Got a tricky question? Receive an answer from students like you! Try us!

Human Resource Management strategy - Essay Example

Only on StudentShare
Masters
Author : casandralowe
Essay
Miscellaneous
Pages 4 (1004 words)

Summary

In the current global environment, managers recognize that the organization success and competitive advantage are related to efficient human resource management. Human resources are the vital assets of any organization and HR departments have evolved from hiring functions to strategic partnership…

Extract of sample
Human Resource Management strategy

The concept of Strategic Human Resource Management has replaced the traditional perception of human management. Even though the traditional theories of human management (Maslow's hierarchy of needs, ERG theory and Herzberg Two-Factor theory) are still used by most of the HR managers, the functions have changed to include the strategic planning.
Human Resource Management can build the organizational capacity and sustained competitive advantage. Organizations must be able to adapt to the changing environments and be ready to react to risks. Any organization that wants to remain successful must continually assess and formulate new strategies to meet the needs of its customers (both internal and external) in more effective ways (Marchington 2005). For example, if the organization is emphasizing the cost strategy, the changes in HRM activities will enable those strategies to become the major focus of organization. If particular, the multi-skilled employees and less expensive staff will help to meet the cost objectives. Without proper changes in HRM functions, organizational strategy might fail.
Not a single organization is able to avoid conflicts and risks on the market. The development and application of the HR strategies of dealing with conflict determine the way company will deal with the outside conflicts. ...
Download paper

Related Essays

Human Resource Management: Business strategy
This means that McGregor's Theory Y is used as a model to over come the recent challenges faced by SFL. Hence in this case the HR policy should be to increase the weight of pay packet of the staff in B's unit and recruit the additional 6 employees from the remaining work force. This way the morale of both sections of the work force will be uplifted. The HR model based on McGregor's Theory Y is further evident in this case study as Theory Y assumes that "under the right conditions, people are motivated by the desire to realize their own potential." (Barker 2000, p. 33) Therefore, assuming that…
8 pages (2008 words)
Human Resource Management: Employee retention
It was only the people who could lead an organization in the right direction and could individually and collectively contribute to achievement of the business objectives (Armstrong, 1992) …
6 pages (1506 words)
Human Resource Management: multionational company
(Rowley and Warner; 2007) In short, human resource management is the source through which an organization makes sure that its capital and the power of human talent (whether individual or in terms of teamwork) is being utilized with maximum exposure and capabilities to achieve the future set targeted goals of the company.…
5 pages (1255 words)
Human Resource Management and Business Strategy
Herb Kelleher and Rollin King, Southwest's founders, wanted to provide frequent, low-cost service in busy markets of less than 500 miles. Instead of considering other airlines such as United and Continental as competition, Southwest considered the automobile and bus service as major competition. Southwest's flights were typically point-to-point - nonstop from originating airport to destination airport, although connections were available for customers who wanted them.…
10 pages (2510 words)
Strategy and Human Resource Management
by the U.K’s larges retailer, Marks and Spencer, with an analysis of factors impacting these approaches and the way this organisation benefited from them. Through this illustration, various HRM practices such as best-practice and best-fit models, and management models such as high-commitment, high-involvement and high-performance work management models along with resource-based model have been comprehensively analyzed.…
12 pages (3012 words)