Strategic Human Resource Management

STRATEGIC HUMAN
RESOURCE
MANAGEMENT

TABLE OF CONTENTS
MAIN BODY...................................................................................................................................3
REFERENCES................................................................................................................................8

MAIN BODY
Human resource management is being defined as the approach of the business through
which the company hires the people in order to fill the vacant position within the company. The
HRM is very important and crucial to make the management of the company effective and
efficient. The HRM starts with recruiting the employees for the vacant position within the
company and till the time they leave the company. The current essay will outline the strategic
HRM and the use of the balanced scorecard as a part of the strategic management. In addition to
this the different management strategies and different organizational capabilities will also be
highlighted within the essay.
The strategic human resource management that is SHRM is being defined as the process
of developing and implementing the different HR programs which address the business problem
and contributes within long term business (Delery and Roumpi, 2017). The SHRM is very
important for the business as this will assist the company in managing the working in effective
and efficient manner. The SHRM is very essential for the business to manage their operations.
The reason pertaining to the fact is that the concept of SHRM assists the companies in achieving
the knowledge and strategic goals of the company. In addition to this major strategic advance is a
system and maintaining the level of the organisation and to achieve the organisational goals.
There are different HR policies which assistant provide good base to the company in making
organisational strategy is more effective and efficient. Hence for the success of the business it is
very essential that a strategic human resource management is being implemented in effective and
efficient manner.
Under the strategic human resource the balanced scorecard can also be effectively used as
a framework to take effective decisions for success of the business. The balanced scorecard is a
performance management framework which is used for strategic decisions for the success of the
business. This balanced scorecard does not only set a strategic goal but it also provide a method
for monitoring and evaluating the progress done by the organisation in the direction of attaining
the goals of the business. In addition to this the balanced scorecard is referred to as a method of
management technique which is designed in order to provide a view to the company from the
both internal and external perspective. This balanced scorecard as the name suggests provides a