This assignment delves into the significance of strategic human resource management (SHRM) for businesses. It highlights current trends such as training and development, global recruitment, and change management models. The effectiveness of HRM is emphasized as crucial for achieving long-term business objectives within a limited timeframe.
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STRATEGIC HUMAN RESOURCE MANAGEMENT
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INTRODUCTION Strategic human resource management is identify as an effective plan that facilities the organisation to run their business operations successfully. Main role and responsibility of HR manager is to hire knowledgable candidates and provide different benefits to them such as training and development, performance appraisal, compensation and many other. All these are highly essential for the enterprise to motivate and encourage their all staff members (Analoui, 2017). Thus, main goals of SHRM is to maximise employees productivity and performance by emphasising on enterprise obstacles that happen outside of human resources. This report is based on the case study of Megastores is one of the country's largest and most successful high street retailers. In this chosen organisation isVirgin Megastores, it is a supermarket chain in the UK. Such business is a type of retailing industry that provides grocery products to the customers at reasonable price. This assignment includes contextual and external developments which highly effects on HR strategy. Practical knowledge and contemporary theoretical are also determined in this project which influence of human resource development. Change management model is also explained in this study that benefited to the HR strategy. Contribution of HRM and HRD to sustainable business growth and performance is also discussed in this report. TASK 1 P1 Key current trends that can affect human resources HRM in the each and every organisation play vital and effective role for the success and growth of the company within predetermined period of time (Role of HR in Achieving Business Goals,2018). There are various current trends that can highly impacts the decision-making of human resource in an effective and efficient manner. In this HR manager of the Virgin Megastores can take appropriate decisions about recruiting and selecting talented workforce either inside and outside from the organisation (Banfield, Kay and Royles, 2018). Some recent trends which can impacts on the business performance are determined as below: Training and professional development:In current scenario each and every workers are educatedand having more skill to manage all activities and functions of the company without support from others. Due to maximising of rivalry they tries to develop an effective and accurate policies which assists the organisation to render proper training to entire workers. Beside this, business manager of the Virgin Megastores follow on-the-job training approach which includes 1
certain methodssuch as role playing, induction training and so on. Along with this workforce can increase their knowledge and skills easily. It is highly needed in their job because with the help of these they complete all tasks and activities within given time period. Benefits and compensation:It is another and important trend that can extremely effects on human resource. In this HR manager of the company has different roles and responsibility to provide different number of benefits and compensation to their employees as per its work and performance in the organisation (Beer, Boselie and Brewster, 2015). Therefore, human resource manager develop an effective policies and strategies to render more advantages to entire workers. For achievement of these, they can yield vacation and paternity leaves as well as provide different options to select time period of job as per their needs and convenience. Therefore, as an outcomes it maximise the satisfaction and motivation level of whole employees. Cross Border legal compliances:It is another and effective trend that defines the entire rules and legislation are applied by the company. Therefore, as an outputs human resource manager of Virgin Megastores select candidates from outside of the organisation and have to followed each and every regulations which are formed by the legal authority. Beside this, they have to fulfil entire laws and legislation like payment of taxes. Apart from this, business manager select candidates in which they have to yield custom duty and many other relevant taxes timely. It benefited to the company because there is no problem about legal factors. Global recruitment: In current scenario, employees of the each and every organisation are giving unique idea to the administrator. Therefore, human resource manager of the Virgin Megastores have taken an effective decision in order to hire talented candidates from outside of the business entity (Beugelsdijk, 2014). This provides different benefits and advantages to the company to accomplish their long term objectives and targets within predetermined period of time. To recruit and select knowledgable and talented applicants from the global marketplace, HR manager follows different kind of strategies and policies which help them to maintain strong position at international marketplace. P2Analyse both external and internal factors influence HR strategy and practice ofVirgin Megastores Internal and external factor both are important for the development and progress of company internationally. In order to achieve long term goals and objectives, HR Manager of the Virgin Megastores company create an effective practices and policies that can highly hinder on 2
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business performance and productivity. Thus, internal and external factor of the company that influence the HR strategies are explained as below: Internal Factors: Size of the organisation:There are mainly two main reasons why one can analysis a positive connection between business size and implementation of human resource management practices.In this First is identify, if company become longer, the requirement to communicate and decentralize between workers and department maximises. Theism in move, needs a few way of specialisation, formalization and standardizations of HRM (Boselie, 2010). On the other hand mostformalizedhumanresourcemanagementpracticesneedsconsiderablecostsof development. This outputs in a cost benefit for Sainsbury's, which is reinforced by the sufficient supply of the financial resources of different small organisation. Organisational Culture:Today's enterprise is generally dynamic or changeable as it poses maximum challenges and possibility to the policy makers and corporate practitioners. In order to know such dynamism which is vital to follow the objectives of organizational strategic. Organisational culture of the Virgin Megastores adapts overtime with aim to cope up dynamic variation as well as meet the modifying demands and needs of business in its quest for achieving competitive edge in its entire activities. Positive culture of the company support the manager to motivate their all workforce and run their business operations smoothly. On the other hand negative culture of business entity that kills HR practices effectively. External Factor: Governmentregulationandrules:Withtheintroductionofuniqueworkplace compliances quality and standards, HRD of the Virgin Megastores is perpetually under pressure in order to stay within any kind of law (Boxall and Purcell, 2011). Such types of legislation highly effects all process of HRD, considering hiring, termination, compensation, training and so on. Without corresponding to such law a business entity can be penalised largely if it was not good enough could reason the organisation to close up. Workforce Demographics:It is another external factor that highly influenced on the HR practices and strategies. As a old groups retires and an unique group enters the entire employees, in this HRD must look for different ways in order to attract new candidates. In this they must recruit in a various forms and serve certain kinds of compensation packages or benefits that work 3
and perform for new generation. From this, they must provide an effective working environment to how this group works. Technological advancements:It is identify as an external factor that effects when advanced technology are innovated the human resource department with aim to save their money and time. In Sainsbury's, a Job that applied to take 2 to 5 persons could be cut to one finished by an individual. Technology is modifying the way to do their business operations easily. Economic conditions:It is known as a biggest and main external factor that impacts in the designof the actual economy. It not only effects on talent pool but also it might be influenced of its capability to recruit anyone at whole (Buller and McEvoy, 2012). It is set up against the conditions of economy is not only understand what's occurring in the globe around them but also develop an effective plan or strategies for when there is condition of economic downturn. In this Virgin Megastores can create due in a not good economic system if they have a sufficient capital and plan to battle the harsh atmosphere. TASK 2 P3 Application of relevant theories & concepts relating to growth & development SHRM The main aim and motive of strategic human resource management is to provide motivation to the entire workforce. There are different concepts and theories which is apply by the Virgin Megastores to the development and growth of SHRM. Some approaches and theories are determined as below: Models or Theories: Marching model:It is a model of SHRM which is mainly emphasis on accurate matching of business strategies and structure with human resource management and policies. Such type of theory tries to acquire set between the internal policies and strategies of HR and external strategies of company in order to accomplish better outcomes in the enterprise. Control based model:It is another and important model or theory which is mainly relay on HR strategies or policies in which the control scheme and employee management are in the guidelines in order to accomplish productivity and performance of enterprise (Chen and Huang, 2015). In this activities and behaviour of employees are highly observed to see the effectiveness of business goals and strategies. Potentials capacity and capabilities of workforce should be used as per these theory. 4
Resources based model:These type of model that define effectiveness of business based on the performance of capabilities and resources of workplace. In theVirgin Megastores, there areclassifiedcompanyresourceswithindifferentcategoriesincludinghumanresource, technological and financial. Such theory emphasis on attaining application of strategies and organisational goals by enhancing capabilities and skills of HR in the enterprise. It benefited to the Virgin Megastores to achieve competitive edge within predetermined period of time. Integrative model:These type of theory or model mainly emphasised on two methods including reward motivation effect and management and strategy relationship (Huselid and Becker, 2011). Further, it focuses on enhancing performance of employees by rendering them accurate training and development facility. Concepts or approaches: Universalistic approach:This type of approach identifies that there are different policies and practices of human resource management which can track to positive outputs in business entity within various circumstances. There are various number of human resource activities including training and development, recruitment and selection, motivation and leadership and many other. In this Virgin Megastores manager use effective and appropriate strategies for do all activities easily. Contingency approach:This method denies the one of the best and universal practice approach. As per this human resource policies that should be including business strategies and policies. Thus, such type of practices can be chosen by taking better decision. Configurational approach:It is an integration of Universalistic and Contingency methods as in its covers one of the foremost practices for HRM and also take adjustment of different strategies and policies of organisation. Therefore above discussed all theoriesand conceptsare important for theVirgin Megastores to maximise their sales as well as gain maximum number of competitive benefits within predetermined period of time (Jabbour and Santos, 2017). It is also essential to motivate entire workforce and accomplish their long term objectives and targets in limited time period. Thus, it support the business entity to develop best strategies of human resource management. 5
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TASK 3 P4 Appropriate changemanagement models to support HR strategy Change is more essential and important part for the each and every organisation to achieve long term targets and goals within preset time period. It is important that enterprise must be ready to accept all variation for developing business operations and functions in the international place. Modification is common which establish by entire organisation, it is mainly related with size, age and industry (Jackson, Schuler and Werner, 2016). In relation to the direction of business, there are few regulations which are require to be applied viaMegastores for acquiring the maximum benefits. In this, different change management model that are given as below: Lewin's change management model:This type of model was developed change that considering three essential level namely unfreezing, refreezing and changing. Process of change processing activity that alteration is essential then forwarding towards any wanted way of behaviour. The 3 model of change are determined as below: Unfreeze-It is identify as a first phase which includes readying of business entity in order to have some modification which are needed and exist down actual status before processing any innovative approaches of running. In addition to this, this model includes to make betterment willingness and preparation of single persons to change via raising recognition for turn from the actual comfortableness to changed conditions. This phase is essential in cognisant regarding needs for alteration as well as maximising motivation and performance level for evaluatethe unique working approach in order to increase better outcomes.For example: Virgin Megastores use this model which help to fully bring out the state of affairs and to define way a modification procedures is put into force. An an output of clear and accurate communication workers are more happy in order to accept to the innovative change of guidance.Unfreeze is support HR strategy, in this human resource manager of the Virgin Megastores is advisable in order to involves workers so that they can take a better a constructive method to the change procedures. Therefore it is essential and beneficial for the company to motivate their employees by communicating accurate information about the changes that are arise in the organisation. Change-It is identify as a second phase and it is respected as transition as well as execution of variation. It consist an acceptance of innovative approaches for finishing things 6
effectively and essentially (Kang and Snell, 2018). At this level, an individual are unfrozen and analysis the variation for acquiring the positive outputs. In addition to this, there is highly need of certain planning, promote an engagement of group for approve modification and better action. Because of numerous uncertainties and transaction are difficult. Workforce cannot acquire regarding change in easy manner they necessity few time to realize and also evaluate alteration at workplace. Along with them, it is a duty and role of Virgin Megastores manager in order to interpret benefits to occurrence to worker so that they can prompt towards it. For example: in order to accept the variation and participates to making is more successful, employee of the VirginMegastoresrequiretoknowhowitwillessentialforthem.Changesinthe organisation support the human resource strategies in order to unify and direct the actions and behaviour of all staff members and their entire department as per the requirements of company. Refreeze-When change are seized a form and individual have embraced unique working approach then in this reason company are set up to be refreezing techniques. At this level, individual shift from transition level to equilibrium or stable. In order to very much comfortable, citizenry create better kinship with other group. This phase is eventual and under which someone internalizes and take new approach of alteration as well as working also. In order to reinforcing as well as unique activity of working, then workforce should be rewarded, render optimistic reinforcements and also established them in a better way (Kim and Wright, 2016).For example: this stage needs to support employees and the business institutionalize and internalize the modifications. It assist the human resource strategy to make sure that all changes are applied all the time period, and they are organized into everyday firms. With an unique sense of stability, workforce feel comfortable and confident with the innovative ways of working. Thus, it is essential and important for the company and HR strategy to accomplish better results within predetermined time duration. All these part of such model are important for the Virgin Megastores but in order execute these model company has to follow some ways which are determined as below: ï‚·Modification interpersonal, culture and climate of an enterprise. ï‚·Occurrence in behaviour, attitude and skills of workforce which are running inVirgin Megastoresenterprise.ï‚·Modification in actual structure, system and process of business entity. 7
McKinsey 7-S Model:It is another important ad effective technique's which examine structure of organisation via observing towards 7 internal elements in order to identify ifthe business organisation to execute aims and objectives in an effective way. 7 components of such model are determined as below: Strategy-It is depict as an effective plan which implemented to acquire rivalry and also accomplish to objectives or targets. It belong to the productivity of step and future plan for the growth of company.It is a plan which is developed byVirgin Megastores in order to attain sustained competitive benefits and compete in the marketplace successfully. It assist the company to accomplish better results and is reinforced by strong values, mission and visions. Structure-It is taken up to style in which organisation is divided and also use a accurate structure for complete its all activities in systematic and appropriate manner (Lawler, 2015).it represents the way company unites and divisions are organised and covers the data of who is responsible to whom. In addition, structure is refer as a business chart which is most easy and visible to modify components of the framework. System-In context to acquire all activities accomplished approach under which regular tasks and projects are to be executed.It is identify as an effective procedures and processes of theVirgin Megastores, which reveal companies routine activities and how judgements are made. This are the business area that identifies how firm is completed and it should be the more emphasis for administrator during business changes. Shared values-It will bring up to main or foremost values of business entity as per its work and runs.It is a core and main part of the McKinsey 7s model. These are the standards and norms that lead workers behaviour and organisational actions. Style-In this ways leadership as well as modification are selected and also established in an effective and accurate manner.It represents the way theVirgin Megastores is handled by upper level management, how they are act, what type of actions do and their symbolic values. In addition. It is a introduce as a management style of business leaders. Staff-It is a main and foremost part for the success and growth of the company.It is another components that related with what kind and how many workers an enterprise will require. And how they will be hired, motivated, trained and rewarded. Thus, it is the 8
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role of manager is to fulfil all needs of the employees and achieve competitive advantages within predetermined time period. Skills-Competencies and knowledge which have via workforce those working and functioning in the Megastores business entity.It is identify as an abilities that business's workers perform and work as well. During changes in theVirgin Megastores, the question become develops of what competences the organisation will actually require to reinforce its unique strategy or structure. TASK 4 P5 Measure taken to monitor and measure HR policies A Megastore is a type of retail enterprise which perform and work its all functions with having motive to achieve long term goals and targets. In the organisation, large number of departments are work and give their full involvement in the success and growth of company. In this human resource department of the company play vital and foremost role in controlling and managing all activities which are perform by the workforce. HR manager of the company have different functions including recruitment and selection of candidates, performance appraisal, providing accurate training and development and many other benefits (Mello, 2016). All these are important and essential for the success and development of enterprise in different level. There are some methods which are applied by the company in order to measure human resource policies. Some approaches are given as below: Metrics:It is one of the main and essential approach that assist in order to evaluate effectiveness and better outcomes of HR policies. This approach also support the HR manager to accomplished long term objectives and goals of company within predetermined period of time. Thus, this type of approach is followed by the Megastores with purpose to assess the reliability or dependability of their recruitment and selection activities. In this respects, they are needed to analysis the entire process from selecting applicants to its recruitment in enterprise. It supports to define such problem which decrease the capability of their recruiting activities which supports to accomplish the better outcomes. Analysis:From mentioned measure seen that recruiting is maximum so, requirement to follow effective and better methods via they can save sufficient amount of capital in recruiting of knowledgable and talented applicants for specified job (Purce, 2014). For example: Main aim 9
and motive of business entity is to enhance their sales and revenues so, recruitment of talented workforce support firm to accomplish their wanted targets. Impacts:In SHRM activity there is highly requirement to determine such elements in which company accomplished better outcomes from their specified methods. For example: In Megastores business, online sales and revenues are accurate in form of figure which display not requirement to bring different variation. P6 Effectiveness of HR management in achieving business objectives The main and foremost role of human resource department is to encourage their work and activity with passion within help of other person. It supports to accomplish different things in an enterprise including lack of conflict, positive and friendly working environment,accurate communication and coordination and many other. All these positive effects are attained by the company only when effectively handle the various activities of human resource according to the variation that happen in the marketplace. It is essential and important of the HRD of specified enterprise is to bring variation in their approaches and strategies over time duration to contributes theirallactivityinsustainableproductivityandperformanceofworkforceaswellas development of business operations and activities in marketplace (Schuler and Jackson, 2015). In this workforce of the enterprise play vital and effective role in the progress and success of business. Effectiveness of human resource management and development for sustainable growth are highly depends on different factors which are determined as below: Improvement of existing skills:In order to plan an effective training and development programs that help the employees to maximise their skills and knowledge about particular matter of company. It also support to decrease individual issue on each and every workforce which highly involves in improvement of their attributes or personality. Further, it will also assist to accomplish the employee trust towards business functions and activities which supports to enhance their productivity and performance on daily basis. Maximum participation of workers:It is the role and responsibility of the HR manager is to provide chances to the employees in the decision making process. It is highly essential for them to achieve better outcomes for the organisation (Truss, Mankin and Kelliher, 2012). In this respects, human resource manager ofVirgin Megastores is needed to provide incentives to the employees as per its performance which render better possibility is to obtain the maximum participation of workers in activities. It will also renderedas the encouraging and motivating 10
approach for other workforce as they have chances is to earn maximum advantages.It is to create the strong position in mind of upper level management and acknowledged for their try and activity in organisation. CONCLUSION From the above mentioned report it has been concluded that strategic human resource management is important part for the all business to motivate their all employees as well as gain competitive advantages within predetermined time period. Key current trends such as training and professional development, global recruitment and many other that highly effects on the human resource practices in an effective and efficient manner. Internal and external that also effects on the human resource practices and strategies of company. In order to overcome issues in setting of effective practices company use different approaches and models of SHRM. Change management model is followed by the enterprise which is essential for the growth and development of company within predetermined period of time. Effectiveness of HRM is also important and essential for the enterprise to achieve long term objectives and targets in limited time duration. 11
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