Strategies of Human Resource Management in the Workplace

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Added on 2022/12/15

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This report provides an overview of human resource management strategies, focusing on their impact on organizational success. It covers various aspects, including workforce planning, the influence of external and internal factors, and strategies for managing emergent situations. The report also explores vertical and horizontal alignment, HRM strategies to achieve organizational objectives, measures to address skill shortages, and innovative approaches to recruitment and retention. The conclusion emphasizes the importance of HRM in fostering employee relationships and enhancing overall business operations. The report uses the example of the Phoenix Group to illustrate the implementation of these strategies.

Managing human resource

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 INTRODUCTION 3
 TASK 3
 Strategies of Human resource 3
 External factors that affect HRM Strategy 4
 Internal factors that affect HRM strategy 5
 HRM strategy to manage accommodate emergent situation. 5
 Vertical alignment 6
 Horizontal alignment 6
 Workforce planning attached with HRM strategy. 6
 HRM strategies that support in achieving organisation objective. 7
 Measures to support the business long-term skills shortages. 8
 HRM considerations to re-engage and restart the working relationship. 8
 Innovative approaches of recruitment as well as retention. 9
 CONCLUSION 9
 REFERENCES 11
Table of content

 The human resource management is effective approach
for the success of business. This is the strategical
department who manage the people, employee as well
as management in the organization. The whole
efficiency and operations is depend on the function
and department of human resource
INTRODUCTION

 The strategies of human resource management
contributes in fulfilling overall business aim of
company while managing talented workforce who
perform whole businesses process of enterprise
(Chandra, 2018). The whole direction or aim of human
resource strategy in its specific areas like appointing,
compensation, perks, training, development and
performance appraisal. The strategy of HR goal
towards direction in achieving long term aim of entity.
Strategies of Human resource

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 The external factors affect several strategies of
human resource in the company in terms of short-
term impending issues. The external forces are those
that influence business process from externally
(Charlwood, 2017). It influence whole performance
of company, the external factors that influence HRM
strategy of Phoneix Group are-
External factors that affect HRM Strategy

 There are several internal factor that influence the
strategy of human resource of Phoneix Group. Internal
factors are those who affect the operation of business
internally. This impact the overall growth of company
and its profitability. The internal factors are as follows-
Internal factors that affect HRM strategy

 In context of Phoneix Group, HR utilise following
strategy in its company to enhance its overall strategy.
 Classical approach-As per this approach strategy
will implement in formal as well as rational process. In
this approach outcome is examine on the basis of goal
achievement of entity. Strategy is divisible in respect of
corporate, business and operational level.
Approaches in formulation of HRM strategy.

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 Here is the role of HRM strategy in accommodate
emergent situation in Phoneix Group.
 The human resource engage in planning of operations
so that they can identify actual need or requirement of
staffing who will deliver productive result in favour of
company.
HRM strategy to manage accommodate emergent
situation.

 Organisation goal along with objective determine its
strategies. In a strategy the vertical alignment facilitate
those strategies which are directly link with in
accomplishment of entity values, vision and mission
(Ketchen Jr, 2017).
Vertical alignment

 In strategy of horizontal alignment, this will facilitate
overall strategies aligned all together that does not exist
in any type of competition. For example health care
enterprise along with strategy to degrade the staying
length of hospital. That will ensure reduction the the
level of competition (Kljajic-Dervic, 2017).
Horizontal alignment

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 The workforce planning is one of the systematic
approach to examine or strengthen entity current as
well as future workforce management that aids in
achieving aim and vision for establishment future brand
name of company.
Workforce planning attached with
HRM strategy

 In context Phoneix Group, strategies of human resource
aims towards in accomplish entity goal. They are
accountable in execution of several strategies along
with recruitment and retention (Traoré, 2018). Highly
talented workforce is recruiting by human resource to
promote value to several business process for
successfully completion of entity objective.
HRM strategies that support in achieving organisation
objective.