This assignment focuses on the concept of strategic human resource management and its relevance within organizations. It discusses the role of training and development in harnessing employee talent and gaining competitive advantage.
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Running head: Strategic Human Resource Management Strategic Human Resource Management Name of the Student: Name of the University: Authors note:
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1Strategic Human Resource Management ABSTARCT The current assignment focuses on human resource development concept and the various approaches taken to effectively practice within the organization. Training and development being the most important approach in any organization, it helps to harness the talent and knowledge within the employees and gain competitive advantage. The paper demonstrates the concept of strategic human resource management and its relevance within the organization. The paper also high that how business strategies are interlinked with human resource management in order to get desired result.
2Strategic Human Resource Management Introduction Inthecontemporarybusinessworld,thehumanresourcemanagementconceptis evolving with the changing environment. The current assignment focuses of describing the concept of strategic human resource management and the ways the strategic human resource management contributes to organizational objectives. The paper discusses how human resource development can be a cradle of competitive advantage. The rapidly changing environment fosterscompetitioninthemarketandthereforehumanresourcedevelopmenthelpsthe organization to compete with the current competitive world. The paper reflects wide range of strategic human resource management practices that aids the organization to accomplish its strategic goals. Discussion The Concept of Human resource development The strategic human resource management is a wide concept that relatively reflects a whole new transformation in the domain of human resource management. The strategic human resource management acts as a means of aligning the strategic goals of the organization and gain competitive advantage. Organization are continuously trying to adapt strategies in order to increase the performance of the organization in areas such as financial, productivity and quality. The human resource is the key asset in the organization and hence plays a vital role in upbringing the performanceof the organization(Daset al.,2019). The human resource development (HRD) is defined as the approach which endures development of people working within the organization. The main aim of the HRD concept is to enhance the skills, knowledge, attitude, competencies and behavior of the employees within the organization. In the competitive world, the organizations are trying to develop the competencies and skills of the employees so as
3Strategic Human Resource Management to achieve the strategic goals set by the organization. In the current organizational operations it is expected from the HRD professional to provide initiatives, activities, interventions and services that will aid the organization to achieve the strategic goals and gain competitive advantage over the other organization. When the human resource development strategy is aligned with the human resource strategy it links the training practices and policies to the organizational goals. Due to globalization it has become a challenge for the manager to innovate better strategies in ordertogaincompetitiveadvantageandtomanagethediverseworkforcewithinthe organization. The management also face difficulties in hiring the right talent in the organization. In order to overcome the biggest challenge of globalizations the human resource development has expanded its domain into wider concept. There are three main area which is incorporated within the human resource development function.Thesearecareerdevelopmenttraininganddevelopmentandorganizational development. Training and development- Training and development is one of the approach which helps the organization to face the challenge of having competent and skilled employees in the organization. Thetraininganddevelopmentishighlynecessarytobeeffectivelyimplementedinthe organization. The training and development approach helps the employees to improve its skills and competencies which is necessary to meet the management expectations. Training helps the employees to accept the challenges in their evolving jobs. The multinational companies are more concerned on providing effective training to employees by the use of technology and highly competent supervisors. This would allow the organization to compete with the other organization
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4Strategic Human Resource Management and gain competitive advantage. Today’s training is not only confined with job task but also how to perform in the organization ethically and with integrity(Chams and García-Blandón, 2019). Training give employees a diversified approach to work as a team which is another challenge of globalization. The training helps to build a common understanding to the organizational goal, it shows the management’s loyalty and commitment (L'Écuyeret al., 2019). It fosters responsibilities within the employees and contribute to the organization in possible ways. The companies are focusing on team empowerment and team work which teaches the right attitude and shows them that their competency is crucial for the organization to perform better (Buckleyet al., 2019). The various ways of training the employees include e-learning training, instructor-led classroom training, hand-on training, video training, computer-based training, mentoring and coaching and interactive methods. Career Development-The career planning has become core field of attention in managing the human resource. The regular responsibilities and mere confinements may not satisfy the career urgeoftheemployees.ThusHRDprofessionalensuresthepracticeforlearningnew technologies through external specialized training and through providing good opportunities for theimprovementofqualificationwhichmakesgoodqualitativeperformance.Career development is an approach to give chance to those employees who are eager to gain knowledge, skills and competencies and encourage them to perform better in the organization. This is an opportunity to engage the staff in order to bring to their best and so that they can demonstrate their skills, competencies and abilities in the organization (Stewart and Brown 2019).Itdevelopssustainableperformancelevel,theproactivestrategichumanresource
5Strategic Human Resource Management management ensures that the increased level of performance provides sustainability for long- term. Organizational Development- The organizational development incorporates the whole organization, the main aim of organizational development is to bring about effectiveness within the organization through strategic human resource management. These indulges some macro and micro level changes, the macrolevelchangesinvolveculturaltransformationand microchangesincludesconflict resolution and team building. The human resource development does not have to be a catalyst in exhibiting these changes in organization (Derindag and Canakci, 2019). It mainly aim at planning and creating process and mechanism within the organization to foster continuous development of the employees in order to perform better in their job roles. In the dynamic organization the employees need to enhance their skills for future prospects and thus contributing totheorganizationalefficiency.Thestrategichumanresourcemanagementpracticesare integrated in order to get the desired result and promotes effectiveness and efficiency in the organization(Kasemsap2019).Thestrategichumanresourcemanagementpracticesin interlinked with the organizational objectives. The current recurring trends for strategic human resource management focuses on the continuing impact of economy, competition for in-demand of potential candidates, the continuous influence of communication technologies development and information, the demographic changes, the importance of effective and flexible work
6Strategic Human Resource Management strategies. The human resource development makes employee competent and hence increases the organizational performance as well. The human resource development identify the areas of improvement with regards to each and every level of the employment. It helps to reach the strategic goals set by the organization, it directly aims at improving and developing the performance of the human activities in order to make Human resource development agile at the higher level the employee is subjected to perform good leadership and supervising skills. The human resource development focuses on collaborating the workplace environment, effective communication system, building culture and also acting as a catalyst for brining change in the organization. In Multi-national Corporation collaboration is the most important element which has to be performed effectively. It fosters team building and helps the employee to perceive themselves as to contribute collectively towards the organization excellence. The common understanding of the team leads to less conflicts within the teams working at different region of the county and create a greater acceptance of change and provokes productive intercultural workplace. Business Strategy and Human resource management It is observed that many organization interlink their organization strategy to their human resource strategies. The above statement can be demonstrated as follows: Business StrategyOrganization RequirementsHuman resource management For defender strategy Efficiency orientation Narrow product market There must be maintenance of stability Limited with environment controlling The control system must be centralized Standardized operating system is initiated. Accumulator strategy Strategies to build maximum involvement of skilled employees. Employee Acquisition Continuous development of employee’s skills, knowledge and competency. Prospector Strategy Continuous search for new Extensive monitoring of workplace environment Utilizer Strategy Employ ready-to-use talent
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7Strategic Human Resource Management market Market/product innovators External orientation Constant change Rapid resource deployment Control system has to be decentralized Structural formulation is at low degree Moving the employees in order to coincide their abilities, skills and talent to a particular task Analyzer Strategy Maintaining presence in the existing market Pursue new Comprehensive and intensive planning Offering unique products at low cost Administrative differentiation flexibility Provoking team structure and accurate placement self-motivated personnel Supporting and encouraging self-development of skills and abilities through training. Conclusion It is inferred from the above study that human resource development plays a vital role in achieving the strategic goals of the organization. The various prospects of the human resource developmenthelpstheorganizationtoenhancetheskillsandcompetencieswithinthe organization. Career development and training and development plays a significant role in creating value of the employees in the organization and hence helps the organization to obtain competitive edge. The organization develop various strategies and use technological advances to provide effective training to the employees and bring best out of them. It is observed from the above discussion that the business strategies must be clearly aligned with human resource management so as to get desired result and enhance performance of the organization.
8Strategic Human Resource Management Reference Buckley, M.R., Wheeler,A.R., Baur, J.E. and Halbesleben, J.R. eds., 2019.Research in personnel and human resources management. Emerald Publishing Limited. Chams, N. and García-Blandón, J., 2019. On the importance of sustainable human resource management for the adoption of sustainable development goals.Resources, Conservation and Recycling,141, pp.109-122. Das,S.,Das,K.C.,Sundaray,B.K.andSahoo,C.K.,2019.StrategicHumanResource ManagementandEmployeeSatisfaction:ACaseStudy.Training&Development Journal,10(1), pp.55-67. Derindag, O.F. and Canakci, M., 2019. Strategic Human Resources Management in Innovative Firms.Anadolu Akademi Sosyal Bilimler Dergisi,1(1), pp.52-77. Kasemsap, K., 2019. Promoting strategic human resource management, organizational learning, andknowledgemanagementinmodernorganizations.InAdvancedMethodologiesand Technologies in Business Operations and Management(pp. 879-891). IGI Global. L'Écuyer, F., Raymond, L., Fabi, B. and Uwizeyemungu, S., 2019. Strategic alignment of IT and human resources management in manufacturing SMEs.Employee Relations: The International Journal. Lussier,R.N.andHendon,J.R.,2019.FundamentalsofHumanResourceManagement: Functions, Applications, and Skill Development. SAGE Publications, Incorporated. Stewart, G.L. and Brown, K.G., 2019.Human resource management. Wiley.
9Strategic Human Resource Management Storey, J., Ulrich, D. and Wright, P.M., 2019.Strategic Human Resource Management: A Research Overview. Routledge. Szymanski, E.M., Linkowski, D.C., Leahy, M.J., Diamond, E.E. and Thoreson, R.W., 2019. Humanresourcedevelopment:Anexaminationofperceivedtrainingneedsofcertified rehabilitation counselors.Journal of Applied Rehabilitation Counseling,24(4), pp.58-70. Tweedie, D., Wild, D., Rhodes, C. and Martinov‐Bennie, N., 2019. How does performance management affect workers? Beyond human resource management and its critique.International Journal of Management Reviews,21(1), pp.76-96.