Discuss the Resource Based Approach to strategic HRM as a better alternative and its managerial implications in terms of HR actions.
Introduction
The key to any successful firm or an organization is its resources. Resources are always scarce and need to be used efficiently and sustainably to maintain a competitive advantage over other firms. Human Resource is one of the most valuable resources of a firm or an organization and knowing how to manage human resources is critical for survival of organizations and firms (Armstrong, 2008). Human Resource management is crucial in efficiently allocating human resources for maximum efficiency to achieve organizational goals. Wright et al (2011) argues, “In times of plenty, firms easily justify expenditures
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Armstrong (2008) defined SHRM as an approach defining how the organization’s goals would be achieved through people by means of HR strategies and integrated HR policies and practices. HR practices leads to choice of strategic plans for development of overall HR strategies and implementation of strategy while changing employees ' behaviour (Armstrong, 2008). Therefore, Strategic Human Resource Management (SHRM) is widely gaining popularity and has become a requisite for organizations that aim to sustain in the modern times. Three widespread theories/approaches of SHRM will be discussed and compared in this study; The Best Practice Approach, The Contingency Approach and the Resource Based View/Approach. These theories have incited a lot of debates to justify their positions as the better alternative to the …show more content…
What constitutes the so called ‘universal’ HR practices and will they be applicable when applied to different organizations with differing internal and external orientation? If there is one ‘best practice/fit’ why do smart organizations often do dumb things? These questions remain unanswered and these theories are challenged. When challenged with cross-cultural and different organizational structures, the Best Practice and Best Fit approaches have success but limited within the context of what employees need to do and the determination needed (Hughes, 2002). Furthermore, critics argue saying “HRM cannot rely only on business strategy but must cover a range of operational performance of people now and in future” (Mishra, 2015)*. He further adds that it is difficult to model all internal factors (vertical and horizontal integration) and the requirement is an HR system that is best for its purpose not the universal (Mishra,
is very critical to a company’s economy to the ongoing organizational effectiveness, sustainability and profitability. Management, with the help of the Human Services Department use strategic tools to achieve competitive advantages. The Human resource Department need to focus on of the company by integrating knowledge management, which will benefit the organizations future. (Society for Human Resource Management, pg. 24 – 26).
Service Strategies HUMN 6150- Helping Individuals, Organizations, and Communities Introduction to Human Services Fall Term 2016 Dr.Suhad Sadik Sulanis Murphy September 20, 2016 People are the most complex animals on the planet. We think in an entire other manner than alternate creatures that possess the world with us which makes our connections significantly more fascinating from an investigative perspective, if nothing else. Like some different creatures, we assemble together to frame social orders of every single diverse size in extra to the person. Nonetheless, we do this on an a great deal more muddled scale than any other creature. Human service professionals learn numerous techniques in their field of work.
These specialists explain that companies (human resources of companies) need to “focus on the human element of their companies”. Including that with today’s generation, HR needs to utilize different communications and management with the newer
Brown et al. (2013) noted, “We may have sophisticated computer-based systems for managing the stocks and flows of materials and activities across our organizations, but they depend on individual operators putting in the right data at the right time” (p. 222). The aforementioned statement denotes the importance of human resource management. In any organization, whether it is a public or private sector, human resource management is very critical because it could help an organization flourish and attain great sustainability. In contrast, poor human resource management will hinder an organization’s daily operations when problematic issues arise (e.g. low productivity, cultural diversity, and workplace
Changes in thinking and practice caused an increase in specialization and thus it led to less use of term “personnel management” in Human Resources Management (Miller, 2006). In the 1980s, changes in the operational environment of HRM drew the attention to the strategic management of the human resources. A firm human resources strategy will allow an organization to have a good bonding with the employee and coexist peacefully in the community. It is employees who will perform their needful duties and responsibilities to achieve its companies set goals or targets. This is where the importance of strategic human resources can be seen, since the human resources department will identify the key areas in the company that require manpower.
An example of this is the use of a new peie of machinery by operations may require human resources to hire appropriately trained workers or train existing workers who are able to operate it. This may include having to terminate existing employment contracts in order to accommodate new workers. The performance of human resource management affects the performance of other KBF’s especially operations. It is the role of HR management to ensure that workers are skilled enough and have the motivation to complete tasks set by managerial staff. If this is completed to a high standard, the business will be able to operate at its highest efficiency rate therefore affecting the other KBF’s than operations.
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.
I. OVERVIEW Google’s human resource management involves different strategies to address the workforce needs of this diversified business organization. This diversification imposes significant challenges to human resource managers of the company. Nonetheless, there are certain HRM approaches that are generally applied to different areas of Google. For instance, in human resource planning, Google’s HR managers focus on the effective use of forecast information to minimize the surplus or shortage of employees, and to establish a balance between the supply and demand for qualified employees.
INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees
The associated Human resources practices vary as per the strategy. Brockbank (1999) described a concept two way vertical fit as strategically proactive HR approach which counts on inculcating a culture change, this can further lead to more strengthening of employee and manager relations. Mergers can be recognized as not only a structural conversion but also growth in organisational’s versatility to adapt itself to a bigger change. All these practices needs to be critically and minutely tracked as per current market trend keeping in mind all possible risk factors. Change management teams contantly track and record such developments.
(2006). Strategic Human Resource Management: Determinants of Fit, Research and Practice in Human Resource Management, 14(2), 49-60. (‘Schuler & Jackson 1987’) [Accessed 10 October 2015].
The Harvard Model of HRM: Back in 1984, Beer et al developed the Harvard model of the HRM. Beer et al believe that the human resource is passes many of pressures nowadays, therefore, eliminating the pressures is required. These pressures could be eliminating by having a long-term perspective in terms of controlling people and potential assets rather than just variable costs. As a result, Beer et al approach the Harvard Model of the HRM. The purpose of this model is to solve the pressures that may occur in the HR of any organizations; these pressures include all management decisions that will affect the relationship between the organizations and their workers, in addition to a clear plan for the HRM policies and procedures by the manager of
In a company Human Resource is a very important part of the strategic plan. The HR department is the go-to when a company decides how to approach a problem or gain Ideas. If there needs to be hiring, the HR department will take care of it. They will provide the proper training and tools to achieve the organizations goals. There must be a strategic plan put in place that way everyone is on the same page internally within the company to be successful outside of the company.
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).
CHAPTER 1 INTRODUCTION: 1.1 Industry Profile: The health care industry is also called as medical industry or health sector. The health care industries are one of the fast-developing industries in the world. It is one of the economical segment, which offers medicines, drugs and various other services for treating the patients. This sector is considered as the social sector and is monitored by the State and Central Government.