Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Human resource strategic alignment
Human resource strategic alignment
Human resource strategic alignment
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Human resource strategic alignment
INTRODUCTION Presently, businesses need to face the changing circumstances in the world like the advancement of technological innovation and manufacturing technology, globalization, intensification of customer expectations, and competitive business environments. Hence, it needs a business strategy to sustain changes by incorporating them into business processes (Panwar et al., 2016). Basically, the strategy itself is plans of how your business achieves its objectives and maintains its position in the industry. As stated by Durai, P. (2010), effective alignment of human resource (HR) strategies with business strategies is an essential for an organisation’s success. It is believed that HR strategy improves organisational performance, but there is little or no convincing evidence for this proposition (Huselid, 1995). In this report will cover the importance of having a close relationship between an organisation’s HR strategy and business strategy along with the difficulty to determine the impact of an organisation’s human resource strategy on organisational performance. RELATIONSHIP BETWEEN BUSINESS STRATEGY AND HR STRATEGY Dhar, R., L. (2008) asserted that it is important …show more content…
The organisation size has also become a key factor, where small and medium-sized enterprises (SMEs), which account for 94 percent of all employers in the UK economy, are less likely to using the HR practices, such as sophisticated selection, extensive training, team-working, etc., than larger organisations (Forth et al., 2007). Since there are some companies are not implementing the HR strategy, so it becomes one of the reasons why it is difficult to measure the
Human Resource Management is a most important strategic objective to maintain the organisation’s success and it mainly focused on employee performance, policies and organisation system. This human resource management is responsible for employee’s benefits, hiring process and company objectives. Immigration Consultant is all about how to attract the customer through providing beneficial offers for them. The proposed business must have experienced employee and excellent marketing skills to attract the customer.
Boudreau, J. W. and Ramstad, P. M. (2003). Strategic HRM Measurement in the 21st Century:
WHY MIGHT AN ORGANIZATION ADOPT A STRATEGIC APPROACH TO HUMAN RESOURCE DEVELOPMENT? CRITICALLY DISCUSS WHAT HR PRACTITIONERS CAN DO TO ENSURE IT IS IMPLEMENTED IN PRACTICE.
Changing Roles. Traditionally, HR has been an administrative position-processing paperwork, benefits, hiring and firing, and compensation. However, recently HRM has moved from a traditional to a strategic role, the emphasis is on catering to the needs of consumers and workers. Before, HR was seen as the enemy and employees believed that HR’s main purpose was to protect management. Now, the position requires HRM to be more people oriented and protect their human capitol, the staff. In addition, human resource management has to be business savvy and think of themselves as strategic partners in the 21st century.
the workforce. Thus, they will be properly skilled and prepared for their jobs. Consequently, performance is likely to increase and the employee will be able to work towards an internal promotion.
...reat way to step back and make sure you have all of the information before employees dive into their next learning project, once information is gathered and tabulated the trainers can tabulate everything to have clear picture of what steps to take after the assessment is reviewed, changed, and implemented.
Peter Cappelli presents his readers with what I would like to bring to HR when he says, “One of traditional HR’s biggest difficulties has been supporting business strategy, because it’s such a moving target these days”(137). The way of the future for Hr is to align business strategy with HR to bring coherence between the both. When HR is engaged within the business strategy of their company, this will bring unity thus contribute to higher profits. Another change in HR talked about in the same article by Cappelli is, “Companies seldom have long-term plans with straightforward talent requirements”(138). Hiring from within a company’s workforce is cost effective on many levels. This eliminates the cost of poor hiring, promotes moral, and encourages loyalty towards their employer. I am encouraged by these articles because people are at least talking about change. Talking about change is the beginning to change. My education at Cal State Dominguez will be completed soon and I look forward to working within Human Resources at a great company, along with running my own business on the side. Who knows maybe some day my own business will become successful enough to hire my own HR
Data illustrated from Teo (2002) from the interviews conducted towards the HR department suggested that the corporate HR department of the specific organization interview was becoming a key source in the strategic management process. Evidence has continually suggested that HR departments in commercialized entities develop a greater role in the strategic aspects of people management. For example, performance based pay, combining performance management with corporate strategy and corporate bargaining activities will develop a greater role for the HR department as one of the strategic gain of an organization (Teo,
4) Tokesky, George C; Kornides, Joanne : ‘Strategic HR Management is vital’( Personal journal, December 1994 v 73 n 12 p 115.
Summary Statement: This paper examines in detail HR function and its implications in an organization. The paper discusses how the HR function is handled in an organization. The paper explains what are the efficient ways to use it in an organization, its division and supervision strategies. Human resource function is the process by which the HR manager can ensure that the organization has correct number of employees with correct skills in present or in the future to meet the organization’s strategic business objectives. For example, if an organization plans to expand into new markets or to provide new services in the near future, the HR manager should develop a HR plan to measure how many new employees should be hired? What skills should the employees have? When should the recruitment start? How will this plan affect the existing employees? Does any Government regulation that should be consider? These are only a few of the many considerations in formulating an effective HR function The advent of knowledge economy requires companies to form a new concept of HR, that is, the human- oriented concept. Globalization refers to the development of an economy and any forms of governance that span much of the world. It means the integration of markets across the entire world and the increasing tendency for people, corporations and states to operate in or across national boundaries. By these exercises, the performance theory concludes that there may be some linkages within a broad view of performance which could explore causal links between HR and performance. In addition to Guest’s review on HR and performance, there is a growing body of literatures that support the correlation between high performance as a result of HR practice and vari...
...ard internationally regards to the labor satisfaction and their problems and well suite in the agenda to be a developed country by 2020.
Contrary to traditional beliefs, recognition and integration of the link between human resource (HR) strategy and business strategy, or rather, strategic human resource management (SHRM) can contribute to the success and establishment of a business. The first half of this report will draw attention to and examine the importance of having a close relationship between the two named strategies. Bratton and Gold (2007), suggest that SHRM can improve performance by connecting the strategic goals of the business to the HR functions. Be it in a management or academic literature, the proactive nature of SHRM allows the business to have a significant edge given the volatility of the market due to advancement in information systems, globalisation and many other factors. Having said these optimistic accounts, this report will also examine the reasons as to why it can be tedious to determine the influence of human resource strategy on business performance.
Terms of reference: This report is being produced to fulfil the criteria required for Unit four of the Advance Vocational Certificate of Education (AVCE) course in Business Studies. It will give a comprehensive overview of the way's in which the human resources function(s)', within businesses are organised and managed and how they operate, and an analytical insight into the human resource management team, of the business that I' am focusing on, which is HSBC Group Plc. The report will specifically focus on the possible conflicts of interest between employees or individuals, the way's which human resources planning procedures take place, the recruitment and selection process, training and development programmes and performance management at HSBC Group Plc, in view of the current economic climate for retailing/banking. An Introduction to the Report: In this assignment, I have been asked to structure an analytical approach, about human resources and its effects, on one business, and to file all of my information in one simple, but sophisticatedly structured report.
Although there is no consensus or an unique definition to the objectives and it can vary from country to country, business to business and organizations to organizations etc., HR with the purpose of supporting the delivery of the organisation’s strategy and objectives through management of people and performance is one of the main accepted definitions worldwide. This combined with HR functions that have gone beyond simply being the people function into overall performance , HR professionals with a complex set of competencies and supreme behaviors to guide the organizations to achieve the strategy, make the HR roles and responsibilities even more complex
The Importance of the Human Resource Function Human resources are the backbone of any business. It deals with the most important resource in the business – people. For any business to achieve its objectives they must plan their resources and one of their key resource is people. They need to get the right people and develop. them well in order to meet the organisation’s aims successfully.