Strategic Human Resource Management Report

Added on - 21 Apr 2020

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Running head: STRATEGIC HRMStrategic Human Resource ManagementName of the StudentName of the UniversityAuthor note
1STRATEGIC HRMExecutive SummaryThe report helps in understanding the implementation of strategic HRM in the organization. Theimportance of the SHRM has to be discussed as this will help in analyzing the purpose of theSHRM activities in the organization. The contribution has to be identified as well in theorganizations. The proper analysis of the business factors helps in analyzing the planning ofHRM in the organizations.The main aim of the report is to identify the requirements of the HRM in the organization and thepolicies of the organization relating to HRM have to be discussed as well. Proper development ofplan relating to HRM has to be discussed as this will help in understanding the impact of thedifferent management and leadership styles in the entire organizations. The foremostrationale ofthe report is to comprehend the impact of the regulatory requirements that includes both legaland ethical requirements as this will help in understanding the effectiveness of the HRM.The conclusion will be based on proper analysis of the effectiveness of HRM in the differentorganizations and this will help in examining the effectiveness of the organization in the entirecompetitive industry. The impact of the regulatory such as ethical and legal requirements ofpolicies of human resource management has to be properly analyzed as this will help inunderstanding the effectiveness of the HRM in different companies.1
2STRATEGIC HRMTable of ContentsIntroduction......................................................................................................................................41. Role of strategic human resource management...........................................................................51.1 Nature and importance of strategic management in organization.........................................71.2 Role and purpose of activities related to strategic human resource management inorganization.................................................................................................................................91.3 Evaluation of relationship of strategic human resource management with other functionalareas...........................................................................................................................................102. Human Resource Planning........................................................................................................112.1 Different business factors essential for human resource planning......................................122.2 Assessing the requirements of human resource management in a given scenario..............132.3 Development of Human Resource plan...............................................................................163.Role of legal, ethical issue in developing human resources policy...........................................173.1 Purpose of Human Resource Policy....................................................................................193.2 Impact of regulatory and legal requirements on human resource policies..........................203.3 Impact of ethical requirements on Human Resource Management Policies.......................214. Planning of effective strategies of human resource management.........................................214.1 Impact of organizational Strategy, structure and culture on the management of humanresources....................................................................................................................................224.2 Critically monitoring effectiveness of HRM.......................................................................232
3STRATEGIC HRM5. Analyzing leadership and management theory..........................................................................235.1 Analyze the impact of theories of management and leadership on developmental strategyof organization...........................................................................................................................245.2 Creation of leadership strategy that supports mission, vision, values and objectives oforganization...............................................................................................................................255.3 Evaluation of leadership strategy that supports mission, vision, values and objectives oforganization...............................................................................................................................26Conclusion.....................................................................................................................................26References......................................................................................................................................273
4STRATEGIC HRMIntroductionProper implementation of the strategies related to modern HRM and developing is themain purpose of the SHRM. There are different organizations that integrate the strategies relatedto SHRM with the strategies of their industry as this will help them in achieving theorganizational goals in shared vision. In this report, the importance of it is mentioned. Therationale of the strategic HR activities has to be properly analyzed as this will help in evaluatingthe proper contribution of the HR management practices in achieving the managerial objectives.The major aim of the report is to analyze the different factors of businessthat underpinsthe planning of HRM in the organization. The requirements of the human resource managementhave to be analyzed in a scrupulous situation in the entire organization as this will help indeveloping a proper human resource plan for the entire organization. The proper evaluation hasto be done in order to comprehend the contribution of HR planning in meeting directorialobjectives. The majorrationale of the report is to examine policies of HR management in theorganization. The impact of the regulatory requirements is essential in nature as this will help inanalyzing impact of the structure of organization on the HRM of the organization.The structure of the report will include three sections wherein the policies, importance ofthe SHRM are discussed. The HRM plan has to be formed as this will help in analyzing thedifferent impacts of the regulatory requirements on the policies of the HRM. The properexamination has to be done in order to understand as well as monitor the effectiveness of theorganization in order to provide proper recommendations to recover efficiency of themanagement of it in the association.4
5STRATEGIC HRM1.Role of strategic human resource managementIt is difficult to manage such a large workforce and the organization has to identifydifferent techniques for gaining the objectives of the organization by focusing on the strategicHRM1. The SHRM will help in reducing the different negative impacts on the organization asthese can have huge negative impact on the work performed by the employees in theorganization. This has the proper capability to positively affect the performance of the businessas the presentation along with skills of the employees2.The HR manager of respective company has to properly implement people managementin the organization as this will help them in achieving the long term objectives. The mainpurpose of the HR manager of the companies is to retain the employees of the company byproviding proper training and development as this will help in improving the entire businessperformance of the company.There are different features of HRM approach that includes proper polishing as well asimprovising the talent and potential of the individuals who are working in the organization. Thisis the duty of the HR manager of the company to improve the quality along with the contentmentlevel of the employees in the entire organization. The Harvard framework of HRM has to adoptby different organizations as this comprises of six components that are critical in nature that will1Akingbola, Kunle. "A model of strategic nonprofit human resource management."Voluntas: International Journalof Voluntary and Nonprofit Organizations24.1 (2013): 214-240.2Alfes, Kerstin, et al. "The link between perceived human resource management practices, engagement andemployee behaviour: a moderated mediation model."The international journal of human resource management24.2(2013): 330-351.5
6STRATEGIC HRMhelp the human resource manager in understanding the interests of the stakeholders as well as thedifferent policies of the HRM as well. In order to retain the skilled employees in theorganization, it is essential for the HR manager in the organizations to implement the appropriatestyle of approach that will help in adopting a proper style as to manage the work of theemployees.6Interest of stakeholdersCommunity GovernmentSituationalfactorsLabor marketBusiness strategyWorkforcecharacteristicsPolicies in HRMReward systemWork systemOutcomes inHRMCompetenceCommitmentLong term costWell beingEfficiency inorganization
7STRATEGIC HRMFigure 1: Harvard Model(Source: Created by author)The employees of the respective company who are assets of the company has to beretained properly as they are skilled as well as talented and the competitors in the market willattract the skilled employees of GPL by providing them with different offers as well as otherincentives. Therefore, it is the duty of the human resource manager to retain such employees byvaluing their work and their efforts in the works that are performed by them. The humanresource manager has to take proper initiatives in gaining positive impacts on the entireorganization as well as on employees.1.1 Nature and importance of strategic management in organizationStrategic HRM is the process of implementing, formulating as well as evaluating thedifferent strategies of business in order to attain the objectives of the organization. Plannedmanagement is the manner wherein the organizations plan in order to deal with different aspectsof the problem, perception of the management. Strategic management is essential in nature indifferent organizations in order to retain the employees in the organization and this will help inachieving the goals of the organization as well.The strategic management is used in the organization in order to attain the differentorganizational objectives by strengthening the relation between the employer and employees inthe organization. It helps in proper identification as well as exploitation of different opportunitiesin the organizations. The strategic management will help in providing a proper view on theproblems that is faced by the management of the association. The SHRMof the differentorganizations requires understanding the different cross cultural factors that are involved in the7
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