and employees,enabling the human resource to handle changing scenarios through training and development,encouraging system's thinking and though mergers & acquisitions. The process reflects theorganisational values along with its goals and objectives. The process of strategic HRM enhancethe quality of services extended by employees which further trickle down its effects to theincrement in the efficiency and productivity of the organisation leading towards the way ofgrowth and development. Further, by emphasizing on the codes of practices, realizing the impactof its decisions on society and its philanthropic activities, organisation fulfils its responsibilitiestowards its different stakeholders (Stanton and Nankervis, 2011). It is an integrated approach in1

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