Premium Essay

Human Resource Management Strategy

In:

Submitted By muhammadadilkhan
Words 2620
Pages 11
Table of Contents
Introduction 2
Human Resource Defined 3
Strategic HRM Elements 3
Strategic Planning 4
Strategy 4
Strategic HRM and Goals & Objectives 4
SHRM – A tool to achieve organization’s goals and objectives 6
Case Study 7
Company Information 7
Company background 7
Core strategic aims and values 7
Pest Analysis 8
Political Factors 8
Economic Factors 9
Social Factors 9
Technological Factors 9
Employee and human relations 10
Human Relations 10
Key Success Variables 10
Employee Relations 10
Key Success Variables 11
Global market value and competitive advantage 11
Internal & external customer satisfaction 11
Key Success Variables 12
Conclusion 12 List of Figures
Figure 1: Strategic Human Resource Management Model 6
Figure 2: Traditional HR versus Strategic HR 7
Figure 3: Pest Model 9 Introduction
In the current global business environment, the role of HR cannot be neglected. HR consideration is equally important as the knowledge economy expects from their workforce to share their contribution in building the structure of the ideas for the benefits of organization as a whole and at the same time support in compliance of its strategy. HR competent people working in an organization set the benchmark in value additions for the business activities that are undertaken in return to have the desired achievements of goals and objectives. Hence it has been pretty crucial to acquaint with the dynamic HR changes that are happening in an economy.

The effective HRM atmosphere is vital to ensure the rise in productivity, performance outcomes and modernization when it comes to analyzing all segments operating within an economy. The need to study HR and its ingredients is a hot issue as the role of HR is being demanded consistently with the span of time for the organizations operating locally or globally, therefore the rapid growth in the

Similar Documents

Premium Essay

Integrating Strategy and Human Resource Management

...Integrating Strategy and Human Resource Management Name Institution Affiliation Integrating Strategy and Human Resource Management Introduction The integration of the two aspects of human resources has enabled the organizations to address the issues that they face both internally as well as in their respective industries. Therefore, this is an indication that organizations ought to integrate human resource planning with human resource management so as to adjust in the ever-changing markets. “This makes the roles that human resources play within an organization to be very imperative, and which ought to be managed properly” (Davila & Marta, 2009). Integration Strategy The Human Resource Management plays a crucial role in all organizations (Davila & Marta, 2009). In the cases of People’s Bank, Maid Bess, as well as Ingersoll-Rand, there is a unifying theme in relation to the significance of the Human Resource Management in all these organizations. The unifying theme is that HRM integrates the process of human resource planning in all the aforementioned organizations with the strategic planning process, strategies that will help them in surviving in the ever-changing business world. For instance, in the case of People’s Bank, HR planning was integrated with s strategic planning process by means of synchronization of all its scanning process with that of the bank’s entire environmental scanning process. The strategic role of HRM that has been adopted by the U...

Words: 1052 - Pages: 5

Premium Essay

Human Resource Management Strategies of Wal-Mart

...Human Resource Management Strategies of Wal-Mart       TITLE OF ASSIGNMENT:   Human Resource Strategy of Wal-Mart inc Table of Contents Table of Contents (This page) ------------------------------------------------------------------------2 1.0 Introduction ------------------------------------------------------------------------3 2.0 Wal-Mart Human resource strategy ------------------------------------------------------------------------4 2.1 Recruitment and selection ------------------------------------------------------------------------4 2.2 Training and development ------------------------------------------------------------------------6 2.3 Employee motivation and Reward / benefits         ---------------------------------------------------------7 2.3.1 Financial benefits   ------------------------------------------------------------------------8 2.3.2 Health and awareness benefits   ------------------------------------------------------------------------8 2.4 Performance management               --------------------------------------------------------------------------9 3.0 Challenges faced by the human resources -----------------------------------------------------------------9 4.0 Recommendations to overcome these challenges     -----------------------------------------------------10 1.0 INTRODUCTION Human resource management according to Wilton (2011) in his book “an introduction to human resource management” is a phrase used...

Words: 4646 - Pages: 19

Premium Essay

Business Strategy and Human Resource Management: Setting the Scene

...nd H uman R esource Management: S etting t he S cene Ed van Sluijs & Frits Kluytmans MERIT Open University This article is based on a journey through the wilderness of strategic human resource management. Part 1 gives an overview of the recent literature on this topic, particularly pertaining to the two issues which received have most attention until now: the relational aspects and the content aspects. In part 2, we go deeper into the wilderness and explore the least known aspect of strategic human resource management, namely the process aspects. This exploration is based on the simultaneous study of the (scarce) literature and four cases. Finally, the connection between the three aspects is investigated. INTRODUCTION Increased integration between human resource management and business strategy is one of the most important demands that are placed upon modern strategic human resource management. In both the management and the academic literature, it is generally acknowledged that the strategic deployment and management of personnel can contribute to the success and continuity of the firm. Some go even further by stating that a firm’s human resources form the basis of the firm’s competitive advantage. In this view, the human resources are the most important assets of an organisation. At the same time, in addition to the importance of the human resources as such, it is believed to be important that the management of the human resources should be in perfect...

Words: 10708 - Pages: 43

Premium Essay

Corporate Strategy, Human Resource Management and Performance Outcome

...Abstract: this paper explore the relationship between the corporate strategy and human resource management of the organisation and their effect on organisation performance outcome. A survey based approach is used to collect data from selected number or organisation. Overall we expected that the fit between corporate strategy and HRM practices will yield to a positive effect on organisation performance List of Contents Abstract ……………………………… 1 1. Introduction 1.1. Overview ………………………………. 3 1.2. Literature review and hypotheses ………………………………. 4 2. The research method and conceptual framework 2.1. Method ………………………………. 6 2.2. Measures ………………………………. 7 3. Results and conclusion ............................... 8 4. References ………………………………. 9 Appendix ………………………………. 10 1. Introduction: 1.1 Overview: Each organization has its particular strategy to fit its distinctive competencies, needs and circumstances. Strategy can be conceptualized into three levels: corporate level, business...

Words: 1326 - Pages: 6

Premium Essay

Bus 692 Entire Course Strategies in Human Resource Management

...BUS 692 Entire Course Strategies in Human Resource Management http://www.devryguide.com/downloads/bus-692-entire-course-strategies-human-resource-management/ To purchase this tutorial copy and paste link in your browser. BUS 692 Entire Course Strategies in Human Resource Management BUS 692 Week 1 DQ 1 Achieving Organizational Strategy through People Achieving Organizational Strategy through People. A common theme observed in modern organizations today is the poor alignment of business strategy and HRM strategy. Find an article(s) through ProQuest which discusses the benefits of aligning HRM activities with key business initiatives and discuss the challenges and the opportunities of doing so. Present your findings in 200 words or more in your discussion post. Remember to properly cite your sources. BUS 692 Week 1 DQ 2 Expectancy and Equity Theory Expectancy and Equity Theory. Business managers seek higher performing workers to staff positions in organizations. Read pages 33 through 45 of the text and at least one article(s) through ProQuest. Consider organizational strategies and practices in your organization that could be enhanced by the application of these theories and address them in 200 words or more in your discussion post. Remember to properly cite your sources. BUS 692 Week 1 Selection of the firm Selection of the Firm. Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work...

Words: 2108 - Pages: 9

Premium Essay

Linkages Between Human Resource Management, Organisational Strategy and Organisational Culture

...Introduction This study examines the linkages between Human Resource Management, Organisational Strategy and Organisational culture. With every single link exists between them we studied the relations and how that effects management and ultimately helps the Human resource managers through several of theorists and management theories to achieve their goal and benefit the organisation in order to bring profitability. Human Resource Management (HRM) In simple and short form Human resource management is the process of hiring and developing employees so that they can become more valuable to the organisation. HRM is also strategic and comprehensive approach to managing people and the workplace culture and environment. Effective HRM enables employees to contribute effectively and productively to the overall company direction and the accomplishment of the organisation’s goals and objectives. HRM is moving away from traditional personnel, administration, and transactional roles. Now HRM is expected to add value to the strategic utilization of employees and that employee programs impact the business in measurable ways. The new role of HRM involves strategic direction and culture. Developments in the field of HRM are well documented (see Sisson and Storey, 2000). The history of HRM goes back as far as the 1950s. This was succeeded by the ‘Behavioural science movement’ in the 1960s headed by Maslow, Argyris and Herzberg. These theorists argued for a better quality of working life...

Words: 5328 - Pages: 22

Premium Essay

The Challenge of International Human Resource Management: Balancing the Duality of Strategy and Practice

...Int. J. of Human Resource Management 16:4 April 2005 584– 598 The challenge of international human resource management: balancing the duality of strategy and practice Helen De Cieri, Marilyn Fenwick and Kate Hutchings Abstract Over the last two decades there has been an unprecedented increase in the number of organizations that have internationalized their operations. The international movement of labour that has been concomitant with such expansion of international business has meant that issues associated with the management of human resources across international borders are increasingly important to international human resource managers and academics. The research presented in this paper examines international human resource management (IHRM) pedagogy and practice in Australia. It reports IHRM academicians’ and practitioners’ understanding of the major issues for teaching and practice in IHRM and elucidates current developments and directions for this field. Keywords International human resource management; pedagogy; Australia. Introduction During the last two decades academicians and practitioners of international management have paid increasing attention to the impact of globalization on the management of human resources across national boundaries. International businesses have increasingly turned their attention to issues such as expatriate management (employees being transferred by organizations to work outside their country of origin/permanent residence), managing...

Words: 8488 - Pages: 34

Premium Essay

Strategy Human Resource Management on Staff High Turn over Rate

...Brisbane Women’s Hospital’s (RBWH) Bone Marrow Transplant Unit (BMT Unit). Excessive turnover in the BMT Unit is a prime indicator that lack of strategic planning in place from management. The purpose of the report will include the Unit’s background, the main causes of high turnover rate, negative effects of turnover, different misconceptions associated with employee turnover, recommendation for curtailing the rate of turnover within the Unit and manage those to increase retention. 1.1 Organisation Background Cancer Care Services at the RBWH is the largest cancer service in Queensland and it’s also one of the largest in Australia (RBWH Research Report 2011). The Service encompasses divisions such as: Medical Oncology, Radiation Oncology, Haematology and Bone Marrow Transplant. The BMT Unit offers all treatment modalities for adult bone marrow transplantation. The 86 staff in the Unit comprises: 1 Nurse Unit Manager 2 Nurse Staff Managers 1 Assistant Director 1 Nurse Director. The Nurse Unit Manager manages the staff’s recruiting and rostering within the Unit, while the Nurse Staff Managers manages the staff recruitment within the whole Cancer Care Services line. 2. Description of the Problem Despite Cancer Care Service’s success story, the BMT Unit is facing a serious Human Resource problem: a high turnover rate. With over 13% annual average turnover, the BMT Unit is experiencing loss of key staff and the cost of hiring is impacting on organisation profit...

Words: 2222 - Pages: 9

Premium Essay

Hrm 420 Week 2 Human Resources Management Strategy Plan

...HR Management Strategy Plan Paper HRM/420 HR Management Strategy Plan In this plan, we perform the 2nd stage of the restructuring of Baderman Island Vacation resort. Being a recap, our 1st stage included determining the lawful conformity problems that presently exist to incorporate the alternatives to lessen liability and our work routine conformity system. In this administration strategy, we: Describe the danger evaluation and administration plan Identify the safety and health programs Implement the succession plan Incorporate disaster backup plan Risk Assessment & Management Program It's the main concern of the resort to assure our visitors, and our stakeholders that all attempts are being made to make sure our facilities are in complete conformity with all state, federal and international rules. For this reason, we have already commenced execution of several of the risk factors identified. For example, we expeditiously set up high performance power generators throughout our facilities during the “Legal Compliance” stage. Additionally, we decreased the opportunity of safety risks through providing key cards to visitors for entry into their rooms, setting up safety screens in all facility halls and...

Words: 1370 - Pages: 6

Premium Essay

Human Resource Management Strategy & Policy: Relationship Between Betty & Frankie

...1) It is relating to the international human resources management problems between Betty and Frankie. Although Betty and Frankie are grow up in Hong Kong but they are following a different culture at the same place. Betty was finished her study at Form Five and started her work after her succeeded in the secretarial qualification. She was worked at our company for the past ten years. On the other hand, Frankie was finished his high school at Hong Kong then got his first degree at London and a MBA from Harvard. He has great experiences in multinational company because he worked in London, New York, Hong Kong and Shanghai before joining us. It is helping him to build up a good thinking, open mind and the importance of the relationship with other colleagues. Frankie is willing to change in order to assist him achieving the goal but Betty is not willing to change therefore she won’t cooperate with Frankie when he need to change the old style. Sometimes, the communication is complicated. Especially it is related to two different cultures as it is easy to misunderstanding. Betty’s an India lady and got an education in Hong Kong then entered the workforce. Frankie’s a Chinese and got his education at an elite Hong Kong boy’s school then got his higher education in UK. This may made them have a big different in perception and behavior. At the same time, it’s because they are lack of communication, so they’re not knew each other well. It’s also is a problem between them. 2) We could found...

Words: 683 - Pages: 3

Premium Essay

Human Resources Management

...Critically discuss how human resource policies are designed in order to assist organization achieve their strategy Introduction Human resource polices are used to identify outstanding employees for enterprises, not only to find good employees, more important is to train the employees. Until every employee can contribute to the corporate development and then they can further assist the company achieve the corporate strategies in the most suitable positions in the company. Meanwhile, the human resource polices are also should conducive to create positive, united and dedicated working environment and improve efficiency in all aspects. Nevertheless, the human resource policies also differ with different corporate cultures in different organizations. Such situation also poses competitive challenge to the human resource policies. There is no fixed pattern for the human resource policies in the organization. In different organizations, different social circumstances human resource policies also in different patterns. The role of human resource policies should be give full play in the corporate development process. Human resource managers need to bring the initiative into play in order to enable enterprises face a high growth stable development trend in the future. Therefore this essay argues that the human resource policies are designed to assist organization achieve corporate strategy. This essay aims to explore and discuss how the human resources policies are designed in order...

Words: 2333 - Pages: 10

Premium Essay

Business Strategy for Human Resources

...w e a n Business Strategy and Human Resource Management: Setting the Scene Ed van Sluijs & Frits Kluytmans MERIT Open University This article is based on a journey through the wilderness of strategic human resource management. Part 1 gives an overview of the recent literature on this topic, particularly pertaining to the two issues which received have most attention until now: the relational aspects and the content aspects. In part 2, we go deeper into the wilderness and explore the least known aspect of strategic human resource management, namely the process aspects. This exploration is based on the simultaneous study of the (scarce) literature and four cases. Finally, the connection between the three aspects is investigated. INTRODUCTION Increased integration between human resource management and business strategy is one of the most important demands that are placed upon modern strategic human resource management. In both the management and the academic literature, it is generally acknowledged that the strategic deployment and management of personnel can contribute to the success and continuity of the firm. Some go even further by stating that a firm’s human resources form the basis of the firm’s competitive advantage. In this view, the human resources are the most important assets of an organisation. At the same time, in addition to the importance of the human resources as such, it is believed to be important that the management of the human resources should be in perfect...

Words: 10628 - Pages: 43

Premium Essay

Human Resource Management

...Introduction: Human resource management works with human to formulate and implement the business strategy. HRM and strategy were not related too much before but nowadays the coordination between them is reasonably common in the competitive world. Every manager needs to know how human resources are associated with strategic management to increase the effectiveness of the organization. This assignment has been prepared to give a clear view about the importance of HRM, formulation and implementation of HR strategies. Therefore, the contemporary issues related to strategic human resource management have been analyzed appropriately to show their impact on strategic HRM. All the topics have been assessed by relating with modern business world to show practical overview of human resource management and strategic human resource management. 1. Understanding the role and importance of HRM: 1.1. Definition of strategic human resource management In general, human resource management refers to a process by which the organization functions are accomplished and objectives are achieved through managing and utilizing experienced and skilled workforce. Human resource management starts with recruiting and selecting employees and then makes sure the utilization of the workforce. Strategic human resource management is defined as macro-organizational approach that designs strategic policies and frameworks to decide how the long-term goals and objectives will be achieved through using trained...

Words: 3049 - Pages: 13

Premium Essay

Shrm

...BETWEEN HUMAN RESOURCE MANAGEMENT PRACTICES, BUSINESS STRATEGY FIT AND FIRM PERFORMANCE Oya Erdil & Ay e Günsel Gebze Institute of Technology, Turkey ABSTRACT While there has been growing interest concerning the relationship between human resource (HR) practices, firm strategy and firm performance, limited research attention has been paid providing empirical evidence in support of them. This study investigates the relationships between HR practices, human resources management (HRM) - firm strategy fit and the firm performance of 63 small and medium sized firms located around Kocaeli and Gebze from both theoretical and empirical perspective. The findings indicate a strong relationship between different HR practices and HRM-firm strategy fit and firm performance. Further, the results provide support for the assertion that HR-firm strategy fit can significantly assist a firm in improving performance. Therefore, empirical support is obtained for the efforts at aligning HRM practices with firm strategy and firm performance. (recruitment, development, etc.) share the same basic character and play a similar kind of role in relation to strategic management (Luoma, 2000: 771). Effective HRM strategy systematically organizes all individual HRM measures to directly influence employee attitude and behavior in a way that leads business to achieve its competitive strategy. (Huang, 2001: 134). In view of the fact that the goals and necessities of each of the competitive strategy types...

Words: 5300 - Pages: 22

Premium Essay

Human Resource Management

...Unit 6.1 Human resource Management Table of Content Content............................................................................................................................Page Introduction....................................................................................................................3 LO 1................................................................................................................................3 Strategic Human Resource Management........................................................................3 Strategic Human Resource Management Model............................................................4 Importance of SHRM.....................................................................................................4 Framework of SHRM.....................................................................................................5 LO2.................................................................................................................................8 HRM process..................................................................................................................8 Roles in SHRM..............................................................................................................9 Development and implementation of HRM strategies..................................................10 LO 3............................................................................................

Words: 4642 - Pages: 19