Strategic Hrm Essay

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Strategic Human Resource Management Strategic human resource management is the procedure of relating the human resource function with the planned objectives of the organization in order to enhance performance. In simpler words, Strategic Human Resource Management is a different way of running an entire organization. Human Resource focuses on the objectives that will be achieved and how the right people can be placed on the right positions to maximize those accomplishments. Secondly, SHRM focuses on entire systems when solving organizational issues rather than individual methods. In addition to the focus on systems, SHRM is about lining up with the company's objectives of superior performance by creating a competitive advantage. The drastic …show more content…

The human resource role has gone from the usual hire to a strategic associate at the table with investment, execution and various other business centres , whereas, these are not centres of earnings for the business. The HR has to make sure that the business gets the maximum out of its employees. In other words, human resource management needs to give a high return on the business's savings in its people. This makes the job of HR highly composite as it not only deals management issues but human issues as …show more content…

In order to know how to strategically manage human resources, it is essential to recognize the method of strategic management in parts. ANALYSIS OF THE INDIVIDUAL COMPONENETS OF THE STRATEGIC FRAMEWORK: As the need arises existing businesses that have already developed a strategic management plan, will revisit these steps in order to make necessary improvements and changes. In practice, a thorough strategic management process has three main components. (shown in diagram a) 1. Situation Analysis The first step in the strategic management process is Situation analysis. The situation analysis is necessary for creating an organization’s mission statement. Situation analysis involves "scanning and evaluating the organizational context. This analysis can be performed using several techniques. PEST Analysis A technique for understanding the "environment" in which a business

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