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Models of Strategic Human Resource Management

Added on - 23 Jul 2020

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STRATEGIC HUMAN RESOURCEMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Effects of structure and culture on human resource management strategies..........................12. Importance of financial resources...........................................................................................2TASK 2............................................................................................................................................31. Impact of government legislation on human resource management strategies.......................3TASK 3............................................................................................................................................31. Different models of Strategic Human Resource Management...............................................32. Contribution of HRM in achievement of company's goal......................................................4TASK 4............................................................................................................................................51. Factors considered in preparing strategies..............................................................................52. Key elements of HRM strategy...............................................................................................6TASK 5............................................................................................................................................71. Development of Strategic Human Resource Management strategy.......................................72. Benefits of Strategic Human Resource Management strategy................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONHuman resource management (HRM) is the most important part of business, it works torecruit skilled employees and retain them in the workplace for longer duration. HRM is thepractices of business in which managers try to use human resources efficiently so that goal of thecompany can be accomplished (HofstetterandHarpaz,2015). Present report is based onEasiClean Plc, it is engaged in production of soaps and detergents. Current study will discusseffects of structure and culture of organization on HRM strategies. It will explain factors thataffecting HRM practices of the firm. Furthermore, study will describe contribution of humanresource management in achieving goal of the entity.TASK 11. Effects of structure and culture on human resource management strategiesOrganizational structure is the system that is used by the firm to manage its employeeswell. There are mainly three types of structure: Tall, flat and matrix. In the tall structure firmdevelops hierarchy and employees cannot directly communicate with the higher authorities.There are many levels that they have to follow. On other hand flat structure is another type ofstructure in which workers have power to communicate directly with their higher authorities.Both these structure plays significant role in the business unit (Hoque,2013).Organizational culture emphases of values and atmosphere of the workplace. There arevarious types of cultures such as task, role, person culture. EasiClean Plc is the multinationalfirm that follows tall structure and task organizational culture. Both these aspects impact on theoverall HRM strategies of the cited firm (Macfarlaneandet.al,2011). Tall structure helps thefirm in maintaining professionalism in the workplace and resolving conflict situation in theworkplace. Task culture of the company supports in completing the task in effective manner. Ifculture of the firm is good and it is giving values to its employees then it encourages workers andthey perform their duties well. By this way strategies make by HR mangers gives positive resultto the firm and it helps in enhancing revenues of the business unit.Organizational structure determine role, power and responsibilities of each person in theworkplace. It helps in determine that how information can be flowed in the organization. Tallstructure of the EasiClean plc supports the cited firm in managing employees well and makingthem aware with their responsibilities (Maley,2011). It helps in maintaining workplaceenvironment so that they can perform their duties well. Structure provides clear path to the1
workers so that they can manage their work in the organization accordingly. Organizationalstructure assists in developing collaboration between different departments so that productivityand efficiency of business unit can be improved.Each firm has its own values, beliefs and working culture. It impacts on overallperformance of the firm to great extent. Organizational culture supports the EasiClean plc ingaining competitive advantage and brining innovative ideas in the workplace. EasiClean plc paysmore attention on its employees and always develop healthy culture in the organization. Thathelps the firm in enhancing moral of employees by this way they perform their duties well andcontribute well in achieving goal of the company (Kim,andet.al,2016). This organizationalculture leads the EasiClean plc in improving its level of performance and Contributing well inachieving organizational goal. That is the way through which company becomes able to gainpositive output from its HRM strategies. Because organizational structure and culture impact onsatisfaction level of employees. By this way they feel happy and perform their duties well.2. Importance of financial resourcesFinancial resources play significant role in the business unit. It helps the firm inconducting its operations in smooth manner (KohandSebelius,2010). Money is life blood of thefirm that aids in making new strategies and implementing changes in the workplace effectively.Finance is required in the organization for conducting market survey, implementing technologiesand managing risk as well. There is strong relationship between finance and HR activities. Inorder to make effective HR strategies management ofEasiClean plcrequires to conduct marketsurvey so that they can identify needs of consumers and can make planning accordingly. Thatneeds huge investment which is only possible by having good financial resources. Companyhires skilled employees in the organization those who can perform well. Recruitment, training allactivities need financial resource support so that planning can be executed well and it cansupport in meeting with the organizational goal of the entity(Ledford,BensonandLawler,2016).EasiClean plchas to make changes in its HRM practices time to time as per the changesin market condition. If government changes the legislation then it has to modify its environmentaccordingly, if new technology come in the market then also cited firm has to create workplaceaccordingly so that employees can perform well. All these changes require financial support.2
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