Strategic Human Resource Management Essay

2585 words - 11 pages

Strategic Human Resource Management
Jay Perviz Dhanani
Intel College, Nairobi
ID: 119127768
Word count: 2594

Strategic Human Resource Management is the process that entails having the right people at the right time in the right place at the right cost. It is also the process of responding and assessing the dynamic business environment and seeing the people of the organization as assets rather than cost or liability.
Concepts of SHRM:
Life cycle: The life cycle, for example, of a product can be defined into 4 main stages: Introduction, Growth, Maturity and Decline. The aspect of recruitment and Selection can be explained as follows:
* In the ...view middle of the document...

| Requires adequate mix of qualified workers. Management succession planning. Manage rapid internal labour market movement. | Encourage sufficient turnover to minimize layoffs and provide new openings. Encourage mobility as reorganizations shift jobs around. | Plan and implement workforce reductions and reallocations of duties and responsibilities. |
Compensation and Training | Meet or exceed labour market needs to attract market talent. | Meet external market but consider internal equity effects. Establish formal compensation structures. | Control Compensation | Tighter cost control. |
Employee Training and Development | Define future skill requirements and begin establishing career ladders. | Mould effective management team through management development and organizational development. | Maintain flexibility and skills of an ageing workforce. | Implement retaining and career consulting services. |
Labour/ Employee Relations | Set basic employee relations philosophy and organization. | Maintain labour peace, employee motivation and morale. | Control labour costs and maintain labour peace. Improve productivity. | Improve productivity and achieve flexibility in work rules. Negotiate job security and employee adjustment policies. |

Performance Management Systems:
These are defined as a system to ensure performance happens by design and not by chance. It is also known as a systematic process where an organization involves its employees in improving organizational effectiveness by focusing them on achieving the organization’s mission and strategic goals. Performance systems are used to communicate goals and objectives, to reinforce individual accountability for meeting those set goals and the tracking or evaluation process of individual and organizational results. The basis of these systems, include planning, coaching and reviews.

There are 3 main methodologies to support these systems:
* The Best Practice View: This view on the grounds that a single set or “bundle” of Human Resource policies will lead to better organizational performance, sustained over a long period of time, regardless of the prevailing business circumstances. Below is a set of 18 key practices that explain the best practice view:
i. Realistic Job Reviews
ii. Use of psychometric tests for selection
iii. Well developped induction training.
iv. Provision of extensive training from many sources.
v. Regular appraisals.
vi. Regular feedback on performance from many sources.
vii. Individual performance related pay.
viii. Profit- related bonuses.
ix. Flexible job descriptions.
x. Multi- skilling.
xi. Presence of work improvement teams.
xii. Presence of problem- solving groups.
xiii. Information provided on firm’s business plans.
xiv. Information provided on firm’s performance targets.
xv. No compulsory redundancies.
xvi. Avoidance of voluntary redundancies.

Other Papers Like Strategic Human Resource Management

Siemens Case-Strategic Human Resource Management Essay

2240 words - 9 pages Strategic Human Resource Management Strategic human resource management is designed to help companies best meet the needs of their employees while promoting company goals. Human resource management deals with any aspects of a business that affects employees, such as hiring and firing, pay, benefits, training, and administration. Human resources may also provide work incentives, safety procedure information, and sick or vacation days. Strategic

Strategic-Human-Resource-Managment Essay

3082 words - 13 pages . References...................................................................................... 14 There are many factors to create the success of companies and strategic human resource management is one of the most important one to make their companies stronger and more developed. First of all, human resource like workforce or employees is defined as the labor pool in employment; however it describes better about the role, skills, competencies and

Strategic Human Resource

3864 words - 16 pages background of those processes, and the human resource management practices of the company. In doing so, the group will be able to slowly transition to the identification of the problem in the human resource department, to provide clear insights about the company. After the problem has been identified, the group will then try to apply the learned concepts of strategic and proper human resource management from the class SHURMAN to Ho- land Hopia Chinese

Strategic Human Resource Management Effectiveness and Ž Rm Performance

5600 words - 23 pages Int. J. of Human Resource Management 12:2 March 2001 299–310 Strategic human resource management effectiveness and rm performance Orlando C. Richard and Nancy Brown Johnson Abstract This study tests whether strategic human resource management (SHRM) effectiveness signi cantly affects organizational level outcomes. Using the resource-based view of the rm, this study examines the effective use of human capital on organizational performance

The Shift From Personnel Management To Strategic Human Resource Management In Australia

1385 words - 6 pages The Shift from Personnel Management to Strategic Human Resource Management in Australia The management of people is ever-changing and extremely dynamic; it under goes sequential evolution with an organisations’ internal and external environments. Consequentially history has seen global Human Resource Management have considerable variation in its focus and practice. In Australia the history of Human Resource Management is said to have

Strategic Human Resource

2012 words - 9 pages dictionary there was a generation before known as generation X, but the generation Y refers generally to the demographic group born between 1975 and 1995. The group is perceived as needful on new media technology with short attention spans (Business Dictionary, 2012) . Whereas the book Human Resources Management 7th edition, identify four groups, these groups were known as: Veterans or Traditionalists (before 1940’s); Baby Boomers (1940

Integrating Human Resource Strategy and Strategic Planning to Achieve Business Excellence

5729 words - 23 pages strategy and strategic planning to achieve business excellence” the thesis statement states that developing a human resource (HR) strategy to support the business plan, requires human resource management (HRM) planning to be recognized as a fundamental part of the business planning process and integrating HR strategy and strategic planning is fundamental to achieving business. Both strategies are seen as imperative in achieving a company’s

Human Resource Management Overview

913 words - 4 pages hiring and developing employees so that they become more valuable to the organization (Business Dictionary, n.d.). In this paper, I will discuss the primary function and the role of human resource management in an organization’s strategic plan. What is human resource management? Human resource management can include a broad spectrum of specialties within an organization. Some specialties may include recruiting, payroll, policy, training and

Human Resource Management

2926 words - 12 pages in any corporation as a means to achieving organizational objectives in the course of strategic human resource management. Proper human resource planning is a guide to appropriate application of the labor force and also trims down unnecessary labor turnover and soaring non-attendance. It also promotes better yield and helps to reach an organizations goals. It helps to make certain the most beneficial utilization of labor force and profit from

Human Resource Management

1806 words - 8 pages . They, therefore, must work together. This cooperation will enable line management to be more proficient. It will also assist the human resource department to devote more time to strategic human resource management (Nankervis, Baird, Coffey & shield, 2014).When the line managers respond to tactical human resource duties and functions, the HR will devote time to critical issues.The human resource staff and line managers collaborate in some

Human Resource Management

3284 words - 14 pages planned human resource deployments and activities intended to enable an organization to achieve its goals is strategic human resource management. In John P. Righeimer Maverick Energy PH: 815-498-3855 11 essence, an organization’s competitive advantage is more easily obtained when its HR is effectively linked with its strategy. The need to match strategies and HR has implications for both the recruitment of personal and organizational

Related Essays

Strategic Human Resource Management Essay

613 words - 3 pages Assignment front sheet| Learner name| Assessor name| |Prof Jose Mathew Mattom| Date issued|Completion date|Submitted on| ||| Qualification|Unit number and title| BTEC LEVEL 7 EDSML|STRATEGIC HUMAN RESOURCE MANAGEMENT| || Assignment title|| In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found.| Criteria reference|To achieve the

Strategic Human Resource Management Essay

5707 words - 23 pages Strategic Human Resource Management Student Name Student ID Table of Contents Introduction 3 LO: 02:1 Be able to develop human resource plans for an organization 3 2.2 Assess the human resources requirements in a given situation 5 2.3 Develop a human resources plan for an organisation 7 2.4 Critically evaluate how a human resources plan can contribute to meeting as organisation objectives 8 LO: 03: Understand human resources policy

Strategic Human Resource Management Essay

3637 words - 15 pages FACULTY OF BUSINESS MANAGEMENT STRATEGIC HUMAN RESOURCE MANAGEMENT (HRM 537) ACKNOWLEDGEMENT In the name of Allah, the Most Gracious and The Most Merciful Alhamdulillah, all praises to Allah for the strengths and His blessing in completing this report. This dissertation would not have been possible without the guidance and the help of several individuals who in one way or another contributed and extended their valuable assistance

Concept Of Strategic Human Resource Management

1386 words - 6 pages Abstract The Concept of Strategic Human Resource Management has a widely use but very arrangement of definition. Research has present reasons that if the concept is to have any social systematic value, it should be defined in a way as to characterize it from traditional personnel management, and to allow the development of testable interpretation about its impact. Concept of Strategic Human Resource Management Thought out the research many