Human Resource management is about striking a balance between people management and systems / processes to drive the business (a balance between human & inhuman elements), in-order to achieve the most effective, efficient and a positive impact on the organizational goals. Secondly human resource management is an essential tool, which helps to build employee relationship with the organization and to build a positive behaviour among the employees in the organization.
1.1 Personnel and Human Resource Management
Personnel Management is an essential element and could be defined as the human resources what is required by organization to obtaining, organising and motivating (Armstrong, 1977 in Armstrong, 2000. p. 577) for better organization behaviour.
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Basically it contains four strategies, including developing, rewarding, retaining and attracting employees. It facilitates both individuals in the organizations in the path of achieving their goals. Applying SHRM tools to the organization cannot be completed only by HR department. It is necessary to response and work together with other departments. If not, HRM align with strategies the human resource management practices may not reach the objectives of the company. Because these strategies lead overall departments to be stronger and more …show more content…
(2000). Knowledge transfer: A basis for competitive advantage in firms. Organizational Behavior and Human Decision Processes, 82 (1), 150–169. Google Scholar
‘Strategic assets’ (Barney and Wright, 1998; Mueller, 1998; Amit and Shoemaker, 1993; Winter, 1987
When it is thinking about the impotency of HRM in a certain establishment, apart from SHRM and RBV models of HRM, the other major concept that should be compulsory mentioned is HR best practices.
2. HR Best Practices and Organizational Behaviour
There are several practices that appropriate with the all situations occurred in a certain body, they are almost all universal. Because they legitimate with the arisen situations in the present past and future. Those endless practices are known as the soft practices. Throughout these hundreds of soft practices Jeffrey Pfeffer introduced the seven best practices for the discipline of Human resource management in 1998. They are;
• Security of employment.
• Selective hiring of new personnel- (so-called sophisticated selection criteria)
• Self-managed teams and decentralization of decision making as basic organizational principle
• High compensation relative to organizational performance
• Extensive
The benefits of using this strategy is reducing costs and improving efficiencies by decreasing transportation expenses and reducing turnaround time. This is the system Carnegie used throughout his journey of a business man to keep costs low and profits high. In 1901 he decided to take his fortune and he create many things that focused more on philanthropy and education. I believe that his dedication to the education of the citizens also helped shape America and its economy. He
For example if they are unaware of how to approach certain situations they should speak to their supervisor to prevent them from not meeting the standards. Organisational Policies and Procedures One of the first policies is the positive promotion of the rights of individuals; this can be achieved by the health and social care provision displaying charters around the environment, which clearly state what rights the service users are entitled too. Additionally the organization should give newly appointed staff a handbook that enables them to understand what the organisation expects from them.
Giving Competitive wages and other financial incentives. 8. Flexible working opportunities , Greater autonomy on where, how and when they work. 9. Transparency in International opportunities/ global careers.
The upper echelon power increases when there is uncertainty. This is why more individuals are impressed with the CEOs because we look for them to define it with clarity. It takes education, skills, intuition to assist us to pay attention of what is going on in the world that affects us. The second strategic force is culture.
5. Good compensation system for employees. 6. Owned stores at prime locations. 6.
These attributes all have pros and cons due to the fact that it’s in a different country. It is true that the economy is increasing by every second, but also problems are easy to see throughout the
Introduction Strategic human resource management is an approach to the development and implementation of Human Resource strategies. The best way to understand strategic human resource mamagement is by comparing it to human resource management.strategic human resorce management is seen as a partner in organizational succes. It utilizes the talent and opportunity within the human resources department to make other departments stronger and more effective. Strategic human resource management is the practice of attracting,developing,rewarding, and retaining employees for the benefit of both the employees as individuals and the organizations as a whole. Hr departments interact with the other departments within an organization in order to understand their goals and then create strategies that align with those objectives, as well as those of the organization.
Different nations are characterized by different management ideologies, which can either help or hurt them in building competitive advantage. If there is a strong domestic rivalry, it helps to create improved efficiency, making those firms better international competitors. Porter also notes that chance (such as new breakthrough innovations) and government policies (such as regulation, investments in education, etc.) can influence
Their desire is to earn profit, but not at the expense of their employees, environment, customers, or the law. This is what makes the company’s business plan desirable. Not only is the company extremely profitable, but the model is built to last. The lack of turnover reduces the company’s expenditure exponentially. When a company treats its employees well, they want to remain at said company.
Higher Quality of Service or Product 3. Monetary Savings 4. Better Employee Retention Rates 5. Pleasant Work Environment Maslow`s Hierarchy
Learning from experience According to some researcher’s experiential learning theory (ELT) has been widely used in management learning research and practice for over thirty-five years. Building on the foundational works of Kurt Lewin, John Dewey and others, experiential learning theory offers a dynamic theory based on a learning series driven by the resolution of the dual tensions of action/reflection and experience/abstraction. These two dimensions state a holistic learning space wherein learning transactions take place between individuals and the environment.
Overall they can make better decisions and plans across an extensive range of functional
High degree of responsiveness of between various functional head and CEO. 2. Inter department decision making is smooth i.e. the functional heads can make decision based on other functions smoothly. 3. Centralized controlling system.
1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998).
1. Introduction – Importance of Principle of Management (PMG) – Relate with case study – Overview of the content Introduction The purpose of this section is to discuss the importance of management principles, and the impact on each organisation. Principles of management are generally termed as the act of planning, organising and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.