Business Management Study Manuals
Advanced Diploma in Business Management
STRATEGIC HUMAN RESOURCE MANAGEMENT
The Association of Business Executives 5th Floor, CI Tower St Georges Square High Street New Malden Surrey KT3 4TE United Kingdom Tel: + 44(0)20 8329 2930 Fax: + 44(0)20 8329 2945 E-mail: info@abeuk.com www.abeuk.com
©
Copyright, 2008
The Association of Business Executives (ABE) and RRC Business Training All rights reserved No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, electrostatic, mechanical, photocopied or otherwise, without the express permission in writing from The Association of Business Executives.
…show more content…
The Strategic Approach to Reward and Recognition Introduction What are the Purposes of Reward and Recognition? How Do We Take a Strategic Approach to Reward and Recognition? How Effective are Financial and Non Financial Rewards? How Do We Evaluate Performance Management?
Page 95 96 97 97 99 103 104 105 108 115 117 117 119 121 122 127 130 132 133 135 141 143 149 150 151 153 160 161 162 167 168 169 174 175 178 180 181 182 183 185 187 191
6
7
8
9
10
1
Study Unit 1 Introduction to Strategic Human Resource Management
Contents
A. Introduction Why is human resource management important? What is Strategy? Are strategies deliberate and planned? What is Strategic HRM? What are the outcomes of an HR strategy? What different models are there of HR strategy? How is Strategic HRM Different from Other Aspects of HRM? So what determines an organisation 's HRM strategy? Is legal compliance strategic? So is responding to ethical issues strategic? So is corporate social responsibility strategic?
Page
2 2 3 5 6 6 7 12 12 13 14 14
B.
C.
D.
E.
How Does Research Show that Strategic HRM Adds Value to an Organisation? 15 CIPD-Sponsored Research 15 Linking Human Resource Strategy to Performance 17 How Does Strategic HRM Support the Management of Change? What is the relationship between the psychological needs of employees and HR strategy? What are the features we should look for in a well-designed job? Who Holds
Wright and McMahan (1994) define strategic HRM as “the pattern of planned Human Resource deployments and activities intended to enable the organisation to achieve its goals.” A HR function should impact the success of an organisation; a policy must remain current and suitable to both the internal and external environment. Ulrich and Lake (1990) affirm, ‘HRM systems can be the source of organisational capabilities that allow organisations to learn and capitalise on new opportunities.’
It will also include procurement of a head count of employees, material and media management through advertisement and partnership. It also pertains how to attain low cost and high volume production, level of employee involvement in daily running of the activities of Aber Corporation. Furthermore it involves regular auditing of accounting books to minimize accounting errors, workforce training through seminars to keep them at par with dynamics in the global business world, diversification and portfolio planning and analysis of the political, economic, social and technological changes (Ernest, 2001).
Recent CIPD research has emphasised the importance of strategic human resource management strategy being closely aligned to the overall business strategy. See our factsheet on strategic HRM for more information on that topic.
The term Human Resource Strategy is well defined as - “Human Resource management (HRM) is a strategic approach to managing employment relations which emphasises that leverage people 's capabilities is critical to achieving sustainable competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practices.” [ Bratton and Gold,4e,p3]
Human Resource Management is crucial to any organization’s success; do I believe that it should be a part of the overall company’s strategic plan absolutely by aligning Strategic planning within an organization it plays an important role as to how productive the organization is. Human Resource Management has many different aspects and each one of these has a part of the overall strategic plan of the organization for example Staffing, Policies, Compensation and Benefits, Retention, and of course Training and Development.
Human resource management (HRM) has it own challenges, but management is more focus on what HR can offer their organization in the future. Looking back to the evolution of human resource field, it has followed the history of business in the United States and most western countries. HR has evolved from personal management to human resource management and from HRM to the modern term of Strategic Human Resource Management (SHRM). The purpose of this case study is to reflect light on the characteristic of strategic human resource in business operation that makes them
Today 's fast-paced, competitive business environment has resulted in "rediscovery" of the human resource management function as a group that may be able to enhance firm competitiveness and performance by being "strategic" (Dyer & Kochan, 1995; Ulrich, 1997). Strategic Human Resource Management is a term describing an integrated approach to the development of Human Resource Strategy that will enable the organization to achieve its goals (Armstrong, 2005). Whiles strategy is an action that managers take to attain one or more of the organization’s goals. Strategy presents a general direction set for the company and its various components to achieve a desired state in the future. This results from the detailed
To address my research question on why there is a need for the presence of a relationship between strategic management and strategic human resource management, and how we can make this relationship come about. Firstly, I started off by defining the two concepts of human resource management as well as strategic management. Secondly, I discussed the organisational history and the role of HR in the past, and where it (HR) is going. Thirdly, I discussed the existence, importance and implication of this relationship. Lastly, I discussed the means of making this relationship come
Atlantis Global Corporation is a multinational organization that manufactures electronic circuit boards for high definition television screens, has relocated some personnel to three of its subsidiaries in hopes that the subsidiaries would be self-sustainable and profitable. The company’s CEO, COO and the Board of Director John is worried about global competition and losing AGC’s manufacturer of electrical circuit boards of high definition televisions. John seems to ignore the problem with the company’s employee situation and that there have been several employees that have left to go work with other organizations due to being unhappy with their current working conditions. John also
References — identification of literature and other sources used and referred to in the text.
There is now a general acceptance of a stakeholder theory of the modern organization (see, e.g.[1, 2,3]). Such a theory implies that managers have a duty to stakeholders. Stakeholders are defined as those groups who have a stake in or claim on the firm. Translated to the human resource development (HRD) context it suggests that each stakeholder group has a right not to be treated as a means to some end and should therefore participate in determining the future direction of human resource development activities within the organization.
Within this essay an in depth analysis will be conducted on the difference between Human Resource Management and Strategic Human Resource Management using contemporary perspectives. Human Resource Management (HRM) is the process of managing human resources in a systematic way. It is a practice devised to maximise the performance of employees and is concerned with the application of management principles to manage organisational personnel while paying attention to the policies and systems of the entity (Delaney & Huselid, 1996). Strategic Human Resource Management (SHRM) is a function of management which entails development of policies, programmes and practices related to human resources, which are aligned with business strategy so as to achieve the strategic objectives of the organisation (Patrick M. Wright, 1992). Its primary purpose is to improve the performance of the business and maintain a culture that encourages innovation and works continuously to gain competitive advantage. In this essay the Resource-Based View, High Performance Management and High Commitment Management perspectives of Strategic Human Resource Management and Traditional and Collaborative
Aim: This research will help us understand the role played by Strategic Human Resources Management in Organizational success, what role a HR manager plays in improving organizational efficiency and how it differs from traditional Human Resources Management.
For a business to remain competitive and profitable, it has to develop and refine its strategic orientation both internally and externally. Internally, a business should consider issues such as employee skills, organizational culture, production systems and managerial effectiveness. Externally, a business should position itself appropriately to take advantage of opportunities and overcome threats (Ireland & Hitt, 2001). Strategy development involves analysis of the present situation facing a business and the possible future situation to come up with an action plan. Human resource management is a critical internal element of a business. Success in managing human resource will most likely translate into profitability and
It is critical for human resources management to be a strategic partner at all times in the business environment. The leaders of management are required to make sound and competent decisions that will have a positive impact on their organization. Some reasons why human resource departments choose to be strategic may be partly due to profit, perceptions, funding resources and the overall values of the company. First, “the concept of profitability is the primary driving force behind strategic management” (Mayhew, 2015).