This report discusses the functional aspects of strategic human resource management and the importance of effective policies. It critically evaluates the strategic HRM policies of HSBC and recommends the company to adapt to different situations by formulating effective policies. The report also highlights the significance of HR planning, recruitment and selection, training and development, organisational structure, HR payrolls and information, and employee participation and communication. Subject: Human Resource Management, Course Code: HRM101, College/University: Not mentioned.