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Strategic Human Resource Management

Exploring the concept of globalisation and its implications for HR function in multinational corporations (MNCs), and examining strategies used by MNCs to manage SHRM challenges.

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Added on  2023-01-11

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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.

Strategic Human Resource Management

Exploring the concept of globalisation and its implications for HR function in multinational corporations (MNCs), and examining strategies used by MNCs to manage SHRM challenges.

   Added on 2023-01-11

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Running head: Strategic Human Resource Management
Strategic Human Resource Management
Name of the Student:
Name of the University:
Authors note:
Strategic Human Resource Management_1
Strategic Human Resource Management1
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.
Strategic Human Resource Management_2
Strategic Human Resource Management2
Introduction
In the contemporary business world, the human resource management concept is
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
fosters competition in the market and therefore human resource development helps the
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 performance of the organization (Das et 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
Strategic Human Resource Management_3

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