Human Resource Management

What is Strategic Human Resource Management?   Strategic Human Resource Management means managing HR operations in such a way that they connect the workforce with the core goals, objectives, and strategies of the company. It covers the following areas of HR operations   ü        Performance management: establishing procedures to monitor and enhance employee performance.   ü   Training and development: identifying the training and resources that people need to advance their careers.   ü   Compensation and benefits: creating benefits and compensation plans that will attract and keep employees.   ü   Employee relations: Managing employee relations to create a positive work environment.   These are just a few examples of the types of programs and policies that can be included in SHRM. Specific programs and policies depend on company goals and employee needs. Why Strategic Human Resources Is Important?   SHRM is important because it helps companies reach their goal

   What Is Human Capital Management?   Human capital represents the human factor in the organization; the combined intelligence, skills, and expertise that gives the organization its distinctive character. The human elements of the organization are those that are capable of learning, changing, innovating, and providing the creative thrust which if properly motivated can ensure the long-term survival of the organization. (Bontis et al., 1999) What Does Human Capital Management Involve? Human Capital Management (HCM) is a comprehensive strategy that directs?   ·         Talent attraction ·         Hiring ·         Onboarding ·         Training ·         Development ·         Performance analysis ·         Feedback   When combined with well-known industry terms, HCM might have subtle differences.        I.                Human Resources (HR)             encompasses major HR functions such as recruitment, onboarding, and managing employee-employer     relationships

What is the Harvard Framework for HRM? A more comprehensive approach to HR is taken by the Harvard framework for HRM, which also includes many degrees of result. Human resources management is one of the most important responsibilities of the staff division of an association (HRM). A company is only likely to succeed in its goals if its representatives are used effectively. Organizing the most effective use of human resources can help a company achieve its goals at the same time. Management of human resources has significant implications. It means consistently looking for more effective ways to use representatives to benefit the organization. One of the most important HR models is the Harvard Model for HRM. It adds nuance to the models above in terms of how HR functions and is based on the work of Paauwe and Richardson (1997). The Harvard HRM Model in Practice Looking at the graphic below, the Harvard HRM model advises that when developing HRM policies and long-term planning, HR s