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HRM as a strategic activity in the UK

   

Added on  2020-10-23

11 Pages3572 Words205 Views
Theories and processesrelated to HRM as a strategicactivity

Table of ContentsINTRODUCTION...........................................................................................................................2MAIN BODY...................................................................................................................................31. “Resource based view” adapted that help in achieving competitive advantage.....................3MAIN BODY ..................................................................................................................................6Two major threats currently faced by organisations operating within the United Kingdomlabour market, using evidenced examples..................................................................................6CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................101

INTRODUCTIONHuman resource management is the approach that is being used in every company forconducting recruiting, selecting, inducting, providing training and development, performanceappraisal activities with the aim of hiring or firing staff in the organization. It also manages thework culture and people. They have to maintain employee relation, payroll, motivation andevaluating the performance of employees by applying 360 degree feedback. The present reportwill cover the details about strategic HRM function's which are been carried out by the retailsector organisations.It deals with the issues that are related to compensation, salary, safety and security ofemployees in the organization. HRM plays an important role in organization by managing thework and enhances employee engagement in the company. It handles a different functions likemaintaining relationship with employees, provides them safe working environment etc. It has tocoordinate all the activities of the organization. It hires people based on the talent management of2

the company. Review based resources are used to analyse the competitiveness in themarketplace.MAIN BODY1. “Resource based view” adapted that help in achieving competitive advantageResource based view is the theory that is used to determining the resources that haspotential to achieve the competitive advantage of the organization. The resources are fully usedby the company to gain sustainable competitive advantage. It focuses on internal and externalresources that is being used in the company that helps to identify those assets, competencies ofthe firm that deliver competitive advantage. Achieving competitive advantage is the main part ofthe company to achieve success. Resource based view offers strategic resources that is used forgaining competitive advantage. The resources that are used in this view is not gaining equalimportance and they are not able to become the proper resource for the company. Thesustainability of competitive advantage depends on the resources that is being used by the firm.In this, understanding the relationship between sources that is being used and strategies that isimplemented is difficult (Cascio, 2015). Management of the company have to invest in learningto develop and maintain the resources so that it will deliver competitive advantage. As Resourcebased view help in achieving the competitive advantage for the company. Human resourcemanagement by using resource based view achieve the competitive advantage. In resource based view, strategist select the strategy or competitive advantage and use theresources fully so that it can gain the best opportunities in future. Strategic resources helps inbuilding the network between the assets and capabilities that are adopted to achieve possiblecompetitive positions. In this view, many managerial task is used to identify the potential keyresources. Evaluation of these resources is being done to fulfil the criteria of using the valuableresources effectively and efficiently. Some resources are so rare that they are not available toother competitors. Resources are of the nature that is not easily implemented by others in themarketplace. Resources are not replaced by another resources. Company can achieve thecompetitive advantage by applying many models (Noe and et. al., 2017). As capabilities alsoplays an important role in achieving competitive advantage. For achieving competitive advantageit has to offer the market offering that are either achieved to get superior value of resources.Resources helps in achieving the competitive advantage through price positioning, quality,innovation through which it can be achieved by the firm. 3

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