Strategic Human Resource Management -Take Solutions Contents Introduction

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STRATEGIC HUMAN RESOURCE
MANAGEMENT
-Take Solutions

Contents
INTRODUCTION.....................................................................................................................3
BACKGROUND OF TAKE SOLUTIONS..............................................................................3
STEEPLED ANALYSIS...........................................................................................................3
OT-SW ANALYSIS..................................................................................................................4
BUSINESS STRATEGY...........................................................................................................5
HR STRATEGY........................................................................................................................5
HR POLICIES AND PRACTICES...........................................................................................6
CONCLUSION..........................................................................................................................8
REFERENCES...........................................................................................................................9
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Introduction
The HR professionals of the contemporary organizations are required to strategically align
their employees with the business strategies of the organization. This is important in the
context of the increased workload handled by the employees and the increasing competition
faced by the organizations. In this regard, the notion of strategic human resource management
becomes important since it enables the HR professionals to design the job roles, reward and
recognition policy, etc. in such a manner that both the employees and the organization are
capable of achieving their goals and strategies. This report will discuss various business
strategies and reveal the suitable HR policies and practices that can be practiced by the
organization called Take Solutions while addressing its threats and weaknesses identified
through environmental analysis.
Background of Take Solutions
Take Solutions is reputed for offering high quality “domain-intensive services in Life
Sciences and Supply Chain Management”. This implies that the main aim of the organization
is to deliver “full-service Clinical, Regulatory and Safety services” which are backed by the
use of innovative technologies for the purpose of offering maximum benefit to its users
(Takesolutions.com 2018). Take Solutions, headquartered in Chennai, India, claims its global
presence and actively conducts its business in not only the nations of Asia but also in the
nations of North America, South America and Europe. As soon as a business enters into the
global market, it faces a number of challenges. HR is a crucial component in the ability of
Take Solutions to succeed in a changing marketplace. This requires environmental analysis
(STEEPLED) to identify the external context and the opportunity & threats analysis for the
identification of the suitable business strategy.
STEEPLED Analysis
The findings from the interview with Take Solutions’ HR manager- Praveen are illustrated
below: The main social and cultural factors which affect the business of the concerned
organisation are language barriers, race, nationality and other differences between the
employees who are a part of the organisation. The major technological factor which affects
the business of the organisation is the demand of the industry to offer high-quality technical
innovations for the manufacturing of drugs and medicines. The major economic trend which
affects the business of the organizations are the demands of the employees for increased pay
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