Human resource management
Strategic Process Basically, two SHRM is a process that is inclusive of two phases of strategy plan: •
Strategy formulation: The method of making decision in consideration with the goals and objectives of the organization.
•
Strategic implementation: The process of aligning the foundation and system in respect of combining the strategy with the accomplishment of objectives of the organization
Objectives and aim of SHRM •
Workforce mobility: Developing the workforce by the various plans of strategic methods such a cross training helps to improve the personnel.
•
Succession planning: The employee who reflect aptitude and promise to work with higher level of training and development.
•
Employee engagement: Initiating the enthusiasm and creating excitement to work with support of various strategic implementation empowers the manpower.
Aligning HR strategy to business strategy •
Impact of business strategy: There are instances when the working in business cause affect in decision making and strategy formulation in HR department. For example, when there is merger and acquisition of a company, probability of increase and decrease in manpower may affect the SHRM.
•
Talent Strategy: Factors such as pooling out talent and skilled employee for the proper working is vital in context with the strategy of the organization.
•
Improved results: When the business objectives are compiled with the HR plans, the goals of profit mazimization, growth factor etc can be achieved.
TO BUY COMPLETE ESSAY WRITING Visit us or Contact us:
Email help@instantessaywriting.com Contact us-+1 2139295632 Scoring A+ Grade in Essay Writing is a piece of cake. Get Essay Writing at pocket friendly rates with Instant Essay Writing.
Contemporary issues affecting SHRM •
Technological issues: With this external factor, the HR department can lay down effective methods to save and downsize the money. The resultant issue cut down the manpower employed with the use of machinery.
•
Diversified workforce: Each and every individual affects the organization in a way as with the variety in attributes of the behavior, working pattern and lifestyle it is rather more challenging for HR team to formulate strategies.
Cont.. •
Government policies: This factor enable the Human Resource department to work in pressure because ODF constant change in policies. The regulations affects the training, hiring, compensation, termination etc.
•
Unstable economic condition: This factor affects the enterprise when the existing and change in policies are not in favor. It includes demand and supply, interest rates, recession, inflation etc.
Contd.. •
Social and cultural issues: Type of people, their attitude, time dimension, work ethics, award reward expectation are factors in an employee that affects the strategic HRM.
•
Lack of focus on competitive advantage : It is vital to consider the competitors as all the policies and plan framework is scheduled keeping in min\d the competitive benefit..
•
Ineffective implementation of strategies: There is possibility that the objective may not bring proper change for development. In this case, the whole strategy need to be planned again in consideration of all the factors.
References •
Caldwell, C, and et.al., 2011. Strategic Human Resource Management as Ethical Stewardship. Journal of Business Ethics. 98(1).pp. 171-182.
•
Li, J, and et.al., 2008. Strategic Human Resource Management, Institutionalization, and Employment Modes: An Empirical Study in China. Strategic Management Journal. 29(3).pp. 337-342.
•
Saimon, A., 2011. Strategic Human Resource Management and the HR Scorecard.
[Online].
Available
through:
<http://www.assignmentpoint.com/business/human-resourcemanagement/strategic-human-resource-management-hr-scorecard.html>. [Accessed on 23 August 2014].
Cont..
•
Marler, J., 2012. Strategic Human Resource Management in context: A Historical and Global Perspective. Academy of Management Perspectives. 23(2).pp. 6-11.
•
Salaman, G, Storey, J, and Billsberry, J., 2005. Strategic Human Resource Management: Theory and Practice. SAGE.
•
Sims, R., 2002. Organizational Success Through Effective Human Resource Management. Greenwood Publishing Group.
To Buy Complete Essay Writing Visit us or Contact us:
Email: help@instantessaywriting.com
Contact us-+1 2139295632 Scoring A+ Grade in Essay Writing is a piece of cake. Get Essay Writing at pocket friendly rates with Instant Essay Writing.
tHank you