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The Role Of Human Resource management

   

Added on  2020-01-15

14 Pages4017 Words62 Views
STRATEGIC HUMAN RESOURCEMANAGEMENT
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................2Impact of leadership development on the strategic HRM goal of Virgin group....................2Impact of reward management on Virgin Group SHRM goal...............................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9APPENDIX....................................................................................................................................11Individual reflection.............................................................................................................11
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ILLUSTRATION INDEXIllustration 1: Fiedler's contingency model......................................................................................31
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INTRODUCTION Strategic Human Resource Management (SHRM) is the practice of linking the HR(Human Resource) functions of the enterprises with the long term or tactical goals of firm(Defining SHRM, 2016). In today's scenario, different HR functions are done by the strategicpartners as they are playing very important role in terms of attaining the long term goals andobjectives of enterprises. For the present report, Virgin Group is selected. It is the Britishmultinational firm which was founded by Nik Powell and Richard Branson in the year 1970. Thefirm has around 50,000 employees who dedicatedly work towards the objectives of corporation.Furthermore, the corporation offers range of products and services to its buyers such as banking,internet, jewelry and radio etc (Virgin, 2016). For the present report, two HRM (HumanResource Management) topics are selected which are reward management and leadershipdevelopment. The report will showcases the impact of these selected topics upon the strategicgoal as well as employee engagement practices of Virgin group. Impact of leadership development on the strategic HRM goal of Virgin groupLeadership is the activity of influencing the people. The today's competitive scenariodemands for highly committed and motivated leader who plays very critical role in the task ofattaining the tactical goal of company (Fengyu and Yizhong, 2006). The success of any companycompletely depends upon its leader or the type of leadership style which it uses. A manager willbe considered as effective in managing its employees, if it manages people as per the situation. 2
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